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[quote=Anonymous][quote=Anonymous]Jobs tend to be local to an extend, all employers have to hire from schools in their locality. A quick search on LinkedIn shows 462 of 956 employees at Jane Street are in New York City, and the schools attended by most number of employees are along this order: 1. Princeton 2. Harvard 3. MIT 4. CMU 5. Cornell 5. NYU 6. Columbia. Three out of the top 6 are in NY/NJ, and out of the rest 2 are in Boston. Similarly a quick hit on Google shows 300 employees out of 1000 in Greater Pittsburgh area are from CMU, the city where the school is located, who is the second, 150 from Pitt, another local school, although if you go to Silicon Valley office that changes to Stanford, and Berkley. Where the employers are located matters, they can't always go out of their way to hire from top schools alone, San Jose State Univ employs a fair amount of graduates at Silicon Valley startups because they are right at the door step. That school is ranked anywhere near top.[/quote]

I don't really understand this post, if anything it proves the point that top-paying companies tend to restrict hiring to a select top schools.

Cornell, which is in the NY/NJ area as you state, is 4 hours away from NYC, the same length away as Boston. So while its in NY the state, its certainly no where close to the NYC metro area where Jane Street is based.

There are plenty of universities in the NYC area who are far larger than the ones you listed (except NYU), namely CUNY, Stony Brook, Rutgers, UConn, and similar sized privates like Fordham, Hofstra, Stevens Institute of Technology. Universities like Syracuse, University of Rochester and Binghamton are a similar length away from NYC as Cornell/MIT/Harvard and are also not well represented.

That's the rather obvious point being made here. The top schools tend to dominate the top-compensating jobs, which is in-turn why they are considered top schools. If you don't want top-compensating jobs and have other priorities, these rankings are not made for you. 
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