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[quote=Anonymous]If your DC wants to get a PhD, then going to the best school they can get into will help them.  PhD programs are very different than professional schools, and the elite ones can afford to be extremely selective.  In my Harvard PhD program, I don't think there was a single person who did not go to an elite university or SLAC.  And depending on what your DC wants to do with his/her PhD, it will matter a great deal whether they are in a top 5 program.

The above is just the reality of an academic career, which is not a great career in many ways, IMHO.  Before your DC even thinks about getting a PhD, s/he should spend a lot of time figuring out what they want to do and how much education is necessary.

I loved getting my PhD, but even compared to my classmates my experience was incredibly unique due to circumstances I couldn't have guessed even when I started.  Almost no one has an experience like mine.  And even fewer people randomly luck out like I did where the work they did in grad school turns out to be incredibly hot in the private sector a few years after they graduate.  I planned none of this; and my life would have been very different if my luck had gone a different way.[/quote]

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