If you want to be a millionaire, then it may help to know the subjects you should not be choosing as your college major.
Researchers analyzed educational backgrounds to discover the most popular undergraduate and postgraduate degrees among thousands of millionaires.
Researchers analyzed educational backgrounds to discover the most popular undergraduate and postgraduate degrees among thousands of millionaires.
And while there is little surprise at the most common college majors, the results at the other end of the spectrum provide food for thought for those still weighing up their options.
At the bottom of the heap is philosophy, taken by fewer than one per cent of millionaires, reinforcing the stereotype of philosophy students as men and women of thought and not action.
Marginally ahead are psychology and biology, with marketing and history also among the least popular.
More unexpectedly, physics and chemistry are also badly represented among millionaires, belying attempts to increase the number of science undergraduates with promise of the riches to come.
Medicine is also not the subject to take if making serious money is your thing. While medics are paid well compared with the average wage, only rarely are the rewards high enough to catapult them into the ranks of the really wealthy, and even then it is more likely to be through an offshoot of their primary role as a doctor.
Researches at WealthInsight analyzed data on over 100,000 high net worth individuals (HNWIs) – those with assets of $1 million or more, excluding their primary home – to come up with the list of most popular degree courses.
Vocational subjects produced the most millionaires, and the more academic subjects the least.
The MBA topped the list, taken by 12% or around one in eight of all millionaires. From its roots as a niche qualification that marked an individual out for rapid promotion, it is now virtually compulsory for any aspiring executive.
At the bottom of the heap is philosophy, taken by fewer than one per cent of millionaires, reinforcing the stereotype of philosophy students as men and women of thought and not action.
Marginally ahead are psychology and biology, with marketing and history also among the least popular.
More unexpectedly, physics and chemistry are also badly represented among millionaires, belying attempts to increase the number of science undergraduates with promise of the riches to come.
Medicine is also not the subject to take if making serious money is your thing. While medics are paid well compared with the average wage, only rarely are the rewards high enough to catapult them into the ranks of the really wealthy, and even then it is more likely to be through an offshoot of their primary role as a doctor.
Researches at WealthInsight analyzed data on over 100,000 high net worth individuals (HNWIs) – those with assets of $1 million or more, excluding their primary home – to come up with the list of most popular degree courses.
Vocational subjects produced the most millionaires, and the more academic subjects the least.
The MBA topped the list, taken by 12% or around one in eight of all millionaires. From its roots as a niche qualification that marked an individual out for rapid promotion, it is now virtually compulsory for any aspiring executive.
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