Want to Become a Billionaire? Study Engineering

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iStock

If you want to get rich—really, really rich—chances are, you should get yourself an engineering degree. As The Telegraph reports, a new analysis from the UK firm Aaron Wallis Sales Recruitment finds that more of the top 100 richest people in the world (according to Forbes) studied engineering than any other major.

The survey found that 75 of the 100 richest people in the world got some kind of four-year degree (though others, like Bill Gates and Mark Zuckerberg, attended a university but dropped out before graduation). Out of those who graduated, 22 of those billionaires received engineering degrees, 16 received business degrees, and 11 received finance degrees.

However, the survey doesn't seem to distinguish between the wide range of studies that fall under the "engineering" umbrella. Building a bridge, after all, is a little different than electrical engineering or computing. Four of those 100 individuals studied computer science, but the company behind the survey cites Amazon's Jeff Bezos (who got a bachelor's degree in electrical engineering and computer science from Princeton) and Google's Larry Page (who studied computer engineering at the University of Michigan and computer science at Stanford) as engineers, not computer scientists, so the list might be a little misleading on that front. (And we're pretty sure Bezos wouldn't be quite so rich if he had stuck just to electrical engineering.)

Aaron Wallis Sales Recruitment is, obviously, a sales-focused company, so there's a sales-related angle to the survey. It found that for people who started out working at an organization they didn't found (as opposed to immediately starting their own company, a la Zuckerberg with Facebook), the most common first job was as a salesperson, followed by a stock trader. Investor George Soros was a traveling salesman for a toy and gift company, and Michael Dell sold newspaper subscriptions in high school before going on to found Dell. (Dell also worked as a maitre d’ in a Chinese restaurant.)

All these findings come with some caveats, naturally, so don't go out and change your major—or head back to college—just yet. Right now, Silicon Valley has created a high demand for engineers, and many of the world's richest people, including Bezos and Page, earned their money through the tech boom. It's plausible that in the future, a different kind of boom will make a different kind of background just as lucrative. 

But maybe don't hold your breath waiting for the kind of industry boom that makes creative writing the most valuable major of them all. You can be fairly certain that becoming an engineer will be lucrative for a while.

[h/t The Telegraph]

Tune in Tonight: Mental Floss on Jeopardy!

All that time you've spent on here is about to pay off.

Tune in tonight for Jeopardy! and you'll catch the debut of the "I Learned It From Mental Floss" category. Big bucket list moment for us.

We've been working closely with the Jeopardy! team over on Instagram, sharing amazing facts on both @jeopardy and @mental_floss. Study up!

Check your local listings for stations and show times.

Millennials Get Blamed for a Lot, But They Could Help to Save the U.S. Postal Service

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iStock

Millennials get a bad rap for destroying everything from homeownership rates to fabric softener sales, but there's one important traditional industry they're enthusiastic about: the U.S. Postal Service. According to CityLab, a new USPS report [PDF] finds that young people's appreciation for snail mail could help boost the often-struggling agency's fortunes in the future.

Probing for insights into the minds of young people ages 18 to 34 (a little off from the Pew Research Center's definition of Millennials as being people ages 22 to 37), the USPS conducted surveys and hosted live chats online to figure out what Millennials think of the agency, and how the Postal Service can ignite their love of snail mail.

That's vital, because as it is, technological innovations like email and online bill payments are putting the USPS out of business. It lost money for the 11th year in a row in 2017, and while shipping packages is getting more popular (thank you, online shopping habits), it hasn't been enough to offset the decline of mail during that year—mail rates declined by 50 billion pieces in 2017. Young people ages 18 to 34 received an average of 17 pieces of mail each week in 2001, while they only receive 10 now.

But Millennials, it turns out, love mail, even if they don't want to pay their bills with it. As the report observes, "many Millennials still delight in receiving personalized notes or cards around holidays, birthdays, and other special occasions." Three-quarters of respondents said that getting personalized mail from friends and family "makes them feel special." According to the report, around 80 percent of Millennials say they're satisfied with the USPS, around the same rate as older, stamp-loving generations. More Millennials than Boomers, meanwhile, have a USPS.com account, and 59 percent say that the USPS is an innovative organization.

Millennials mentioned several ideas for USPS improvements that already basically exist, like self-service kiosks, at-home package pickup, and Informed Delivery emails, meaning the Postal Service isn't always the best at getting the word out about the cool things it already does. The report also shows that the Postal Service is still working on an augmented reality service that could give you a look at what's inside a package before you open it. (The idea debuted in 2016, but the app was largely limited to showing animated messages.)

The surveys and discussions did come up with a new idea to endear the post office to Millennials: a rewards program. The young people surveyed suggested that members could earn points by buying stamps or mailing packages and use them to redeem discounts or enter contests.

Millennials: They may be ruining vacations, but at least they're ready to save the mail.

[h/t CityLab]

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