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[quote=Anonymous][quote=Anonymous][quote=Anonymous]All of DS’s friends are either in good jobs in manhattan or DC, make plenty to live off, or they are a year in or about to start  med law or grad. Gap years for those that took them were prestigious research/paid positions. They got jobs from on campus recruiting or offers after junior internship. One was alumni network in april after nih position fell through.

Not joking or exaggerating every single grad med and law is an ivy or Stanford or uchicago or Northwestern. Every single one. All but one are doing something different than parents and over half were on need based aid.

That’s what an elite undergrad does, but it is also because these kids are seriously talented.
None were recruited athletes. Coed friend group. All sorts of majors. Met through a casual music band/club/group for fun. [/quote]
Ours graduated from an elite school (some would say the most recognizable elite school) and this is not the case. Some have [b]elite PhD placements[/b] but the stipends/qol isn’t exactly enviable. One has a job at a major non profit from dad, another is in Investment Banking (you can guess what dad does), one os working in VC, and my son and two of his CS friends are underemployed living together.[/quote]

Those who want elite phd are not worried about the stipend, which by the way is 55k at elite phD schools, has very little taxes taken out, and the school covers insurance and tuition and fees. Elite schools often have extra funds for travel/first summer and almost always have affordable efficiency apartments near campus for grad students.  If you cannot live off of 55k with free health insurance and minimal tax, you suck at budgeting. 
Grads of these elite phD are the most likely group to get tenure at top places, which of course pay more--220-320k range--or launch into industry for similar high dollars. Just because you do not consider these good outcomes does not make it so. People would give a limb to get into that career track, and your kid's big name undergrad likely helped a lot.[/quote]

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