Smarter Money: USA dominates list for top millionaire-producing universities in the world - Spear's Magazine
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Smarter Money: USA dominates list for top millionaire-producing universities in the world

According to a survey commissioned by Spear's Magazine and leading consultancy firm WealthInsight with Elite Traveler, universities located in the United States are dominant for producing millionaires, with thirty-one universities of the top fifty being American Universities.

shutterstock_193437935The newly released data shows that nine of the top ten millionaire-producing universities are in the United States, while all eight Ivy league institutions are in top 25.

Harvard, whose alumni include Barack Obama and John F Kennedy, ranked first, followed by the University of Pennsylvania. Stanford University, University of Oxford (UK), and the University of California all follow respectively to complete the top five universities producing millionaire alumni.

Universities in the UK produce the second highest number of millionaires in the world after the US, with University of Oxford ranking in fourth place - beating University of Cambridge which came in eleventh place. London came out top with the University of London (12), London School of Economics (31), and Imperial College (50), but Manchester is also in the millionaire-producing list with the University of Manchester.

Australia followed behind with four universities, two in Melbourne and two in Sydney, also making the top 50.

Ecole Polytechnique in France and Tel Aviv University in Israel are other universities outside the UK and US that made it to the top 30.

Mexico and Ireland both made the list with Instituto Tecnologico de Estudios Superiores de Monterrey (ITESM) at number 36 and Trinity College at 47.

Commenting on the findings, Head of WealthInsight, Oliver Williams said: “Though the US far outnumbers the UK by sheer volume of millionaires, ranking second on this list by number of institutions is telling of the prowess that the UK’s universities have globally.

“Oxford and Cambridge are household names for academic brilliance the world over, and while not all their graduates go onto earn their millions, these universities do provide fertile recruiting grounds for some of the world’s leading corporations."

“Since most institutions on this list also rank highly in academic merits, there is evidence here of how intellect often breeds wealth. Entrepreneurial ideas are nursed at these schools, while they prove fertile recruiting grounds for some of the world’s leading corporations. However, we haven’t included the large numbers of university dropouts – such as Mark Zuckerberg and Bill Gates – who went on to make billions.

IN FULL – The top 50 universities for producing millionaires:

1Harvard UniversityUSACambridge
2University of PennsylvaniaUSAPhiladelphia
3Stanford UniversityUSAStanford
4Oxford UniversityUKOxford
5University of California, BerkeleyUSABerkeley
6University of TexasUSAAustin
7Cornell UniversityUSAIthaca
8Princeton UniversityUSAPrinceton
9Yale UniversityUSANew Haven
10University of MichiganUSAAnn Arbor
11Cambridge UniversityUKCambridge
12University of LondonUKLondon
13California State UniversityUSALos Angeles
14Ecole PolytechniqueFrancePalaiseau
15New York UniversityUSANew York
16Columbia UniversityUSANew York
17Massachusetts Institute of TechnologyUSABoston
18Southern California UniversityUSALos Angeles
19Dartmouth CollegeUSAHanover
20University of WisconsinUSAMadison
21University of IllinoisUSAChampaign
22University of VirginiaUSACharlottesville
23Sciences PoFranceParis
24University of New South WalesAustraliaSydney
25Brown UniversityUSAProvidence
26Georgetown UniversityUSAWashington
27Duke UniversityUSADurham
28Boston UniversityUSABoston
29Tel Aviv UniversityIsraelTel Aviv-Yafo
30Bocconi UniversityItalyMilan
31London School of EconomicsUKLondon
32Sydney UniversityAustraliaSydney
33Miami UniversityUSAOxford (Ohio)
34University of TorontoCanadaToronto
35Northwestern UniversityUSAChicago
36Instituto Tecnologico de Estudios Superiores de Monterrey (ITESM)MexicoMonterrey
37Manchester UniversityUKManchester
38University of Notre DameUSAIndiana
39North Carolina UniversityUSAChapel Hill
40Boston CollegeUSABoston
41McGill UniversityCanadaMontreal
42Purdue UniversityUSAWest Lafayette
43Indiana University BloomingtonUSABloomington
44University of FloridaUSAGainesville
45Monash UniversityAustraliaMelbourne
46National University of SingaporeSingaporeSingapore
47Trinity CollegeIrelandDublin
48Texas A&M UniversityUSACollege Station
49University of MelbourneAustraliaMelbourne
50Imperial CollegeUKLondon