Your kids will be fine.. college name doesn’t matter as much as dcum tells you

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My DC is a junior at UMD at the business school. Got a paid internship this summer, including housing. Other interns at this company attend, Georgia Tech, UVA, Ohio State, Va Tech, among others. No matter what dcum tells you, it comes down to what you do once you are in college. All interns are really bright. No not all hired on the business side. Some CS students are there too. Hope this helps some panicked parents..

Thanks OP! My DD is at UMass Amherst and is in a great STEM internship at NASA so I agree.

+10000

But what about if she went to Fitchburg?

NP here. This made me laugh as my ex-boyfriend went to Fitchburg and then onto University of Florida for his grad degree in chemical engineering. Pretty successful guy with a pretty successful career at very big well known companies.

[Anonymous]

It's very tough now to get internships and jobs. The landscape has changed and success stories from the past (even as little as a year ago) aren't so helpful.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Tell me more about your kid that you are proud of that got 1100 sats after much study, or had a 3.1 w gpa and got a coveted job, or who went to Towson or U Dayton or Duquesne or kennesaw state or some school most people on this board don’t even discuss or consider.

That’s my kid! He hasn’t graduated yet to you’ll have to wait to see if you think he is impressive enough. But he is a truly fantastic human. He is incredibly competitive and picks up new things to master as a hobby. People gravitate to him and look to him to lead - little kids, peers, coaches, teachers, bosses. And he is kind. He reads people and their motivations and emotions the way more academic people read books.

Yeah, his degree is going to be from a state school that accepts 80% of applicants. But I really don’t think it will matter for this kid. But time will tell, no?

It doesn't have to matter. My uncle barely graduated high school, started a business at 19, and is worth $50m+. Entrepreneurs will come out ahead in a post AI world.

Congrats to your uncle…but entrepreneurs as a whole fail like 90%+ of the time. God bless them because we need the 10% to succeed and the 1% to succeed massively.

Maybe you mean those with the mindset will succeed, because it’s guaranteed that 90% of all actual entrepreneurs will fail.

I think your failure numbers are grossly misstated/misinterpreted. The 90 percent rate must be for tech startups. The average small business failure rate is much lower. Plus business failure is not equal entrepreneurs failure, they often try again.

Agreed. My uncle's business is far from a tech start-up. He's in the construction industry. He started with one crew, took accounting classes at night at a community college, and built a substantial business. He never got better than a C in high school. There will still be demand for these types of businesses in a post-AI world.

[Anonymous]

Anonymous wrote:It's very tough now to get internships and jobs. The landscape has changed and success stories from the past (even as little as a year ago) aren't so helpful.

Every single college and high school friend of DC’s has a paid (or govt unpaid) internship/paid research related to the field they want to go into. All rising juniors. It is not harder than any other year to get something. Just many not the first choice.

[Anonymous]

Anonymous wrote:I just want my kids to be happy.

We all do. But happy doesn’t pay the bills. Financial stress is a lot on relationships.

“Kids these days” who are raised with regular trips to Starbucks and have door dash are not used to having to feel uncomfortable being poor. I was poor and my kids are not. I worry about how happy they’ll be when they’re on their own if they aren’t doing well financially. We are trying to keep them humble, but it’s hard when it feels like all socializing takes place somewhere that costs money….they don’t want to bring their friends to my house for pizza anymore 🤣

[Anonymous]

Anonymous wrote:Jane Street is not accepting interns from anywhere else but HYPMS (possibly Duke, Penn and a few others)

Definitely Penn my kid knows two thus summer, 2 last summer

[Anonymous]

(Penn engineering students and CAS not wharton)

[Anonymous]

Anonymous wrote:

Anonymous wrote:UMD is a backup for most kids. an over achiever ends up at UMD and excels. easier to stand out. if kid over achieves and gets to T10 ... could end up at below the bottom third and look mediocre.

Saying UMD is a backup for most kids is crazy work. This board makes me laugh.

+10

[Anonymous]

Were there any interns from lower tier schools, or just the well known and well respected ones you mentioned?

[Anonymous]

Anonymous wrote:My DC is a junior at UMD at the business school. Got a paid internship this summer, including housing. Other interns at this company attend, Georgia Tech, UVA, Ohio State, Va Tech, among others. No matter what dcum tells you, it comes down to what you do once you are in college. All interns are really bright. No not all hired on the business side. Some CS students are there too. Hope this helps some panicked parents..

In fairness, this is really not factual. You need to look at the stats of that particulars school's placement at Top Companies as a whole. Just not one anecdotal story.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My DC is a junior at UMD at the business school. Got a paid internship this summer, including housing. Other interns at this company attend, Georgia Tech, UVA, Ohio State, Va Tech, among others. No matter what dcum tells you, it comes down to what you do once you are in college. All interns are really bright. No not all hired on the business side. Some CS students are there too. Hope this helps some panicked parents..

Thanks OP! My DD is at UMass Amherst and is in a great STEM internship at NASA so I agree.

+10000

But what about if she went to Fitchburg?

NP here. This made me laugh as my ex-boyfriend went to Fitchburg and then onto University of Florida for his grad degree in chemical engineering. Pretty successful guy with a pretty successful career at very big well known companies.

+100. Reminds me of my friends who got degrees from Ball State University located in Muncie, Indiana. All doing fabulously.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Well…. I have twins…. Both just graduated…..one at an Ivy, the other at a t50 private.

They both studied Economics….. one has 2 job offers as if April….. the other still looking for a job.

This is so interesting. I heard of a study that tried to figure out how much college prestige helps with the job outcome using identical twins and found not much of a difference. But obviously not in your case. Maybe that is because they were looking for a job in finance? This is a field where college prestige still matters and top firms recruit mostly from target schools.

They cast a wide net. From consulting, to street finance/ib, etc.

We dont like it. we think they equally smart and qualified. But the fact is that my Ivy kid had doors opened and opportunities that my t50 kid didnt. I’m sure he will be fine and might eventually end up the same or better, but the starting point is not equal. People here can say what they want, we are experiencing this right now.

[Anonymous]

Anonymous wrote:

Anonymous wrote:UMD is a backup for most kids. an over achiever ends up at UMD and excels. easier to stand out. if kid over achieves and gets to T10 ... could end up at below the bottom third and look mediocre.

Saying UMD is a backup for most kids is crazy work. This board makes me laugh.

I graduated from UMD. But to the kids with the stats to get into schools like Gtech (12% acceptance rate) and UVA (15% acceptance rate), UMD is definitely a back up.

[Anonymous]

Anonymous wrote:

Anonymous wrote:It's very tough now to get internships and jobs. The landscape has changed and success stories from the past (even as little as a year ago) aren't so helpful.

Every single college and high school friend of DC’s has a paid (or govt unpaid) internship/paid research related to the field they want to go into. All rising juniors. It is not harder than any other year to get something. Just many not the first choice.

Glad it's going well for them. I know quite a few who couldn't find internships or had theirs rescinded. And there are new articles everyday about the difficult job market for new college grads.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's very tough now to get internships and jobs. The landscape has changed and success stories from the past (even as little as a year ago) aren't so helpful.

Every single college and high school friend of DC’s has a paid (or govt unpaid) internship/paid research related to the field they want to go into. All rising juniors. It is not harder than any other year to get something. Just many not the first choice.

Glad it's going well for them. I know quite a few who couldn't find internships or had theirs rescinded. And there are new articles everyday about the difficult job market for new college grads.

job market getting much better. But, not where it needs to be yet.