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College and University Discussion
Reply to "UPenn had a 47% acceptance rate for the Class of '95, it's not that much of a flex to be a legacy."
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[quote=Anonymous]Relatively speaking, schools like MIT and CalTech were much easier admits because STEM/CS wasn’t seen as an interesting or lucrative career path. At that time, you basically went to work for IBM or HP or companies like Digital Equipment Corp. Pre-Internet it was nearly impossible for a college kid to raise VC money for a startup. There wasn’t much of a hedge fund industry (you had a DE Shaw, but that’s about it) hiring quants either. The only exciting companies were Microsoft and Apple, though Apple was just a PC company (that looked headed for bankruptcy in 1990). That’s why their 1990 admit rates were nearly 30% vs like 3% today.[/quote]
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