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What the Top 1% of Earners Majored In
Yahoo Finance (New York TImes) ^ | 1/23/2012 | ROBERT GEBELOFF and SHAILA DEWAN

Posted on 01/28/2012 10:18:36 PM PST by UnwashedPeasant

We got an interesting question from an academic adviser at a Texas university: could we tell what the top 1 percent of earners majored in?

The writer, sly dog, was probably trying to make a point, because he wrote from a biology department, and it turns out that biology majors make up nearly 7 percent of college graduates who live in households in the top 1 percent.

According to the Census Bureau's 2010 American Community Survey, the majors that give you the best chance of reaching the 1 percent are pre-med, economics, biochemistry, zoology and, yes, biology, in that order.

Below is a chart showing the majors most likely to get into the 1 percent...

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Chit/Chat
KEYWORDS: college; liberalcollegechick
Here is the list:
Undergraduate Degree
Total
% Who Are
1 Percenters
Share of All
1 Percenters
Health and Medical Preparatory Programs 142,345 11.80% 0.90%
Economics 1,237,863 8.20% 5.40%
Biochemical Sciences 193,769 7.20% 0.70%
Zoology 159,935 6.90% 0.60%
Biology 1,864,666 6.70% 6.60%
International Relations 146,781 6.70% 0.50%
Political Science and Government 1,427,224 6.20% 4.70%
Physiology 98,181 6.00% 0.30%
Art History and Criticism 137,357 5.90% 0.40%
Chemistry 780,783 5.70% 2.40%
Molecular Biology 64,951 5.60% 0.20%
Area, Ethnic and Civilization Studies 184,906 5.20% 0.50%
Finance 1,071,812 4.80% 2.70%
History 1,351,368 4.70% 3.30%
Business Economics 108,146 4.60% 0.30%
Miscellaneous Psychology 61,257 4.30% 0.10%
Philosophy and Religious Studies 448,095 4.30% 1.00%
Microbiology 147,954 4.20% 0.30%
Chemical Engineering 347,959 4.10% 0.80%
Physics 346,455 4.10% 0.70%
Pharmacy, Pharmaceutical Sciences and Administration 334,016 3.90% 0.70%
Accounting 2,296,601 3.90% 4.70%
Mathematics 840,137 3.90% 1.70%
English Language and Literature 1,938,988 3.80% 3.80%
Miscellaneous Biology 52,895 3.70% 0.10%

1 posted on 01/28/2012 10:18:38 PM PST by UnwashedPeasant
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To: UnwashedPeasant

Huh. Someone get me Obama’s transcripts will you? I’d like to see which classes he took and his GPA.


2 posted on 01/28/2012 10:22:21 PM PST by jessduntno ("Newt Gingrich was part of the Reagan Revolution's Murderers' Row." - Jeffrey Lord, Reagan Admin.)
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To: UnwashedPeasant

Useless list. An undergraduate degree in history made the list? What the “researchers” aren’t telling is what the grads did after college to get into the 1%. A lot of people who majored in history go on to get law degrees, etc.


3 posted on 01/28/2012 10:25:53 PM PST by LouAvul
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To: UnwashedPeasant

Physics below Art History? Really? Oh well, too late for me now...


4 posted on 01/28/2012 10:35:43 PM PST by MikeD (We live in a world where babies are like velveteen rabbits that only become real if they are loved.)
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To: UnwashedPeasant

ping


5 posted on 01/28/2012 10:37:38 PM PST by Wuli
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To: MikeD

Zoology....these are the children of the 1% not the ones who earned it.


6 posted on 01/28/2012 10:39:57 PM PST by djwright (2012 The White House Gets Another Coat Of Shellac)
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To: UnwashedPeasant

This is interesting, but what I think would make it even more interesting is in total, and separately for each of the college majors in the list, what are the current occupations of those in the top 1%

I think it would suprise many people to see just how many in the top 1% are NOT in or even close to “Wall Street”, and just how many are not even in a “business” profession.


7 posted on 01/28/2012 10:42:02 PM PST by Wuli
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To: UnwashedPeasant

I’d be willing to bet that a good percentage of them have never seen the inside of a college classroom.


8 posted on 01/28/2012 10:44:08 PM PST by 2ndDivisionVet (You can't invade the US. There'd be a rifle behind every blade of grass.~Admiral Yamamoto)
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To: MikeD

Gotta say. Your tagline is the best I’ve seen in awhile. And as other’s have pointed out, this survey says nothing about what you do afterwards, so its interesting but a bit pointless.


9 posted on 01/28/2012 10:56:19 PM PST by ScarletRed
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To: LouAvul
Useless list. An undergraduate degree in history made the list?

History majors go on to Law School...

10 posted on 01/28/2012 11:06:53 PM PST by Cowboy Bob (Greed + Envy = Liberalism)
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To: Cowboy Bob

They should pick a year, go forward and omit for the survey any student whose family is already in the 1%.


11 posted on 01/29/2012 3:45:38 AM PST by EQAndyBuzz (Most Conservative in the Primary, the Republican Nominee in the General.)
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To: MikeD

I’m going to make a wild guess that the art history majors in the one percent lean a bit toward women from wealthy families who also married well.


12 posted on 01/29/2012 3:56:50 AM PST by 9YearLurker
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To: Wuli

Medicine is one of the most businessy of the professions: they have done very well at restricting entry into the field.


13 posted on 01/29/2012 3:58:59 AM PST by 9YearLurker
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To: UnwashedPeasant

What the list doesn’t show is the selectivity issue. Some people might have chosen ‘history’ or ‘philosophy’ because their family could afford them to choose such majors. So, it’d be interesting to see how many of those majoring in humanities actually came from the family of say Top 20%.


14 posted on 01/29/2012 4:00:36 AM PST by paudio (Newt often pissed on conservative principles, but we need him to beat 0bama so we look the other way)
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To: paudio
". So, it’d be interesting to see how many of those majoring in humanities actually came from the family of say Top 20%."

I think it would be interesting to see how many of these people are working outside their college degree. I bet many of these people are running businesses that have little or nothing to do with their college degree, especially the art & history majors.

15 posted on 01/29/2012 5:41:39 AM PST by HangThemHigh (Entropy's not what it used to be.)
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To: HangThemHigh

I only would like to know how many of the 1% are married to each other. Could it be some are the spouses who majored in humanities?


16 posted on 01/29/2012 5:48:42 AM PST by paudio (Newt often pissed on conservative principles, but we need him to beat 0bama so we look the other way)
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To: UnwashedPeasant

Looks like the H1-b visa program has really worked to keep wages down in the engineering field. Way to go USA.


17 posted on 01/29/2012 5:52:20 AM PST by central_va ( I won't be reconstructed and I do not give a damn.)
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To: UnwashedPeasant

As a contrast and not defending Euroweenies, If you did this survey in Europe Engineering and science would be near the top. Here it is a tiny little fraction.


18 posted on 01/29/2012 5:56:08 AM PST by central_va ( I won't be reconstructed and I do not give a damn.)
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To: HangThemHigh
I think it would be interesting to see how many of these people are working outside their college degree. I bet many of these people are running businesses that have little or nothing to do with their college degree, especially the art & history majors

Also, what percentage of the non-inherited rich have a college degree? Not Bill Gates, Steve Jobs, Larry Ellison, Paul Allen, Carl Icahn, David Geffen, most celebrities like Oprah Winfrey, Tiger Woods, etc. While there is a correlation between college and income that does not imply causation. Brains and/or talent is the actual the causation, and colleges do not hand those out.

It should also be pointed out that the very easiest and most certain method of joining the 1% is to marry into it. As John Kerry proved, good looks and personality are not a requirement.

19 posted on 01/29/2012 6:20:42 AM PST by Reeses
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To: UnwashedPeasant; ClearCase_guy

20 posted on 01/29/2012 8:13:16 AM PST by martin_fierro (< |:)~)
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To: Cowboy Bob
History majors go on to Law School...

That's my point. They're only revealing a small part of the equation.

21 posted on 01/29/2012 9:19:44 PM PST by LouAvul
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To: ScarletRed

Thanks — I adapted it from a comment by another FReeper years ago. Unfortunately, I forgot to note the screen name, nor save the entire initial quote. I had to shorten it to fit into the tag-length-limit.


22 posted on 02/08/2012 3:48:02 PM PST by MikeD (We live in a world where babies are like velveteen rabbits that only become real if they are loved.)
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