"The future of the 1%: These are the 20 US colleges that produce the wealthiest grads"

[Anonymous]

Anonymous wrote:The 1% why anyone would want their child to be in this group of a$$jokers is beyond me. The 1% Bezosing around on their yachts and d%ck-shaped rockets are what’s wrong with this world.

Oh, yes, why would anyone want their kid to have $30 million in the bank. Gee, I wonder?

[Anonymous]

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Anonymous wrote:I think Notre Dame is the only real surprise on that list for me, particularly given that I think of it as a school that places a lot of grads in the midwest, where salaries tend to be lower.

Austin produces a lot of STEM degrees, I think. Berkeley was well, plus places a lot of grads in the Bay Area, where salaries are very high.
Miami and USC have a lot of richie rich kids that get jobs in the family business.
NYU places most grads in NYC, which has the highest salaries in the US.

No doesn’t surprise me at all. Huge endowment and many wealthy legacies.

Agree, a perfect example of kids who are just coming in from privilege and then returning to that privilege with the stamp of approval from a name brand school. ND isn't even that hard to get into if you are a wealthy Catholic because you can boost your odds significantly by sending them to a highly regarded Catholic high school. It's like a sneaky backdoor way of easing your kid's admission to an "elite" school.

Why is it sneaky? I know lots of kids in my DS's Catholic HS that were not admitted. Being committed to Catholic education, however, doesn't hurt you if trying to get into a school like Notre Dame, but it is not the only thing they are looking for obviously.

Sounds like you are bitter.

Lol at being bitter about not going to ND -- why would a non-Catholic with good grades want to move to South Bend and hang out with drunk former alter boys for 4 years?

My family is mostly non-religious.
My kid is attending a protestant church with friends.
(kind of like half religious and half socializing)
My kid will choose between Notre Dame(already got in) and Georgetown(waiting).
Very coincidentally, both are Catholic based colleges, but that was not a factor at all when make a college list.      

The kid picked a list of schools based on the field of study and the school itself.
The Kid wanted a school with an undergraduate business program. 
The Kid doesn't want a cutthroat competitive or stressful level of schools: In my kids view - UPenn Wharton, MIT Sloan, or Cornell Dyson.
(yes the kid probably didn't have a good chance anyways)
   
There are a few great public undergraduate business schools like Berkeley Haas, Michigan Ross, UVA McIntire, UNC Kenaan,
but you have to apply again to a business program in 2nd or 3rd year for those public schools.  Big added risk. 
Also if given a choice, didn't want to go to a huge public school.  

The kid liked Vanderbilt, but it doesn't have dedicated undergraduate business program.
So that leaves a handful of schools that my kid would consider - WashU, Rice, CMU, USC, Emory, Georgetown, and Notre Dame.  .  
Among these all things considered, The kid liked Georgetown and Notre Dame the most but leaning more toward Notre Dame.

The school itself is great, student caring and support is great, and most of all the business program is top notch with excellent opportunities.
School spirit and alumni network is a big plus for business students.  The school is great for both finance and consulting
- https://www.peakframeworks.com/post/consulting-target-schools
- https://www.peakframeworks.com/post/ib-target-schools 
- https://www.collegetransitions.com/dataverse/top-feeders-banking

The kid wanted to go to a school in a city environment, so one downside would be the location,
but it's at least better than locations like Dartmouth or Cornell with populations 8,000 and 30,000, and Chicago is 1.5 hour away. 
All the upside dwarfs this one downside.  

I think the school is a great fit for my kid. 
So that's one reason why a non-Catholic with good grades would want to go to Notre Dame.
I hope you learned something and I'm sorry if your kid got denied, but I'm sure your kid would also find a good school that fits.

I hope you realize 82% of students at Norte Dame are Catholic and 2 religion classes are required. If your child comes from a non religious family and never attended Catholic school and not attends a Protestant youth group, it is going to be a very big adjustment for your child because they will be an outsider.

According to some of the non-Catholic alumnis, The 2 religion classe (Theology) can be viewed as more like philosophy, church history, and the bible as a literature.
It's a higher education institution. It's not going to be like a bible study at a local church for middle schoolers.

My kid is already attending a protestant church, and I think in fact it's a good opportunity to have an exposure to a different perspective in terms of Christianity. 
College kids are college kids. They drink and party.  My kid actually likes the fact that the social life is mainly centered around dorm life instead of Greek and sorority type.
Also likes the school spirit around its football team and stuff.  The kid's main focus will be education in the field of business.  

[Anonymous]

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Anonymous wrote:UT Austin, Michigan, UVA, Miami and Boston are surprises to me. And NYU being so high is also a bit unexpected, though not entirely surprising.

NYU has #1 real estate studies program plus highly ranked performing arts school.

Lay off it with the real estates studies program shilling. No one cares about it, and it's not that good.

Huh?

Was trying to make a connection as to why NYU ranks high in ROI (in another list they are #5). I did not attend NYU and neither did oldest DC who attended a top school on this list. Youngest DC considering NYU among many schools, but is way off making a decision.

However NYU is a very popular option at both my DC’s private schools in DC. They hold the most real estate of any university in the US and in the most expensive city.

NYU Grads I have met loved it. On the other hand, I have met quite a few people who attended schools that are much higher ranked who were not happy with their undergrad experiences (Harvard, Yale, Berkeley) . I are just as much about my DC’s mental health and happiness as future earnings.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:UT Austin, Michigan, UVA, Miami and Boston are surprises to me. And NYU being so high is also a bit unexpected, though not entirely surprising.

NYU has #1 real estate studies program plus highly ranked performing arts school.

Lay off it with the real estates studies program shilling. No one cares about it, and it's not that good.

Huh?

Was trying to make a connection as to why NYU ranks high in ROI (in another list they are #5). I did not attend NYU and neither did oldest DC who attended a top school on this list. Youngest DC considering NYU among many schools, but is way off making a decision.

However NYU is a very popular option at both my DC’s private schools in DC. They hold the most real estate of any university in the US and in the most expensive city.

NYU Grads I have met loved it. On the other hand, I have met quite a few people who attended schools that are much higher ranked who were not happy with their undergrad experiences (Harvard, Yale, Berkeley) . I are just as much about my DC’s mental health and happiness as future earnings.

Funny, I know way more NYU undergrad alums, older and recent, who do not speak highly of their experience.

[Anonymous]

Anonymous wrote:UT Austin, Michigan, UVA, Miami and Boston are surprises to me. And NYU being so high is also a bit unexpected, though not entirely surprising.

Why are people surprised by UT-Austin? Texas and California consistently have the highest rates of millionaires and billionaires in the country. Many of these uber rich families send their kids to UT and have for generations. Tons of trust fund kids in Austin grow up to be wealthy. Not a huge revelation.
I'm always surprised by how east coasters underestimate (or thumb their noses at?) the wealth in Texas.

[Anonymous]

Anonymous wrote:

Anonymous wrote:UT Austin, Michigan, UVA, Miami and Boston are surprises to me. And NYU being so high is also a bit unexpected, though not entirely surprising.

Why are people surprised by UT-Austin? Texas and California consistently have the highest rates of millionaires and billionaires in the country. Many of these uber rich families send their kids to UT and have for generations. Tons of trust fund kids in Austin grow up to be wealthy. Not a huge revelation.
I'm always surprised by how east coasters underestimate (or thumb their noses at?) the wealth in Texas.

I'd bet most of the UT wealthy are self made.

[Anonymous]

Anonymous wrote:Some surprises in here:

1. Harvard
2. Stanford
3. UPenn
4. Columbia
5. NYU
6. MIT
7. Northwestern
8. USC
9. UChicago
10. Yale
11. UC Berkeley
12. Cornell
13. UT Austin
14. Princeton
15. Notre Dame
16. UMichigan
17. UCLA
18. UVA
19. Boston U
20. UMiami

This list largely overlaps with top MBA programs. Princeton, Boston U, Miami, and Notre Dame are the exceptions.

[Anonymous]

Anonymous wrote:

Anonymous wrote:No Duke, Vanderbilt, UNC, Boston College, Emory, Hopkins, Tufts. Surprising.

For one the title of the article is misleading, a 1% is much less than 30 million in net worth. Also the lost includes graduate schools not just undergrad, and lastly Emory, Hopkins, Vandy, are heavy pre med schools. However they're tons of wealthy alumni at these schools.

Those having $30 million in net worth realistically should belong to the .1%

Those schools are good at churning out the 1% but not necessarily the mega wealthy. Also this is a global list. It further reflects how certain schools have a more global appeal (aka NYU for being situated in the center of finance) and I won’t be surprised that there are more wealthy foreign alumni than US-based ones in some of the schools like Boston U or USC.

[Anonymous]

Anonymous wrote:[
Huh?

Was trying to make a connection as to why NYU ranks high in ROI (in another list they are #5). I did not attend NYU and neither did oldest DC who attended a top school on this list. Youngest DC considering NYU among many schools, but is way off making a decision.

However NYU is a very popular option at both my DC’s private schools in DC. They hold the most real estate of any university in the US and in the most expensive city.

NYU Grads I have met loved it. On the other hand, I have met quite a few people who attended schools that are much higher ranked who were not happy with their undergrad experiences (Harvard, Yale, Berkeley) . I are just as much about my DC’s mental health and happiness as future earnings.

Funny, I know way more NYU undergrad alums, older and recent, who do not speak highly of their experience.

Did your friends graduate more than 10-15 years ago? It looks like rankings have improved dramatically over past 10-15 years. Some of this may be location, location, location as others have said. But it looks like the school is investing a lot in quality of life.

Again, I am not shilling for NYU but one child is definitely considering applying. It looks pretty good to me. I care a lot about mental health and happiness of my children.

First: students themselves Ranked it number two for NY schools quality of life in Niche
https://www.niche.com/colleges/search/best-student-life/s/new-york/


https://www.nyu.edu/about/leadership-university-administration/office-of-the-president-emeritus/accomplishments/rankings-and-quality-of-life.html

Rankings
Global world rankings for NYU have increased dramatically during Sexton’s tenure.
Today, NYU is:
#27 in the Shanghai Jiao Tong University Academic Ranking of World Universities, up from #55 in 2003.
#30 in the Times of Higher Education’s World University Rankings , up from #60 in 2011.
#34 in U.S. News and World Report’s Best Global Universities, up from #36 in 2014.
#53 in the Quacquarelli Symonds World University Ranking, up from #79 in 2004
NYU cited by ThompsonReuters as the university with the #1 most improved international ranking between 2010-2015.
NYU called out by Times of Higher Education for its dramatic rise in ranking
NYU has been in the top 5 of the Princeton Review's "Dream School" rankings for 10 years, including three years at #1.
Significant progress among NYU’s schools in the U.S. News and World Report 2015 rankings, including:
The Silver School of Social Work rose to #16, up from #25 in 2000
The Robert F. Wagner Graduate School of Public Service rose to #6 from #19 in 2002
The School of Medicine rose to #14 in research, up from #34 in 2007.

Quality of Life
Student Health and Mental Health
NYU expanded all of its health services, especially mental services since 2002. Programs established include:
The NYU Wellness Exchange, a free 24-7 hotline staffed with medical professionals to address health and mental health issues
A 24/7 Crisis Response program Service & Walk-in Counseling
A University wide training of faculty and RA staff to identify potential student issues.
Student health fees and the student insurance plan were restructured to allow for a core of primary care, women’s health, and mental health services to be provided to all NYU students, with no out of pocket expenses, regardless of their insurance coverage.
Launched a new sexual misconduct center - Sexual misconduct Prevention, Assistance, Counseling & Education (S.P.A.C.E.) - which provides medical assistance; training & educational outreach for students, faculty and staff; and comprehensive support services from licensed health professionals.
Enacted a new sexual misconduct policy in 2014; revised to comply with new NYS law in 2015, and extended policy across all of NYU.
Added new staff members and developed programs and initiatives, .
Added 15 global counselors across all NYU global sites to support and coordinate student access to health/mental health services while students are abroad.
A new student health center in Brooklyn
Created the award-winning Reality Show: NYU, a musical about the challenges of college life that is required viewing for all freshmen. The show is written, performed, and produced by 
NYU students.
The Jed Foundation award the JedCampus seal for the mental health and suicide prevention programs in 2013
NYU has received 28 awards in “excellence and innovation” from the National Association of Student Personnel Administrators, more than any other college or university in the history of the program.

[Anonymous]

Anonymous wrote:

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Anonymous wrote:I think Notre Dame is the only real surprise on that list for me, particularly given that I think of it as a school that places a lot of grads in the midwest, where salaries tend to be lower.

Austin produces a lot of STEM degrees, I think. Berkeley was well, plus places a lot of grads in the Bay Area, where salaries are very high.
Miami and USC have a lot of richie rich kids that get jobs in the family business.
NYU places most grads in NYC, which has the highest salaries in the US.

No doesn’t surprise me at all. Huge endowment and many wealthy legacies.

Agree, a perfect example of kids who are just coming in from privilege and then returning to that privilege with the stamp of approval from a name brand school. ND isn't even that hard to get into if you are a wealthy Catholic because you can boost your odds significantly by sending them to a highly regarded Catholic high school. It's like a sneaky backdoor way of easing your kid's admission to an "elite" school.

Why is it sneaky? I know lots of kids in my DS's Catholic HS that were not admitted. Being committed to Catholic education, however, doesn't hurt you if trying to get into a school like Notre Dame, but it is not the only thing they are looking for obviously.

Sounds like you are bitter.

Lol at being bitter about not going to ND -- why would a non-Catholic with good grades want to move to South Bend and hang out with drunk former alter boys for 4 years?

My family is mostly non-religious.
My kid is attending a protestant church with friends.
(kind of like half religious and half socializing)
My kid will choose between Notre Dame(already got in) and Georgetown(waiting).
Very coincidentally, both are Catholic based colleges, but that was not a factor at all when make a college list.      

The kid picked a list of schools based on the field of study and the school itself.
The Kid wanted a school with an undergraduate business program. 
The Kid doesn't want a cutthroat competitive or stressful level of schools: In my kids view - UPenn Wharton, MIT Sloan, or Cornell Dyson.
(yes the kid probably didn't have a good chance anyways)
   
There are a few great public undergraduate business schools like Berkeley Haas, Michigan Ross, UVA McIntire, UNC Kenaan,
but you have to apply again to a business program in 2nd or 3rd year for those public schools.  Big added risk. 
Also if given a choice, didn't want to go to a huge public school.  

The kid liked Vanderbilt, but it doesn't have dedicated undergraduate business program.
So that leaves a handful of schools that my kid would consider - WashU, Rice, CMU, USC, Emory, Georgetown, and Notre Dame.  .  
Among these all things considered, The kid liked Georgetown and Notre Dame the most but leaning more toward Notre Dame.

The school itself is great, student caring and support is great, and most of all the business program is top notch with excellent opportunities.
School spirit and alumni network is a big plus for business students.  The school is great for both finance and consulting
- https://www.peakframeworks.com/post/consulting-target-schools
- https://www.peakframeworks.com/post/ib-target-schools 
- https://www.collegetransitions.com/dataverse/top-feeders-banking

The kid wanted to go to a school in a city environment, so one downside would be the location,
but it's at least better than locations like Dartmouth or Cornell with populations 8,000 and 30,000, and Chicago is 1.5 hour away. 
All the upside dwarfs this one downside.  

I think the school is a great fit for my kid. 
So that's one reason why a non-Catholic with good grades would want to go to Notre Dame.
I hope you learned something and I'm sorry if your kid got denied, but I'm sure your kid would also find a good school that fits.

I hope you realize 82% of students at Norte Dame are Catholic and 2 religion classes are required. If your child comes from a non religious family and never attended Catholic school and not attends a Protestant youth group, it is going to be a very big adjustment for your child because they will be an outsider.

According to some of the non-Catholic alumnis, The 2 religion classe (Theology) can be viewed as more like philosophy, church history, and the bible as a literature.
It's a higher education institution. It's not going to be like a bible study at a local church for middle schoolers.

My kid is already attending a protestant church, and I think in fact it's a good opportunity to have an exposure to a different perspective in terms of Christianity. 
College kids are college kids. They drink and party.  My kid actually likes the fact that the social life is mainly centered around dorm life instead of Greek and sorority type.
Also likes the school spirit around its football team and stuff.  The kid's main focus will be education in the field of business.  

Congrats to your son!! Sounds like he had grasped all that is wonderful about ND. Also sounds like you have all done your homework.

He will love the dorm life and will grow to have a strong bonds with others in his dorm. Football weekends are magical!! Be sure to visit for at least one per year. Mendoza is a top notch program and yes, the networking is strong for all ND alums. Sounds like he is leaning toward ND so I will say “Welcome Home” and Go Irish!!

[Anonymous]

Anonymous wrote:The “surprises” being UT, Boston U & U Miami? At least for UM, they started wealthy.

But, for the right students, UM has pretty good academics and is spectacular for helping students perfect golfing, tennis, boating, football appreciation and people skills.

If you want a wealthy kid, a so so bachelor’s degree plus a good golf game, an attractive face, a pleasing disposition and the ability to navigate a fraternity party beat the hell out of having a National Merit scholarship and a law degree without the good golf game and the ability to navigate the fraternity party.

One thing that’s shocking to me about this forum is the parents who are obsessed with education ROI but who apparently haven’t taught their kids to play golf or tennis, or to sail, and who haven’t thought at all about rush. If your kids can’t play golf, sail or play tennis, and they aren’t social enough to handle a fraternity party, you’ve pretty much slammed the door on them becoming truly wealthy through any route other than a dot-com miracle.

[Anonymous]

How much did the school have to do with any of this? The inheritors would have been rich regardless of where they went to school. The ones that were driven to give Wall Street a shot could have gone somewhere else to further those ambitions. The more deciding factor was that they had that career ambition.

[Anonymous]

Anonymous wrote:How much did the school have to do with any of this? The inheritors would have been rich regardless of where they went to school. The ones that were driven to give Wall Street a shot could have gone somewhere else to further those ambitions. The more deciding factor was that they had that career ambition.

I mean, this is a "chicken or the egg?" situation. Either way, there's an implicit understanding that if your goal is to be successful, it helps to rub shoulders with people who are one day going to be successful, or who have built-in connections - or both.

[Anonymous]

Anonymous wrote:

Anonymous wrote:UT Austin, Michigan, UVA, Miami and Boston are surprises to me. And NYU being so high is also a bit unexpected, though not entirely surprising.

Why are people surprised by UT-Austin? Texas and California consistently have the highest rates of millionaires and billionaires in the country. Many of these uber rich families send their kids to UT and have for generations. Tons of trust fund kids in Austin grow up to be wealthy. Not a huge revelation.
I'm always surprised by how east coasters underestimate (or thumb their noses at?) the wealth in Texas.

UT and Michigan are huge.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The “surprises” being UT, Boston U & U Miami? At least for UM, they started wealthy.

But, for the right students, UM has pretty good academics and is spectacular for helping students perfect golfing, tennis, boating, football appreciation and people skills.

If you want a wealthy kid, a so so bachelor’s degree plus a good golf game, an attractive face, a pleasing disposition and the ability to navigate a fraternity party beat the hell out of having a National Merit scholarship and a law degree without the good golf game and the ability to navigate the fraternity party.

One thing that’s shocking to me about this forum is the parents who are obsessed with education ROI but who apparently haven’t taught their kids to play golf or tennis, or to sail, and who haven’t thought at all about rush. If your kids can’t play golf, sail or play tennis, and they aren’t social enough to handle a fraternity party, you’ve pretty much slammed the door on them becoming truly wealthy through any route other than a dot-com miracle.

I would find your argument compelling if you had some data. Did Jim Simons have all of those attributes?