Share

Wits tops for producing millionaires

Johannesburg - Wits University is the only African university chosen by top international recruiters to be ranked in the Global Employability University Ranking which was published in the New York Times recently.

The ranking is a list of the top universities as selected by more than 5 000 recruiters, including CEOs and chairpersons from top companies in 30 countries, who were asked to rank universities based on the employability of their graduates.

Each could cast 10 votes and they were also allowed to add additional universities. Wits came in at 139 on the list.

Ever wondered which universities produce the most millionaires?

Wits is ranked 57th in the world for producing the most number of alumni millionaires according to a study compiled for Spear’s magazine.

Wits came in ahead of the University of Colorado (58), Brown University (63), the London Business School (64), Stanford Business School (68), Monash University in Australia (74) and the University of Cape Town (80).

The study also lists which subjects produced the most millionaires, with engineering coming first, followed by an MBA, economics and law - although according to Spear’s, millionaires produced by these subjects have often left their degrees behind in professional life.

Economy

This follows on the Times Higher Education ranking of universities that produce the most number of CEOs.

Titled the Alma Mater Index: Global Executives, the ranking puts Wits at 24 in the world (they list the top 100) placed above prestigious institutions such as New York University, Korea University, the University of Stuttgart and Texas A&M University, to name a few.

Wits is the highest ranked African institution on the list.

The University of Cape Town, the only other African university on the list, came in at number 79.

Wits vice-chancellor and principal Professor Adam Habib, said: "It's gratifying to know that as a university at the heart of the national and continental economy, Wits continues to provide the world with a growing cohort of world class African CEOs."

The ranking forms part of the global employability survey, an online survey conducted in 20 countries worldwide with the objective of describing the ideal university from a corporate perspective.
We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
19.07
+0.5%
Rand - Pound
23.60
+1.0%
Rand - Euro
20.32
+0.3%
Rand - Aus dollar
12.24
+0.5%
Rand - Yen
0.12
+0.4%
Platinum
943.20
-0.8%
Palladium
1,035.50
+0.6%
Gold
2,388.72
+0.4%
Silver
28.63
+1.4%
Brent-ruolie
87.11
-0.2%
Top 40
67,314
+0.2%
All Share
73,364
+0.1%
Resource 10
63,285
-0.0%
Industrial 25
98,701
+0.3%
Financial 15
15,499
+0.1%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders