DCUMers are right: Everything hangs on getting into an Ivy

Anonymous
Anonymous wrote:I would think that part of the reason grads or undergrads from top tier 1 schools out earn counterparts is because a lot of them land the higher paying jobs at more prestigious firms and such due to connections, alma mater, etc....


I noticed this at the Law firm. There are no non- top 10 laws school grads who are partners. None.
Anonymous
But where did they go for undergrad?
Anonymous
DCUMers are right about very few things outside of their tiny little DC/NoVA/MOCO bubble. In most of the country no. one. cares.
Anonymous
This only matters if you want your kid to make more money than everyone else. Frankly that is not one of my life goals and I certainly hope its not my daughter's goal either. There is so much more to life.
Anonymous
Anonymous wrote:"While a male graduate of a Tier 1 college with a graduate degree from a Tier 1 to 3 school earns on average $185,695 a year, a Tier 4 college graduate with a higher-tier graduate degree earns only $133,236. "

Oh no! Only $133,236 per year!

I haven't read the working paper, only the NYT piece, so maybe the author controlled for confounding variables, but based only on the NYT piece, this working paper is social-scientific junk -- unless it's intended to show that kids with affluent, well-educated parents grow up to earn more money. In that case, it's social-scientific obviousness.


Exactly
Anonymous
This is inconsistent with previous research (though it is looking at a somewhat different issue):

http://economix.blogs.nytimes.com/2011/02/21/revisiting-the-value-of-elite-colleges/

"A decade ago, two economists — Stacy Dale and Alan Krueger — published a research paper arguing that elite colleges did not seem to give most graduates an earnings boost. As you might expect, the paper received a ton of attention. Ms. Dale and Mr. Krueger have just finished a new version of the study — with vastly more and better data, covering people into their 40s and 50s, as well as looking at a set of more recent college graduates — and the new version comes to the same conclusion."
Anonymous
Anonymous wrote:This only matters if you want your kid to make more money than everyone else. Frankly that is not one of my life goals and I certainly hope its not my daughter's goal either. There is so much more to life.


+ a million 1s.
Anonymous
Anonymous wrote:This only matters if you want your kid to make more money than everyone else. Frankly that is not one of my life goals and I certainly hope its not my daughter's goal either. There is so much more to life.


+1

Not at the price you have to pay to get into an Ivy. Getting ready to apply to an Ivy is a full time job that significantly impairs quality of life.

To be Ivy-ready, your kid has to have more than 5-6+ extracurriculars, an A average, and stand out in some way. It's really, really hard work and it's a lot of pressure on some very young people. Even if the bonus in pay is $50,000 per year on average, it's not worth it. They can make the same $50,000 by opening their own business, if they want to put those kind of hours in, and they can make that choice as adults, not high school students.
Anonymous
Anonymous wrote:
Anonymous wrote:I would think that part of the reason grads or undergrads from top tier 1 schools out earn counterparts is because a lot of them land the higher paying jobs at more prestigious firms and such due to connections, alma mater, etc....


I noticed this at the Law firm. There are no non- top 10 laws school grads who are partners. None.


Strange firm then. That is a not at all a universal truth. Sheesh.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:I would think that part of the reason grads or undergrads from top tier 1 schools out earn counterparts is because a lot of them land the higher paying jobs at more prestigious firms and such due to connections, alma mater, etc....


I noticed this at the Law firm. There are no non- top 10 laws school grads who are partners. None.


Strange firm then. That is a not at all a universal truth. Sheesh.
Not even kinda at least from my experience.
Anonymous
I guess it depends on your definition of "everything". DH and I are pretty happy with our lives, but we didn't go to an Ivy. We do alright, probably top 5%er. So for us, everything didn't hang on getting into an ivy.

And didn't they do a study where they found that people who went to Ivies were less happy than others?

So, there you go.. not everything does hang on it.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:I would think that part of the reason grads or undergrads from top tier 1 schools out earn counterparts is because a lot of them land the higher paying jobs at more prestigious firms and such due to connections, alma mater, etc....


I noticed this at the Law firm. There are no non- top 10 laws school grads who are partners. None.


Strange firm then. That is a not at all a universal truth. Sheesh.
Not even kinda at least from my experience.


1st pp, what kind of firm is this? I have yet to come across a firm with ALL top 10 partners.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:I would think that part of the reason grads or undergrads from top tier 1 schools out earn counterparts is because a lot of them land the higher paying jobs at more prestigious firms and such due to connections, alma mater, etc....


I noticed this at the Law firm. There are no non- top 10 laws school grads who are partners. None.


Strange firm then. That is a not at all a universal truth. Sheesh.
Not even kinda at least from my experience.


+1
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:I would think that part of the reason grads or undergrads from top tier 1 schools out earn counterparts is because a lot of them land the higher paying jobs at more prestigious firms and such due to connections, alma mater, etc....


I noticed this at the Law firm. There are no non- top 10 laws school grads who are partners. None.


Strange firm then. That is a not at all a universal truth. Sheesh.
Not even kinda at least from my experience.


1st pp, what kind of firm is this? I have yet to come across a firm with ALL top 10 partners.


Yes, please provide this law firm's name.
Anonymous
Anonymous wrote:I guess it depends on your definition of "everything". DH and I are pretty happy with our lives, but we didn't go to an Ivy. We do alright, probably top 5%er. So for us, everything didn't hang on getting into an ivy.

And didn't they do a study where they found that people who went to Ivies were less happy than others?

So, there you go.. not everything does hang on it.


+100

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