Top 20 universities in the world for producing millionaires

[Anonymous]

Perhaps unsurprisingly, of those top 20 colleges and universities that have produced the most millionaires, 17 are based in the United States, courtesy of data research firm WealthInsight and news site Verdict. The other three, Oxford, Cambridge, and University of London, are in the UK. Six of the top 20 millionaire-producing education institutions are Ivy League universities: Harvard, UPenn, Columbia, Cornell, Yale, and Princeton.

1.Harvard University — US
2.Stanford University — US
3.University of Pennsylvania — US
4.Columbia University — US
5.Oxford University – UK
6.MIT — US
7.New York University — US
8.Cambridge University – UK
9.Northwestern University — US
10.University of Chicago — US
11.University of Michigan — US
12.University of Texas, Austin — US
13.Cornell University — US
14.Yale University — US
15.University of California, Berkeley — US
16.Southern California University — US
17.Princeton University — US
18.University of California, Los Angeles — US
19.University of Virginia — US
20.University of London (UCL/LSE) — UK

http://ceoworld.biz/2017/09/26/ranked-top-20-colleges-and-universities-in-the-world-for-producing-millionaires/

[Anonymous]

God help us all if that is our goal in educating people.

[Anonymous]

How did UVA get on this list?

[Anonymous]

Money begets money. How many of these millionaires out at the bottom or middle?

[Anonymous]

Looks like this will track pretty precisely with both the number of 1-percenters admitted + the number of legacies admitted. Rich people breeding rich people, whiling away 4 years at frat parties and spending summers interning with daddy's friends. It's the 1950s all over again. Yawn.

[Anonymous]

Why don't they have instead a ranking of how many of their graduates go into professions that help fellow mankind and the world? All these are probably people in finance, hedge funds, private equity, etc.

[Anonymous]

Anonymous wrote:Looks like this will track pretty precisely with both the number of 1-percenters admitted + the number of legacies admitted. Rich people breeding rich people, whiling away 4 years at frat parties and spending summers interning with daddy's friends. It's the 1950s all over again. Yawn.

There are 5 public universities on the list.

[Anonymous]

Anonymous wrote:God help us all if that is our goal in educating people.

Thanks. I was starting to think i was the only one.

[Anonymous]

Millionaire by what age?

[Anonymous]

Anonymous wrote:Millionaire by what age?

^^and what's the definition of "millionaire"?

[Anonymous]

I don't think it's necessarily going to the highly rated school that "produces" a millionaire (although connections certainly help), I think it's being the kind of person who gets accepted to an Ivy or other high-ranking school also is the profile of the kind of person who turns into a millionaire. From family background to education to inherent IQ/smarts to ability to navigate the "system" of the world... all those both make you more likely to get into a good school and to become a millionaire.

I say that as someone that was accepted to an Ivy but went to a relatively unknown state school (not on the list). Millionaire at 32 years old, not from any particular great contribution to the world, just from knowing how to work the system of the working world and be smart with my money.

[Anonymous]

These sorts of studies are also highly biased based on how they get their sample population. They might be combing through a particular wealth management company's database, and assume that it's a representative sample of all "millionaires." But there's a huge sampling bias in there.

[Anonymous]

Interesting that engineering is the top field of study for producing millionaires, across all the universities.

[Anonymous]

This obviously skews toward larger universities. I'd be interested to see it as a % of total graduates, although I'm sure Ivies might still rank there, but there would be more SLACs as well I would think.

[Anonymous]

Anonymous wrote:How did UVA get on this list?

What year were you rejected?