Does it matter where you attend college anymore?

[Anonymous]

Anonymous wrote:To be a well educated person, yes. To make money, no

[Anonymous]

Anonymous wrote:To be a well educated person, yes. To make money, no

I think that largely depends on the education.

There are plenty of ignorant but "educated" people around. Too many, IMO.

[Anonymous]

Anonymous wrote:It matters in some fields (law & finance), but for most jobs it does it.

Connections matter the most!

Where you go to law school might matter if you are only interested in a small handful of firms that draw heavily from T14. But most any Amlaw 200 firm is going to recruit from their local state flagship and other mid tier law schools. Admitting that there is an inverse relationship between the class rank you need and the law school’s ranking. How much do you think the name of the undergrad matters in any of this. Pretty much 0.

[Anonymous]

Anonymous wrote:Malcolm Gladwell did the research and said hire the top third from any school. So, no, the school you select doesn’t matter.

Oh well, if Malcolm Gladwell says it then it MUST be so.

[Anonymous]

I think Law School and MBA program matter.

But somethings like nursing, accounting, pharmacy, IT who cares

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What a misleading title. Those are all T60 schools.

Btw Deloitte/KPMG/PWC/EY consulting won’t even look at your app beyond ~T100 schools.

WTF? These are not prestigious places. They will probably hire more consultants from schools like Michigan State than an Ivy. They hire armies of consultants, mostly for tech projects, grind them down with billable hours, and then 1/3 will quit each year to go work for companies.

The people at Ivies that work for the Big 4 accounting firm's consulting units are basically international students because a lot of the more prestigious or desirable employers won't go through the immigration and visa hoops beyond 1 year for the student visa, but these mega firms will. They stick around until their work status stabilizes and then bolt.

They do not recruit at places like JMU, UMBC, Towson or GMU for consulting.

I just spent time around LinkedIN and saw new hires in consulting with degrees from GMU and UMBC at B4 firms. It looks like they definitely hire CS or Cybersecurity majors from those schools in the past year.

[Anonymous]

Not necessary but it I think it provides some safety against downside and increases "the floor" (aka minimum) of where a kid will end up in many cases. Sure I would love if my kid was smart enough to get into Harvard and Duke so they could use the connections they make among students and alumni, but realistically it probably won't happen. I think it's ok to be average though because average, is by definition, what most people are, and a lot of luck is required to make it above average.

[Anonymous]

Anonymous wrote:Some version of this thread seems to be posted like once a week...not sure who or why.

It doesn't really matter if you want to live a nice life, though some majors clearly have better outcomes than others.

However, this does not dispute the fact that the top schools produce an inordinate number of successful entrepreneurs and attract an inordinate amount of venture capital (https://pitchbook.com/news/articles/pitchbook-university-rankings).

In fact, an inordinate number of Top 10 school graduates dominate the ranks of venture capital firms (https://www.cnbc.com/2018/03/16/these-12-schools-produce-the-most-venture-capitalists.html).

If you want to break into Hollywood...it's not rocket science that yes it helps / matters that you attend USC (also, USC is actually the #1 school where SpaceX recruits, so maybe it is rocket science).

One can go on-and-on.

EY, Accenture, Capital One, etc. are hiring hundreds of kids each year and absolutely cast a wide net.

There just seems like some weird, reflexive group on DCUM that goes to great lengths to justify maybe a kid's rejection, or didn't even apply because could not afford it, etc.

All those inordinate numbers are due to the colleges you're talking about getting an inordinate number of the hs students most likely to be a successful entrepreneur or venture capitalist. That's who they're admitting. But comparable students at less elite colleges have the exact same chances of finding success in any field.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What a misleading title. Those are all T60 schools.

Btw Deloitte/KPMG/PWC/EY consulting won’t even look at your app beyond ~T100 schools.

WTF? These are not prestigious places. They will probably hire more consultants from schools like Michigan State than an Ivy. They hire armies of consultants, mostly for tech projects, grind them down with billable hours, and then 1/3 will quit each year to go work for companies.

The people at Ivies that work for the Big 4 accounting firm's consulting units are basically international students because a lot of the more prestigious or desirable employers won't go through the immigration and visa hoops beyond 1 year for the student visa, but these mega firms will. They stick around until their work status stabilizes and then bolt.

They do not recruit at places like JMU, UMBC, Towson or GMU for consulting.

Can't say if you're right or wrong about that, but they're definitely HIRING from those schools. All you have to do is look on LinkedIn to see this.

[Anonymous]

Management consulting is not interviewing at those schools. Big 4 are generally not recruiting at those schools either. They will accept students from them, generally for it advisory, audit, or assurance, and maybe a couple people in transaction advisory.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Some version of this thread seems to be posted like once a week...not sure who or why.

It doesn't really matter if you want to live a nice life, though some majors clearly have better outcomes than others.

However, this does not dispute the fact that the top schools produce an inordinate number of successful entrepreneurs and attract an inordinate amount of venture capital (https://pitchbook.com/news/articles/pitchbook-university-rankings).

In fact, an inordinate number of Top 10 school graduates dominate the ranks of venture capital firms (https://www.cnbc.com/2018/03/16/these-12-schools-produce-the-most-venture-capitalists.html).

If you want to break into Hollywood...it's not rocket science that yes it helps / matters that you attend USC (also, USC is actually the #1 school where SpaceX recruits, so maybe it is rocket science).

One can go on-and-on.

EY, Accenture, Capital One, etc. are hiring hundreds of kids each year and absolutely cast a wide net.

There just seems like some weird, reflexive group on DCUM that goes to great lengths to justify maybe a kid's rejection, or didn't even apply because could not afford it, etc.

All those inordinate numbers are due to the colleges you're talking about getting an inordinate number of the hs students most likely to be a successful entrepreneur or venture capitalist. That's who they're admitting. But comparable students at less elite colleges have the exact same chances of finding success in any field.

Show me something...anything to support your comment.

I guarantee you that due to location and reputation, there are quite literally 100x+ more VCs attending a Stanford business plan competition vs. South Dakota State.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Some version of this thread seems to be posted like once a week...not sure who or why.

It doesn't really matter if you want to live a nice life, though some majors clearly have better outcomes than others.

However, this does not dispute the fact that the top schools produce an inordinate number of successful entrepreneurs and attract an inordinate amount of venture capital (https://pitchbook.com/news/articles/pitchbook-university-rankings).

In fact, an inordinate number of Top 10 school graduates dominate the ranks of venture capital firms (https://www.cnbc.com/2018/03/16/these-12-schools-produce-the-most-venture-capitalists.html).

If you want to break into Hollywood...it's not rocket science that yes it helps / matters that you attend USC (also, USC is actually the #1 school where SpaceX recruits, so maybe it is rocket science).

One can go on-and-on.

EY, Accenture, Capital One, etc. are hiring hundreds of kids each year and absolutely cast a wide net.

There just seems like some weird, reflexive group on DCUM that goes to great lengths to justify maybe a kid's rejection, or didn't even apply because could not afford it, etc.

All those inordinate numbers are due to the colleges you're talking about getting an inordinate number of the hs students most likely to be a successful entrepreneur or venture capitalist. That's who they're admitting. But comparable students at less elite colleges have the exact same chances of finding success in any field.

Show me something...anything to support your comment.

I guarantee you that due to location and reputation, there are quite literally 100x+ more VCs attending a Stanford business plan competition vs. South Dakota State.

I don't dispute your comment about Stanford vs. SD State. But a student who is capable of being admitted to Stanford and CHOOSES to go to SD State instead will have the same success. Sure, they might have to be more proactive about getting the attention of those making the decisions, but that's about the only difference. Here's a link to Dale and Kruger, in case you haven't read it.

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1871566

Also, it's worth looking at the lists that were linked to earlier. The only list South Dakota State is on according to a search of the site is that for US Senators' colleges, but there are plenty of comparable colleges on all of the lists. Here's the one for CEOs of major US companies, which includes loads of colleges that admit pretty much anyone who applies. Success is due to who the person is, not the college they attend.

https://lesshighschoolstress.com/business/

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Some version of this thread seems to be posted like once a week...not sure who or why.

It doesn't really matter if you want to live a nice life, though some majors clearly have better outcomes than others.

However, this does not dispute the fact that the top schools produce an inordinate number of successful entrepreneurs and attract an inordinate amount of venture capital (https://pitchbook.com/news/articles/pitchbook-university-rankings).

In fact, an inordinate number of Top 10 school graduates dominate the ranks of venture capital firms (https://www.cnbc.com/2018/03/16/these-12-schools-produce-the-most-venture-capitalists.html).

If you want to break into Hollywood...it's not rocket science that yes it helps / matters that you attend USC (also, USC is actually the #1 school where SpaceX recruits, so maybe it is rocket science).

One can go on-and-on.

EY, Accenture, Capital One, etc. are hiring hundreds of kids each year and absolutely cast a wide net.

There just seems like some weird, reflexive group on DCUM that goes to great lengths to justify maybe a kid's rejection, or didn't even apply because could not afford it, etc.

All those inordinate numbers are due to the colleges you're talking about getting an inordinate number of the hs students most likely to be a successful entrepreneur or venture capitalist. That's who they're admitting. But comparable students at less elite colleges have the exact same chances of finding success in any field.

Show me something...anything to support your comment.

I guarantee you that due to location and reputation, there are quite literally 100x+ more VCs attending a Stanford business plan competition vs. South Dakota State.

I don't dispute your comment about Stanford vs. SD State. But a student who is capable of being admitted to Stanford and CHOOSES to go to SD State instead will have the same success. Sure, they might have to be more proactive about getting the attention of those making the decisions, but that's about the only difference. Here's a link to Dale and Kruger, in case you haven't read it.

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1871566

Also, it's worth looking at the lists that were linked to earlier. The only list South Dakota State is on according to a search of the site is that for US Senators' colleges, but there are plenty of comparable colleges on all of the lists. Here's the one for CEOs of major US companies, which includes loads of colleges that admit pretty much anyone who applies. Success is due to who the person is, not the college they attend.

https://lesshighschoolstress.com/business/

More with the Dale & Kreuger BS. That kid may have the same success at SD State as the Stanford kid if they both decide they just want a nice life as a SW engineer somewhere. However, the kid that goes to South Dakota state and comes up with the next Google will have a 1000x harder time getting funding for their idea vs. the Stanford kid. BTW...as Dale & Krueger point out...if that South Dakota kid is poor, then actually Stanford will produce a great outcome for him or her....much better than South Dakota State.

Also, this was not about becoming a CEO somewhere. This was just making the point that to say that where you go to college can matter depending on what outcome you want post-college.

[Anonymous]

Undergrad: no
Grad: yes

Case in point: The current CEO of General Electric went to Washington College in Chestertown for his undergrad, then went straight to Harvard Business School.

[Anonymous]

Anonymous wrote:Undergrad: no
Grad: yes

Case in point: The current CEO of General Electric went to Washington College in Chestertown for his undergrad, then went straight to Harvard Business School.

He’s an ancient white dude

Nowadays HBS wants experience from very specific ranks at specific companies or industries.