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

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

entrepreneurs

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

Source: Analysis of Forbes 30 under 30 data

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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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