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College and University Discussion
Reply to "Why do selective schools market?"
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[quote=Anonymous][quote=Anonymous]They want the money from the applications. Some private colleges are running a disgusting business preying on kids. [/quote] No, they are not. The estimated total pay for a Admissions Officer at Columbia University is $71,149 per year https://www.glassdoor.com/Salary/Columbia-University-Admissions-Officer-Salaries-E2748_D_KO20,38.htm There are currently 28 of them. https://undergrad.admissions.columbia.edu/sites/default/files/2022-12/Regional%20Assignments%20Counselor%20Newsletter%202022-2023%20PDF.pdf In 2019 they took in in $3.14M in application fees https://www.ivycoach.com/the-ivy-coach-blog/ivy-league/application-fees-around-the-ivy-league/ So, that's $1,992,172 in salary for admissions officers alone. Using a normal rule of thumb of 50% salary for benefits, expenses and payroll taxes that's $2,988,258. Now add in administrative, printing, common app costs (yes they pay), printing, mailing, fee waivers, events, travel.... If app fees are a business they are a terrible one. I guess it's like the old joke: "We lose a little bit on every transaction, but we make it up in volume". [/quote]
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