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.

The 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.

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“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:

Rank	University	Country	City
1	Harvard University	USA	Cambridge
2	University of Pennsylvania	USA	Philadelphia
3	Stanford University	USA	Stanford
4	Oxford University	UK	Oxford
5	University of California, Berkeley	USA	Berkeley
6	University of Texas	USA	Austin
7	Cornell University	USA	Ithaca
8	Princeton University	USA	Princeton
9	Yale University	USA	New Haven
10	University of Michigan	USA	Ann Arbor
11	Cambridge University	UK	Cambridge
12	University of London	UK	London
13	California State University	USA	Los Angeles
14	Ecole Polytechnique	France	Palaiseau
15	New York University	USA	New York
16	Columbia University	USA	New York
17	Massachusetts Institute of Technology	USA	Boston
18	Southern California University	USA	Los Angeles
19	Dartmouth College	USA	Hanover
20	University of Wisconsin	USA	Madison
21	University of Illinois	USA	Champaign
22	University of Virginia	USA	Charlottesville
23	Sciences Po	France	Paris
24	University of New South Wales	Australia	Sydney
25	Brown University	USA	Providence
26	Georgetown University	USA	Washington
27	Duke University	USA	Durham
28	Boston University	USA	Boston
29	Tel Aviv University	Israel	Tel Aviv-Yafo
30	Bocconi University	Italy	Milan
31	London School of Economics	UK	London
32	Sydney University	Australia	Sydney
33	Miami University	USA	Oxford (Ohio)
34	University of Toronto	Canada	Toronto
35	Northwestern University	USA	Chicago
36	Instituto Tecnologico de Estudios Superiores de Monterrey (ITESM)	Mexico	Monterrey
37	Manchester University	UK	Manchester
38	University of Notre Dame	USA	Indiana
39	North Carolina University	USA	Chapel Hill
40	Boston College	USA	Boston
41	McGill University	Canada	Montreal
42	Purdue University	USA	West Lafayette
43	Indiana University Bloomington	USA	Bloomington
44	University of Florida	USA	Gainesville
45	Monash University	Australia	Melbourne
46	National University of Singapore	Singapore	Singapore
47	Trinity College	Ireland	Dublin
48	Texas A&M University	USA	College Station
49	University of Melbourne	Australia	Melbourne
50	Imperial College	UK	London