Forbes 30 under 30 data shows that London is the best city in the world for young entrepreneurs
Sunday, January 23, 2022 7:35 am
London has been named the best city in the world for young entrepreneurs based on the Forbes 30 Under 30 lists from Europe, North America, Russia, Asia and Africa.
Although North America is by far the most popular in providing Forbes Under 30 nominees, London is the most popular city for young entrepreneurs to thrive, business comparison platform Bionic found when analyzing the rankings.
In fact, many candidates on the North America, Asia and Russia lists live in London, the study found.
Considering different industries, city, country, college education and gender of each young entrepreneur, the researchers identified the best places to be if you have a young hungry entrepreneurial spirit.
London beat New York as the most popular city for successful young entrepreneurs to seek global success.
| rank | The most popular cities | Number of Forbes under 30 |
| 1 | London | 115 |
| 2 | new York | 106 |
| 3 | san francisco | 88 |
| 4 | Moscow | 51 |
| 5 | The angel | 39 |
| 6 | Stockholm | 17 |
| 7 | Toronto | 16 |
| 8th | Berlin | 10 |
| 9 | Boston | 10 |
| 10 | Chicago | 10 |
Source: Analysis of Forbes 30 under 30 data
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countries
The top countries in the world to work for young entrepreneurs were North America (41 percent), the UK (14 percent), Russia (10 percent), India (7 percent) and China (2 percent). , according to the Forbes data.
| rank | The most popular countries | Number of Forbes under 30 |
| 1 | United States | 428 |
| 2 | United Kingdom | 145 |
| 3 | Russia | 109 |
| 4 | India | 81 |
| 5 | China | 22 |
| 6 | Germany | 21 |
| 7 | South Korea | 17 |
| 8th | Singapore | 16 |
| 9 | Japan | fifteen |
| 10 | Sweden | fifteen |
Source: Analysis of Forbes 30 under 30 data
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Education is still the key
The best universities in the world for budding entrepreneurs were Stanford University (USA), Indian Institute of Technology (India), Harvard University (USA), University of California (USA) and Imperial College London (UK).
More than 86 percent of the candidates had college degrees, proving that a college education is still important to becoming a business leader.
| rank | The most popular universities | Number of Forbes under 30 | country |
| 1 | University at Stanford | 47 | United States |
| 2 | Indian Institute of Technology | 23 | India |
| 3 | Harvard University | 22 | United States |
| 4 | University of California | 22 | United States |
| 5 | Imperial College London | 17 | United Kingdom |
| 6 | Yale University | 13 | United States |
| 7 | Moscow State University | 13 | Russia |
| 8th | University of Cambridge | 12 | United Kingdom |
| 9 | Colombia University | 12 | United States |
| 10 | University of Pennsylvania | 11 | United States |
Source: Analysis of Forbes 30 under 30 data
Industry sectors
IT and technology was the most popular industry overall, with 20 percent of Forbes 30 under 30s working in this field.
| rank | The most popular industries overall | Number of Forbes under 30 |
| 1 | technology | 209 |
| 2 | manufacturing | 116 |
| 3 | marketing and media | 115 |
| 4 | Retail and Ecommerce | 100 |
| 5 | social influence | 96 |
| 6 | healthcare and science | 90 |
| 7 | Arts and Culture | 74 |
| 8th | energy | 69 |
| 9 | finance and venture capital | 65 |
| 10 | training | 38 |
Source: Analysis of Forbes 30 under 30 data
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Europe was the continent with the greatest integration of women, with 37 percent of women entrepreneurs surveyed in Europe being women. Africa and Asia are the least inclusive, with just 27 percent women
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Arts & Culture was the industry that engaged women the most, with 57 percent of entrepreneurs being women.
Despite being the most populous industries, manufacturing and technology were the least inclusive, with just 20 percent of entrepreneurs each being women
Overall, only 30 percent of Forbes under-30s were female. The average age of young entrepreneurs is 28 – there is no difference between men and women.
| rank | Industries with the most women | Percentage of Forbes under 30s |
| 1 | Art and culture | 57% |
| 2 | hospitality/food and drink | 41% |
| 3 | social influence | 37% |
| 4 | Retail and Ecommerce | 34% |
| 5 | media and marketing | 31% |
| 6 | training | 31% |
| 7 | finance and venture capital | 31% |
| 8th | energy | 23% |
| 9 | manufacturing | 20% |
| 10 | technology | 20% |
Source: Analysis of Forbes 30 under 30 data
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Regional breakdown
Some other fun facts from research in Europe;
- 37% of the young entrepreneurs were female
- Around 62% of young entrepreneurs are male
- 50% of all European young entrepreneurs came from Great Britain
- 39% came from London
- 85% had a college degree
- The UK and London were the most popular locations for all European industries
- Germany was the second most popular place for young entrepreneurs (7%), followed by the Netherlands and Sweden (4%).
- The average age for success in Europe is 27 years
The most popular universities in Europe were all British universities
| rank | university | Number of Forbes under 30 |
| 1 | Imperial College London | 12 |
| 2 | University of Oxford | 11 |
| 3 | University of Oxford | 11 |
| 4 | University College London | 9 |
| 5 | University of Warwick | 7 |
Source: Analysis of Forbes 30 under 30 data
North America
- The most popular cities were New York (92), San Francisco (88), Los Angeles (39), Brooklyn (14) and Boston (10), Berlin (10) and Chicago (10)
- 30% of the young entrepreneurs were women
- About 96% had a university degree
- Technology was by far the most popular industry, followed by social impact
- The average age for success was only 22 years
| rank | The most popular universities | Number of Forbes under 30 |
| 1 | University at Stanford | 47 |
| 2 | Harvard University | 22 |
| 3 | University of California | 22 |
| 4 | Yale University | 13 |
| 5 | Colombia University | 12 |
Source: Analysis of Forbes 30 under 30 data
Asia
- 17% were female
- 41% came from India, 11% from China and 8% from Singapore and South Korea
- The average age for success is 26
- 23 (11%) attended the Indian Institute of Technology, making it by far the most popular Asian university. The National University of Singapore (3%) was the second most popular, but the rest of the entrepreneurs came from a more mixed spectrum
- Technology was the most popular industry (45%), followed by science and healthcare (14%).
Africa
- 40% came from South Africa and 20% from Nigeria
- 20% worked in Johannesburg
- Art & culture was the most popular branch for young entrepreneurs here
- 73% were male, 27% female
- The median age for success was 27 years
Russia
- In Russia, there were twice as many arts and culture entrepreneurs as in any other category. This includes young entrepreneurs working in sectors such as fashion and design, art and theatre
- The average age was 25
- 33% of the entrepreneurs were female
- Moscow is the best city to find success for young entrepreneurs in Russia
- 12% of candidates attended Moscow State University while 10% attended Moscow School of Economics.
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