Formal groups may be permanent and consist of a board of directors, department heads or specialized services staff. The organizational mission statement is developed and closely followed. Task forces or nominating committees are generally temporary formal groups designed with a specific goal in mind.
# 1: Engineering. Millionaires are more likely to have an engineering degree than any other type of college degree. GoodCall asked Olympia LePoint, a rocket scientist, the author of Mathaphobia, and a TED speaker who spoke on âReprogramming Your Brain to Overcome Fear,â why engineering is a good degree for future millionaires.
1 Doctorate Degree in Business Administration-A doctorate or PhD in Business Administration is the highest business degree that can be earned. 2  This option is best for students who are interested in teaching or pursuing field research. 3  A doctorate degree generally requires four to six years of study.