Business Administration: Creates Billionaires
Business Administration: Creates Billionaires
How does a Business administration course create a path to affluence for the most acknowledged billionaires in the world?
Business administrators deal with the efficiency of a company’s day-to-day business. Business administration students learn about effective forecasting, strategic planning and research, and entrepreneurship. These skills are critical to success in an entrepreneurship business environment and provide graduates with the opportunity to make powerful and critical decisions for their company.
Business administration actively develops traits or attributes which will objectively identify the “ideal executive” who is equipped to cope effectively with any problem in any organization from a global perspective.
It is a program that understands the importance of skill, which implies an ability that can be developed, not necessarily inborn and manifested in performance, not merely in potential. Therefore you have heard of these billionaires making it into the big ocean of entrepreneurs. They are aware of the skills needed to survive. The required drive to exercise those skills as part of their daily lives were poured into actions rigorously. Here is the list of billionaires with business administration-related education.
Warren Buffett
Berkshire Hathaway
Age: 90
Net worth: $105.6 Billion
Education: Business administration, economics
“You’ve got to understand accounting. You’ve got to. That’s got to be like a language to you,”
Michael Bloomberg
Bloomberg LP
Age: 79
Net worth: $59 Billion
Education: Electrical engineering, business administration
“Being an entrepreneur isn’t really about starting a business. It’s a way of looking at the world: seeing opportunity where others see obstacles, taking risks when others take refuge.”
Forrest Mars, Jr.
Mars Inc.
Age: Deceased
Net Worth: $22.9 billion
Education: Bachelor of Arts / Science, Yale University; Diploma, The Hotchkiss School; Master of Business Administration, Leonard N. Stern School of Business
“If you make a really good product that people want and are willing to pay for, money will come.”
Len Blavatnik
Access Industries
Age:64
Net Worth: $32.3 billion
Education: Master of Science, Columbia University; Master of Business Administration, Harvard Business School; Bachelor of Arts/Science, Moscow State University
“I didn’t want to write for pay. I wanted to be paid for what I write.”
Phil Knight
Nike
Age:83
Net Worth: $61.6 billion
Education: Master of Business Administration, Stanford Graduate School of Business; Bachelor of Arts/Science, University of Oregon
“When you make something, when you improve something, when you deliver something, when you add some new thing or service to the lives of strangers, making them happier, or healthier, or safer, or better, and when you do it all crisply and efficiently, smartly, the way everything should be done but so seldom is—you’re participating more fully in the whole grand human drama. More than simply alive, you’re helping others to live more fully, and if that’s business, all right, call me a businessman. Maybe it will grow on me. “
Abigail Johnson
Fidelity Investments
Age:59
Net Worth: $23.5 billion
Education: Master of Business Administration, Harvard Business School; Bachelor of Arts/Science, Hobart and William Smith
“When everyone is running the machine, and it’s all working, there’s a tendency to look at the short term and focus on incremental opportunities and not look ahead to the really big opportunities.”
Ray Dalio
Bridgewater Associates
Age:72
Net Worth: $20.3billion
Education: Master of Business Administration, Harvard Business School; Bachelor of Arts/Science, Long Island University
“Do not feel bad about your mistakes or those of others. Love them! Remember that one: they are to be expected; two: they’re the first and most essential part of the learning process; and three: feeling bad about them will prevent you from getting better.”
Ronald Perelman
MacAndrews & Forbes Holdings Inc
Age:78
Net Worth: $3.7 billion
Education:Bachelor of Arts/Science, University of Pennsylvania; Master of Business Administration, University of Pennsylvania, The Wharton School
“I was always fascinated by the decision-making process and the managerial process and just business in general.”
Ananda Krishnan
Usaha Tegas Sdn Bhd
Age:83
Net Worth: $5.5 billion
Education:Master of Business Administration, Harvard University; Bachelor of Arts/Science, Melbourne University
“I never did anything worth doing by accident, nor did any of my inventions come indirectly through accident, except the phonograph. No, when I have fully decided that a result is worth getting, I go about it, and make trial after trial, until it comes.”
John Paulson
Paulson & Co.
Age:65
Worth: $3.5 billion
Education:Master of Business Administration, Harvard Business School; Bachelor of Arts/Science, New York University
“An administration that supports growth supports everyone.”
Laurene Powell Jobs
Emerson Collective, Apple
Age:57
Net Worth: $21.2 billion
Education:Master of Business Administration, Stanford Graduate School of Business; Bachelor of Arts/Science, University of Pennsylvania, The Wharton School
“My relationship with money is that it’s a tool to be self-sufficient, but it’s not something that is a part of who I am.”
Charles Ergen
DISH Network
Age:68
Net Worth: $12.3 billion
Education:Bachelor of Arts/Science, University of Tennessee Knoxville; Master of Business Administration, Wake Forest University School of Business
“When you deal with change, you have a couple choices: you can lead it and make the rules, or you can be a fast follower, or you can be a slow follower.”
In conclusion, business administration provides and equips an individual with the right skill set, whether practical or technical, globally recognized. Their approach is primarily outcome-based education which develops and improves virtues of excellence and discipline. Because the learning mode is mostly practical instead of pure theory-based, every piece of information can help you in your daily life.
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https://www.uloop.com/news/view.php/103350/the-19-richest-billionaires-with-masters-degrees
https://hbr.org/1974/09/skills-of-an-effective-administrator