The 15 Most Important Degrees for Entrepeneurship
• John Vandivier
While conducting an EDA of the ACS PUMS data set, one interesting thing I encountered was the relationship between the undergraduate degree a person received and their rate of self-employment. This article discusses that finding.
Two variables regressed include FOD1P and FOD2P which are variables for the \"Field of Degree.\" I believe the degree referred to is the Bachelor's Degree as per the ACS questionnaire which allows an individual to name multiple field in question 12. Statistically, after correcting for a number of variables the FOD2P variable was insignificant.
Most individuals only have one undergraduate degree and/or one major field for their undergraduate degree. However, a significant number of individuals do not follow that pattern. When an individual lists multiple fields for their Bachelor's Degrees, there is no mechanism in the survey to detect:
- Whether multiple fields belong to separate degrees, or whether a single degree has multiple major fields
- Which order the degrees were obtained in
- General Agriculture
- _fod1p1, field code 1100, B = .091
- Agricultural Production and Management
- _fod1p2, field code 1101, B = .110
- Agricultural Economics
- _fod1p3, field code 1102, B = .126
- Animal Science
- _fod1p4, field code 1103, B = .093
- Plant Science and Agronomy
- _fod1p6, field code 1105, B = .086
- Architecture
- _fod1p12, field code 1401, B = .104
- *Educational Administration and Supervision
- _fod1p27, field code 2301, B = -.077
- Zoology
- _fod1p88, field code 3609, B = .071
- Fine Arts
- _fod1p139, field code 6000, B = .075
- Music
- _fod1p141, field code 6002, B = .085
- Visual and Performing Arts
- _fod1p142, field code 6003, B = .079
- Commercial Art and Graphic Design
- _fod1p143, field code 6004, B = .091
- Film Video and Photographic Arts
- _fod1p144, field code 6005, B = .131
- Studio Arts
- _fod1p146, field code 6007, B = .076
- Health and Medical Preparatory Programs
- _fod1p153, field code 6106, B = .103