Where do China's rich vs American wealthy families send their children to study? What majors do they study?

2024-05-15 13:26:02

Where do China's rich vs American wealthy families send their children to study? What majors do they study?

Letsight

2024-05-15 09:00Published in Beijing

Where do China's rich vs American wealthy families send their children to study? What majors do they study?

Zong Qinghou, the founder of Wahaha, passed away, a generation of legends came to an end, and Zong Fuli, the head of a new generation, once again entered the public eye.

Zong Fuli, who can be called the first batch of international students, her study abroad experience is also presented in front of everyone.

For a long time, whether in China or the United States, the education of the children of successful entrepreneurs in society has attracted much attention.

They have a huge amount of wealth and a lot of social resources in their hands, and if nothing happens, their next generation will inherit these wealth and resources.

Therefore, these wealthy families pay more attention to the education of their children, and have more insight and insight into education.

By looking at the education that wealthy families choose for their next generation, perhaps we can learn from their education.

Where are the children of China's wealthy studying abroad?

As early as 2014, a Hurun Research Institute's "2014 Overseas Education Special Report" showed that 90% of billionaires choose to send their children abroad.

Among the multimillionaires, 80% of them choose to send their children abroad, and the first place is the United States. It can be seen that studying abroad education is a must for these top wealthy families.

According to the rich families on the Forbes Chinese Mainland Rich List, while collecting information on the Internet, you can intuitively see where Chinese rich families like to send their children to study.

万达集团少东家的王思聪小学就读于新加坡Swiss Cottage,中学就读于英国Winchester College,大学毕业于伦敦大学学院哲学系。

Zhong Shuzi, the son of Nongfu Spring, graduated from the University of California, Irvine, majoring in English.

Ren Zhengfei's youngest daughter, Yao Anna, graduated from Harvard University with a degree in computer engineering and statistics.

Pan Shiyi's second son, Pan Rang, was admitted to Yale University, and his youngest son, Pan Shao, was admitted to Harvard University.

Ma Yun's son Ma Yuankun, according to media reports, only knows that he studied at the University of California, Berkeley in the United States, and there is little other information.

Liu Qing, the daughter of Liu Chuanzhi, the founder of Lenovo Group, was first admitted to Peking University, studied computer science, and then entered Harvard University to continue her computer studies.

Zhang Kangyang, the son of Zhang Jindong, chairman of Suning Holding Group, studied at the age of 15 at Moxisburg College, a traditional elite high school in Pennsylvania.

During his time at the university, he won a number of science and engineering awards, including the second place in the "National Robotics Competition", and also won the "Presidential Education Program Award", and was selected as an honorary graduate of the school.

He also received offers from many prestigious universities such as Massachusetts Institute of Technology and Duke University, and chose the Wharton School of the University of Pennsylvania, an Ivy League school, to obtain a bachelor's degree in economics.

The children of the rich gather to study in Ivy League and G5 schools, which shows that top schools are always their first choice. This is not only because of a strong family background and resources, which can make it easier for them to be favored by prestigious schools.

Moreover, the alumni associations of these prestigious universities bring together elites from all over the world in various fields, and they can get to know many top resources and contacts, which also has a great effect on the development of their family business.

There are also special circumstances, Zong Qinghou's daughter Zong Fuli, who has just taken over as the chairman of Wahaha, transferred abroad to study at San Marino High School in California when she was in high school, and later graduated from Pepperdine University, majoring in international business.

Pepperdine University is ranked 76th in the 2024 U.S. News Overall Ranking of American Universities, and the QS World University Rankings are ranked outside the top 500.

and Yang Huiyan, the daughter of Yang Guoqiang, the founder of Country Garden Group, who graduated from Ohio State University with a degree in marketing and logistics.

What school do the children of the wealthy 1% of wealthy families in the United States attend?

The New York Times has conducted a survey of 2,395 colleges and universities in the United States, and counted the proportion of students in the top 1% of families with annual household income in the United States (annual household income of more than 630,000 US dollars, equivalent to 4.3 million yuan) and ranked them.

The top 10 schools favored by the 1% of wealthy families in the U.S. are:

Colorado College, Washington University in St. Louis, Colgate University, Washington & Lee University, Trinity College, Middlebury College, Colby College, Georgetown University, Bates College, and Tufts University.

Shockingly, 7 out of 10 colleges and universities are liberal arts colleges, and the top school we are familiar with, Hapujesma, did not make the list, let alone the top 10.

At the top of the list is Colorado College, with a whopping 24% wealthy 1% and a median household income of $277,500, with 78% of students coming from the top 20% of income families in the United States.

Colorado College is a private liberal arts college that is ranked 29th in the ranking of liberal arts colleges.

The school uses a unique "Block Plan" teaching concept, which divides a semester into four three-and-a-half-week modules, during which students concentrate on one subject, all of which are studied in the form of seminars.

There is also Colgate University, nicknamed "Colgate University", which ranks 21st among liberal arts colleges in the United States, and 23% of students come from the top 1% of families.

Its core curriculum has been recognized by the Association of American Colleges as "a model of liberal arts education in the 21st century" and is the first choice for elite children.

There are also Washington and Lee universities, Trinity College, Middlebury College, Colby College, etc., these liberal arts colleges have not even made it to the top 10 in the United States.

Among comprehensive universities, Washington University in St. Louis has the blue eyes of the richest 1% of families, with a median household income of $272,000.

It is followed by Georgetown University and Tufts University, but these comprehensive universities are only around the top 20 in the United States.

Notably, Tufts University's Fletcher School of Law and Diplomacy is among the best in the nation;

Georgetown University is known as the "American version of Renmin University" and "Politicians' Paradise", and its international relations are leading in the United States. Washington University in St. Louis is ranked in the top 13 for business.

Why is there such a big difference in the education of the wealthy class in China and the United States?

By comparing the preferences of wealthy families in China and the United States to choose schools for themselves, it is not difficult to see that wealthy families in China value the aura of traditional prestigious schools, while wealthy families in the United States are more inclined to choose small and exquisite liberal arts colleges.

But this is only the result of school choice, and it is worth paying more attention to why they made such a choice.

1. China's wealthy class prefers "traditional prestigious schools"

On the one hand, the reason why Chinese tycoons choose these world-renowned universities is that Chinese people have a deep affection for traditional famous schools, and in the eyes of many people, those who can enter famous schools must be the pride of heaven.

Studying abroad has always been considered by the public to be "gilded", so if the second generation of people born into wealthy families can be plated with more advanced gold overseas, it means that the class gap has been further widened and they have become the object of ordinary people's admiration.

So in the case of options, prestigious schools must be the first choice.

On the other hand, top institutions are home to some of the brightest minds in the world, and being able to get into them means having access to these top connections.

For these rich second generations who are going to start a business or inherit the family business in the future, it is definitely of great benefit.

Except for Wang Sicong, who chose philosophy, most of the majors chosen by the children of China's wealthy class are in line with the family business.

It's either business administration or computer science, and even Zhong Shuzi, the son of Zhong Sui, a farmer who majored in English, is likely to help companies expand their overseas business.

Therefore, in the choice of majors, the Chinese wealthy class is more pragmatic and purposeful, and all choices focus on the needs of enterprise development, and the professional choice of connecting class people is no exception.

Therefore, the Chinese wealthy class attaches more importance to traditional famous schools in the choice of schools, attaches importance to the halo blessing brought by famous schools, and attaches more importance to "usefulness" in the choice of majors.

2. The wealthy class in the United States prefers "small circles"

This is not to say that Americans do not have the halo of prestigious schools, but for the wealthy class of Americans, it may be that connections and small circles are more reliable than the ethereal halo of elite schools.

The wealthy class in the United States is more likely to embrace a small circle culture, and wealthy families tend to place more emphasis on family inheritance.

Some of these families have their grandparents studying here, and some have a fixed fund donation for their studies, so they prefer to choose a liberal arts college with deep roots in the family.

The College of Arts and Sciences has always been the representative of elite education, and the liberal arts education advocated by the College of Arts and Sciences has always been oriented towards the elite class, not the masses.

Liberal arts education is about learning everything in layman's terms, but it doesn't include hard skills, and that alone has turned away the middle class who are looking for a return on investment.

And those who stay are not bad for money, focusing on cultivating their interdisciplinary ability, innovation ability, leadership, social skills, etc.

Because for this class, hard skills are often not the most important, while soft power may be more important.

High tuition fees further limit access to the general class, and most of the students in these schools are either rich or expensive, and it can even be said that the schools have distilled some of the better high-net-worth connections for students.

In addition, liberal arts colleges are known for being small and delicate, which means that the relationship between students and between students and teachers is closer.

Then educational resources can be more focused on a certain student, and the close teacher-student relationship is also conducive to the formation and consolidation of small circles.

However, it is worth noting that there are three comprehensive universities that are most favored by the wealthy 1% of wealthy families in the United States.

The overall scale of these three schools is not large, and they are all known for their majors in political science and business, and most of the students produced by these schools are active in the political and business circles.

It can be seen that the wealthy class in the United States is mainly small and delicate in choosing schools, and pays more attention to the cultivation of soft power in the choice of majors.

Is it good or bad to get into a school with a lot of rich second generations?

Entering a university with a rich second generation, such as the schools mentioned above, high-quality connections can be found everywhere, which is still very beneficial for accumulating contacts.

Moreover, the importance of networking is self-evident when looking for a job in the United States, but alumni who know each other in a company will have more opportunities to receive interviews, and internal referrals are not a problem.

Moreover, these schools with more rich second generations will generally accept huge donations from their families, and the school has abundant operating funds, so the investment in software and hardware of the school will be better, and the teachers will be better.

Maybe the scholarship will give you more.

However, we should not ignore the negative factors. If you come from an ordinary family, you are likely to be under a lot of pressure when dealing with the children of the super-wealthy.

On the one hand, there is the pressure of consumption, when your companion is full of luxury, goes out to change sports cars, goes to the top Michelin restaurant on a date, and there will be a lot of pressure to socialize normally in the long run.

On the other hand, there is a gap in thinking, and the children of the super-rich may have been dealing with people in politics and business since childhood, and if they do not have these relevant experiences, it will be difficult to communicate with each other.

In particular, the differences between yourself and your classmates are shown in the discussion of some issues in class, which can have a great impact on self-confidence over time.

Therefore, it is not necessarily good to choose a school with many rich second generations, and it is not necessarily bad.

After all, it comes back to that topic, there is no one-size-fits-all formula to help you choose the most perfect school and major, and the experiences and choices of others can only be used as a reference.

The key is to start from reality and find the school and major that best matches your child.

Where do China's rich vs American wealthy families send their children to study? What majors do they study?
Where do China's rich vs American wealthy families send their children to study? What majors do they study?
Where do China's rich vs American wealthy families send their children to study? What majors do they study?
Where do China's rich vs American wealthy families send their children to study? What majors do they study?
Where do China's rich vs American wealthy families send their children to study? What majors do they study?
Where do China's rich vs American wealthy families send their children to study? What majors do they study?
Where do China's rich vs American wealthy families send their children to study? What majors do they study?
Where do China's rich vs American wealthy families send their children to study? What majors do they study?
Where do China's rich vs American wealthy families send their children to study? What majors do they study?
Where do China's rich vs American wealthy families send their children to study? What majors do they study?
Where do China's rich vs American wealthy families send their children to study? What majors do they study?
Where do China's rich vs American wealthy families send their children to study? What majors do they study?
Where do China's rich vs American wealthy families send their children to study? What majors do they study?

Where do China's rich vs American wealthy families send their children to study? What majors do they study?

Where do China's rich vs American wealthy families send their children to study? What majors do they study?

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