Two-thirds of millennials say they want to start their own business, while just one quarter actually want to own their own company, and just one in eight aspire to be a CEO or company president, according to a new survey.
Bentley University interviewed 1,031 young adults aged 18-34 for a survey on their work habits and career outlook. Respondents were allowed to pick more than one response.
"Millennials see chaos, distrust of management, breaking of contracts and bad news associated with business," Bentley's Director of Entrepreneurial Studies Fred Tuffile said in the study's release. "They've watched their relatives get fired and their peers sit in cubicles and they think, 'There has to be a better way."
Even if it fails, he said, millennials think starting a company teaches them "more in two years than sitting in a cubicle for 20."
Bentley student Krassi Popov told the researchers that parental dependence — like living at home and using mom and dad's health insurance — makes millennials feel like they have a safety net, which in turn makes them more comfortable taking risks. He also said growing up constantly hearing they're special also played a role.
"People who think they are special don't want to sit in front of a computer from 9 to 5 doing cubicle work," he said. "That is not exciting."
Among Bentley's findings:
While it'd be cool to have their own office, almost all respondents agreed that what would be really cool are flexible hours, great health care and frequent salary increases.
Are millennials job hoppers? Depends on your definition of how long you have to be in one place before you hop.
Half of the group acknowledged they have a poor work ethic; just one quarter admitted their writing skills are overrated.
A slight majority say they prefer to talk to bosses and co-workers in person, while just 7 percent say they prefer things like Gchat.
Seventy-seven percent agreed flexible hours would increase productivity; just 23 percent said fewer meetings would.
Finally, and perhaps not surprisingly given the first finding, millennials are less interested in titles than they are in $$$.
Rob covers business, economics and the environment for Fusion. He previously worked at Business Insider. He grew up in Chicago.