Reply to Jon market terrible - anyone’s kids getting a good job

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We’re a normal family with normal kids that go to normal schools. It’s a tough market and many people are struggling to find a job. DS is an engineering major and is still looking for a position after to applying to 100+ places. Carnegie Mellon CS grads aren’t an honest reflection of the economy.[/quote]

Indeed, I’m the PP with the kid working at Whole Foods. My kid went to a good school, but not an amazing school and did internships but not at the kind of places where you really need to know someone important. That said, my kid also has a really great attitude about the whole situation because most of their friends are in the same boat. They’re all working in jobs that get their bills paid while they look for the jobs they want, and they’re not just sitting around waiting for life to hand them something. [/quote]

Holy cow. What college did your kid go to? This is why I'm always confused as to why non-1% families (or families that don't have a lot of generational wealth or a trust fund set up for their kids) let their children burn $200k on an English degree from Vassar (to take an example from my next door neighbor). Like seriously, what is even going through your head? Your kid would've been WAY better off doing engineering at VA Tech.

Also, major YIKES at the fact that most of your kid's college friends are just "working in jobs that get their bills paid while they look for the jobs they want, and they’re not just sitting around waiting for life to hand them something" -- is this what really happens when you major in the humanities at a SLAC? Ridiculous. At least if your kid was an English major at a school like Stanford, they'd be able to leverage that into a consulting gig at BCG or whatnot. [/quote]
English at Vassar to engineering at VT is a ridiculous jump. They probably would end up doing English at VT and have similar if not worse outcomes.[/quote]

Holy smokes.  What a stupid post.  People who do English at Vassar likely end up making way more than people who do engineering at VT.  Law school, anyone?   I did English at a SLAC and the. Law school and I have consistently made over $1M per year for about 15 years.  Take that Mr engineer. [/quote]
According to Forbes, Average alumni salary at VT is higher than Vassar 10 years post grad; and VT is disadvantaged by being a much larger school.

It actually doesn’t track that the more prestigious your degree the more you get paid. Your major has a much more massive impact on lifetime earnings.[/quote]

Not an apples to apples compare.  Vassar has generational wealth - so many who graduate do not NEED high paying jobs - or jobs at all. I have met many stay at home parents who went to Vassar. [/quote]

People keep using this “generational wealth” crap argument.  Unless you can show any research to support this (hint:  you can’t), the %age of kids in general with true generational wealth is fairly small, the chance they are all in college at the same time…again, very small…the chance they are clustered at one school…even smaller…the chance they are clustered at Vassar…super small.

There may literally be 25-50 kids in total at Vassar that meet this definition and their effects on overall income stats are negligible.[/quote]

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