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[quote=Anonymous][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? [b]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.[/b][/quote]

Complete nonsense.

Caltech is a great school for a super smart kid interested in STEM-focused academia or some sort of technical post-college work.  Anyone smart enough to go there doesn't choose to do so for "social mobility" reasons.  The Ivies (and other similar schools) are the far better choice for a person looking to make money.

[quote=Anonymous][quote=Anonymous]My DC is in business.  The difference is night and day between good brand name schools vs mediocre no name schools.

[b]You get excellent initial opportunities into great consulting firms, finance, investment banking etc. that will soon lead to 6 figure income[/b] by attending good schools(so called target schools).

If you go to a mediocre no name school, then good luck. You won't even get an interview.
[/quote]

This is delusional and wrong. Only the [b]top[/b] students at target colleges get those six-figure job offers. And they prepare for those by curating the perfect resume starting freshman year, with all the right clubs, finance prep outside of class, networking events, and a near perfect GPA. [b]It's not like you just show up to career fair day as a junior and waltz into a $25,000 Goldman Sachs summer internship[/b].[/quote]

You are correct.  Even at Harvard, unless you're a superstriver you won't end up working TMT at Goldman or M&A at Morgan Stanley or whatever the cool kid first finance job out of college is these days.

But you might certainly end up at Jefferies or Deutsche.  It happens to plenty of kids at Harvard or Dartmouth or wherever every single year, and it's still a pretty good outcome for someone interested in finance.[/quote]

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