Thank you for using the timer!
We noticed you are actually not timing your practice. Click the START button first next time you use the timer.
There are many benefits to timing your practice, including:
1) Public institutions do quite well- of the 16 schools listed above half are public institutions. The public institutions are clearly a realistic path to the top.
2) Interestingly, only one of the "Big 4" public elite schools appears on this list (UCLA). Michigan, Berkeley, and UVA do not appear. However, the public schools that do appear all have strong regional reputions.
3) Wisconsin undergrad is clearly much larger than Yale or Duke so it might be tempting to discount the success of Madison. However, if we consider that the average entrance attributes (not to mention the net investment of the students) are far lower for Wisconsin, it is unclear what sort of discount is appropriate.
Last edited by Hjort on 21 Oct 2006, 16:32, edited 1 time in total.
It is also interesting to consider the academic majors of major CEOs.
One of the first facts that suprises many people is that dozens of CEOs of the largest firms have degrees in English, classics, or one of the other majors in the humanities/liberal arts.
Not surprisingly, the most common academic major for CEOs falls under the Business Administration (e.g. Management, Accounting, Finance, Marketing).
Approximate Percentage of Undergrad Degrees of S&P 500 CEOs
Business Administration 31%
Social Sciences 24%
Natural Sciences 10%
However, business administration is also one of the largest major groups in the United States. Around the time that current CEOs were college students, roughly 21% of all undergrad degrees in the US were in business. This means that business majors were rather moderately overrepresented among CEOs (1.4:1). Again what is somewhat surprising is that the humanities are actually slightly better represented than business majors (1.6:1).
The Social Sciences (e.g. Economics, Government, Anthropology, History) were more overrepresented, since they constituted only about 10% of all degrees c. 1980 yet nearly a quarter of CEOs.
The Engineering majors had impressive performance since they represented only 7% of the degrees granted yet represent 21% of the CEOs. The success of engineers seems reasonable if one considers that they tend to have the highest academic scores of entering undergraduate students and take part in a numerate yet applied discipline (much like business).
Last edited by Hjort on 21 Oct 2006, 16:37, edited 1 time in total.
Another interesting observation is that many of the top undergrad business schools are not represented in this list.
The top BBA/BSBA programs usually include some combination of Penn/Wharton, Michigan, UC Berkeley, MIT, and Virginia (McIntire). Of this group, Penn is the only one to appear on the list of the top 10 undergrad producers of S&P500 CEOs.
Further, among the top 5 undergrad producers of CEOs, three have no BBA/BSBA program (Harvard, Princeton, and Stanford). Wisconsin has undergrad business yet less than one third of its undergrad CEO production came from the business school (the rest came from engineering, social sciences, and humanities). At Texas, roughly half came from the business school and the other half from the other divisions of the university.