Bill Gates encourages people with high IQs to work for environmentally friendly companies instead of going to Wall Street.At a recent TechCrunch event, Bill Gates discussed how his climate-focused fund, Breakthrough Energy, has tried to attract high-IQ individuals who might otherwise be looking for lucrative jobs in industries like investment banking. Breakthrough Energy boasts a slew of rich backers, including Bill Gates, Jeff Bezos, Ray Dalio, and Michael Bloomberg, but Gates says the fund's success is mostly dependent on young people with "great ideas, high IQs, and a desire to work on something that isn't just maximizing their money.""At Breakthrough Energy, we've taken the finest IQ in the world and said, 'Hey, don't just do derivatives on Wall Street,'" says the CEO. According to Gates. "It will send a message to people early in their hard science, engineering careers that these are climate-related concerns, and we need you to get involved," says the author.
The huge pay on Wall Street, according to Gates, are a clear draw for many young potential employees. However, he added, those occupations "are a little less respectable than they used to be," making environmentally sensitive businesses a possible selling point for top talent.
It may be a persuasive case. Matthew Killingsworth, a senior psychology fellow at the University of Pennsylvania's Wharton School, told CNBC Make It in April that there is a link between high incomes and feelings of personal fulfillment – but only for people who prioritized money over other life goals. In May, a global Deloitte poll found that 26% of millennials opted to work for their present employers because it provided them with a sense of significance.
Almost a quarter of Gen Z respondents agreed, indicating an increasing shift in cultural beliefs.
Given that Gates has already spoken about reducing his reliance on book smarts to select personnel, his emphasis on IQ is remarkable. During a Hunter College panel discussion in 2018, he said the one thing he wishes he had known when he was younger was how helpful various skillsets – from emotional intelligence to relational intelligence – can be.
"I used to believe that if someone had a high IQ, they could be good at anything," Gates explained. "And the notion that you needed to combine all of these different types of skills always surprised me."
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