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Top 7 Degrees That Produce The Most Millionaires - Career - Nairaland 31u3c

Top 7 Degrees That Produce The Most Millionaires (44922 Views)

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Racoon(m): 4:47pm On Oct 12, 2024
Choosing a college major is an important step for students aiming to build a successful career. While wealth and success can be achieved in any field with effort and innovation, certain majors are more commonly linked to producing millionaires. Though a major doesn’t set one’s future in stone, it can influence post-college earning potential.

Many prominent business figures, such as Mark Cuban and Warren Buffett, studied business and later attended top business schools. However, tech leaders like Mark Zuckerberg and Bill Gates did not complete college, though this is not typical.Here’s a look at some of the undergraduate majors most often associated with millionaires, as highlighted by Edvoy.[/i]

Engineering
Engineering leads the list of degrees that generate the most millionaires. This field offers a broad range of opportunities across various industries, contributing to its appeal. Engineers often take on roles that play a significant part in shaping industries, and many prominent figures in business hold engineering degrees.

Carlos Slim, a Mexican entrepreneur worth approximately $73.3 billion, holds a degree in Civil Engineering. Larry Page, co-founder of Google, earned a Bachelor’s degree in Computer Engineering and a Master’s in Computer Science, and his net worth currently stands at $125 billion. Jeff Bezos, founder of Amazon, studied Electrical Engineering and Computer Science at Princeton University and is valued at over $200 billion.

A 2014 study showed that 56% of engineers believe they will eventually become millionaires, and 69% view their profession as “recession-proof.” This combination of job security and financial potential places engineering at the top of the list.

Economics/Finance
Economics and finance degrees also feature prominently among millionaire-producing programs. Understanding how financial systems operate offers graduates an advantage in various sectors. While these degrees are often seen as theoretical, they provide foundational knowledge that is applicable in real-world business and finance settings.


Careers in finance, such as investment banking and wealth management, are common pathways for graduates of these disciplines. The financial world’s inner workings are critical for anyone looking to navigate it successfully, making these degrees highly valuable.

[I]Politics
Political science is one of the oldest professions, with roots tracing back to Ancient Greece and the birth of democracy. Today, political science degrees provide pathways not only into government but also into roles as political strategists, consultants, and public figures. Politicians often transition into lucrative careers after their time in office. secure deals for books, television appearances, and public speaking engagements[/i].

Mathematics
Mathematics degrees open doors to a variety of career paths, including finance, engineering, and public service. This versatility is a key factor in the degree’s ability to produce millionaires. Graduates with a background in mathematics can pursue high-paying roles in industries that rely heavily on data analysis, statistical modelling, and problem-solving. The practical application of mathematical skills across different sectors positions graduates to build successful, financially rewarding careers.


Read also: From Bill Gates to Elon Musk, educational qualifications of the world’s 10 richest men

Computer Science
The demand for computer science graduates has surged over the last decade, driven by the growth of technology, social media, and the development of algorithms. This demand far exceeds the available supply, creating high starting salaries for graduates.

Computer science graduates often enter well-paying roles soon after graduation. For example, software developers at companies like Google or Facebook can earn up to $120,000 annually. As technology continues to evolve, the need for skilled computer scientists will likely grow, further increasing the financial prospects of those in this field.


Law
Law is one of the more traditional degrees on the list. While pursuing a law degree involves a long and often challenging process, it can lead to significant financial rewards.
Newly qualified lawyers in the UK typically earn between £30,000 and £54,000 during their first five years. As lawyers gain experience and move up within firms, their earning potential increases substantially. Although it is not a path to quick wealth, the law remains a reliable route to financial success for those willing to put in the time and effort.


[i]MBA (Master’s in Business istration)
An MBA differs from the other degrees on this list as it is often pursued after earning another degree. However, it has the potential to significantly boost earning power. MBAs are versatile and can be applied across many industries, making them valuable for those looking to advance into higher-paying roles. While obtaining an MBA can be expensive, costs for studying abroad range from $50,000 to $80,000—the return on investment is typically high, with graduates moving into leadership positions that offer substantial salaries.

https://businessday.ng/bd-weekender/article/top-7-degrees-that-produce-the-most-millionaires/

17 Likes 3 Shares

Namaster: 4:51pm On Oct 12, 2024
If you study Political Science in Nigeria, just be ready to use your NYSC Allowance to buy a POS.

grin

245 Likes 15 Shares

Racoon(m): 4:51pm On Oct 12, 2024
No medical sciences; Doctors, Nurses, Pharmacy, Physiotherapy, Consultants etc?

121 Likes 7 Shares

proff010: 4:52pm On Oct 12, 2024
Political science.

1 Like

merits(m): 5:48pm On Oct 12, 2024
Gbadugbakun(m): 5:48pm On Oct 12, 2024
Remove law from there jare. Law in Nigeria is overhyped. You'll need real connections to make it as an lawyer.

Most of the people I know who studied law are now selling stuffs on Instagram because no firm is employing them.

90 Likes 9 Shares

HAPPINESSWEALTH(f): 5:48pm On Oct 12, 2024
OK ,






good one ,












we love you
our role model Princess FChukwu.
Zico5(m): 5:49pm On Oct 12, 2024
The truth is that u don't need any degree to make it big in this country. Ask those politicians their level of education? Let majority of them bring out their certificate then u will know being rich is not about academic prowess.

22 Likes 2 Shares

Pickieox(m): 5:49pm On Oct 12, 2024
Yeye. I hope it's not in Nigeria cos this post is irrelevant to the contraption called Nigeria.

11 Likes

santaclaws: 5:49pm On Oct 12, 2024
Racoon:
No medical sciences; Doctors, Nurses, Pharmacy, Physiotherapy, Consultants etc?

What they have is job guarantee, prestige and steady income... Most medics live from paycheck to paycheck and they are quite comfortable, but you won't gather solid wealth merely from treating patients, so it's a service to humanity...

Teachers and lecturers are also serving humanity, but their pay structure is just too small in Nigeria.

52 Likes 8 Shares

zeenaman: 5:49pm On Oct 12, 2024
Remove political science

3 Likes

Zimzy(m): 5:49pm On Oct 12, 2024
Economics for sure should be there

10 Likes 1 Share

Mindlog: 5:49pm On Oct 12, 2024
Do you need a degree in Political science to become a politician?

12 Likes 1 Share

CaptainZubi: 5:49pm On Oct 12, 2024
Forget all these science courses. Go for commercial courses (economics, ing and the likes. ) na there money dey

8 Likes

Englishisamust: 5:50pm On Oct 12, 2024
Computer science and economics should be first

12 Likes 1 Share

SmartyPants(m): 5:50pm On Oct 12, 2024
"Politics" degrees produce millionaires indeed. At least make this garbage slightly more digestible with stats or evidence of any sort. Wont stop it from being garbage but it might be less of an eyesore.

8 Likes

Fatbam005: 5:50pm On Oct 12, 2024
Hunger has changed a lot of ronus walking posture

10 Likes 1 Share

Zendinho(m): 5:50pm On Oct 12, 2024
Since politics has made the list, expect more political feud between successors and predecessors in Nigeria politics....

And if that happens then Nigeria is COMPLETELY FINISHED 😂😂😂.

4 Likes

Thomthom(m): 5:50pm On Oct 12, 2024
Engineering, Med Doc, Pilot, Nurse.

3 Likes

Chukwudi4naija(m): 5:51pm On Oct 12, 2024
All these don't matter in Nigeria. Just up your skill and street smartness. Or just have connection

6 Likes

toprealman: 5:51pm On Oct 12, 2024
Gbadugbakun:
Remove law from there jare. Law in Nigeria is overhyped. You'll need real connections to make it as an lawyer.

Most of the people I know who studied law are now selling stuffs on Instagram because no firm is employing them.
Law is dead!

9 Likes

MT: 5:52pm On Oct 12, 2024

4 Likes 1 Share

preciouswoman66(m): 5:52pm On Oct 12, 2024
Stop this misinformation to the young population

Degrees don't make someone a millionaire but the values he/she can provide and solutions solved

Article like this contribute to school na scam mentality

5 Likes 1 Share

osazsky(m): 5:52pm On Oct 12, 2024
I did not see bet9ja...u can become a billionaire within 90min

2 Likes

DeathToRiggers(f): 5:52pm On Oct 12, 2024
what of tinubulation? If T-pain was a bastards.......... Somebody wey no get lineage.
Nigerians should relax, death is the end of everything. Where is aketi, that pharaoh of ondo state?otilo.......

1 Like

discusant: 5:52pm On Oct 12, 2024
Racoon:
No medical sciences; Doctors, Nurses, Pharmacy, Physiotherapy, Consultants etc?

They are hardly innovative. They depend on what is produced by engineers and IT experts.

5 Likes 1 Share

AOB1: 5:53pm On Oct 12, 2024
Medicine

3 Likes

Pickieox(m): 5:53pm On Oct 12, 2024
Gbadugbakun:
Remove law from there jare. Law in Nigeria is overhyped. You'll need real connections to make it as an lawyer.

Most of the people I know who studied law are now selling stuffs on Instagram because no firm is employing them.

Na business I kuku face like this. Law in Nigeria is overrated except you travel out or seek out connection.

3 Likes 1 Share

wwwtortoise(m): 5:54pm On Oct 12, 2024
Mtcheeew

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