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A Ranking of Billionaire-making Universities
A new global ranking of prestige (and also real money!) for universities has come out: How many billionaires does your alma mater produce? According to the Wealth-X and UBS Billion2014, the top 20 billionaire-makers are as follows:Rank Institution Country Billionaire Undergraduate Alumni 1 UniversityofPennsylvania United States 25 2 HarvardUniversity United States 22 3 YaleUniversity United States 20 4 UniversityofSouthernCalifornia United States 16 5 PrincetonUniversity United States 14 6 CornellUniversity United States 14 7 StanfordUniversity United States 14 8 UniversityofCalifornia, Berkeley United States 12 9 University Of Mumbai India 12 10 LondonSchoolofEconomicsandPoliticalScience United Kingdom 11 11 LomonosovMoscowStateUniversity Russia 11 12 UniversityofTexas United States 10 13 DartmouthCollege United States 10 14 UniversityofMichigan United States 10 15 NewYorkUniversity United States 9 16 DukeUniversity United States 9 17 ColumbiaUniversity United States 8 18 BrownUniversity United States 8 19 MassachusettsInstituteofTechnology United States 7 20 ETHZürich Switzerland 6
A couple of interesting questions come up in my reading this report:1. Even though the majority of billionaires hold at least a bachelor’s degree, a whopping 35% don’t! It would be interesting to look at the background of these who don’t have even a bachelor’s degree. Are they inheritors of big fortune (it seems unlikely that billionaire families don’t send their kids to college)? Are they dwelling in developing countries where college education is not essential in making a fortune?2. The above list is just about the undergraduate institutions bringing about billionaires, but 21% billionaires hold a MBA, and 11% hold a PhD. So if the business schools are counted, Harvard, University of Pennsylvania, Stanford, Yale etc will be more dominant. And a surprising fact is that top liberal arts colleges like Amherst, Williams, Swarthmore etc don’t make it into the list. Already, on the above list, American universities hold the top 8 and occupy 16 spots, leaving one spot for each of the four other countries: India, the UK, Russia, and Switzerland (and as the article said, “This is not simply because the US has more billionaires resident than any other country - more than a quarter of the billionaire graduates who obtained their bachelor’s degrees from these top US institutions born outside of the United States”). Obviously, the top American universities stand out once more!3. Yesterday Warner’s lunch talk was about “Young Entrepreneur Academy” (YEA), an initiative having been put into successful operation for a decade by University of Rochester. Some of the young entrepreneurs are indeed very impressive. Entrepreneurship has become a popular even cool thing, and combined with the best side of American education---encouraging creativity and innovation, this entrepreneurial tide will surely keep expanding. At the same time, I am wondering whether it’s the case that the more education one has, the less entrepreneurial one becomes. In terms of logic, in this era of knowledge economy, those with the deepest knowledge should be more successful also in business. But the fact is that many PhD’s have never thought of being an entrepreneur. I’d like to have a try during my study period or after graduation!
ReferencePARR, C. Top 20 universities for producing billionaires. Times Higher Education, 20 NOVEMBER 2014. Retrieved from http://www.timeshighereducation.co.uk/news/top-20-universities-for-producing-billionaires/2017097.article
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