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 offer a direction by arguing 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 degree in electrical engineering, then earned an MBA from Harvard University.

During college, Bloomberg worked 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 USD/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 reality it was a demotion.

In 1981, Salomon Brothers announced that it would go public after merging with the already listed 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 with the purpose of providing 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 USD 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 founding. Today, the company has offices around the world and operates in dozens of markets. The number of subscribers to its financial information service has reached more than hundreds of thousands.

In 2001, Bloomberg decided to enter the political arena 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 only received 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, 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 my “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 will 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 some of the most prestigious schools in America.

But if we think about it logically, we can 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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