These colleges are the path to wealth

[Anonymous]

Anonymous wrote:Like we need another ranking but here you go DCUM… what does this tell you?

https://www.thestreet.com/investing/dropping-out-of-harvard-may-be-the-best-path-to-unimagined-wealth.

I think a better, cheaper path to wealth is to get your kid golf and tennis lessons, and maybe some sailing lessons.

Golf plus fraternity plus a B minus average at any college is a good start.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Like we need another ranking but here you go DCUM… what does this tell you?

https://www.thestreet.com/investing/dropping-out-of-harvard-may-be-the-best-path-to-unimagined-wealth.

I think a better, cheaper path to wealth is to get your kid golf and tennis lessons, and maybe some sailing lessons.

Golf plus fraternity plus a B minus average at any college is a good start.

Don’t forget horseback riding.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Let's see a study that removes those who would have a $30M net worth regardless of whether they ever left their parents' basement.

What does this mean ? (Serious as I have no clue as to what you are trying to communicate in this post.)

DP: That they are not controlling for parental wealth in the study.

DP, this. The study counts a kid with a trust fund as a positive outcome.

+1 gosh, a rich kid went to a rich college and is still rich. Must be the college that made him rich. Stupid.

[Anonymous]

I'd like to see a list of colleges with the HHI of the parents, and then the outcome of the graduates.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I mean, duh?? Wealthy, high achieving people produce wealthy, high achieving children. SHOCKER!! That has nothing to do with the college.

What's more interesting is the colleges that can take low income students and propel them into higher brackets. Here's that list.

Top performers on social mobility, per US News:
- Keiser University
- UC-Riverside
- CSU-Long Beach
- Florida International University
- UC-Merced
- University of LaVerne
- CSU Fullerton
- Oakland City University
- Rutgers University Newark
- UC Irvine
- UIC Chicao
- CUNY City College
- CSU San Bernadino
- Russell Sage College
- San Francisco State
- UC Santa Barbara
- Chatham University
- UC Santa Cruz
- UNC Greensboro

Not a single top 50 college on the list until all the way down to number 46, which is UCLA. University of Florida is #75. UC Berkeley #105.

Elite private schools? No where to be found until you scroll reaaaally far down. NYU is #140. Princeton is #186.

So, the lesson is: low income students should not go to the elite private schools, if they want to become wealthy.

Holy stupid brain! Based on your intelligent reasoning, the Sun better not come on the West if he wants to rise!

[Anonymous]

Anonymous wrote:

Anonymous wrote:This is such nonsense. Do they even attempt to control for family wealth of the student body. A whole lot of these would be that wealthy if they went to NO college.

You’re missing the point. There is tremendous synergy in bringing together a mix of smart, ambitious, and wealthy students. Magic is going to happen in that situation much more so than some school with mediocre, traditionally hard-working, poor kids. It’s irrelevant whether or not the school’s academics are the magic, though these schools have plenty of academic accolades.

Such an idiotic comment. You say “mediocre, traditionally hardworking”, as if the two characteristics always go together and “smart” and “hardworking” are always mutually exclusive.

[Anonymous]

Anonymous wrote:

Anonymous wrote:This is such nonsense. Do they even attempt to control for family wealth of the student body. A whole lot of these would be that wealthy if they went to NO college.

You’re missing the point. There is tremendous synergy in bringing together a mix of smart, ambitious, and wealthy students. Magic is going to happen in that situation much more so than some school with mediocre, traditionally hard-working, poor kids. It’s irrelevant whether or not the school’s academics are the magic, though these schools have plenty of academic accolades.

Sometimes. Be aware that a substantial amount of marketing money is being spent to foster this notion. As others have pointed out, when studied rigorously, the main determinants of outcome are inbound stats and hours spent studying. “Magic” can happen at any college. I think planning to make one’s own is a more prudent strategy than coasting on images of someone else’s. Fields of study and inbound stats being equal, the main remaining parameter is picking the school where one will apply themselves the most. This is where “fit” comes in. Encourage your kid to think hard about what conditions they will find most conducive to their own hard work.

[Anonymous]

Anonymous wrote:Like we need another ranking but here you go DCUM… what does this tell you?

https://www.thestreet.com/investing/dropping-out-of-harvard-may-be-the-best-path-to-unimagined-wealth.

If you get free education at top privates, its a social mobility generator. If you get STEM education at state schools, its a social mobility generator.

[Anonymous]

Interesting. I have a UTAustin degree and nobody cares.

[Anonymous]

Anonymous wrote:Interesting. I have a UTAustin degree and nobody cares.

Which major?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Like we need another ranking but here you go DCUM… what does this tell you?

https://www.thestreet.com/investing/dropping-out-of-harvard-may-be-the-best-path-to-unimagined-wealth.

I think a better, cheaper path to wealth is to get your kid golf and tennis lessons, and maybe some sailing lessons.

Golf plus fraternity plus a B minus average at any college is a good start.

Don’t forget horseback riding.

Horseback riding is not needed.

I've worked at five different fortune 500 companies in the past 15 years and almost all of them played golf.  The current CEO, CFO and COO are members of Riverbend CC.  They all went to state universities and have a lot Ivies grads report to them.  If you are a good golfer, you will get invited to play and your career will take off from there.

[Anonymous]

Anonymous wrote:I'd like to see a list of colleges with the HHI of the parents, and then the outcome of the graduates.

You could take these lists and cross-reference against OP's list. The results are unsurprising -- kids from rich families tend to have a lot of wealth after graduating from college.

https://www.nytimes.com/interactive/2017/01/18/upshot/some-colleges-have-more-students-from-the-top-1-percent-than-the-bottom-60.html

https://blog.collegevine.com/colleges-with-the-richest-students/

https://247wallst.com/special-report/2022/06/22/the-most-popular-colleges-for-rich-people/

[Anonymous]

For students looking at economic mobility, they should consider Clarkson University. It has a strong track record of taking blue collar or first generation college students and getting them into career tracks where they make 6 figures shortly out of undergrad.

[Anonymous]

The kids at these schools were rich anyway. The list is circular - rich student body = rich work adults. Money begets more money.

Why is it surprising when the kids of the country's richest families do well? I mean, obviously!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Like we need another ranking but here you go DCUM… what does this tell you?

https://www.thestreet.com/investing/dropping-out-of-harvard-may-be-the-best-path-to-unimagined-wealth.

I think a better, cheaper path to wealth is to get your kid golf and tennis lessons, and maybe some sailing lessons.

Golf plus fraternity plus a B minus average at any college is a good start.

Don’t forget horseback riding.

Horseback riding is not needed.

I've worked at five different fortune 500 companies in the past 15 years and almost all of them played golf.  The current CEO, CFO and COO are members of Riverbend CC.  They all went to state universities and have a lot Ivies grads report to them.  If you are a good golfer, you will get invited to play and your career will take off from there.

And then people wonder why they need Diversity and Inclusion trainings to be more fair in hiring.