"The future of the 1%: These are the 20 US colleges that produce the wealthiest grads"

[Anonymous]

Many of these schools are probably getting a big boost from their graduate programs (particularly business), vs. their undergraduate programs. It would be interesting to see if the list is by undergraduate only.

[Anonymous]

Anonymous wrote:UVA on the list and UMD not. Not surprising.

Boomer money from finance. Let's see over the next 10 years as tech graduates catch up and finance boomers die off.

There's at least 4 self-made tech founder billionaires from UMD in the past 20 years alone - Google, Oculus, Epic Games and Squarespace.

The 30 million net worth used in the list is chump change in comparison - boomer money from compound interest.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Sounds about right. Many of these grads came from umc, privileged backgrounds with access to opportunities .. and some of these schools have strong networks that breed loyalty and further expand those opportunities.

Berkeley has very high percentage of low income students compared to other schooner the list.

But Soros sent his son there so that raises the average. So did Gates.

[Anonymous]

I think Notre Dame is the only real surprise on that list for me, particularly given that I think of it as a school that places a lot of grads in the midwest, where salaries tend to be lower.

Austin produces a lot of STEM degrees, I think. Berkeley was well, plus places a lot of grads in the Bay Area, where salaries are very high.
Miami and USC have a lot of richie rich kids that get jobs in the family business.
NYU places most grads in NYC, which has the highest salaries in the US.

[Anonymous]

Anonymous wrote:I think Notre Dame is the only real surprise on that list for me, particularly given that I think of it as a school that places a lot of grads in the midwest, where salaries tend to be lower.

Austin produces a lot of STEM degrees, I think. Berkeley was well, plus places a lot of grads in the Bay Area, where salaries are very high.
Miami and USC have a lot of richie rich kids that get jobs in the family business.
NYU places most grads in NYC, which has the highest salaries in the US.

No doesn’t surprise me at all. Huge endowment and many wealthy legacies.

[Anonymous]

ND that is

[Anonymous]

Anonymous wrote:This article is based on a Wealth-X report. You can get the report yourself. In the report, they separate wealth from inheritance vs. entrepreneurship. If I recall correctly, UVA does very well in wealth from entrepreneurship.

Correct. UVA ties with Chicago for the leading position (1) for self-made UHNW. For both schools, 84% of their UHNW alumni are self-made. Harvard and UCLA are tied for second at 79%.

[Anonymous]

Anonymous wrote:

Anonymous wrote:How do they “produce” them? Do they accept some 1000 SAT and 2.5 GPA kids from poor families and make them successful and wealthy?

👏👏👏👏

+1 On another thread about colleges, I stated that schools like Harvard admit 33% legacy, the majority who are white. These institutions perpetuate the white elite class. They don't care about diversity and merit.

Schools like caltech and MIT don't look at legacies, but they are also stupidly expensive. Most MC/UMC families cannot afford the "top" schools.

As the saying goes: it takes money to make money, and that is applicable to attending top universities, for the most part.

[Anonymous]

Anonymous wrote:And September babies make the most billionaires.

? really? Too bad it doesn't apply to me, born in Sept. Is it because they are virgos?

[Anonymous]

Anonymous wrote:

Anonymous wrote:UVA on the list and UMD not. Not surprising.

Boomer money from finance. Let's see over the next 10 years as tech graduates catch up and finance boomers die off.

There's at least 4 self-made tech founder billionaires from UMD in the past 20 years alone - Google, Oculus, Epic Games and Squarespace.

The 30 million net worth used in the list is chump change in comparison - boomer money from compound interest.

For the vast majority, tech tops out lower than finance. Tech founders make the most, but a non-founder in finance can out earn an engineer

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Sounds about right. Many of these grads came from umc, privileged backgrounds with access to opportunities .. and some of these schools have strong networks that breed loyalty and further expand those opportunities.

Berkeley has very high percentage of low income students compared to other schooner the list.

UCLA as well. Huge number of first gens.

They are great models, but it's worth being said that both are loosing the things that got them there. Berkeley is no longer the odd, quirky artsy place that propogated a lot of the diversity and achievement that left there. They are having trouble hiring in certain depts b/c of an increase in monochromatic culture. If you knew somebody from the area was smart, accomplished in whatever field they ended up in ( but had an uncommon degree like Art-Anthropology) , a little quirky and was running for local office in the 70s-to-early 2000s, the stereotype is they Went to Berkeley. Now they pump out kids to silicon valley to contribute nothing to the country.

lol.. what device are you using to type this drivel.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I think Notre Dame is the only real surprise on that list for me, particularly given that I think of it as a school that places a lot of grads in the midwest, where salaries tend to be lower.

Austin produces a lot of STEM degrees, I think. Berkeley was well, plus places a lot of grads in the Bay Area, where salaries are very high.
Miami and USC have a lot of richie rich kids that get jobs in the family business.
NYU places most grads in NYC, which has the highest salaries in the US.

No doesn’t surprise me at all. Huge endowment and many wealthy legacies.

Agree, a perfect example of kids who are just coming in from privilege and then returning to that privilege with the stamp of approval from a name brand school. ND isn't even that hard to get into if you are a wealthy Catholic because you can boost your odds significantly by sending them to a highly regarded Catholic high school. It's like a sneaky backdoor way of easing your kid's admission to an "elite" school.

[Anonymous]

Anonymous wrote:

Anonymous wrote:This article is based on a Wealth-X report. You can get the report yourself. In the report, they separate wealth from inheritance vs. entrepreneurship. If I recall correctly, UVA does very well in wealth from entrepreneurship.

Correct. UVA ties with Chicago for the leading position (1) for self-made UHNW. For both schools, 84% of their UHNW alumni are self-made. Harvard and UCLA are tied for second at 79%.

Thanks for the data.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think Notre Dame is the only real surprise on that list for me, particularly given that I think of it as a school that places a lot of grads in the midwest, where salaries tend to be lower.

Austin produces a lot of STEM degrees, I think. Berkeley was well, plus places a lot of grads in the Bay Area, where salaries are very high.
Miami and USC have a lot of richie rich kids that get jobs in the family business.
NYU places most grads in NYC, which has the highest salaries in the US.

No doesn’t surprise me at all. Huge endowment and many wealthy legacies.

Agree, a perfect example of kids who are just coming in from privilege and then returning to that privilege with the stamp of approval from a name brand school. ND isn't even that hard to get into if you are a wealthy Catholic because you can boost your odds significantly by sending them to a highly regarded Catholic high school. It's like a sneaky backdoor way of easing your kid's admission to an "elite" school.

Why is it sneaky? I know lots of kids in my DS's Catholic HS that were not admitted. Being committed to Catholic education, however, doesn't hurt you if trying to get into a school like Notre Dame, but it is not the only thing they are looking for obviously.

Sounds like you are bitter.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Sounds about right. Many of these grads came from umc, privileged backgrounds with access to opportunities .. and some of these schools have strong networks that breed loyalty and further expand those opportunities.

Berkeley has very high percentage of low income students compared to other schooner the list.

UCLA as well. Huge number of first gens.

They are great models, but it's worth being said that both are loosing the things that got them there. Berkeley is no longer the odd, quirky artsy place that propogated a lot of the diversity and achievement that left there. They are having trouble hiring in certain depts b/c of an increase in monochromatic culture. If you knew somebody from the area was smart, accomplished in whatever field they ended up in ( but had an uncommon degree like Art-Anthropology) , a little quirky and was running for local office in the 70s-to-early 2000s, the stereotype is they Went to Berkeley. Now they pump out kids to silicon valley to contribute nothing to the country.

lol.. what device are you using to type this drivel.

Nah, largely agree. So many apps are solutions in search of problems rather than solving them.