Reply to I’ve observed that truly affluent families are blasé about where their kids go to college

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I haven't read the entire thread because it appears to be another inane debate about whether there are rich people in the South.

But I did want to pipe up and say that Paul Fussell's seminal work on class in America, called "Class: A Guide Through the American Status System," reaches the same conclusion as the OP.  Fussell noted that rich people tend to send their kids to schools with names like Boca Raton University, ie, schools that aren't overly academic and that provide a nice atmosphere. Bama, which has a school atmosphere that is so desirable that it's the top-trending hashtag on social media during rush week, certainly fits the bill.  Ivy League tends to be upper middle and middle class, per Fussell. And he also notes that if you put a bumper sticker on your car with the name of the school, you are definitely middle or upper middle (depending on the name of the school).

All of this makes sense, because salary data from Ivy League schools is pretty dismal. The median salary for a Harvard grad, a decade after graduating, is less than 85k.  Their highest paid alums are those with computer science degrees, and the tech industry famously doesn't care where you went to college, or if you went at all. That strongly suggests that they are making kinda high salaries due to their technical skills vs the Harvard brand. Why would a rich parent want their kid to grind it out at Harvard, getting chapped lips in the Boston winters, handing around middle class people, when they could be learning the family business closer to home and in a nice setting?

https://www.google.com/amp/s/www.cnbc.com/amp/2023/04/11/how-much-students-earn-after-attending-ivy-league-schools.html
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Harvard’s highest paid slums are all over the place, but quite prominent in venture capital, hedge funds and private equity. I think the name counts for something in those industries.[/quote]

That's the rumor, but the data suggests otherwise.  The data suggests the ROI isn't there.  [/quote]

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