Many people are looking for degrees that can help them become billionaires and millionaires. When choosing a degree, it is important to understand its career prospects, demand, and how much it pays. And to help you have an understanding of some of the best degrees that can help you become rich, we researched to find out degrees that a majority of billionaires and millionaires have studied.
As such, we are going to provide you with a list of degrees that make the most millionaires and billionaires.
What Degrees Make the Most Millionaires?
Economics is the one degree that makes the most billionaires. Economics teaches one ways to be frugal in their spending and save up money. It teaches one how the financial sector operates and how money works. Economics is the degree that a majority of billionaires have studied. Among these billions include Elon Musk, Warren Buffett, Sheryl Sandberg, and Donald Trump.
Finance is the other best degree to become a billionaire. Finance and Economics are very much related. And just like Economics, a Finance degree instills financial literacy skills like investing, saving, budgeting, etc. It also helps you know how money works and how to invest and grow your money.
Engineering is a broad field with many sub-fields and one can choose a sub-field to concentrate on. At least 22% of the world's billionaires have a degree in Engineering. Some of the include Larry Page, Jeff Bezos, Bernard Arnault, Charles, David Koch, and Michael Bloomberg.
A study in 2014 showed that 56% of Engineers believe at some point in their life they will become millionaires. As such, if you are looking for a degree to study to become a billionaire, then consider Engineering.
4. Computer Science
A huge percentage of billionaires have invested in the technology. Technology has many opportunities and it is one of the best degrees to become a millionaire. With the rise of social media, apps, and eCommerce, the demand for computer scientists is very high. Some of the world's billionaires with a computer science degree include Meta CEO Mark Zuckerberg, Jeff Bezos, and Sergey Brin.
5. Master’s in Business Administration (MBA)
A majority of billionaires and millionaires own businesses. As such, an MBA is one of the degrees that create the most millionaires. To run a business, then you need entrepreneurial skills. One of the best degrees that can instill in you entrepreneurial skills is an MBA.
The downside of it is that you also need to have a professional course alongside it like CPA. However, with the high number of businesses coming up, the demand for MBA is high.
Also read: What degree do most billionaires have?
6. Political Science
Another good degree to become a billionaire is political science. Some of the best politicians and world leaders have a degree in political science. A political science degree helps you understand political systems, how governments operate and how to improve governance and administration qualities.
Some of the successful leaders who are millionaires include former US President Barrack Obama, and David Cameron, the former British Prime Minister.
Mathematics is also among degrees with most millionaires. A degree in mathematics helps one get skills in data analysis, business analysis, and many more. A person with a mathematics degree can become a data analyst, data scientist, or business analyst. Some of the billionaires with mathematics backgrounds include Larry Ellison and Bill Gates although they dropped out of college before graduating.
Also read: Jobs that can make you a millionaire.
Law is also among degrees that produce the most millionaires. Lawyers are some of the best-paid professions and becoming a lawyer requires considerable effort. A degree in Law instills one with an understanding of legal implications and obligations.
A person with a degree in Law can work in the bank trust department, brokerage and insurance companies, or Law firms. Some of the millionaires with a degree in Law include Robert Ziff and George Roberts.
Which Degree Makes the Most Millionaires?
Having read that, are you wondering what degree produces the most millionaires? Economics and Finance are some of the degrees that produce the most millionaires. Some of the richest people with an Economics degree include Elon Musk, Alice Walton, Warren Buffett, Sheryl Sandberg, and Donald Trump.
Summary of Degrees that Make the Most Millionaires
The above are some of the best degrees to become a billionaire, or millionaire. Statistics have proved that a majority of billionaires and millionaires have studied these degrees. A majority of billionaires and millionaires have studied Economics and Finance. As such, if you are wondering what degree to study to become a billionaire, then consider any of the above.