It may just be me, but I feel like university admissions are a lottery. I had a kid that scored a 35 (first sitting) on the ACT with a good GPA. |
Good take. Never heard that before. |
W&M undergraduate business graduates rank 21st for earnings net of debt payments out of over 1,300 colleges according to the report below. That is better than decent. It ranks 6th out of all publics. https://cew.georgetown.edu/cew-reports/business/ |
What if you don't take out loans for school? |
William and Mary grads with a Bachelors degree make $5500 per month, W&M grads with a Masters make $5700 per month. How many years of making an extra $200 per month would it take to earn back that tuition plus the $66,000 in lost earnings? |
$5500 a month is piss. A mortgage in DC is $6000. |
SAT = meaningless |
Not totally meaningless. If you go into finance they ask for your SAT scores. Amazon asks for SAT scores. |
For around 20 schools, random lottery. For around 30 additional schools, hard to read. For literally every other school: pretty straightforward. NYU (for example) had 120,000 applications last year for 5,700 seats, that’s a 5% admit rate, I can’t imagine anything they care less about than whether you are confused about their test policy or not. Shut up and apply, dummy. BTW at $80 per applicant that’s $9.6 Million in revenue where 95% of the players lose, and the winners get to hand them $95k a year for four years. Literally better odds playing roulette at a casino. The number of applicants will go up in 2024. |
Same with FCPS. How do they know the rank? |
If you were awake during Econ, you may have learned people get utility from things other than money. Also not everyone pays tuition for grad school, if you are a funded humanities candidate you have the opportunity cost for lost salary (for two years…) but don’t have to recoup tuition costs. Also is that median salary? Half the graduates are earning more. Some a LOT more. MBA students who have their firms pay don’t have either issue. Thanks for attending my TED talk. |
In other words, made up based on anecdotal data from the poster’s direct experience of maybe a couple of kids. Well I would definitely base a third of a million dollars worth of investment on a hard analysis like that. |
Hackers |
The report shows median beginning salaries. |
Not only that, it shows median across all geographies. Typically pay is higher in more expensive areas. |