Quote:
Originally Posted by dyna mo
Yes, the math is simple, of all the groups, from not having a higher education through a PHD, the largest group of CEOs have an MBA, 40%.
Now since most MBAs graduate with average grades, and they do, then it's fair to say that of the largest group of CEOs (40%), the majority of them have an average level of business education.
If you have something supporting your claim that most CEOs are not average, I'd be happy to check it out.  |
Here is a super good video which explains what an average is and how you would do the math to arrive at an average:
Fewer than 12% of Americans have ANY graduate degree. So anyone with an MBA (a graduate degree), by definition, has a higher level of education than 88% of the population. That is above average.
According to the
Census, 76.5% of Americans are adults and the population is approximately 316,128,839. 76.5% of 316,128,839 is 241,838,561 adults.
11.57% of adults having a graduate degree out of 241,838,561 is 27,980,721. Do you think we have 27 million CEOs in this country? We certainly do, if you are counting the guy down the street who owns the block donut shop and the webmaster who earns affiliate income without having to go to an office. I don't think that is what you mean by CEO though.
If you are talking about the number of people with MBA degrees versus the number of people who become CEO of a large corporation, the percentage who become CEO is tiny. Hence here again CEOs are not average.