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

[Anonymous]

"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/

[Anonymous]

That's just a function of how many go into fennance and are pre-professional.

That's why Y and Brown are at the bottom of that list compared to H and Penn.

[Anonymous]

yep but then you are always the prick who went to an ivy school and flaunting it when nobody really cares.

[Anonymous]

Anonymous wrote:That's just a function of how many go into fennance and are pre-professional.

That's why Y and Brown are at the bottom of that list compared to H and Penn.

Agreed, and these income stats are often inversely related to career satisfaction, societal contribution, and overall happiness.

[Anonymous]

Anonymous wrote:yep but then you are always the prick who went to an ivy school and flaunting it when nobody really cares.

This statement says more about you than anyone else.

[Anonymous]

I'm an Ivy grad who got a job on Wall St straight out of school. While I agree it was a bullshit career with zero societal contribution, that is true for the vast majority of jobs out there. So I guess I'd rather be obscenely paid in a meaningless career than poorly paid in an equally meaningless career.

[Anonymous]

I guess we now know why Penn grads tend to be so arrogant. On average, they make more than you.

[Anonymous]

Man. The ROI on my state school education is out of this world.
I should share this with my parents who footed the bill, and are currently enjoying the difference between that and a private Ivy.

[Anonymous]

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

[Anonymous]

I'm an Ivy grad who got a job on Wall St straight out of school. While I agree it was a bullshit career with zero societal contribution, that is true for the vast majority of jobs out there. So I guess I'd rather be obscenely paid in a meaningless career than poorly paid in an equally meaningless career.

The "vast majority"?? Really? There are a heck of a lot of teachers, police officers, firefighters, doctors, nurses, paramedics, medical researchers, scientists, etc. who are making societal contributions every day and who are not in "bullshit careers".

Maybe you feel better about being obscenely paid by rationalizing that so many others are making zero societal contributions.

[Anonymous]

I'll have to dig around to find the study, but I've read plenty of research that shows that kids who get INTO Ivies but instead elect to go to their state flagship end up just as well as the Ivy grads. That means it's not the school, it's the type of people who attend the school. The Ivies are made up of hardworking, uber intelligent students. Of course they will be more successful, as a whole, than grads from say, VCU, but that doesn't necessarily mean it's the school's doing.

[Anonymous]

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

Nor can you "prove" that the school does not provide the extra income boost. In the absence of something better, this data will have to do.

[Anonymous]

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.

[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

Nor can you "prove" that the school does not provide the extra income boost. In the absence of something better, this data will have to do.

Ever heard of a null hypothesis? I can't prove that fairies don't exist, so let's assume that they do.

[Anonymous]

So 10 years after graduation an Ivy grad on average makes the salary of a GS-14 Step 2. Hmm.