Take a look at bios from many of the leading columnists at the NY Times. Many of them either came from Ivies (and family money) or had parents who were well known journalists. Kind of like actors, it always helps if a family member was a successful actor - both in terms of name recognition and the wealth to support trying to make it in that field. It always helps if you know where your next meal is coming from. |
Bingo. |
Agree. Journalists have no class. |
There are certain very high prestige jobs essentially open only to Ivy and other very elite undergraduate institutions. One is the very high levels of journalism (including the NYT). Another are highly coveted Wall Street positions.
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Compared to NY Times, banking takes kids from less elitist schools 😭 |
There are many more elite bankers than there are elite journalists. And investment banking if that’s what you’re referring to, pays well but the work is typically boring with brutal hours |
Lots of antagonism for NY Times here.! :A |
"The average estimated annual salary, including base and bonus, at The New York Times is $112,900, or $54 per hour, while the estimated median salary is $101,684"
Sounds reasonable? |
Also a lot of Hollywood writer positions (ex: the late night comedy shows) go to Ivy grads. Any fun interesting job that doesn't pay well but has lots of extracurricular perks, you'll find them. |
Who is surprised? |
Went to college with author of this piece. At an Ivy. |
Yale? |
This includes many non-journalist salaries. The clue is journalists don’t have a “base/bonus” structure for pay. So this includes sales, HR, accounting, circulation, management etc. If you only did journalists, it would be much lower. |
No one who pays attention is surprised of course. Ivies and Stanford/Duke/Mit/chicago matter in certain fields. Always have, always will. Quant careers. MBB+ consulting. top journalism. Supreme Court. T14 law. T20 med. R1 phD feeders. The path is easier from these schools. |
That’s a pretty low salary for NYC. |