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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]Elite universities provide opportunities that non-elite universities don't. That's a simply fact. If the students cannot take advantage of those opportunities during or after college, then it is on the student. Elite universities meaning HYPSM. Not Northwestern, Hopkins, Duke, Cornell, Vanderbilt, etc. A history major from Harvard can easily get interviews to the cream of the crop investment and consulting firms - McKinsey, Lazard, etc. GPA and extracurricular is not even taken into account. That same student at UVa would need to be a finance major in McIntire with a 3.7 GPA and multiple industry-focused extracurriculars with leadership positions. Probably leadership positions in certain well-connected frats as well. For an interview. That same student at Virginia Tech would not even get an interview, regardless of whether they have a 4.0 GPA and president of every industry-focused club. Top investment banking and consulting firms simply do not recruit at Virginia Tech. The interview may itself be more meritocratic given both students perform similarly, but interviewers are biased towards elite universities and having employees from elite universities is a selling point for the firm to the clients. Beyond the first job - which itself can be very important as it snowballs into better future opportunities and networks - having an elite university helps in both climbing the career ladder as higher positions are occupied by those from elite universities - regardless of whether it's due to nepotism, inherent drive or most likely both - and graduate school.[/quote] According to the data from the Department of the Education; https://collegescorecard.ed.gov/school/?166027-Harvard-University&fos_code=5401&fos_credential=3 Harvard History starting salary = $49,644 https://collegescorecard.ed.gov/school/?164924-Boston-College&fos_code=5208&fos_credential=3 Boston College Finance starting salary = $75,518 (I picked a school in Boston) UVA McIntire would be higher. If something is elite, it is valued more in society and in the market, and they would be willing to pay more $$$ for that. Almost all the data shows the program/major is more important than the school name alone. Program/major + school is a much better measurement for eliteness than a school name alone. [/quote]
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