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What are the top degrees for becoming a millionaire?

I was just wondering what the best degrees are for eventually becoming a millionaire? I would assume Medicine if you become a specialist, Law, and Economics to become an investment banker.

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Reply 1

kprime2

Original post by Katana1

I was just wondering what the best degrees are for eventually becoming a millionaire? I would assume Medicine if you become a specialist, Law, and Economics to become an investment banker.

Maths/Economics.
Most millionaire type jobs are in the banking and finance industry who like to employ mathematicians and economists.

I wouldn't really count Law since to be a successful lawyer you need to have contacts and a network which most successful lawyers only have through a middle class upbringing.

(edited 8 years ago)

Reply 2

Wade-

Original post by kprime2

I wouldn't really count Law since to be a successful lawyer you need to have contacts and a network which most successful lawyers only have through a middle class upbringing.

Where did you get that idea from?

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Reply 3

Katana1

Original post by kprime2

Lol no, universities have contacts with many good Law firms, which is how they get placements for their Law graduates.

Reply 4

Askaud

The start your own successful business, learning on the job degree

lol

Theology

Original post by Katana1

I was just wondering what the best degrees are for eventually becoming a millionaire? I would assume Medicine if you become a specialist, Law, and Economics to become an investment banker.

maybe something like a good fine art degree so you can sell a painting .
or even computing4business so you can get a billionaire.

btw. falcao has joined chelsea

Reply 8

IamLiquid

Original post by Katana1

Lol no, universities have contacts with many good Law firms, which is how they get placements for their Law graduates.

Look at the stats for Oxbridge

Cambridge: 52% doing futher study.
Average salary: £20,000
Most common job types students do after six months : Legal professionals 15%
http://unistats.direct.gov.uk/Subjects/Overview/10007788FT-UG_LWTX_KIS

Oxford: 55% doing futher study.
Most common job types students do after six months: Legal professionals 20%
http://unistats.direct.gov.uk/Subjects/Overview/10007774FT-M100

If they have "contacts with many good Law firms" how come so many do futher study?
Why do so few become legal professional? And why such low pay?

(edited 8 years ago)

Reply 9

ETRC

Not medicine for sure- rarely will you be a millionaire

Law requires you to have good contacts because most likely you will not join one of the biggest law firms

if you really want to be a millionaire you need to have a business plan already because degrees will most likely not make you one

Reply 10

LostGear

Golf Course Management

Reply 11

Artur96

There isn't really a degree that is guaranteed to make you millions.
Innovation is where its at. You can innovate in any fields and end up with millions.

Reply 12

username1221160

You don't need a degree to be filthy rich. Mike Ashley managed it. I believe he is wealthier than every UK graduate. Ask yourself what qualities does he have which graduates lack?

Reply 13

username1862217

Art degree.

Everyone knows good art sells for millions. Be set for life with just one painting! :biggrin:

Reply 14

Daisy21

You might want to ask in the medicine sub forum what you need to do to become a specialist AFAIK doing it for the money is a bad idea though

Reply 15

It's****ingWOODY

A degree won't make you a millionaire, as in most cases neither will working for somebody else.

Reply 16

Dexa

Business or Finance. But you need to have a lucky break to make it big i.e. design something new and innovative, or get a high position at a top financial company.

Medicine isn't actually paid that great here. Only after at least 15 years post-qualification will you start earning £100k/year as a consultant. Even if you add private practice on top of that, not many doctors will end up being millionaires in the UK. Enough to live a more than comfortable lifestyle, but not what I would call filthy rich. It's possible in US/Australia though, they pay doctors **** loads. Places like the middle east is also good for doctors as its tax free.

(edited 8 years ago)

Reply 17

TimmonaPortella

Original post by IamLiquid

Why do so few become legal professional? And why such low pay?

Because it's after six months. This isn't really a timeframe that makes sense in relation to law, since unless you've already done it you have to do a professional course after university before practising.

Nor is it very much about growing up with contacts. That's a bit of a myth perpetuated by people who didn't get offers and therefore assume that there's some elite cabal screwing them.

(edited 8 years ago)

Reply 18

PenguinEmperor

Sorry, What definition of Millionaire are you taking? The Owning £1 million or the earning £1 million a year? As lots of degrees can get you into the first one, and very very few into the 2nd.