Jobs and elite colleges

[Anonymous]

Anonymous wrote:The lax bro network is real. It is great where your brothers went too! I know guys who played at Harvard and Swarthmore and they all do very well and are drawn into high paying industries (mostly finance) in large numbers.
They also end up in MBA programs at places like HBS and in NYC at Columbia and NYU so OP's question is still tough to answer. They get good jobs for a few years and go to good grad schools.

💯
Have you watched that partner track show on Netflix….

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Usually they have jobs waiting for them via their parent/relative’s company or connections.

It’s not just about the degree. It’s about the legions of privileges that enabled you to attend such a school in the first place. (And please none of the rags-to-riches stories - these obviously are not the norm.)

That’s false. You need to meet more actual people not toil in imagination land.

What matters is the Career Services Department, Recruiting, Alumni network and job or grad school placement in your area of interest.

Only some of the wealthy Intl students openly go work at some big fmaily conglomerate in the homeland. But many families require their kids to work 10 years elsewhere to learn more and new things, then come to family company.

It’s way less subtle than work for family business. It’s knowing some executive and recommending your son, and then you hire their daughter etc. it’s also knowing which careers and how to navigate them.

Unclear how you ever got an internship or job in your teens or 20s.

Did you apply and do a few rounds of interviews? And then you noticed that a bunch of hires were fast tracked into the training class or role by not interviewing, just by being someone’s kid?
That’s what you saw happening? When and where was this?!

DP. My family isn’t rich, but my dad was president of a publicly traded company. When I was interviewing for my first job after getting an MBA, my dad called someone at a company that I’d sent a resume to. The hiring manager reported up through someone used to work for my dad, and that executive made sure I got an interview. I only found that out much later, and I was pretty disappointed to hear it.

I advanced pretty quickly there, but was occasionally mystified that some people I met were really hostile on fist meeting me. I knew the company was a spin-off of my dad’s company, but didn’t know that he was deeply involved in its creation through IPO, so they all knew who my dad was and viewed me as having my job through nepotism, which turned out to be true.

[Anonymous]

Anonymous wrote:From your experience, do graduates of Top 25 universities and Top 10 liberal arts colleges get more interviews, interesting jobs, or money? I’m talking only about the UNDERGRADUATE degree.

I understand that anyone who goes to an Ivy MBA, law, or medical school will do well, but that’s really about the professional school, not undergraduate.

I’m trying to understand if it’s worth paying lots of money to go to a prestigious private school over a very selective state school for UNDERGRAD.

Yes yes and yes

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Usually they have jobs waiting for them via their parent/relative’s company or connections.

It’s not just about the degree. It’s about the legions of privileges that enabled you to attend such a school in the first place. (And please none of the rags-to-riches stories - these obviously are not the norm.)

That’s false. You need to meet more actual people not toil in imagination land.

What matters is the Career Services Department, Recruiting, Alumni network and job or grad school placement in your area of interest.

Only some of the wealthy Intl students openly go work at some big fmaily conglomerate in the homeland. But many families require their kids to work 10 years elsewhere to learn more and new things, then come to family company.

It’s way less subtle than work for family business. It’s knowing some executive and recommending your son, and then you hire their daughter etc. it’s also knowing which careers and how to navigate them.

Unclear how you ever got an internship or job in your teens or 20s.

Did you apply and do a few rounds of interviews? And then you noticed that a bunch of hires were fast tracked into the training class or role by not interviewing, just by being someone’s kid?
That’s what you saw happening? When and where was this?!

DP. My family isn’t rich, but my dad was president of a publicly traded company. When I was interviewing for my first job after getting an MBA, my dad called someone at a company that I’d sent a resume to. The hiring manager reported up through someone used to work for my dad, and that executive made sure I got an interview. I only found that out much later, and I was pretty disappointed to hear it.

I advanced pretty quickly there, but was occasionally mystified that some people I met were really hostile on fist meeting me. I knew the company was a spin-off of my dad’s company, but didn’t know that he was deeply involved in its creation through IPO, so they all knew who my dad was and viewed me as having my job through nepotism, which turned out to be true.

???? DCUM delusion at its finest.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Usually they have jobs waiting for them via their parent/relative’s company or connections.

It’s not just about the degree. It’s about the legions of privileges that enabled you to attend such a school in the first place. (And please none of the rags-to-riches stories - these obviously are not the norm.)

That’s false. You need to meet more actual people not toil in imagination land.

What matters is the Career Services Department, Recruiting, Alumni network and job or grad school placement in your area of interest.

Only some of the wealthy Intl students openly go work at some big fmaily conglomerate in the homeland. But many families require their kids to work 10 years elsewhere to learn more and new things, then come to family company.

It’s way less subtle than work for family business. It’s knowing some executive and recommending your son, and then you hire their daughter etc. it’s also knowing which careers and how to navigate them.

Unclear how you ever got an internship or job in your teens or 20s.

Did you apply and do a few rounds of interviews? And then you noticed that a bunch of hires were fast tracked into the training class or role by not interviewing, just by being someone’s kid?
That’s what you saw happening? When and where was this?!

DP. My family isn’t rich, but my dad was president of a publicly traded company. When I was interviewing for my first job after getting an MBA, my dad called someone at a company that I’d sent a resume to. The hiring manager reported up through someone used to work for my dad, and that executive made sure I got an interview. I only found that out much later, and I was pretty disappointed to hear it.

I advanced pretty quickly there, but was occasionally mystified that some people I met were really hostile on fist meeting me. I knew the company was a spin-off of my dad’s company, but didn’t know that he was deeply involved in its creation through IPO, so they all knew who my dad was and viewed me as having my job through nepotism, which turned out to be true.

???? DCUM delusion at its finest.

+100. Same vein of DCUM nonsense as seven figures annually being middle class.

[Anonymous]

Anonymous wrote:The lax bro network is real. It is great where your brothers went too! I know guys who played at Harvard and Swarthmore and they all do very well and are drawn into high paying industries (mostly finance) in large numbers.
They also end up in MBA programs at places like HBS and in NYC at Columbia and NYU so OP's question is still tough to answer. They get good jobs for a few years and go to good grad schools.

The job choices and earnings of athletes is another reason I think top colleges are unlikely to roll back preferences there too much. There is certainly the argument they promote community on campus. What is a bigger campus event than the football games between Harvard and Yale or Amherst and Williams? But there is also the fact that colleges are happy to have athletes go into big money industries and give back. MIT has benefitted a ton from a couple of basketball players with the Koch last name. Stanford has the name of a basketball player all over their campus too (Arrillaga). Giving rates may not change, as has been the case with schools dropping legacy admissions, but I think schools worry about amounts. Surprisingly, Mike Bloomberg, who was all for getting rid of legacy preference, has been fine with Hopkins heavily recruiting athletes to become a national power in D1 and D3 sports. He may see the merit in the hard work and community building in the athletic department though. I've never heard him comment on it one way or the other.

[Anonymous]

I’ve been on the hiring panel for a large, multinational bank. We do care where people went to school, but it’s certainly not Ivy or bust. I don’t have a firm cutoff, but T50 is roughly where I want to see degrees from.

However, much more important is how someone comes across and what their skill set is. Show me what you bring to the table. I would hire a Fordham grad over a Harvard grad in a second if the Fordham grad brought the skill set we need.

[Anonymous]

Anonymous wrote:I’ve been on the hiring panel for a large, multinational bank. We do care where people went to school, but it’s certainly not Ivy or bust. I don’t have a firm cutoff, but T50 is roughly where I want to see degrees from.

However, much more important is how someone comes across and what their skill set is. Show me what you bring to the table. I would hire a Fordham grad over a Harvard grad in a second if the Fordham grad brought the skill set we need.

That's great and all, but you just said that you would trash the JMU or UMBC resume and hire the less skilled Harvard grad. That's not Ivy or bust, but it's great school or bust

[Anonymous]

Anonymous wrote:From your experience, do graduates of Top 25 universities and Top 10 liberal arts colleges get more interviews, interesting jobs, or money? I’m talking only about the UNDERGRADUATE degree.

I understand that anyone who goes to an Ivy MBA, law, or medical school will do well, but that’s really about the professional school, not undergraduate.

I’m trying to understand if it’s worth paying lots of money to go to a prestigious private school over a very selective state school for UNDERGRAD.

It depends on the field. In finance and consulting it matters a lot. You could be the best student at the University of Georgia but you're not getting an interview at McKinsey or Goldman. It's dumb and outdated but that's how they roll. Pedigree degrees are important in those fields.

In STEM fields, it doesn't matter that much. MIT, Stanford, Rice and Cornell probably open a few more doors. But for the most part, publics like UIUC, Michigan, Maryland, Purdue, Georgia Tech, Texas A&M and others do a much better job than the Ivies. An Ohio State or Wisconsin degree in engineering will be taken more seriously than one from Yale or Brown.

The benefit of going to a top name school is the networking. Harvard engineering might suck, but that's a very good network for a young grad to plug into. But a lot depends on the state you live in. In states like California, Michigan, or Virginia, it's almost always better to go to the state flagship schools. If you live in Oklahoma and you're ambitious it's probably best to leave the sate.

[Anonymous]

Anonymous wrote:It depends on the field. In finance and consulting it matters a lot. You could be the best student at the University of Georgia but you're not getting an interview at McKinsey or Goldman. It's dumb and outdated but that's how they roll. Pedigree degrees are important in those fields.

In STEM fields, it doesn't matter that much. MIT, Stanford, Rice and Cornell probably open a few more doors. But for the most part, publics like UIUC, Michigan, Maryland, Purdue, Georgia Tech, Texas A&M and others do a much better job than the Ivies. An Ohio State or Wisconsin degree in engineering will be taken more seriously than one from Yale or Brown.

The benefit of going to a top name school is the networking. Harvard engineering might suck, but that's a very good network for a young grad to plug into. But a lot depends on the state you live in. In states like California, Michigan, or Virginia, it's almost always better to go to the state flagship schools. If you live in Oklahoma and you're ambitious it's probably best to leave the sate.

It is NOT about the school, it is about the network. You attend the University of Georgia and you know someone who is a member of the Augusta Country Club, where the Masters is annually held, you will have a much better opportunity than someone who attended Harvard but without connections. It all comes down to networking and who you know.

[Anonymous]

The advantages to a top college are many. First there is the education. Is an Ivy so much better or different that UVA? Maybe not. But it is so much better than other schools. The course work is not the same at Yale and Towson -- and Towson is a good school. More in depth, more thinking. Second, it is the connections and relationships you can make. Third it is what a PP said -- understanding what jobs or paths are out there. You many never know at your local state school. Next is the school's network. Next is the cache you get from the school that continues far into your career.

Does that mean a Yale kid will have a better outcome than someone else? No. There are more pathways open to the Yale kid. Yale kid may not take the right one or any of them. Yale kid might not have taken advantage of any of the above and is has the same number of potential paths that a State U kid does. Yale kid could just be a screw up or lazy.

And this is still America. State U kid can do anything. Kid can take paths open and be whatever.

But what cannot be denied is that the potential for the experience is better and the number of pathways open is greater coming from Yale and the like.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I’ve been on the hiring panel for a large, multinational bank. We do care where people went to school, but it’s certainly not Ivy or bust. I don’t have a firm cutoff, but T50 is roughly where I want to see degrees from.

However, much more important is how someone comes across and what their skill set is. Show me what you bring to the table. I would hire a Fordham grad over a Harvard grad in a second if the Fordham grad brought the skill set we need.

That's great and all, but you just said that you would trash the JMU or UMBC resume and hire the less skilled Harvard grad. That's not Ivy or bust, but it's great school or bust

I think for a lot it is great school or bust although super outstanding performance anywhere gets noticed and will get you in. Average JMU will not open a lot of doors but there are still lots of doors open.

It is job dependent. Some jobs they say there could care less. It really depends.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Usually they have jobs waiting for them via their parent/relative’s company or connections.

It’s not just about the degree. It’s about the legions of privileges that enabled you to attend such a school in the first place. (And please none of the rags-to-riches stories - these obviously are not the norm.)

That’s false. You need to meet more actual people not toil in imagination land.

What matters is the Career Services Department, Recruiting, Alumni network and job or grad school placement in your area of interest.

Only some of the wealthy Intl students openly go work at some big fmaily conglomerate in the homeland. But many families require their kids to work 10 years elsewhere to learn more and new things, then come to family company.

It’s way less subtle then work for family business. It’s knowing some executive and recommending your son, and then you hire their daughter etc. it’s also knowing which careers and how to navigate them.

Right and oftentimes you are working for a company that represents your family company… eg, the biglaw firm or investment bank that represented your family’s company during a merger/acquisition/ipo/real estate deal.

[Anonymous]

Anonymous wrote:

Anonymous wrote:You post about your lacrosse team networking like every week.

If your brother BOTH went to Ivy, I doubt you are some rags to riches story off the back of hard work and sportsmanship.

I mean Lacrosse is already a rich sport, I know it’s not played in poorer communities and requires expensive equipment and large fields.

Lacrosse is NOT a rich sport, it is for MC folks. Tennis or golf is a sport for the rich. It costs money to play lacrosse but nowhere near the amount for golf or tennis. Golf costs around 40k/yr and tennis around 35k/yr.

- Signed by a parent with two kids that play golf and tennis.

Lacrosse is a team sport and pretty much every Ivy lacrosse player is recruited from a powerhouse private school (often boarding school) team. Nobody from outside a certain set of schools (same with Ivy hockey recruiting 5th year prep school players and Ivy crew recruiting from certain prep schools and private UK schools ). So lacrosse players build connections early on with each other in these high schools and getting recruited often requires the cost of private school education. It isn’t just about what you pay to play.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’ve been on the hiring panel for a large, multinational bank. We do care where people went to school, but it’s certainly not Ivy or bust. I don’t have a firm cutoff, but T50 is roughly where I want to see degrees from.

However, much more important is how someone comes across and what their skill set is. Show me what you bring to the table. I would hire a Fordham grad over a Harvard grad in a second if the Fordham grad brought the skill set we need.

That's great and all, but you just said that you would trash the JMU or UMBC resume and hire the less skilled Harvard grad. That's not Ivy or bust, but it's great school or bust

I think for a lot it is great school or bust although super outstanding performance anywhere gets noticed and will get you in. Average JMU will not open a lot of doors but there are still lots of doors open.

It is job dependent. Some jobs they say there could care less. It really depends.

PP just said that they don't see resumes outside of the T50. That means that a screener is throwing them in the trash. No matter how great you are, it doesn't matter if your resume is automatically rejected before it gets in front of the hirign committee