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College and University Discussion
Reply to "My child attends an elite college. It is overrated."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]You think those kids going into consulting are only making $60k? Kind of makes me doubt the rest of your post, honey.[/quote] More misconceptions. Even at HYPS, Bain, McKinsey and Boston offers are scarce and extremely cutthroat. The bulk of the class will go onto places like PwC and other normal 9-5 gigs often branded as “consulting” — $60k offer is pretty average in that bucket.[/quote] Incorrect. I'm old and when I graduated Brown decades ago, the starting salary in consulting was $85K (around $140K today) before bonus and the bonus is $$$. I started at Lehman Brothers (I know, I'm old) and my base was $120K (approx. 200K today) with a large bonus, sometimes as much as my base. I also met my H in college and somehow, we avoided the inbreeding discussed above, as I'm from another continent. However, what people don't get is how irrelevant the salary is for most of the Ivy graduates. MC is always obsessed with the earned income stats, the median salary after graduation. Do you think Sasha Spielberg called her dad, crying in her cereal, because she didn't get the Accenture job? Do you think Tisch and the Middle East princes were interested in a W2, 9-5 job? Ivys are not for MC trying to gain social mobility or wealth. If you are poorer and want to make serious money, go to CalTech. It is the BEST school for social mobility.[/quote]
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