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][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]

Which just shows how ignorant the old school finance world is. Google did a study, after only hiring from elite schools. They changed their model and found student from elite schools were not better employees than students from state schools.

[b]You need to educate yourself on the current trends in new business and hiring. advising your kids on knowledge that is 30 years old will not serve them well.[/b] [/quote]

Are you seriously trying to tell me that if your kid was torn between a school like Yale and one more like UMD you'd advise UMD???? For what reason? Money and the desire a lucrative profession aside, students obviously receive a WORLD CLASS education at Yale. Not so UMD.

Furthermore, I would argue that anyone who says money is not important has no idea what it is like to be poor and constantly do without.[/quote]

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