Reply to Class of '26 Instagram College Decisions

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Of course the other side of this is that once you are up to $20M, your kids are basically guaranteed a comfortable standard of living to pursue whatever they want in life regardless of where they go in school/college, and so the marginal benefit of going to HM or whatever fades for different reasons.

It's a catch-22; if you're not wealthy enough to easily afford private school then your money would probably be better spent on something else, but if you are wealthy enough, your kids are going to do great regardless and they aren't necessarily going to want to crawl over the corpses of 1700 other Ivy Leaguers for an entry-level post at the 3rd best hedge fund anyway.[/quote]

my kid is at an Ivy and says half these kids are getting into 1st and 2nd best hedge funds via the nepo train. so be ready to push past that - not easy[/quote]

1st best hedge fund hiring is more meritocratic than HYP admissions. Nepo train will not get you to Citadel, Jane Street or Point 72. Can’t speak for others places.
[/quote]

Agree with this statement.  But there are a ton of HF out there and the point on private equity is definitely true.  do the 2-3 years at a IB then work daddy/mommy connections and get a PE job.  That is another hidden benefit of going to these private schools, the networks are much "better" for job placements.  [/quote]

How much of the value of the "network" of these schools comes from a student having attended vs. having parents who are well connected? Said another way, would the student at Stuy with a PE Partner dad end up doing better than the FGLI Prep for Prep kid who enters a TT at middle or high school? [/quote]

The Belle Burden‘s Strangers book would paint the other angle for the value in attending. Clearly her ex-husband got benefits from attending that wouldn’t be possible from going to Stuy. [/quote]
I thought half her schtick was being raised rich while he was from the boonies and grew up poor, so once he got money and settled into it he cheated and went wild spending. [/quote]

He didn’t grow up poor. He’s from a very waspy family.  Obviously she’s in a different category of wealth but he was definitely not poor.[/quote]

he grew up financially secure and then insecure - that was part of his whole thing. he got benefits by marrying her[/quote]

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