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College and University Discussion
Reply to "Selingo WSJ Essay"
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[quote=Anonymous][quote=Anonymous]The essay kind of talks out two sides. Says the elite schools don’t matter in the end, but then also says graduates of elite schools are 60% more likely to end up at elite jobs (think he used Goldman as an example) and secure higher salaries out of undergrad. Also, it shows a chart that says out of a Microsoft pool of entry level employees, 3500 out of around 12,000 come from colleges with 20% or less acceptance rates. It’s the largest group though that leaves 8500 employees coming from less selective schools. Again, the issue with this is that there are only like 25 colleges (most of which are relatively small) that fit this criteria while there are thousands that fit the other criteria of higher acceptance rates. My takeaway was that at Microsoft it definitely pays to come from a sub-20% acceptance college. I also don’t get looking at Fortune 50 companies as a good measure. Outside of tech, you just won’t see many top school grads wanting to work at Exxon or CVS or a good 30 of the F50 companies. [/quote] You do understand that 60% more likely doesn’t mean 60% chance, right. He is saying that is most kids have a 10% chance (probably high but for ease of explaining) of earning in the top 1%, grads from ivy ivy a 16% chance…yes better but still unlikely.[/quote]
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