This chart shows how much more Ivy League grads make than you

[Anonymous]

I'm a Yale grad and also a teacher. I make exactly what every other teacher with my senority makes. The difference identified here is mostly because of the professions that many Ivy League grads choose. My DH is a Yale grad and a law firm partner. He makes buckets of money, like most law firm partners regardless of their alma mater.

[Anonymous]

Yeah, well my Navy grad son can easily beat the sh*t out of your Ivy grad!

[Anonymous]

Anonymous wrote:Yeah, well my Navy grad son can easily beat the sh*t out of your Ivy grad!

The parents of the ten Ivy players in the NFL might not agree with you.

[Anonymous]

Well I'm an Ivy League college grad and know that I wasn't making twice as much when I was unemployed for a while during the recession.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Yeah, well my Navy grad son can easily beat the sh*t out of your Ivy grad!

The parents of the ten Ivy players in the NFL might not agree with you.

He probably could if he was the Navy boxing champ

[Anonymous]

My name is Donald and I went to the Wharton School. I make more than anyone!

[Anonymous]

Anonymous wrote:My name is Donald and I went to the Wharton School. I make more than anyone!

Don't be braggadocious Donald. Maybe better to just say you've made billions.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Nothing in the data proves that it is the school that provides the extra income boost. It is just as likely that the schools are good at picking students who would make a lot of money if they went to Penn State or ASU.

The really interesting thing is that "the government's figures actually low-ball how much students from these elite colleges are earning. The Department of Education's dataset is entirely based on students who either borrowed student loans or received Pell grants, meaning they exclude wealthy undergrads whose parents are able to finance their education in cash...In other words, we're looking at some of the least privileged students at America's top schools. The median family income among Harvard students in the government's sample, for instance, is about $33,000, which is not exactly representative of the institution." http://www.slate.com/blogs/moneybox/2015/09/14/ivy_leaguers_in_their_20s_they_make_even_more_money_than_you_thought.html

I heavily disagree with that. I am 30 and went to a good public school in the northeast. In my graduating class, the kids that went to PSU or UMD honors college and the ivy league had roughly similar stats and were of similar intelligence.

9 years out, the ivy grads average a lot more in salary.

It isn't that the schools do a good job picking good students - otherwise the honors colleges at flagship universities would place people into high earning jobs.

It is the ease of access to the high finance/MBB consulting recruiting pipeline that really boosts ivy grad earnings. IB/S&T jobs put you in the path to accelerated earnings that exponentially grow if you progress in the field.

The people that 'caught up' to ivy grad earnings were those that went into biglaw after going to a t10 law school.

Yet, it was this exact group of high flying Ivy finance types who created credit default swaps and helped bring on the recession. I guess the lack of diversity in recruiting from other schools led to a lack of critical thinking and closed feedback loops that blinded them to the perils of the risks they were taking with other people's money. This is. Why my brother and my father, respectively a West Point and a Navy grad, valued officers coming out of ROTC programs. They were not indoctrinated into the group think of the academies. Diversity has its merits.

[Anonymous]

By the way, I am a graduate of a non-Ivy but too 50 school and am a GS14 and I have two Harvard grads working under me.

[Anonymous]

ROI is better for STEM than for Ivy League degrees, and the competition to get into STEM schools isn't nearly so insane.

https://www.eab.com/daily-briefing/2015/03/06/which-schools-have-the-best-roi

[Anonymous]

Anonymous wrote:By the way, I am a graduate of a non-Ivy but too 50 school and am a GS14 and I have two Harvard grads working under me.

+1. I had two Harvard lawyers reporting to me. Not great at all at out of the box thinking, but rather proficient at footnote trivia and catching proofreading mistakes. A compliment like "nice catch" elicited a similar response to saying "good dog!" to my pooch. If only I had given out treats at the same time.

[Anonymous]

I think the takeaway is that no population on average marks as much money as this forum would have you believe is necessary to live.

[Anonymous]

This is awesome. I went to a middling state school (for reasons unrelated to my academic performance, more to do with money and family drama) and am at 11 years after starting college. I make $160k... oh, and I live in a cheap COL metro area!

I was always told I had Ivy potential, etc etc, valedictorian in high school -- and had to sort of deal with feeling like I wasn't living up to my potential. This chart makes me feel way better!

I think a lot of this has to do with the type of people that go to Ivies rather than what the Ivy does for them.

[Anonymous]

14:18... the other thing these charts make me realize is I need to STOP reading DCUM when it comes to income. I just recently bumped to $160k (from $105k), and reading those threads always made me feel kind of frustrated with my income. I would let it spill over into my real work life and feeling frustrated I wasn't working more.

Need to bookmark those charts when I'm feeling like I'm not well paid... perspective is a good thing.

To be fair, I did just work 4 hours this morning. :-/

[Anonymous]

Anonymous wrote:"10 years after college graduation, the typical Ivy League grad earns more than twice as much as the typical graduate of other colleges. In fact, the median Ivy graduate -- say, your solid B- Harvard student -- is making more money than the top 10 percent of graduates at other schools."

http://www.washingtonpost.com/news/wonkblog/wp/2015/09/14/this-chart-shows-why-parents-push-their-kids-so-hard-to-get-into-ivy-league-schools/

I'd imagine that the average Harvard student would have academic credentials that would easily place them in the top 10% of almost any school out there.