Reply to Is U Chicago worth cost over in-state UVA?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]DH is a highly placed corporate executive who went to Ivies, both undergrad and for business school. He works for a very large household name company. Most of his coworkers at his level did not go to expensive private colleges, at least for undergrad (some did go to well known business schools). Most went to flagship state universities and were recruited into the corporate world working for companies like Coca Cola for a few years before going for a MBA.

I would not pick Chicago solely in the hopes it would give your child a better shot at a more successful life if the alternative is UVA. UVA is a well known and reputable university that produces thousands of successful graduates. Any financial or employment advantages at Chicago will be going through a very specific type of recruitment track into the financial and consulting sectors and most kids don't do that, and even if you want to, it's not given you'll make it. Many applicants, even at the Ivies, get weeded out by the big firms.

UVA is a perfectly fine school. If money is a factor, go to UVA. It really is no brainer. If money is not a factor and you are appealed by the academic environment at Chicago, then go to Chicago. Just don't expect Chicago to open up that many more doors over UVA and it does depend on what kind of doors you're seeing to break through.

Here's a dirty secret about the top colleges. They all have many unique, individualistic and geeky students who do not go into the finances or law/business/medical schools. They become teachers, they work for nonprofits, they go into the arts. They barely struggle to make it into the upper middle classes. Most are usually happy in their own way. At the same time, the state schools top of of the class will usually end up doing very well. They go into businesses and sales and top graduate schools. If you're looking at Chicago solely as an investment into your child's future financial well being, it most likely won't pay for itself over UVA. If you're looking at Chicago as a great gift to your child, to offer the experience of studying at a fabulous and academically intense university for four years, then that's understandable. [/quote]

+ 1.  Here's something you and your kids can do if you have the time.  Drive around and pick a few homes that your DC thinks would be cool to live in.  Google the address find the owners' names.  Hit up linkedin to see where they went to school and what they do.  You'd be surprised at the number of no-name alma maters.   Of course some of them may have inherited money, won the lottey etc but pick enough of a sample so this works.

Here's another mantra to keep in mind everytime you have to make a big spending decision - "A fool and his money are soon parted".  Helps you make the right decision most of the time.[/quote]

Yes. The only valid measure of success is the size of your house. Everyone knows this.

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