Michael Bloomberg: 'Drop out of college, become a plumber'

(Baonghean.vn) - Should I continue studying at university, which school or vocational school...? In response to the concerns of young people, perhaps Michael Bloomberg - the American billionaire famous for his saying“Drop out of college, become a plumber”It may be possible to provide a direction by suggesting that the lecture hall is not everything.

Billionaire Michael Bloomberg is famous for his saying 'Drop out of college, become a plumber'. Photo: Internet

The road is not smooth

Michael Bloomberg was born in 1942 into a middle-class family in Massachusetts (USA). He graduated from Johns Hopkins University with a major in electrical engineering, then received an MBA from Harvard University.

During college, Bloomberg had to work as a parking attendant to pay for his tuition.

After graduating, Bloomberg started working in the safe department of Salomon Brothers New York - a financial services firm with a starting salary of only $9,000/year.

With much effort, by 1972, Bloomberg became a bond trader and also a shareholder here.

In 1979, Salomon Brothers CEO John Gutfreund asked Bloomberg to leave this position to move to lead the newly established computer systems division, but in fact it was a demotion.

In 1981, Salomon Brothers announced that it would go public after merging with the publicly traded commodities trading firm Phibro Corporation. However, Bloomberg was asked to leave the company with $10 million.

With the compensation money after leaving Salomon Brothers, he used 4 million USD to develop a computer system with 4 others to provide information and data to traders in the stock market.

His company was originally called Innovative Market Solutions. In 1982, Merrill Lynch became Bloomberg's first customer, ordering 22 MarketMaster programs.

They also spent $30 million to buy 30% of shares in Innovative Market Solutions. In the 80s, thanks to flexible policies, Bloomberg's company entered a period of brilliant development and he officially entered the list of the richest people in America.

In 1986, Bloomberg renamed the company after himself. At that time, Bloomberg was valued at $2 billion after only eight years of existence. Today, the company has offices around the world and operates in dozens of markets. Its financial information service has hundreds of thousands of subscribers.

In 2001, Bloomberg decided to enter politics by running for Mayor of New York City as a Republican.

He began his term in 2002 and helped New York rebuild after the 9/11 terrorist attacks. He received only a symbolic salary of $1/year for the position of Mayor.

After three terms as mayor, he decided to leave politics in 2013 and just one year after leaving his desk, Bloomberg returned as CEO of Bloomberg LP. Bloomberg.

With assets of more than 40 billion USD (Forbes announced in March 2016), he is currently the 8th richest person in the world.

Mr. Michael Bloomberg is currently the 8th richest person in the world. Photo: Internet

Sharing the secret to success, he said that you must know how to accept risks. Besides that, you must be persistent and tenacious:

“When I started my own company, every morning I would go downtown, buy a cup of coffee, take it to the Merrill Lynch building and approach the “target”. And I found my first client after 3 years”...

Besides being famous for his huge fortune, Michael is also known as a person who has made great contributions to charity and humanitarian work.

With a fortune of 40 billion USD, he has contributed billions of USD to funds for public health, environment, arts and education.

'Being a plumber is cool too'

At the annual meeting of leading financial services companies in the US, the billionaire said: "Today, if you are still hesitating between going to college or becoming a plumber, you have to consider a lot. If the boy cannot get into a good school, does not have academic ability, but is very quick when interacting with people or has skills like that, being a plumber will be a great job."

Of course, many people will have opinions about this, because Michael Bloomberg attended the most prestigious schools in America.

But if we think about it logically, we can easily see that even after having a university degree, it is still not easy to find a job. Meanwhile, the manual labor sector has many choices, such as “being a plumber” as Michael Bloomberg once said.

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