Want to Become a Billionaire? Study Engineering

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iStock

If you want to get rich—really, really rich—chances are, you should get yourself an engineering degree. As The Telegraph reports, a new analysis from the UK firm Aaron Wallis Sales Recruitment finds that more of the top 100 richest people in the world (according to Forbes) studied engineering than any other major.

The survey found that 75 of the 100 richest people in the world got some kind of four-year degree (though others, like Bill Gates and Mark Zuckerberg, attended a university but dropped out before graduation). Out of those who graduated, 22 of those billionaires received engineering degrees, 16 received business degrees, and 11 received finance degrees.

However, the survey doesn't seem to distinguish between the wide range of studies that fall under the "engineering" umbrella. Building a bridge, after all, is a little different than electrical engineering or computing. Four of those 100 individuals studied computer science, but the company behind the survey cites Amazon's Jeff Bezos (who got a bachelor's degree in electrical engineering and computer science from Princeton) and Google's Larry Page (who studied computer engineering at the University of Michigan and computer science at Stanford) as engineers, not computer scientists, so the list might be a little misleading on that front. (And we're pretty sure Bezos wouldn't be quite so rich if he had stuck just to electrical engineering.)

Aaron Wallis Sales Recruitment is, obviously, a sales-focused company, so there's a sales-related angle to the survey. It found that for people who started out working at an organization they didn't found (as opposed to immediately starting their own company, a la Zuckerberg with Facebook), the most common first job was as a salesperson, followed by a stock trader. Investor George Soros was a traveling salesman for a toy and gift company, and Michael Dell sold newspaper subscriptions in high school before going on to found Dell. (Dell also worked as a maitre d’ in a Chinese restaurant.)

All these findings come with some caveats, naturally, so don't go out and change your major—or head back to college—just yet. Right now, Silicon Valley has created a high demand for engineers, and many of the world's richest people, including Bezos and Page, earned their money through the tech boom. It's plausible that in the future, a different kind of boom will make a different kind of background just as lucrative. 

But maybe don't hold your breath waiting for the kind of industry boom that makes creative writing the most valuable major of them all. You can be fairly certain that becoming an engineer will be lucrative for a while.

[h/t The Telegraph]

Tax Day for Americans Will Be Pushed Back to July 15

Enterline Design Services LLC
Enterline Design Services LLC

On Friday morning, less than a month before the American tax filing deadline of April 15, treasury secretary Steve Mnuchin announced via Twitter that Tax Day will be pushed back by three months—to July 15, 2020—in order to allow individuals and businesses dealing with the physical, financial, and logistical repercussions of the coronavirus pandemic some extra time to get their financial matters in order.

While the date change applies to all American individuals, businesses, and organizations—and no interest or penalties will accrue during this time—Mnuchin, in a second tweet, did suggest that anyone who has completed their taxes submit them now "to get your money."

No further details were given, though we're sure a more detailed statement will be coming as, at the time of publication, even the IRS's site still noted April 15 as the deadline.

In 1861, President Abraham Lincoln created the first income tax as a way to cover Civil War expenses. Calculating what you owed was a lot easier back then: It was a 3 percent flat tax on all incomes above $800. But it wasn't until 1913, with the passage of the 16th Amendment, that Congress formalized a nationwide income tax. Originally, Tax Day was March 1; a few years later, it was pushed back to March 15.

In 1955, revisions to the tax code moved the date back again to April 15, though there have been some exceptions. In 2016, 2017, and 2018, Americans got a few extra days to file because Tax Day cannot fall on a Saturday, Sunday, or legal holiday. But why did it move from March 1 in the first place? The IRS claims it needed more time to process returns, but tax experts believe that an increase in refunds for the middle class meant the agency wanted to hold onto its money longer and collect interest.

We're Hiring a Part-Time Editorial Assistant

zakokor/iStock via Getty Images
zakokor/iStock via Getty Images

Mental Floss is hiring a part-time editorial assistant for our New York City office (though part of your hours can be worked remotely). We’re looking for a rabidly curious individual who is interested in contributing to various aspects of MentalFloss.com.

You can write about almost anything, and you will: Why Paraguay loves Rutherford B. Hayes. What people did for fun in the 16th century. Why the Teenage Mutant Ninja Turtles were so obsessed with pizza. Chaucer. Mini-golf. Drones. Why Syrian golden hamsters spend so much time at the liquor store.

In addition to writing, researching, photo sourcing, web production, and pitching story ideas, you’ll have the opportunity to assist our social media editor with conceptualizing and executing ideas for our Facebook, Twitter, and Instagram channels and sharing the new content we post daily. You’ll also have the chance to work with our video team to write and produce our slate of YouTube series; pitch in on our new podcast; and be a part of our monthly team brainstorms. This is a fantastic opportunity for someone looking to learn the digital publishing industry from the ground up, to be able to contribute to some fun (and sometimes bizarre) projects, and to earn some bylines on our Webby Award-winning website.

You’ll be working approximately 15-20 hours per week (and can spend some of that time working remotely, though onsite hours will be required). The position starts ASAP and pays $15/hour. Though it’s scheduled to be a two- to three-month position, the opportunity to continue on after that may be possible.

Ideal candidates will have:
- At least one year of writing and/or editing experience (classes, school-based projects, and/or personal blogs or websites count)
- A natural curiosity and the ability to generate tons of story ideas and execute timely stories on tight deadlines
- Strong attention to detail and multitasking skills
- Energetic, positive written voice, and the ability to translate complicated concepts into accessible writing
- Strong research skills
- Ability to work and collaborate with a team

Click here for more information, and to submit your application.

We look forward to hearing from you!

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