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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Even if true, which I disagree with, is it worth it?  What is the end goal?  So you “succeed” at the pressure cooker and got into Harvard at the cost of mental health, time to develop socially, and time to experiment with interests.  Now what?  In what paths are you at an advantage vs an equally smart kid who went to, for sake of keeping a consistent example, Browning and then a non-Ivy top 25 college?  I guess the parents get to feel good that the “service” they paid for got them some Harvard merchandise?[/quote]

Yeah, this is a key point in this whole discussion too. Harvard versus the non-Ivy T25 school is going to help for a few specific things you might want to do, namely:

- Work at a top Wall Street or consulting firm;
- Get into a top medical school, though this mostly matters if you want to enter a very competitive specialty;
- Get into a top law school, though this mostly matters if you want to work for a top law firm;
- Get into a top PhD program and from thence to academia, though that's a pretty bleak job market nowadays even for Harvard grads

There was a period where it helped for tech jobs but it no longer particularly does. And with the current upheaval in academia, and ever-dwindling acceptance rates meaning more and more qualified kids are turned away from Ivies, other pieces of this could easily fall apart too by the time it matters.

At any rate, if the vision you and your kid have for their future does not run through any of those paths, spending half of their childhood fighting for a spot at Harvard is pretty hard to justify for anything other than bragging rights.[/quote]

Law schools do not care about your undergrad brand except maybe at YLS SLS, maybe. 90% of admissions is based on GPA and LSAT. Going to northwest flyover state U with a 4.0 and 176 is better than Harvard with a 3.7 and 174 when applying to the T13. These things go in cycles and the “Trump Bump” in applications changed the landscape, but there was an extended period of time where Ivy undergrads didn’t go to law school in previous numbers because they realized the ROI was terrible and it didn’t leverage the prestige of their undergrad. The smartest kids at Ivies who want to make a lot of money go into finance and tech [/quote]

I wouldn't say the "smartest" -- just the most risk tolerant.  For risk averse folks, law school (for students of this caliber) is still a fairly safe way to a large income.[/quote]

Large for those who grew up in okay suburbs, drive leased Escalades, and go to public school. For those who go to Trinity and an Ivy, their definition of large income would require RSUs and carry that FAANG and mega PE provide. You have to a cretin to get a Harvard BA and go to law school.  [/quote]

The average profit per partner at a top 10 law firm (equivalent to FAANG) is likely to be around $8-10 million for 2025.  That's real money.[/quote]

A Harvard student whose only goal is to enter faang is more likely to succeed than one whose goal is V10 partnership. There’s so many pitfalls and issues in the legal profession before we even discuss what AI will do to it. Three years of lost income in law school and the compounding wealth generated by midlevel FAANG stock packages make the two largely equivalent in terms of net worth in one’s 40s and 50s. [/quote]

You're just moving the goalposts.  The point was, for risk averse students, law school can be just as attractive as finance, which can be really hit or miss, because it's a safer bet, and as for FAANG, not everyone has an interest in tech, particularly those who are not STEM focused.[/quote]

No I’m not. FAANG is safer. Someone at YLS would have to be delusional to think they’ll make V10. There’s so much luck involved. Job security in law hasn’t existed since GFC. Most associates will go in house and take orders by barking ex bankers who went into corporate finance. The hierarchy of banker>corporate lawyer is real [/quote]

You have no idea what you're talking about when it comes to law firms.  I agree that your hierarchy is correct though.  But again, that's not what my original post posited.[/quote]

What % of Yale law students are capable of becoming V10 partners? What % will succeed? It’s an enormously difficult lift that often requires a senior partner to die and hand you his book of business. It’s also gross to recommend a field where peak earning is so late in late. I’d rather make 1mm at age 30 than 10 at 55. FAANG lets you be rich young. Oh yea and no grad school loans[/quote]

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