6 Academic Degrees Often Associated with Old Money

In the world of inherited wealth and generational influence, academic choices often reflect more than career ambitions—they echo values, tradition, and prestige. Old money families, known for their legacy of quiet affluence and long-established social standing, often gravitate toward certain academic degrees. These programs not only offer intellectual prestige but also align with the cultural and societal norms that shape elite circles.

Let’s explore six academic degrees often associated with old money and why they continue to hold appeal among the aristocratic and upper-crust elite.

1. Philosophy

Among the most classically respected degrees, philosophy has long been favored by those from wealthy, old money families. This field doesn’t necessarily lead to a high-paying job, but that’s precisely the point—it’s often pursued for intellectual fulfillment rather than financial need.

Why Old Money Chooses Philosophy:

• Tradition Over Practicality: Old money prioritizes tradition and classical education over immediate career ROI.
• Cultural Capital: Studying philosophy contributes to one’s cultural literacy and critical thinking, essential for navigating elite social environments.
• Elite Institutions: Top-tier universities like Oxford, Cambridge, and Ivy League schools boast renowned philosophy departments, reinforcing the degree’s social value.

2. Art History

Art history is more than an academic pursuit; it’s a reflection of aesthetic appreciation, cultural heritage, and often, access to elite art circles. Many heirs and heiresses study art history not only for personal interest but also to manage family collections or foundations.

Why Art History Appeals to Old Money:

• Inherited Interests: Many old money families own artwork or support the arts through philanthropic endeavors.
• Social Connections: The art world is deeply interconnected with high society, making this degree a gateway to elite networks.
• Museum and Foundation Roles: Positions in curatorship or cultural organizations suit those not reliant on income but still seeking intellectual engagement.

3. Law

While not unique to old money, the study of law holds a prominent place in elite academic tradition. Families with long histories of influence often see law as a way to maintain power, uphold family legacies, or manage inherited estates.

The Prestige of a Law Degree:

• Institutional Legacy: Many old money families have a legacy at Ivy League or Oxbridge law schools.
• Power and Influence: Legal knowledge provides a foundation for political or institutional involvement.
• Philanthropic and Board Roles: Many elite institutions prefer board members with legal insight, making this degree strategically useful.

4. Classics

The classics—Latin, Greek, and ancient history—have long been the domain of aristocratic education. Though increasingly rare, this degree remains a symbol of traditional intellect and cultivated taste.

Why Old Money Still Honors Classics:

• Timeless Prestige: Knowledge of ancient civilizations was once the cornerstone of a proper elite education.
• Exclusive Institutions: Many prestigious prep schools and private universities still offer strong classics programs.
• Symbol of Refinement: A classical education often implies a life of leisure, learning, and legacy—key values of old money families.

5. Economics

For families managing generational wealth, a degree in economics is both practical and prestigious. It offers a structured understanding of markets, finance, and global policy—valuable for overseeing investments, trusts, and philanthropic ventures.

The Strategic Role of Economics:

• Wealth Stewardship: Understanding economic principles helps in preserving and growing family fortunes.
• Corporate Leadership: Many old money heirs hold positions on corporate boards or in family-owned enterprises.
• Influence in Policy Circles: Economics degrees often lead to influential roles in think tanks or governmental advisory positions.

6. Political Science

Politics and old money often go hand-in-hand. With many prominent families having historical ties to governance and diplomacy, political science is a natural academic choice. This degree supports future roles in public service, diplomacy, or high-level advocacy.

Why Political Science Matters:

• Institutional Continuity: It keeps family involvement in governance alive across generations.
• Pathway to Influence: Many old money individuals leverage this background to access political power or social advocacy.
• Preparation for Global Roles: With access to global travel and elite education, this degree complements international ambitions.

The Cultural Weight Behind Academic Choices

Unlike new money, which often chases high-earning degrees in business, technology, or finance, old money education is less about income and more about influence, tradition, and cultural capital. These degrees reflect a broader worldview—one where knowledge, refinement, and intellectual heritage are prized over immediate professional gain.

Additionally, these academic pursuits are usually supported by:

• Elite Schooling: Think Eton, Andover, Exeter, or Le Rosey.
• Multi-Generational Planning: Families often encourage careers in diplomacy, philanthropy, or academia.
• Social Expectations: Education is a mark of distinction and not merely a path to a job.

Final Thoughts: A Different Kind of Wealth

The degrees often chosen by old money families speak volumes about their values. They are less concerned with wealth accumulation and more invested in cultivating a lasting legacy of culture, knowledge, and influence. Whether it’s the pursuit of philosophy or a deep dive into ancient history, these academic choices continue to shape generations of quiet power and prestige.

For those inspired by the understated elegance of old money, these degrees offer not just an education—but an entry into a world where tradition and intellect remain timeless currency.