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The Universities Churning Out Millionaires

Over the years, many universities forged their reputations on the achievements of their students, whether that means Nobel laureates, Pulitzer Prize winners or Olympic athletes. Despite the prestige such accomplishments certainly bring to an institution, the number of super rich alumni is another good way of gauging a university’s academic prowess and reputation. Wealth-X looked into that topic and released its University Ultra High Net Worth Alumni Rankings that compared the number of wealthy alumni from different universities around the world.

Out of the top-10 universities with the highest number of UHNW alumni (ultra-high net worth individuals means someone with a net worth of at least $30 million), nine are American. The exception on the list is the University of Cambridge in the which comes seventh with an estimated 2,760 super rich alumni who have a collective net worth of $390 billion. Even though those numbers sound impressive, they are dwarfed by Harvard University. It boasts an estimated 13,650 UHNWs who have amassed a collective fortune of $4.8 trillion.

Harvard is in a league of its own and its population is more than double Stanford University and the University of Pennsylvania in second and third with around 5,580 super rich alumni each. Wealth-X’s report mentions that the vast majority of the wealthy alumni from U.S. universities are actually self-made. For example, 79 percent of wealthy alumni from Harvard are self-made, 15 percent have mixed sources for their fortunes and only 6 percent inherited it.

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Infographic: The Universities Churning Out Millionaires | Statista You will find more infographics at Statista

College & University – Statistics & Facts

by Erin Duffin,  
Colleges and universities are institutions of higher education. The distinction between the two is not always clear in the United States. It can be said though, that most colleges focus on undergraduate studies, while universities offer both undergraduate and graduate level education. Furthermore, universities are research-oriented institutions while colleges are generally focused on education. Most colleges offer four-year programs culminating in a Bachelor’s degree. Additionally, universities offer graduate programs that typically end in a Master’s degree or doctoral degree. As noted above, these distinctions aren’t set in stone and there are colleges that carry the name university and vice versa.

In the United States, there are private and public institutions of higher education. Public universities are administered at a state level and receive funding from the state government. Private institutions do not receive public funding and have to rely on endowments and student tuition to cover their ever-increasing costs. As a result, tuition at private colleges and universities is typically higher than at public institutions. In general, higher education in the United States is costly and many students have to rely on scholarships, student loans or grants in order to attend college or university.Even though the costs of education have steeply increased over the last 50 years, the percentage of the population with at least a college degree has never been higher than today. In 2018, 34.6 percent of the male population and 35.3 percent of the female population held at least a college degree. In 1959, this rate was at 10.3 and 6 percent for the male and female population respectively. College enrollment data reflects this trend as well. In 2017, almost 20 million Americans were enrolled in college, up from less than 6 million in 1965.

The United States is home to some of the most renowned universities in the world. Schools, such as Stanford, Harvard, and Princeton are frequently ranked among the best universities worldwide. The eight schools comprising the Ivy League (the universities of Harvard, Princeton, Yale, Pennsylvania, Cornell, Columbia, and Brown plus Dartmouth College) are especially known for academic excellence.

An international business school ranking, based on average alumni salary, is dominated by U.S. schools, with seven of the top 10 schools being located in the United States. The salary ranking is topped by the California-based Stanford University with an average alumni salary of 225,000 U.S. dollars per annum. Earning a degree at an Ivy League school like Columbia University requires a considerable upfront investment however, with annual tuition and fees amounting to 59,430 U.S. dollars, according to this college ranking, based on annual student costs.



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