Business schools offer general business administration degrees and concentrations in areas like leadership, entrepreneurship, and accounting. The highest-paying business majors include marketing, finance, and international business.
Business administration is one of the most versatile majors because businesses in all industries need people to do administrative work. A degree in business administration can help you get a job in international business, finance, corporate sales, human resources, or marketing.
Economics / Finance
It's probably no surprise to hear that studying Economics or finance can help to fast track you towards being a millionaire. But it's not quite as easy as simply studying how to make your fortune, with economics in particular often seen as more theoretical and behind the scenes.
When looking to fill the role of CEO, companies require candidates to have a strong educational foundation in business or related areas — like a Bachelor of Arts (BA) in Organizational Leadership or an advanced degree like a Master of Business Administration (MBA.)
The top-earning majors are in so-called STEM fields, or degrees in science, technology, engineering and mathematics.
Medicine. A degree in medicine is considered to be one of the most employable degrees of all time and no matter how fierce the competition is, stats show that usually individuals with a medicine degree land a job within 6 months of leaving.
Elon Musk went to Queen's University in Kingston, Ontario, Canada, and then transferred to the University of Pennsylvania in Philadelphia, where he received bachelor's degrees in physics and economics in 1997.
Economics, business administration, and engineering are the most popular subjects studied by top CEOs. On average, 34.6% of top CEOs have a master's or doctorate degree and. 22.3% of top CEOs have a Master of Business Administration (MBA), 16.4% of top CEOs studied abroad; and.
The C-suite roles that lead to CEO
Spencer Stuart found that over the past 20 years, 85 percent of S&P 500 CEOs come from four roles: CFO, COO, Divisional CEO and what the firm refers to as leapfrog leaders, or people promoted from a level of management below the C-suite.
Highest-Paying Majors
Engineering majors made the most right after college, however, graduates who majored in business, economics, and math also made median wages well over $50,000.
Managers of medium and large sized companies typically possess at least a four-year degree in management or business. For top management positions, a master's in business administration or management is the norm.
Fittingly, the most common subject matter for higher education was economics and finance, suggesting that when you know money, you know how to make money! Billionaires such as Warren Buffett, Alice Walton, and Elon Musk have degrees in economics.
According to a recent study, 22% of the world's top CEOs have MBA degrees. The vast majority are located in the US—the birthplace of the MBA—where around 69% of CEOs are MBA grads.
Resume.io also examined the LinkedIn accounts of people in the US, Canada and the UK and found that Harvard University has the most business leaders on LinkedIn, a total 41,118. However, the small, little-known Babson College in Massachusetts produced more business leaders per 1000 graduates at 160.5.
FAQs (Frequently Asked Questions) When did Elon Musk take an IQ test? The Tesla CEO is estimated to have an IQ score of around 155.
While Musk doesn't do lab research per se or author scientific papers, it would be difficult to argue that he wasn't a scientist at all. His background in physics is, after all, his guiding light. He famously said that he operates by "the physics approach to analysis.