S&P 500 CEO’s: Engineers Stay at the Top
Posted on August 20, 2009 Comments (12)
2008 Data from Spencer Stuart on S&P 500 CEO (link broken so it was removed, it is so sad that companies still pay people to manage web sites that don’t even understand basic web usability principles such as web pages must live forever) shows once again more have undergraduate degrees in engineering than any other field, increasing to 22% of CEO’s this year.
||% of CEOs|
|No degree or no data||3||3|
In 1990 Engineering majors accounted for 6% of the bachelor’s degrees in the USA (1970 5%, 1980 7%). Business accounted for 23% of the majors in 1990 (1970 14%, 1980 21%). Liberal arts 3% in 1980 (1970 1%, 1980 2%).
The report does not show the fields for the rest of the CEO’s. 39% of S&P CEOs have MBAs. 28% have other advanced degrees. The University of Wisconsin-Madison and Harvard tied for the most CEO’s with undergraduate degrees from their universities at 13. Princeton and the University of Texas had 9 and Stanford had 8.
While the CEO’s have engineering education backgrounds the work they have done is often in other functions. The top function that CEO’s that have worked in during their careers: Operations (42%), Finance (31%), Marketing (24%), Sales (17%), Engineering (11%).
Data for previous years is also from Spencer Stuart: S&P 500 CEOs are Engineering Graduates (2007 data) 2006 S&P 500 CEO Education Study – Top degree for S&P 500 CEOs? Engineering (2005 study)