US universities are the most likely to produce millionaires

If you’re hoping to become a millionaire (who isn’t?) then putting an application in to one of these colleges might help you get there 

September 14 2017
Bag of dollars

US universities are the most likely to produce the highest number of millionaires, according to new research.   

Some 17 spots out of the top 20 were taken by US universities. These include six of the eight Ivy League schools (Harvard University, University of Pennsylvania, Columbia University, Cornell University, Yale University and Princeton University). 

The University of Oxford was the only university outside the US to enter the top five. The University of Cambridge is the only other UK university in the top 10 (8th) and the London School of Economics and Political Science rounds off the top 20 table in 20th place.  

However, looking into the top 50, schools from countries such as Australia, France, Canada, Mexico, Italy and Singapore also feature. 

Rank

University

Country

1

Harvard University

US

2

Stanford University

US

3

University of Pennsylvania

US

4

Columbia University

US

5

University of Oxford

UK

6

Massachusetts Institute of Technology

US

7

New York University

US

8

University of Cambridge

UK

9

Northwestern University

US

10

University of Chicago

US

11

University of Michigan

US

11

University of Texas at Austin

US

13

Cornell University

US

14

Yale University

US

15

University of California, Berkeley

US

16

University of Southern California

US

17

Princeton University

US

18

University of California, Los Angeles

US

19

University of Virginia

US

20

London School of Economics and Political Science

UK

Many of the universities in this ranking also feature in the Times Higher Education World University Rankings 2018 top 20. The institutions missing from this list that are present in the THE WUR 2018 ranking are the California Institute of Technology, Imperial College London, ETH Zurich – Swiss Federal Institute of Technology Zurich, Johns Hopkins University, University College London and Duke University

The research was carried out by Verdict, in association with GlobalData WealthInsight. 

This table draws on WealthInsight’s database of millionaires from around the world, which includes where they studied. This ranking does not include millionaires who dropped out of university, such as Mark Zuckerburg, the co-founder of Facebook, and Bill Gates, the co-founder of Microsoft. Both dropped out of Harvard University to pursue their businesses. 

Read more: How to become a billionaire: where the world’s super-rich went to university

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