This was taken from the Fortune Small Business article here.
Admittedly, little research has been done on the effectiveness of various types of entrepreneurship education. But intriguing results came from a 2002 study at the University of Arizona.
Researchers found that five years after graduation, the average annual income for entrepreneurship majors and MBAs who concentrated in entrepreneurship at the school was almost $72,000, or 27 percent higher than for other business majors and students with standard MBAs.
Moreover, entrepreneurship graduates were three times more likely to form new companies. And we’re not talking mom-and-pop shops. On average the businesses had annual sales of $50 million and employed 200.
Even those entrepreneurship graduates who took jobs within large companies earned bigger paychecks: $23,500 more a year on average than for other business graduates. Of course, students ambitious enough to enroll in entrepreneurship classes in the first place are likely to be more driven and confident than their peers. Even so, the gap in numbers is striking.
Wow. Kinda makes me want to get a degree in entrepreneurship and kinda makes me like my current decision not to. I talked more about this with my brother and he thinks I should at least get an associates degree just so I can say I have a degree. I agree with him somewhat but I still don’t like the thought of taking all those useless classes. I was surprised to see that the percent of those that graduated from college was less then the percent of those who thought I should go to college.
The entrepreneurship study was taken from the University of Arizona and in another Fortune Small Business article they list the U of A as one of the top 10 colleges for entrepreneurs. The U of A is in Tucson which just so happens to be right down the road. It’s also where my brother went to get his bachelors degree. Hmm…
5 Comments
I’m not sure what you mean by “useless” classes. Not to…I can’t even think of the word…but I almost think you’re thinking about college too narrowly. It is not just there to prepare you for a job, but to give you a final chance to round yourself out and try new things before you fully integrate into society. It’s more than job training, it’s a chance at personal growth that you can’t really get anywhere else.
Posted by Elyse on Feb 28, 2006.
When I say useless classes I’m refering to the basic english, math, and science classes. I just don’t see how they will help me have personal growth or integrate into society. I understand why you should take them in high school so you can learn what your interests are, but I think that by the time you get out of high school you should have a pretty good idea of what you like and what you don’t like. If, in college you have a chance to do something that is new and interesting to you I would say do it, and I will. I’m just not going to take extra classes to find out what those new and interesting things are.
Posted by Mattbob on Feb 28, 2006.
I understand. English you still have because of books. Because there are so many books out there. The analytical skills involved in literature is important, I think, at least. I do advanced English for the reading, honestly. Math– well…pretty sure I’ll be done with AP Calc A by the time I’m done with high school and I don’t see what other use I’d have with that. I say with Math you only have to go so far. Science is important though, I think. It opens your eyes to see the world in different ways. In deeper ways. I don’t like a lot of science classes either. But try theoretical science classes if you have to take them. Those kinds of classes blow your mind and leave you amaze.
I guess what I’m saying is you get what you put in. It’s all about your outlook and perspective. If you’re going to go about it like all the classes are worthless, then they will be. Or you take a different approach.
Posted by Elyse on Feb 28, 2006.
I definitely agree with you there. Usually it’s obvious how much effort I put into a class based on the grade I get and how much fun I’ve had. A theoretical class would be new and interesting to me so I would probably put more effort into it and have fun taking it.
First graders are excited to go to school for the first time but after 12 years I don’t want to take anything that will be the same old stuff. One thing you’ll probably learn about me is that I absolutely hate to waste time. I guess I already have a negative outlook on a lot of these classes and it’s because I feel they’ll be a waste of time. I like to learn. I don’t like to waste time (and money).
Posted by Mattbob on Feb 28, 2006.
yes not school is not needed
Posted by john mattew on May 31, 2006.