Educational Attainment of Business Owners in the United States

Summary of Study

Bottom Line: In an analysis of educational attainment among U.S. entrepreneurs who start employer businesses, there is considerable variation among educational outcomes. However, education varies little by gender. Asian entrepreneurs tend to be more educated, while Hispanic entrepreneurs tend to have less education. 

Approximately half (51.4%) of all entrepreneurs held at least a bachelor’s degree, with 28.8% holding this as their highest level of educational attainment. 

About one-in-five (19.2%) entrepreneurs’ most advanced degree is from high school. A similar portion (22.6%) hold a graduate degree. 

A small portion of entrepreneurs (3.6%) has not completed high school. Similarly, small portions have completed vocational school (5.9%) or hold an associate degree (5.5%). 

Educational attainment by entrepreneurs was similar among men and women. 

Among races, however, the educational outcomes differ significantly. The share of Hispanic entrepreneurs with less than a high school degree (12.8%) was more than four times the share of African American entrepreneurs (2.8%) or White entrepreneurs (2.9%) with this level of educational achievement. The portion of entrepreneurs who completed high school and had no further schooling was highest among Hispanic entrepreneurs (24.8%) and lowest among African American entrepreneurs (15.5%).

Asian entrepreneurs (29.6%) and White entrepreneurs (29.1%) were most likely to hold a bachelor’s degree as their highest level of education. Hispanic entrepreneurs  (18.7%)  were least likely to hold a bachelor’s degree as their highest level of education. The highest proportion of entrepreneurs with graduate degrees was among African American entrepreneurs (30.3%), followed closely by Asian entrepreneurs (28.0%). Hispanic entrepreneurs (16.9%) were the least likely to have obtained a graduate degree.

Read the full study HERE

 

 

Feature Charticle

Educational Attainment of All Entrepreneurs

Kauffman Foundation

Findings:

  • Approximately half (51.4%) of all entrepreneurs held at least a bachelor’s degree, with 28.8% holding this as their highest level of educational attainment. 

  • About one-in-five (19.2%) entrepreneurs’ most advanced degree is from high school. A similar portion (22.6%) hold a graduate degree. 

  • A small portion of entrepreneurs (3.6%) has not completed high school. Similarly, a small portion has completed vocational school (5.9%) or an associate degree (5.5%). 

  • Educational attainment by entrepreneurs was similar among men and women, yet differs significantly by race. 

Read the full study HERE.