Reply to High school senior daughter asked me "What's the point of all this?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Your daughter is correct.
[b]
There is no point to an elite college.... Unless your intention is to have rich friends.[/b]

The point to life is to be a good person, have good friends, be kind to strangers, give back to your community and (hopefully) have a close family.

A surgeon from Penn is no happier than a plumber, if you can afford a house, food, have close friends.

Once you have a certain amount of money, happiness does not increase  with more money and eventually declines.[/quote]

What? Or to have the kind of career that only an elite college can open for you? I work in finance and I know there are banks and money managers who will *only* recruit from the ivy league. They do that because they can, because they get SO many applicants that they can easily afford to be choosy. I know finance is not most people's idea of a good time so substitute any competitive career (journalism, magazines, book publishing, politics, museum curating, certain high profile tech companies) for what I just said.[/quote]

I went to high school with several people who work in finance,many of whom attended elite colleges & have done extremely well. My former classmate with most successful career in finance, however, went to the University of Delaware ( & didn't go to grad school). By the time she was in her late 20s, she was a VP for a major financial group (think JP Morgan, Cantor Fitzgerald, Merrill Lynch, etc) -- & her career trajectory has only continued to rise from there.

A degree from an elite school can certainly open doors but this is far from the only way to get in.[/quote]

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