Many high school graduates and college undergrads are searching for what they want to major in. They want something they will enjoy but they also want to earn a degree in a field that will offer the best perspective for impending careers. It could be beneficial to know which college major makes the most millionaires and billionaires.
College costs a lot. It consumes two of your most precious resources: time and money. Not all college majors are created equal, some are more valuable than others. You’d be wise to focus on a degree that some of the richest people in the world have. Having an edge over others can make you slightly more advantageous putting you in a better position. “Be quick to take advantage of an advantage”. H. Jackson Brown Jr.
If you’ve been looking for a college major that has the potential to turn you into a millionaire or even a billionaire, keep reading.
What Should You Study If You Want To Join The Millionaire Or Billionaire Club
According to a study on the educational background of the billionaires on the Forbes list of, The Richest People In The World, engineering was the most common college major that makes the most millionaires and billionaires. This isn’t coincidental, some random variable. There is a reason why some of the richest people share a common degree. For this reason, it might be a major you should look into.
Below are some of the wealthiest people who went to college and majored in engineering.
- Jeff Bezos, founder of Amazon has Bachelor’s Degree in Electrical Engineering and Computer Science. Net worth: $133 billion.
- Carlos Slims, a Mexican business mogul has a Bachelor’s Degree in Civil Engineering. Net worth: $85 billion.
- Larry Page, co-founder and CEO of Google has a Bachelor’s Degree in Computer Engineering and a Master’s in Computer Science. Net worth: $98 billion.
- Bernard Arnault, CEO of LVMH (Louis Vuitton Moet Hennessy) has a degree in Engineering. Net worth: $72 billion.
- Charles Koch, co-owner and CEO of Koch Industries has a Bachelor’s Degree in General Engineering, a Master’s Degree in Mechanical Engineering, and a Master’s Degree in Chemical Engineering. Net worth: $60 billion.
- Mario Lopez Estrada, Guatemalan business mogul and co-owner of Comcel has a Bachelor’s Degree in Civil Engineering. Net Worth: $1 billion.
- Francis Durman Esquivel, Costa Rician business mogul and president of Manga Rica, Grupo Montecristo, and Yanber Corporation has a Bachelor’s Degree in Mechanical Engineering. Net worth: $400 million.
Engineering Major Has Many Fields Of Study
Engineering is a broad field with many different majors to choose from. Here are some of the most sought-after and highest-paid engineering majors. Computer Engineering, Civil Engineering, Mining Engineering, Mechanical Engineering, Electrical Engineering, Nuclear Engineering, Astronautical Engineering, and Architectural Engineering.
As you can see from the degrees of some of the wealthiest people in the world the fields of study range from Civil Engineering to Computer Engineering. There isn’t one specific degree that stands out. Success can come from any of these degrees. Of course, it’s more than just the engineering degree that has created these millionaires and billionaires.
Traits Of The Rich
They undoubtedly share many other similar characteristics that drove their success and allowed them to become top earners. However, the degree is the stepping stone on their path to fortune. The degree is what they have in common. Fortunately, it’s a degree that you can have too. Perhaps, it could be your stepping stone to becoming rich too.
As I mentioned in, The Top 5 In-Demand College Degrees in 2023, almost all STEM (science, technology, engineering, and math) majors are consistently at or near the top of the list of majors that make the most money. For this reason, STEM subjects are a great choice as they are solid majors that are employable and high earning.
Now that you know the college major that creates the most millionaires and billionaires, you can join their club.
Are you curious as to what degree came in second place? Many millionaires and billionaires hold MBAs. MBA stands for Master of Business Administration. Like engineering, there are many fields of study.
When I was in graduate school, working on my MBA, many of my fellow classmates had undergrad degrees in engineering. I asked many of these classmates why they decided to pursue a master’s program in business rather than engineering. Most students responded the same way. They were already successful in their careers but to move up within their current field to become managers and executives they needed two things. First, they needed a higher degree than everyone else because all their peers also held bachelor’s degrees in engineering. Second, they needed to understand the workings of a business, including basic managerial, accounting, and leadership skills which are the core focus of MBA Programs. Therefore, for these professionals, having both degrees would create double the opportunities and that is where the ultimate success lies.