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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP there's a lot of talk about prestige and bragging rights but it goes beyond that. You're aware of Oxford, Cambridge, The Sorbonne, university of Bologna etc?

What do you think comes of attending those? You are surrounded by the "best minds" and you make connections with those people, you form a creative or business network that you carry with you out into the world.

[b]I have a friend who attended Harvard and never mentions it, avoids it if possible. Yet her network of friends and colleagues who she met there still exist and they are all doing extraordinarily well and can occasionally help each other out. [/b][/quote]

Is this unique to Harvard though? You get that at a lot of schools. I mean Penn State is supposed to have an amazing alumni network. [/quote]

Well if you'd read what I wrote I mentioned other colleges, Oxford, The Sorbonne etc. I only site Harvard because that's where my particular friend attended. You really need to pay more attention. I'm sure Penn State does have an amazing network of car salesmen and pharmaceutical reps. [/quote]

You're taking pot shots but let's analyze it a little deeper.

Penn State actually claims it is the #2 producer of CEOs.

https://invent.psu.edu/stories/penn-state-is-the-no-2-school-for-graduating-ceos/#:~:text=The%20only%20school%20rated%20higher,on%20the%20list%20was%20Berkeley.

According to DCUM, NYC firms now recruit at Penn State's business school.  I do believe the parents here are telling the truth about how it is now. Wasn't always the case.

CEOs have to navigate through relationships with a lot of different types of people to get ahead.  And a lot of people hate snobs, are insecure, or have other issues with elites.  State school people start out with a school brand that doesn't alienate...that can be a positional advantage.

The American impulse is generally anti-intellectual AND tends towards giving non-elites a chance to compete.  I'd bet on the staying power of those trends.  The trends and volume of grads favor state schools.[/quote]

Penn State sends some kids to NYC, but a school like UPenn with 1/4 the students sends 5x that of Penn State if you look at Peak Frameworks that tracks placements for banking, and Penn State doesn’t even rank at all for private equity.

Perhaps it’s a mistake…but if certain schools are sending a fairly large percentage to banking, PE, hedge funds, investment managers, etc…well that means they aren’t going the F500 route (except for tech).

[/quote]

PP.  You are correct.  CEO track is different than Finance.  I mention this type of job mainly because it is a different kind of "big money" job that people aspire to, one that state flagships do pretty well at producing since big corporations are more scattered aross America than high finance.  And the previous poster was implying PSU's network was full of poors.  (Incidentally some pharma reps make really good money in areas where extremely high paying jobs are less common...so that's kind of a stupid remark right there.  So do car dealers (not the sales reps) - car dealer families are usually among the richest families in small town America. Easily multi-millionnaire level.)

I respect people who build and manage things more than people who are crafty intermediaries, skimmers, and seizers of momentary advantages during financial panics and the like.  I have been peripherally involved with high finance types as an MBA (at school and at work).  It seems like it does require a kind of mental aptitude that is athlete-like.  Which can be impressive to see up close.  However, it also requires a focus on the almighty dollar that is somewhat antithetical to human relationships and a high quality life.  Kind of cheaply summed up in "He who dies with the most toys wins".  You'd never find me wearing a shirt like that. At several times in life, I've been told that I was not greedy enough to be considered for a specific business job. Interviewers have literally told me this - I did not have enough recognizable wants to make it believable that I would do the job well even though I felt my application meant I was sincerely interested.  I found that amazing, and I thanked them for the feedback and walked away at peace.  Because it's true.  Good pay is a measure of respect to me, and something I value, but it's way down the list of what I need and want out of a job. So, to me a lot of Finance comes across as competitive and greedy to the point where people revel in it - it's actually exciting to them.

I talked a little about what I've read about finance and PSU because indeed, going to Wall Street is one of the main reasons to go Ivy (to go to Penn vs. PSU).  I actually had both of those in mind, as well as Wall Street, at different points in my life and walked away from all of these as options after careful consideration of my goals, priorities, and desire for intellectual fulfillment vs. lifetime total $ accumulation.  I have zero regrets but am still interested in general business news and how institutions change over time.

What I see happening, actually, is that the big finance employers are less cool in the age of "hit it big" tech startups.  So they have to go a bit further afield to find sufficient new grad supply.  They have always had an up or out talent model (as does consulting).  So they need to keep feeding the machine.  I think it's actually kind of a form of "asset stripping" to rob young grads of so much of their free time and happiness in their 20s.[/quote]

The up or out model is really just a selection device that over-eliminates in the hopes that you end up with more concsstently quality at the end of the process.

Less than 5% of my entering class survived to make partner.  I think we lost a lot of great lawyers but the there were no duds that survived the process.[/quote]

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