The Most Popular College Majors For America’s Billionaires | Forbes
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- čas přidán 2. 11. 2021
- Dallas Mavericks owner Mark Cuban took night classes at the University of Pittsburgh as a high school junior when he wasn’t allowed to take an economics class for high school seniors.
At Indiana University, Cuban says he took MBA classes as a freshman until school officials “pushed him back to undergrad” when they realized he was 18 and “had never applied to be there.” He eventually graduated with a general business degree.
Others who were business majors include Oracle of Omaha Warren Buffett, Salesforce’s Marc Benioff and Walmart heir Jim Walton.
That makes it the most popular undergraduate degree of America’s richest, but only by a slim margin - economics and engineering ranked a close second and third. Fifty-eight Forbes 400 members majored in economics. The field’s wealthiest alumni include hedge fund investor, New York Mets owner and University of Pennsylvania grad Steve Cohen; the bitcoin billionaire twins Cameron and Tyler Winklevoss, who rowed crew at Harvard; and Charles Schwab, founder of the eponymous brokerage firm. Schwab overcame his dyslexia to graduate from Stanford. And 55 chose engineering, including former New York City mayor Michael Bloomberg and former Google CEO Eric Schmidt. Amazon’s Jeff Bezos, who topped this year’s list, studied both engineering and computer science.
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If something works for someone it doesn't automatically guarantee that it will also work for you.
Yeah we only see the success stories
Last I checked, the distribution of college majors on this list is a factual statement. If you want to project that this video is telling you what to do to be successful, thats fine, just understand that its a projection coming from you, not from the video.
@@darylallen2485 hey! I get your point and also understand what you're saying, but my comment is for someone who might be thinking in similar way as me. I'm not sure about your country but from where I come, it's often the case that people see what's working for someone and they try to do that or study that course or replicate many other stuff. It's just a general realisation I've gotten that I wanted to share.
@@darylallen2485 Chill
@@MrMinevision1 🥶
65 Business
58 Economics
55 Engineering
22 Politics & Government
18 Mathematics
Basically if you don’t major in anything related to STEM you should just go and off yourself.
Computer Science is still an emerging field. In 20-30 years this list is going to look a lot different
Yep. My college didn’t even offer CS until like 15 years ago
That is absolutely true. Ambitious and successful people's choice of majors is somewhat shaped by the culture when they are young. The current batch of Forbes top list grew up as the generations before the 2007 Financial Crisis. Back then, people saw success in finance on Wall Street, and being the money mover is the cool thing. That is why majors like Economics, Finance, and Business, etc, were super popular. Now the culture is to reward creators and innovators. CS majors are taking over; and majors like Economics, Finance, and Business are shrinking.
@@pizzadoe7922 i think focusing on making yourself better is going to be a better option tbh. A major doesn’t dictate who you are and what you will accomplish only you can for yourself right.
@Placeholder
I completely agree, computers aren’t going anywhere. Having the knowledge of their limitations and how they operate is unbelievably useful.
I think in the past CS was divided between the mathematics department and electrical engineering. Even today most CS is within the college of engineering under the EE wing. My alma mater had the College of Electrical Engineering and Computer Science for example.
But as others mentioned, CS being its own standalone degree is relatively recent. Many of these billionaires had degrees in what we would now consider having significant overlap with CS, like Jeff Bezos for example with his EE degree.
No "a good coder can't run a company"
So the rule of thumb is: when you'e born in a rich family your chances of getting richer gets exponentially bigger
Yea it’s the Matthew principle in economics. To those who have, will be given more, and to those who don’t have, what they do have will be taken from them.
it’s called capitalism
It’s called the higher you are to the top, the closer you’ll be. It’s basic knowledge.
@@spoopyscaryskelebones3846 ok xqcL
Tf r rich kids supposed to do? Get poorer lmao
That’s because many of the dropouts are computer Science majors
True, probably because CS is a field where you don't actually to finish the degree to have the skills to be successful, as opposed to engineering where you won't get a job without a degree and it's far more difficult to enter with a startup.
That’s actually really cool - going to MBA courses as a Freshman.
wasting ur time with mba
@@mspainwhy
@@kingkai2800 cause everyone with mba's think that after college they can just parachute their way down as a leader into a company that they have no experience in, even elon musk said that.
I already have done that lol... it was a good experience.
@redg2197elon doesn't actually have a degree. He's a fraud and the fact that people actually think he's an engineer is a testament to how gullible most people are. He's a delusional egomaniac and his businesses are destined to crash
Engineering and MBA’s comes to mind before watching
problem solving not analysis
polymaths
@@stachowi analysis is part of the problem solving
If you think about it, these majors are very popular regardless of entrepreneurs there are, these two whenever you apply are competitive degrees with thousands of applicants, but thats they're pretty usefull
Economics, Business are always BEST things to do! They are highly versatile combines everything from psychology to law, from politics to technology etc and applies in real world.
haha
Lmfaoooo not really. I can literally run laps in the fields of Psych, Sociology and CJ if the person only studied business. They would be lost 😂
And lastly, they'll suck at understanding how people truly think/behave
@@d.minaru7707no field of study ever teaches how people ‘truly’ think. The best we have is approximations via statistics, and in the few cases of philosophy and economics, via mathematical models.
@@d.minaru7707 in your dreams... understanding human behaviour is one of the most complex things and besides psych/socio students themselves, business students are experts at it!
Now tell the majors of *self-made* billionaires not all billionaires
@Nathan Hoffman keep crying
@@askeladden450 bro unlike in movies it is the sad reality a very few actually make it .
@@Mogalana251 yes ofc very few make it. wouldn't be so special if everyone was a billionaire. but it ain't right to just sweep aside the accomplishment of those very few who DO make it, just to make yourself feel better about yourself.
Forbes reported that their top 400 consists of 68% self made billionaires. Look it up.
@@nislaav6712 Link?
Engineering will ALWAYS be best. Engineering is not a pure science. It’s about multi disciplinary problem solving. Science, law, economics, psychology, etc. Just like real life.
yes
Engineering for Bachelors and MBA for Masters
Even though I am an accounting major, I agree with this. Engineering is the best major you can get.
Thats why Elon Musks BSc is in Physics right?
Awe :( I’m sad now. I’m learning computer science.
Political science
Economics
Computer science
Bussiness degree
MBA degree
Engineering
Math degree
General bussiness degree
I wonder how many of those inherited wealth, as in their parents pushed them into a basic business degree. just food for thought
You can search that yourself online. Most millionaires are self made meaning they didn't inherent it.
@@hadi8699 ion know about that one bro, doesn’t mean there isn’t a plethora of self made millionaires but they would be far from the majority
Look at the stats instead of being dumb more than 80 Percent of billionaires are self made
@@d.jmamba7237 we talking millionaires 🤦♂️
Take five minutes to read the list. A lot of people inherited wealth but the B.S. in B.A. does well in traditional industries.
I think the whole “college is useless” thing most entrepreneurs sell isn’t true. It all depends on where you go, in state vs out of state, and if you major in something useful.
What do you think , we can have doctors without medical school , engineers without college education , lawyers without law schools ,
Pretty much everything these "successful " people say is bullshit , waking up at 4 am is bullshit , their quotes are bullshit
Also many of the billionaires mentioned who dropped out were far from being bad students, they just had the skills and ideas to make it big so early that it finishing their degrees would be more of a burden than a plus because of the time it would take away from working on their businesses.
@@hadhamalnam exactly! Someone with no creativity should definitely stay in education. Then they’ll have useful skills and make something out of it, or not :)
"College is useless" *hires mostly college graduates*
I’m not surprised. I’m a political science major, about to receive my Bachelor’s. I decided years ago that if I love what I do, I don’t have to be rich because I don’t need all that money. All I want is a good relationship with God, to help people and for myself and my family to live comfortably. I made peace with that possible reality.
You have a great outlook on life.
Thank you, I try to be optimistic during these times.
That will take you far in life young lady.
That’s good. The world needs more people like you . Have a great day/night
Get the bag, sis
It’s really intelligence acceptance. Someone who doesn’t understand military will find out the hard way
Mark Zucks studied Computer science and psychology before he dropped out. And guess what, computer science is part of Engineering. Thats where software engineering, artificial intelligence, machine learning came from
exactly
AI, ML is maths. And a lot of fields borrow. To call ML computer science is such an insult to mathematicians, statisticians and social scientists who have a deeper understanding of these concepts than your typical CS grad
@@NnamdiNw it’s obvious you didn’t understood my exact words.
@@NnamdiNw dude you’re trying way to hard to sound pretentious for no reason. Whether you like it or not ML/AI generally falls under Computer Science. Grow up a bit.
@@shadowspade7589 If that’s what you think you have a lot more learning to do 😂😂😂
Economics for the win, Graduated with my Econ degree in December 2022 🎉
With that being said, make sure to take extra classes in stats, math, and computer programming to be competitive out here 😅
Or graduate with a CS degree, so you already are an expert in stats, maths and programming, and self study economics.
@@McFlashh lol you said opposite. CS is useless, anyone can learn programming, you can't learn economics without degree and also, financial/govt industry requires Econ degree but in tech, you don't need CS degree.
@@McFlashh Econ majors are already experts at starts, maths etc.
"Believe in yourself. You are braver than you think, more talented than you know, and capable of more than you imagine."✊✊💪💪
Says a spammer trying to revive a dead channel
Man I really want to believe this but in my college classes I feel like a bag of rocks, more specifically Patric Star's pet rock :(
Good insight. 'Appreciated info.
It makes sense but I would say in the future by comp sign engineering will be in higher numbers, many of these people didn't hit billionaire status until decades after they graduated so given the trends of the 21st century that change will come the next few years
Your CS degree isn’t what causes you to be a billionaire.
Exactly, CS and MBA are becoming really common these days and soon their labour will become cheap. Your salary will be low unless you are extremely good at it...
Software and electrical engineering are TECH/STEM degrees. Overworked interns should be sent home, not made to put up garbage on the internet. You guys are turning into buzzfeed...
You better give us a list of top 10 best business/economic colleges
Wow this is soo unexpected for billionaires to have business backgrounds... Forbes coming in with such revelations is amazing keep it up ❤️
If anyone's reading this don't just go by this list and select your major. Think about what you like the most and what kind of work will you be doing after it and whether you like it or not and whether you will be able to do it or not.
To be fair even those in tech don't have CS degrees. Stack overflow study showed only 36% of them had CS degrees. Most tech people I know majored in engineering, physics or Math. A few others came from philosophy. Some were drop outs. This was the case before bootcamps became a thing.
That's true. However, its striking how many tech companies start and succeed based on some Computer Science PhD Stanford grads who started a company in the valley. Cisco, VMware, Google just to name a few. Its a long list. Interesting that the PhD nerds get removed from the company once the big money starts coming in.
Are you sure you have read that survey?
czcams.com/video/h-grthPvpB0/video.html
@@darylallen2485 Watch the video on my previous comment
@@dabneycarr9503 it wasn't the 2020 study. I think 2016. I read it a few years ago.
@@darylallen2485 PhD? That's interesting. I thought the majority dropped out of undergrad.
Lots of things come from computer engineering e.g Machine learning, artificial intelligence, software engineering to mention a few. Computer science is required in some engineering fields. So do not undermine Computer science. Even Bill gates took a graduate level Computer science
The degree will be oversaturated soon
@redg2197 nah, not really, people just want to grab the computer science badge and not pursue the academic side of it, people will just prioritize the money dude
Incredible person reading this, go after what it is that you want in life! Learn the skills, do whatever it takes! You are capable of anything! I believe in you! ✨
Love - Nat ❤️
Congratulations on your 1k Subscribers 🥳🥳 Madam
Forbes I am 18 I will be on the list within max of 10 years
Reserve a place for me thanku
From doing what
I to am on the way see you there at the top
I think a lot of computer science majors are too young to become billionaires yet. Moreover, computer science pays well but there aren't that many who become extremely wealth compared to public perception
Although they may not take computer science as their major many of them know how to code
Oh, geez, good to know. Have my degree, just have to wait for the billions now
Undergraduates don't usually major in general business, rather something more specific like finance, management, or accounting. Similarly, engineering majors are usually something more specific like electrical engineering or mechanical engineering. Once that is accounted for, economics is the most common specific major among billionaires.
I’m working on getting business admin undergraduate. I will pick a specific field later for mba program.
The problem is this is pre internet and this was the only way to get information.
I’ll be an economics major
If I remember correctly the reason why the engineering is so popular is mostly because it's actually a collection of a bunch of other degrees. A lot of schools don't just have an engineering degree; rather, they'll have a school of engineering where you can major in mechanical engineering, chemical engineering, and so on.
You should've weighed these by the number of students per major--
e.g. There are around 390,000 business degrees per year
There are around 30,000 math degrees per year
That's a ratio of 13
(390,000/30,000) * 18 / 65 = 3.4
So a given math student is 3.4 times more likely to be on this list than a business student
Numbers aren't exact but you get the point.
Math is a useless degree simply they become school teachers lol. On the other hand, business is the best thing someone can do, lots of career options, can go in any industry they want, high paying jobs plus the only degree which teach you everything about real world.
It'll be really interesting what new majors will appear within the next 20+ years.
Computer science, Business , Economics, Engineering
I'm glad I double major in Mathematics and Economics
When it comes to double majoring, does that mean you take more subjects or need to sacrifice some subjects from both majors where you can still get the best of both worlds? Hoho tq
When I spoke about it to my lecturer, she thought I was talking about pursuing two degrees, one after another 🤣
@@dria7387 I do take more courses than if I were only have one major. I took courses that are required to fulfill both math and economics degree requirements. And no you don’t sacrifice subjects from both major unless they’re closely related. Like Econ, you have to take some math courses for Econ but since I also major in math and I already took those so I don’t have to take it again
@@dria7387 Double major doesn’t mean you gonna have 2 degrees. But most of colleges has dual degrees programs
@@itsparkkyo9951 Excellent
Some of the stock footage is an insult to our sensibilities. If you're an Engineer, you'll know.
probably because people who work in science dont want the hassle or unethical undertones of becoming and/or being a billionaire
Or the business and economics grads understand how to accumulate enough wealth to be a hoarding dragon.
I mean they are just motivated by different things. People who choose science degrees are motivated by love for the field and desire to research, while those who become billionaires are motivated to grow their businesses.
Fintech and Financial Tech too
Does that mean my gender studies degree will not make me a billionaire?
No, but it will land you a cushy job at one of their companies, managing the ones majoring in engineering
Pave your own path.
Guessed economics and engineering.
polymaths
Love that mark went to grad school before undergrad
The thumbnail looked a lot like Toby Maguire
look how this dudes don't pronounce the word physics
I'm studying economics and politics lol
Lol
Get the bag, bruh
econ maths cs here
@@mankind8807 wagie get in cagie
My most favorite things...
I really hope that people don't choose thise careers only because they want to be rich... that's a good way to end up unhappy
What if I'm a Computer Engineer?
They are mostly rich because of tech and it is thanks to Computer Science which is literally engineering.
Read the list. That is not true at all. A lot made it in real estate, sales of investments, venture capital, etc.
@@DrJohnnyJ Okay, fair enough let's consider top 10 then.
1. Elon Musk: 304 B (Tech)
2. Jeff Bezos: 201 B (Tech)
3. Bernadr Arnault & family: 195 B (Not Tech)
4. Bill Gates: 138 B (Tech)
5. Larry Ellison: 130 B (Tech)
6. Larry Page: 127 B (Tech)
7. Sergey Brin: 124 B (Tech)
8. Mark Zuckerberg: 121 B (Tech)
9. Steve Ballmer: 106 B (Tech)
.
.
.
This doen't mean that it is all earned in tech. But it's all because of Tech...
@@omerfarukmerey
don't forget that tech sector is in huge bubble (in terms of stocks valuation) from 2009 till now....wait untill the interest rates are raised and you will see a big chunk of those paper values evaporate....but that doesn't mean that the tech sector is not a valuable one.
tech and finance.
My pumpkin patch went to college
That's because most billionaires are in their 50s and back then CS degrees was considered to be comparable with an art degree.
Peter Theil (Co-founder of paypal) mentioned this in his book "Zero to one".
Ok so, what kind of industries do u think worth to involve???
@@mkhodadadi7714 Some engineering degrees combined (E.g CS or software engineering) with an economics degree at the same time in a reputable college typically grants you extremely high positions in tech firms.
Otherwise the good old medschool will do the trick if you're willing to just do it for the salary.
@@themonsterswe I don't even think you need an additional econ or finance degree. Just earn an engineering degree and learn about business and economics through books and online courses and get finance skils on your own. That should do the trick.
@@samuraijosh1595 Opposite is better.
@@nycto16 i get what youre trying to say, but a finance degree isn't worth as much as an engineering degree.
Law?
Engineering in my opinion is the best, because you get to learn how to learn (how machines work, and develop solutions)
But it's hard af
Lol just because those billionaires chose that specific major doesn’t mean that you’ll become one too. If that was the case, there would be millions of billionaires roaming the world but obviously that’s not the case. However on a realistic standpoint, if you want a major that will make you wealthy, at least in 7-10 years of your career, you should major in STEM. Computer Science, Engineering, Healthcare, and Sciences.
CS students are seething in the comments right now that their major isn’t actually that useful
there's too much competition in CS major, A couple months ago I wanted to take CS for college then I changed my mind.
No math and statistics majors lol guess I’m screwed
What about to to college for finance
There's alot of statistical bias and variables lost along the way. The world is forever changing and evolving and if your metric for what makes a successful billionaire is a group of 40 year olds and older then your obviously excluding so many emerging fields, growing economies and educations around the globe.
Give it few decades when today's 18 year old freshmen become the next billionaires
Ik y’all didn’t just include Melinda on that picture w/ out Bill Gates lol
Audio is terrible, can barely hear what they guy is saying
I was an economics major. I’m not rich, but well off. Currently 36 with $400k net worth.
Just graduated with an Econ degree. If you don’t mind me asking, what do you do?
@@ksjb85 I used to be a project coordinator. Now I'm a web developer. I invest on the side. That's actually how I made most of my money. The only advice I can give you is save every dollar you can while you're young. Every dollar you save doubles in 7 years on average from compound interest over 10 years. I invested in real estate for that money, but index funds do almost as well. Dollar cost average into it.
@@ksjb85master machine learning and econometrics
First view first comment. I'll be joining Forbes soon! Just you wait!
Manifest it baby😆
All the best
@Allanco good luck man! As long as you set your mind to it, you can do it. Also take advantage of any opportunity that comes by. A lot of these guys got there by luck, but also by seeing the opportunities. Don’t let them pass you by.
Computer Science is Engineering
Computer engineering is engineering not Bsc or computer science... Unless ur learning fourier maths, hardcore electronics and microprocessor with ALP there is no way computer science can be considered as engineering
Computer science is more closer to Mathematics if anything
@@daboss6614 u mean discrete mathematics... Yeah sure... My point is hardware and electronics are not taught in computer science whereas in computer engineering its taught in depth
computer science in colleges are usually (not always) in the college of Liberal Arts rather than the college of engineering which is why they made the distinction.
I was proud of CS degree in an engineering university where most of the Engineers graduates are jobless but I am making a handsome amount before I am about to be graduate, but the comment section is Silly about CS I will still considered CS as an engineering major because I have experienced both and planning to complete my Master in Engineering so I don't have to see these comments disappoint me again (sorry for the English because programmer don't mind it)
> Be me
> Do computer science
> Expect to see it in this video
> The fist thing they say is that it is not in the list
> Cry
The practical side of CS is basically engineering... software engineers, developers, software architects, etc- all of them "engineer" stuff with their programming skills toolkit. You'll have the same or probably better problem solving skills than a traditional engineer like electrical engineer or mechanical engineer.
Computer Science Major
Let’s not kid ourselves, both Zuckerberg and Gates dropped out of Harvard of all places. Ellison left U-Chicago, so pretty decent places to be dropping out of.
Exactly, they are not just random draws from the population. Prime example of sample selection
Billionaires are billionaires because most of them are exceptionally entrepreneurial to begin with and they worked their butts off to get to where they are today. Luck plays a critical role in their success as well. So... 99.99% of others who major in the 3 subjects won't make billionaires. Don't get your hopes up.
Like damn that's crazy... Didn't want to know tho
Engineering and business are not one field. There are many engineering fields and many business fields. As for computer science, it is one field. Therefore, if you compare those who studied computer science with those who studied industrial engineering, your words will be statistically accurate, but you compared dozens of majors with one specialization, and this is not fair from a statistical point of view. And I think if you compare the field of computer science with every field, it will be one of the best fields.
elon musk : get listed on forbes as the richest
random saudi prince : look at this gold pointy rocket 💀
but the average business major is cleaning bathrooms...Business degrees are a joke
Engineering is what unemployed people do, CS the most useless and joke degree.
Waiting for AI to take jobs.
No one did accounting?
:(
accounting is part of business
People that wealthy can major in whatever they want.
Not sure what you're saying. Anyone can select their Major. If you're referring to generally affording college, there are students that come from low income households in the top universities in the world. They apply for scholarships, government student aid , and work part time jobs. Doesn't even have to be a fancy University. Masters is way more difficult and expensive but many students end up not paying anything at all for a Bachelors!
@@Atlas92936 my point was that billionaires don't need to care about the marketability of their degrees; they can just study whatever they feel like.
But they weren't billionaires when they were studying are people really this dumb nowadays
@@d.jmamba7237 how do you know they weren't? Chances are, they come from a wealthy family in the first place.
i see no gender studies up there tho
acumular dinero para que otros pasen hambre???💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩
What branch of engineering ?? Engineering is so vast that it's hard to generalise.
I could guess... Electrical and Mechanical mostly.
i am a social and gender studies engineer
CS
@@analara9872 Lol
@@starguy2718 space race is an overhyped myth
lol computer science is engineering but ok
It’s completely different…
@@apprentice_jedi knowing that I'm a comp sci major in a college of engineering you sound quite silly!
It depends on where you live. In India, CS (B.Sc. Computer Science) is considered a pure science degree and not engineering, with B.Tech CSE being the engineering equivalent. They're completely different degrees.
@@joeljayakaran "America's Billionaires" "Forbes". My case is done
@@RobotChad The same format is followed in America, it's just that the names of the degrees are different. BS. Computer Science is the pure science degree and Bachelors in Computer Science Engineering is the Engineering degree. BS (CS) grads are technically capable of taking up engineering positions as well, but the field of study itself doesn't come under engineering. However, a Bachelors in Computer Science Engineering from somewhere like MIT is considered an Engineering degree.
Top 7 richest people in America:
1. Jeff Bezos (Princeton) -- Computer Science + Electrical Engineering
2. Elon Musk (Stanford + UPenn) -- Physics + Econ
3. Mark Zuckerberg (Harvard) -- Computer Science
4. Bill Gates (Harvard) -- Computer Science
5. Larry Page (Stanford) -- Computer Engineering
6. Sergey Brin (Stanford) -- Computer Science + Math
7. Larry Ellison (UChicago) -- Physics + Math
Elon Musk is richer than Jeff Bezos now
Larry Ellison dropped out of school, bill gates was studying pre law Elon musk attended Stanford for a day, mark Zuckerberg studied psychology and took a few Cs classes Information can be so misleading if you don't do your own research
All college educated. Huh, guess college isn’t useless after all.
*Mark Zuckerberg -- Psychology (major) + Computer Science (minor).
not a medical degree in sight 💀
Economics awwww yeahhhh
The best Major of all time
is finance consdered a business major? ( im not american)
yes
y no les dá verguenza???
For what?
Computer Sciences
Engineering Studies
Economics
Business Degree
MBA
Two words Bayes Theorem
Interesting that you should mention Bayes.
Interesting, what do you mean?
@@Economically. bayes theorem, essentially, says that the probabilities of a given b is the result of the following expression
(probability of b given a * probability of a)/probability of b
i think what he's trying to say is that just because you major is business, doesn't mean you'll be rich
@@kehana2908 Thanks for your explanation. So basically, because there are more business majors it means that there would be more billionaires that study business?
Engineering!
god these bots in the comment section are awful
Yeah but which business major? Accounting, Finance, Marketing......?
All business majors are amazing and worth doing specially these three you mentioned, add supply chain too.
I wonder why Warren Buffet, who earned his degree in 1951, doesn't have a computer science degree?
because CS is useless lol. He studied Business/Marketing for undergrad and Economics/Finance for masters.
Why should I go into IT, if all the jobs are in the most expensive cities in the world. They all make 100k and pay 60k in rent alone.
No medicine😢?
No one in doctors
The title itself stinks of biases and fallacious thinking. Rich people study, what rich parents consider important, that's it.
Just born rich if you wanna be the next billionaire after bezos and musk, majors had nothing to do with their "success"
Skizzy as well 🤑💸💵💲💰