A lot of people say want become an entrepreneur and that STEM majors are the key to success. So my recent work busting myths made me wonder if humanities students could stand tall. Now the focus is on being a business. If you study technology, does that really help you become successful at startup? Or is there more to the story?
Become an Entrepreneur: STEM is all the rage in startup land.
If you go into the world of startups, you’ll see that STEM students are in charge, especially in North America. A huge 42% of unicorn founders have bachelor’s degrees in computer science, making it the most popular major. Engineering comes in second with 31%. But does this mean that the secret to a startup’s success is hidden in a few lines of code?
Become an Entrepreneur: This is where business and engineering meet in the graduate scene.
When you look at the founders’ higher school records, the trend doesn’t go away. Both unicorn and random group founders say that business is the best field to study after college. Computer science and engineering are still very important. It’s interesting that only 10% of unicorn founders come from areas related to the humanities, like law.
How to Break the Code: Unicorn Dreams and Odds Ratios
Professor Ilya Strebulaev’s research looks into more than just numbers. It looks into how likely it is that someone will start a startup company. In this journey based on data, the odds ratio measures the number of unicorn founders in a certain subject area to the number of founders in a random sample. For example, computer science majors have a 1.5 chance ratio, which means they are 1.5 times more likely to start a unicorn company.
Become an Entrepreneur: How to Get From Correlation to Causation: The Debatable Conclusion
Some people think this isn’t just a correlation because of all the data; they think it’s cause and effect. The comments on the study include both tips for high school students who are interested in computer science and words of support for those who are still going after a career in CS even though the job market is tough.
Gender bias and too much technology: questioning the story?
Even though the study is getting a lot of notice, people are speaking out against possible biases. Is there a bias against women? Does the fact that there are too many tech and software companies in the group change the results? The talk goes beyond data and includes deep dives into the complicated worlds of education, business, and the choices we make.
Beyond Degrees and Data: The Final Say
So, does a humane education have a chance in the business world? It’s clear from the numbers and stories that STEM majors do well, but they’re not the only ones who can make a company successful. People who become entrepreneurs have as many different paths they can take. The most important thing might not be the degree, but the drive, determination, and creativity that each creator brings to the table.
Startups are fast-paced places, and it’s not just the code that makes a good founder. It’s also the story, the drive, and the unique mix of skills that make someone great.