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[quote=Anonymous][quote=Anonymous]Nothing in the data proves that it is the school that provides the extra income boost.[b] It is just as likely that the schools are good at picking students who would make a lot of money if they went to Penn State or ASU. [/b]

The really interesting thing is that "the government's figures actually low-ball how much students from these elite colleges are earning. The Department of Education's dataset is entirely based on students who either borrowed student loans or received Pell grants, meaning they exclude wealthy undergrads whose parents are able to finance their education in cash...In other words, we're looking at some of the least privileged students at America's top schools. The median family income among Harvard students in the government's sample, for instance, is about $33,000, which is not exactly representative of the institution." http://www.slate.com/blogs/moneybox/2015/09/14/ivy_leaguers_in_their_20s_they_make_even_more_money_than_you_thought.html[/quote]

I heavily disagree with that. I am 30 and went to a good public school in the northeast. In my graduating class, the kids that went to PSU or UMD honors college and the ivy league had roughly similar stats and were of similar intelligence.

9 years out, the ivy grads average a lot more in salary.

It isn't that the schools do a good job picking good students - otherwise the honors colleges at flagship universities would place people into high earning jobs.

It is the ease of access to the high finance/MBB consulting recruiting pipeline that really boosts ivy grad earnings. IB/S&T jobs put you in the path to accelerated earnings that exponentially grow if you progress in the field.

The people that 'caught up' to ivy grad earnings were those that went into biglaw after going to a t10 law school.

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