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Elite colleges have constrained enrollment at the undergraduate level (dorms, community, tradition). Those institutions will sell a masters to anyone with a BA and standing to take out unlimited Grad PLUS loans.
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Undergrad. Most master’s degrees are cash cows. |
| See the WSJ article about Columbia & NYU grad programs. |
Columbia is notorious for worthless graduate programs so that someone can say they have an Ivy League degree law and MBA are a different story. |
| I think college names matter for first job. Not so much after 5 years. |
| Terminal degree matters more. |
Does it matter for private law jobs? |
Truth. |
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My two cents:
For JD, MD, & (most) PhD, grad school matters more. For MBA, grad school *probably* matters more, though not if one does a "check-box" MBA for internal promotion purposes, etc. For most MA programs, undergrad matters more. Many of these programs are little more than ways for top schools to earn easy cash, and many are not especially selective. Many know this, making several MA programs less informative as to a candidate than the undergrad. |
Think it's a mixed bag for MA programs. I went to one that was not terribly selective when I attended, but it is starting to be. And I use the skills from it every day on the job vs. a top school MBA, where I could learned the same stuff on Coursera for free. Plus the MA program might have a higher acceptance rate than undergrad because the pool applying is many times smaller and self-selective. |
| At grad level, pool to top colleges is self selective. People research acceptance rate, required GRE/GMAT/LSAT/MCAT scores and cost of attendance etc and apply to programs they want. Its not like undergrad where majority applies to a couple of top schools on a limb without stats or money or knowing which major. |
| Top schools cost a fortune, there isn't lots of free financial aid like there is for their undergrad programs. |