Study: Georgia Tech engineering millionaires

Millionaire Calvin Johnson (No. 81) left Georgia Tech (No. 80 at creating millionaires) before graduating. Other millionaires with ties to Georgia Tech include Jimmy Carter and George P. Burdell.

Millionaire Calvin Johnson (No. 81) left Georgia Tech (No. 80 at creating millionaires) before graduating. Other millionaires with ties to Georgia Tech include Jimmy Carter (U.S.A.), Joe Rogers Sr. (Waffle House), James D. Robinson III (Coca-Cola) and George P. Burdell (Pretty Much Everything).

Have you heard the Buzz?

Georgia Tech is one of world’s Top 100 universities at producing millionaires.

If you are a parent of a high school student eligible for the HOPE Scholarship that cares nothing about football or the availability of ‘hotties,’ the choice is clear.

Tech is ranked No. 80 on the list; Harvard is No. 1.

Other Southern universities on the list include Duke (30), University of Florida (49) and Vanderbilt (76).

Unfortunately for graduates of other Georgia universities, a “Top 10,000″ list was not provided.

The research is also helpful at helping parents pick their kid’s major.

After studying the background of 70,000 millionaires in more than 200 countries, researchers concluded engineering topped the fields of law, finance, business and art history.

An engineering degree can lead to a comfortable income, but making millions often requires starting a business.

“You would expect to see a high number of scientific or financial degrees in the top 10, like engineering, commerce and accounting,” said WealthInsight analyst Oliver Williams. “But, interestingly, few of these degrees turn out to be outright vocational; most [millionaire] engineering graduates, for example, are not engineers but entrepreneurs. The same goes for most [millionaire] law and politics graduates.”

If I had to do it all over again, I’d have taken that “Subtraction: Addition’s Tricky Pal” class a lot more seriously.

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53 comments Add your comment

Bernie31

November 19th, 2013
10:06 am

The Destination of Choice for the LUCKY Gene Pool Club Members of Georgia. Those whom are of the
Studious Type. All others its Hit or Miss…..Mostly MISS!

JM64

November 19th, 2013
10:39 am

It really is amazing how many insults can be placed in a very positive article about one of the University System’s top schools.

joe

November 19th, 2013
10:41 am

You mean those who decide to become artists (not recording artists), don’t usually become wealthy? Yes, you have the freedom to do whatever you want, but don’t come looking to me for your health insurance, EBT cards, section 8 housing vouchers, etc. You want to be an artist, do it in your spare time and actually work for your livelihood and benefits.

jarvis

November 19th, 2013
10:43 am

University of Florida….I’m very impressed.

Get Real

November 19th, 2013
10:51 am

Alpha

November 19th, 2013
11:00 am

Actually, about University of Florida, there is more to it. UF is a big school. I don’t have the number, but I believe UF is 4-5 times as big as Tech. If you do a calculation on millionaires vs student population, Tech will be way higher.

Sonny Clusters Sr.

November 19th, 2013
11:08 am

But at least you still have football, right UGA?

DesignerJacket

November 19th, 2013
11:09 am

So many underhanded jabs stuck in here. This guy perpetuates the stereotypes about Tech without doing his research. GT is getting closer to 40% female now. (No one talks about the growing problem that Georgia’s other state U’s are getting close to being only 40% male.) Regarding fun lifestyles and “hotties” at GT, consider that about 26% of Georgia Tech students are in a Greek letter organization. That’s a HIGHER percentage than many schools in the South. Also, for better of for worse, Georgia Tech students care a lot about football – so right now they’re not happy with it. Not every student body is always elated with their football team. How do the students at UF or (dare I say it) the big state school in Athens feel about their football team right now? They care, but they’re not loving it right now, I’m pretty sure. Anyway, all that to say – if you’re going to pretend to write an article reporting on data, then it’s out of place to throw in a bunch of generalizations from the 1980’s that are hanging around despite new data (which is there to be found, if you’d do some light research.) More Georgians should be proud of GT rather than trying to knock it with old stereotypes. If the goal is to say “good job” then why kill it by essentially saying “good job, you nerds!”

KJ

November 19th, 2013
11:11 am

Yeah Bernie, keep telling yourself everything you get out of life is due to luck. If only society placed value on those who sit at home and post whiny comments on every single AJC blog, you’d be a millionaire too.

Seriously?

November 19th, 2013
11:12 am

“If you are a parent of a high school student eligible for the HOPE Scholarship that cares nothing about football or the availability of ‘hotties,’ the choice is clear.”

Dumb start to an article that should be complementary to the school. There are women at the school or you can go to the target rich surrounding environments, and we do care about football. This is offensive and you should be ashamed.

DesignerJacket

November 19th, 2013
11:12 am

Alpha, GT has 22k students. UF has about 45k. For reference, UGA has 35k

el stinko

November 19th, 2013
11:13 am

This may be true but most of these students are from India, China or some other crountry besides the U.S.

Don't Tread

November 19th, 2013
11:14 am

Cheaters want government jobs. Wow, what a surprise.

Millionaires are leaving the US in record numbers due to the tax policies created by the cheaters who succeed in getting government jobs. Wow, another surprise.

I wonder how many Tech graduates will remain in the US when they start making millions?

The Geezer

November 19th, 2013
11:40 am

Doesn’t say how many kids came to Tech from families already worth millions – especially the foreign students whose parents can afford to send them abroad.

Doesn’t say how many Tech students became millionaires from playing in the NFL like Calvin Johnson or the NBA rather than as a result of their educational attainment.

Doesn’t say how many Tech kids actually attended other schools such as Navy and got rich from political office and subsequent opportunities such as Jimmy Carter.

Doesn’t mention that George P. Burdell is a fictional figure that Tech kids have fun with.

Doesn’t mention by name the actual achievers that became millionaires due to the application of their educational knowledge of architecture and engineering and helped to build the skyline of Atlanta and develop real estate throughout the southeast.

A very poorly written article that takes a swipe at everybody and offers nothing of substance. Go back and do it over.

Who Cares?

November 19th, 2013
11:43 am

@ Seriously? November 19th, 2013 11:12 am, you are 100% correct! But hey, it’s the AJC, so what do you really expect? Incompetence is usually envious of success.

JacketMan

November 19th, 2013
11:43 am

This statistic would be even more impressive if the report took into account the percentage number of millionaires per graduate rather than the total of millionaires being put out by University. Since one out of six (1/6) of GA Tech’s grads go on to become millionares, this actually means that GA Tech ends up MUCH, MUCH higher in the list.

Ron

November 19th, 2013
11:49 am

Why isn’t the University of Virginia (no. 28) considered “in the South”? The Capital of the Confederacy was just sixty miles from the Grounds of UVA.

Bumper

November 19th, 2013
11:53 am

“Georgia Tech is one of world’s Top 100 universities at producing millionaires.”

This would never have been possible without Obamacare.

Jack ®

November 19th, 2013
11:53 am

Before you write another article, Mr. Mathis, be sure to first consult The Geezer.

The Geezer

November 19th, 2013
12:02 pm

Jack, you left off your last name. I believe you are a Mr. Jack Ase

roughrider

November 19th, 2013
12:03 pm

How many live in the USA ?

Get Real

November 19th, 2013
12:09 pm

Tech has a student body of about 15K, including Grad School….fairly small by big university standards…

From Wikipedia...

November 19th, 2013
12:26 pm

…Demographics

White63% 48% Asian22% 40% Black/African American6.5% 5.4% Hispanic/Latino5.4% 4.4% Native American0.1% 0.1% Multiracial/Other3.3% 2.4%International6.6% 4.2%

The student body consists of more than 20,000 graduate and undergraduate students (Fall 2010) and almost 1,000 full-time academic faculty (Fall 2009).[78][79][80] The student body at Georgia Tech is 68% male and 32% female….

Gerald

November 19th, 2013
12:28 pm

People this column is HUMOR. For goodness sakes …

George P. Burdell

November 19th, 2013
12:33 pm

Pimpin’ ain’t easy.

Obama Is Wrong

November 19th, 2013
12:37 pm

I don’t know about the others, but I went to Tech from a lower middle class family from Decatur and got my engineering degree. Dad only completed eighth grade and Mom completed high school. We didn’t have much, but Mom and Dad paid for my college education, no student loans, no government grants, no scholarship. Same as I’ve done for my own children. Don’t depend upon the government for anything you don’t have to.

I have a net worth more than $1 million. I worked hard, sometimes two and three jobs at a time. Have worked some weeks at greater than 100 work hours per week. Don’t have my own business but have made wise choices. Any time I had the chance to earn overtime, I did it. You don’t know when the next opportunity for overtime may come along. Anyway, if I can do it, others can too. It means sacrifice, personal responsibility, and taking chances. My kids have gone on to be successful as well because they have my work ethic. I can’t understand anyone who isn’t motivated to improve themselves and is content to settle for mediocrity, or worse, let others decide things for them. I believe in personal responsibility and that more government is bad for the individual. We have to stop the socialist path we are on and get back to requiring people to be responsible for themselves, and not on government.

Mothers, if you want to do what is best for your child, make sure they do well in school and take all the math and science courses they can. Get them into engineering. We need more engineers in this country.

Karen

November 19th, 2013
12:39 pm

Poorly written article. Go Jackets!!!! AJC should be ashamed. Not very humorous to a parent of a child who works HARD to keep Zell Miller/Hope.

southern hope

November 19th, 2013
12:50 pm

I think these numbers will go up…the last 5 years have been amazing for Tech as far as the caliber of student….and items like AT&T Technology Square are going to help…15 years from now, the numbers of Tech millionaires will be even more impressive.

George Mathis

November 19th, 2013
1:02 pm

Thanks folks! I am pleased to see everyone is warming up to the idea of a news humor blog.

Gerald

November 19th, 2013
1:05 pm

@Karen:

I repeat. This is not a serious news article. Mathis is a HUMOR WRITER.

@Obama Is Wrong:

You may have attended Tech when it was less selective, rigorous and expensive. Really, people who attended Georgia and Georgia Tech before Georgia’s population boom (and influx of well-educated high income northerners) in the 80s and 90s – back when Georgia was basically indistinguishable from Mississippi and Alabama – cannot compare their experiences with today. Also, the economy was vastly different back then too. So few people attended college back then – and there was so little foreign competition – that a person with an engineering degree could write their own ticket. These days a college degree is worth little more than a high school diploma in an old economy and doesn’t even necessarily guarantee you an entry-level job.

manny

November 19th, 2013
1:05 pm

Rik Roberts

November 19th, 2013
1:09 pm

What a condescending misogynistic start to your article. With both a son and daughter currently at Tech I can tell you that there is plenty of love for football and there are plenty of “hotties”. I guess the author of this article has a thing against women that are both attractive AND intelligent.

Gerald

November 19th, 2013
1:16 pm

@Rik Roberts:

“Informative and entertaining breaking news humor from The Atlanta Journal-Constitution”

Mathis was using a long existing stereotype (that like most stereotypes has some legitimate basis in fact and/or history) TO MAKE A JOKE. And if you are going to feign offense at this joke, please do the same when the next “we need to eliminate the massive institutional gender discrimination that pervades at every level of education and the workforce in order to redress the underrepresentation of women in STEM” article or research paper comes out, which should be, oh, 5 minutes from now. Refraining from telling jokes about the male/female ratio in Georgia Tech’s doctoral chemical engineering program won’t change the male/female ratio.

George Mathis

November 19th, 2013
1:19 pm

Rik, I am not a Tech grad, but even my math skills can deduce the 64-36 percent male-female mix at Tech means there are fewer available single women than there would be at UGA, which is much larger and has more female students than male students.

DesignerJacket

November 19th, 2013
1:27 pm

@George Mathis Re: 1:19pm

So if you were female you’d be making fun of UGA right now for not having enough “hotties” (guys) right? You’ve admitted they’re majority female. (While tacitly acknowledging that Tech is evening out…36% female is WAY better than in the past.) Seems like you’re choosing what’s worth a joke and what’s not where these stereotypes are involved.

Seriously?

November 19th, 2013
1:28 pm

Maybe this article shouldn’t have been placed in Latest Headlines section if it is supposed to be a humorous spin on the news. I’m all for freedom of speech, but if you are going to editorialize in what is supposed to be consider the news section, you are going to anger a lot of folks.

But then again, I am guessing you got a lot of clicks on this article and lots of responses.

BigTimeTECHFan

November 19th, 2013
1:30 pm

” that cares nothing about football or the availability of ‘hotties,’ the choice is clear”
Both wrong
Football – Tech has an awesome Football program, won National championship more recent then any other team in the state
Hotties – Tech campus is in heart of ATL, go out to Buckhead on a Friday and Sat night and there are plenty, more then any place else in the state.

Who Cares?

November 19th, 2013
1:32 pm

George Mathis, you’re a writer for the AJC. That in itself validates that you aren’t a Tech graduate.

Gerald

November 19th, 2013
1:36 pm

@DesignerJacket:

All right then. Why not submit a list of what George Mathis is allowed to joke about that will not offend you. And when you are done, add to that list what will not offend the other 6 billion (or so) people on this planet. At that point, what will he – or anyone – be able to joke about? (Except that “we are not allowed to joke about anything anymore” will certainly be on the list, making it internally inconsistent. You being a Tech guy would know the implications of that.) Here is the deal: unless you are using a random joke generator (VeggieTales episode, don’t ask) telling jokes means making fun of someone or something.

Also, if you are calling 36% female “evening out” when some colleges are as much as 80% female (Clark Atlanta University is 75%, and if it weren’t for their scholarship sports teams it would be even more female) you are simply choosing to be offended over Mathis’ actual point. What was his point. Nothing. Why? Because it was a joke that was not meant to be taken seriously in the first place.

DesignerJacket

November 19th, 2013
1:38 pm

Not offended. But facts are facts, and he doesn’t bother to find any of them.

DesignerJacket

November 19th, 2013
1:44 pm

I’m saying, why does everyone rag on Tech for being 64% male while it should be seen as JUST AS MUCH OF AN ISSUE to people that a bunch of other big schools (and one very large, very popular one in Clark County) are almost that lopsided to the other side. Why no social stigma with that? At least Tech has been working on it and improving in this. Current freshmen classes are nearing 40% female. Anyway, if anyone is shocked that Tech grads wouldn’t like to have a compliment soured with something that feels like “and you still suck” then THAT should be what’s crazy. Be proud of something or don’t, but we’re not going to like getting the tired and unfair stereotypes thrown at us YET AGAIN by another journalist who doesn’t take the time to understand what he’s writing about…even it’s just to say “LOLnerdzLOL” at us.

Obama Is Wrong

November 19th, 2013
1:51 pm

Gerald,

I’m not sure of the point(s) you are trying to make? Are you saying that it was easier to get into Tech when I came along? I’m not sure what the influx of northerners would have to do with it? Tech has always been a tough place to get into and an even tougher place to graduate from. I would even say it was harder to graduate from in my day than today. Today’s TECH students have a LOT more resources available to them (grad student tutors, mentoring, etc.) than we had back then. We were told we were expected to work approx. 3 hours outside of class on homework/projects for every hour of class we had. I graduated in four years. There were no AP courses when I came along and I wasn’t able to get any credit for AP like today’s students.

To this day, going through Tech was the toughest thing I’ve ever done. It not only taught me the courses I needed to succeed, it taught me to use the tools I had available and to look for those tools/info I didn’t have, to get the job done.

It isn’t about the economy, or how easy it is/was to get into Tech, or what country you’re from. It is about having the drive to succed no matter what obstacles are in your way. Git’r done. Everything else is just excuses.

My son also went to Tech. He is working 60+ hour weeks and is on track to have a net worth > $1 million a lot sooner than I did. He has an engineering degree and his Tech degree is what helped get him his job. He saw how hard I worked and he understands that if he wants to succeed, he will also have to work hard, but the rewards will be worth it. I provided him the tools, the rest he is accomplishing on his own.

George Mathis

November 19th, 2013
1:51 pm

Lighten up gang! This is supposed to be a fun corner of AJC.com … I am a big fan of Tech, its students, football program and everything else you like.

JC

November 19th, 2013
1:53 pm

So UVA doesn’t count as a “southern” university ..go hoos

Bill Clinton's Love Child

November 19th, 2013
1:56 pm

Mathis, you hit a nerve with this one didn’t you! To lighten the mood I think I would suggest some of the folks on this blog (who shall remain nameless) go back and read your “Woman having sex at Waffle House uses burger for sandal” article from last week.

On a side note, developing a sandal made from a burger sounds like quite an engineering feat so she must have graduated from Tech, right? Is there anyway you can contact the Loganville police department and find out for sure?

DesignerJacket

November 19th, 2013
1:57 pm

A comment buried on the 5th page pandering with “Hey, I like what you guys like” is the same thing as fixing it, right? Everyone else who read it will now understand not to accept the various little ignorant jabs you took in the article as truth, right? Yep, this is totally clears the air…

George Mathis

November 19th, 2013
1:59 pm

Anything north of Graceland is not south enough for me to call it Southern. My apologies in advance to anyone this offends.

say what?

November 19th, 2013
2:06 pm

I am falling down laughing. Not at the GT comments, but the “airing out” his penis story. I clicked and dude first reached down his underwear, smelled his fingers, and then dropped his bottoms. Funnay News to Me.

Folks don’t click to this area of the ajc.com if you are not up for laughter or a “say what?”

Dwayne

November 19th, 2013
2:07 pm

Obama is wrong, you are right, roll up your sleeves and work hard, stop looking for handouts. I graguated from high school, went to work for 2.90 per hour. I am 51 now, work 46 to 50 hours a week at one job and 6 to 8 hours part time at another. Made over 100,000 dollars last year. No where close to ever being a millionaire, but I earned all I got.

Dwayne

November 19th, 2013
2:08 pm

^^^^ dont make 2.90 anymore ^^^^