Engineering Most Popular Degree Among Millionaires

Here is an interesting article.  If you follow the link at the bottom for the rest of the article, it goes on to say that most engineering millionaires made their fortunes as entrepreneurs. 

Engineering Most Popular Degree Among Millionaires

Posted on November 18, 2013 by admin

by Marc Howefrom Sourceable 14th November 2013

A new survey has found that an engineering background produces more millionaires than any other form of tertiary instruction.

The survey, conducted by wealth management publication Spear’s and consulting firm WealthInsight, found that engineering was the most popular degree amongst the world’s millionaires, beating out even MBAs and computer science and finance degrees.

MBAs came in second after engineering, with economics, law and business administration degrees rounding out the top five. While engineering was at the top of the list, the only other STEM subject represented in the top 10 was computer science, logging in at number eight.

Other disciplines common among the world’s millionaires included commerce, accounting, politics and finance.

via Engineering Most Popular Degree Among Millionaires – Australia Wide Personnel.

9 thoughts on “Engineering Most Popular Degree Among Millionaires

  1. Hi professor Anderson. I am a big fan of your blog. After seeing this post, It got me thinking about money, coop, and employment rates. If you are not to busy with the admission, I hope you can make a post about the employment rates of each engineering program in Waterloo (and possibly other school, but I would like to see more of a Waterloo program comparison) in the future. I hope you could include information like employment rate (separated by terms) and when they get employed(this also show additional information on how easy it is to get employed in the program); If possible, I hope you could also indicate the admission average and/or university mark of each class; salaries of the students. Through all of this I hope to see things like how employability changes through out the years for each program (as a first year mechatronics student who is going on coop myself, I have seem low mechanical employment rates in first year, which got raised much more dramatically in upper years). I hope you could use multi-year data (I would love this since I can only access employment data for the last two term) since it could also be use to interpret employability of each profession and where all the smart/talented students are going into. Sorry for such a long and demanding question/comment, but I hope to learn new information that could bought out by all of this. Thank you for all your great post.

    • Those are interesting questions, but mostly outside the scope of admissions, and I don’t have employment and salary data. We should also be very careful when comparing groups like the various programs. People sometimes get very excited about differences (in employment, averages, etc., for example), but when you look at the variance in the data (and the relatively small sample size) the differences are often statistically insignificant. We shouldn’t waste much time and energy on insignificant things, which is why all of our engineering programs have at least one course in statistical analysis so that people can figure out what is meaningful and what is just random “noise”.

  2. Hello, Professor Anderson!

    I really enjoy reading your miscellaneous engineering-related posts and your great admission information and advice (thanks!). I have a question regarding the Admission Information Form (I know it would be more relevant to post the question on your article about it, but this is the latest article you’ve posted so I assumed that you would read comments made here).

    Under the section Courses, it says “Note: The Course Name box below allows only 8 characters. Please use appropriate course codes when available eg. ENG4U, ENGL12, 603ENG,ENGLAP, ENGLIB. The Level box below should indicate U or M, AP, IB, AL (A-Lelel) or CEGEP, etc.”

    I am currently doing IB classes. So, under the Course Name should I write, for example, “CHEMIB”, and under the Level column “HL” (Higher Level)? Or should I write “CHEM HL” under the Course Name and “IB” under the Level column?

    Thank you!

  3. Greetings Professor,

    Thank you for taking your time to ease our concerns and provide us with this amazing perspective; I’m sure your time is extremely valuable and so I appreciate your work even more.

    I have been wondering, for a long period now, how major the consequence of taking summer school is? I have fast tracked math in grade 10 and so I was able to take advance functions in the summer between grades 10 and 11; due to having free time in summer. In addition, due to fast tracking, I have taken grade 12 English and calculus in my grade 11 year. So you may have realized I have a lower work load, is that a negative. Is it a positive I have finished most of the required courses, in advance?

    Thanks in advance,

  4. Filling out the course information on my AIF for question 2 Courses Prior to Fall 2013, do I need to list my IB courses again because I already added them under current courses. Also, I haven’t taken CHEM IB but I took and completed regular BC Chem 11 and 12 courses, when I add this under question 2 Courses Prior to Fall 2013 (completed before end of August 2013) what do write under *course level?

  5. That’s nice and all, but of course more engineering graduates are going to be millionaires. A million is nothing. If engineers have a higher median salary, of course through saving they can reach a million faster. I want to know the percentage of people with an MBA above the 30 million level. Then compare that to engineering. Then decide what constitutes as financially wealthy. Anyone can be a millionaire. Tell me about the billionaires. Other than that, everyone who makes 70 000 a year has approximately the same happiness level. Just food for thinking.


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