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

By Seeta Bhardwa

Email: seeta.bhardwa@timeshighereducation.com

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.