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Tuesday, 14 April 2015

The college degrees that will make you rich

college graduationOne question on the mind of every college student everywhere is this: What degree is going to provide me with the very best opportunity to become truly successful? And this very same question is often very much on the mind of people who are already working full time, but who want to get another degree — perhaps an MBA or other graduate degree — to boost their work skills and career prospects.
UK-based Approved Index took a close look at people on the Forbes list of the 100 wealthiest people in the world to answer this question, and the results are often surprising. Consider these facts:
  1. 32% of billionaires do not have a college degree (famously, Bill Gates, Oprah WinfreySteve Jobs, and Mark Zuckerberg all dropped out of college prior to completing a degree, and the dyslexic Richard Branson dropped out of high school)
  2. Three times more billionaires have degrees in the arts than billionaires who have either a degree in math or a degree in science
  3. The average age of the billionaires in Approved Index's survey is 68
So, what college degree will make you rich? Perhaps no college degree at all. Here's the exact breakdown of the world's 100 wealthiest people according to Approved Index:
  1. 32% No college degree
  2. 22% Engineering
  3. 12% Business
  4. 10% Other
  5. 9% Arts
  6. 8% Economics
  7. 3% Finance
  8. 2% Science
  9. 2% Mathematics
"These findings undoubtedly add a new dimension to the debate about the relevance and value of a degree today, and certainly suggests that in order to have a thriving and diverse economy, we need to encourage a varied range of specializations," says Amy Catlow, a director at Approved Index.
Now, if all you're looking for is a job offer and not necessarily billionaire status, the National Association for Colleges and Employers (NACE) has compiled a list of the academic majors most likely to get at least one job offer by the time graduation day rolls around. Here, in rank order, are the top 10:
  1. Computer science
  2. Economics
  3. Accounting
  4. Engineering
  5. Business administration
  6. Sociology/social work
  7. Mathematics/statistics
  8. Psychology
  9. History/political science
  10. Healthcare


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