Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Went to none of these schools and salary is in the seven figures.

…and Bill Gates and Mark Zuckerberg never even graduated and they are hundred billionaires (but Gates sent his kids to Stanford and I assume Zuck’s kids will also go somewhere prestigious).

Do you have any information to refute these stats which include thousands of responses?

I mean, just life experience? I live in a very middle of the road random neighborhood in Nova and I don’t think I have a single neighbor making less than these stats. Any mid level government contractor, engineer, IT person, Human Resources, finance etc. This is not a hard salary to make at all. And obviously doctors and lawyers make way more, even the “lower” paid ones.

What Human Resources person is making $170,000?

Anonymous wrote:

Anonymous wrote:Went to none of these schools and salary is in the seven figures.

…and Bill Gates and Mark Zuckerberg never even graduated and they are hundred billionaires (but Gates sent his kids to Stanford and I assume Zuck’s kids will also go somewhere prestigious).

Do you have any information to refute these stats which include thousands of responses?

I mean, just life experience? I live in a very middle of the road random neighborhood in Nova and I don’t think I have a single neighbor making less than these stats. Any mid level government contractor, engineer, IT person, Human Resources, finance etc. This is not a hard salary to make at all. And obviously doctors and lawyers make way more, even the “lower” paid ones.

The richest graduates are the ones who came in rich and expect to inherit the wealth, not the ones with the highest salary yet to be earned.

Richest graduates (NYT 2017)
College > Top 1% ($630k+) > Bottom 60%
(<$65k)
1. Washington University in St. Louis 21.7 6.1
2. Colorado College 24.2 10.5
3. Washington and Lee University 19.1 8.4
4. Colby College 20.4 11.1
5. Trinity College (Conn.) 26.2 14.3
6. Bucknell University 20.4 12.2
7. Colgate University 22.6 13.6
8. Kenyon College 19.8 12.2
9. Middlebury College 22.8 14.2
10. Tufts University 18.6 11.8

Anonymous wrote:

Anonymous wrote:UC Berkeley and Santa Clara are very impressive. They aren't consulting/IB feeders like the ivies and they have "lower" academic standards for admits, but they still have very good average salaries.

Yes, but most of their graduates live in California, which has high salaries and high cost of living. So, while these schools show a high salary, it doesn’t mean much, per se.

It’s mainly due to the types of jobs they get in CA, not the salary differential.

If you want to work in AI, you need to work in CA, and those jobs pay a ton.

Someone who works for McKinsey gets paid the same in SF as Chicago or Dallas. If you work for a hedge fund in Houston or Chicago, you make the same as someone in NYC (in fact a Chicago hedge fund has the highest pay for new grads).

It’s just that there are 100x more hedge fund and finance jobs in NYC vs Chicago.

So, you can’t claim that an Iowa grad working as a business analyst for Pella is being paid less than someone working in PE in NYC because of the cost of living…it’s because the jobs are different and the PE job was never a real possibility for the Iowa grad.

Anonymous wrote:Went to none of these schools and salary is in the seven figures.

…and Bill Gates and Mark Zuckerberg never even graduated and they are hundred billionaires (but Gates sent his kids to Stanford and I assume Zuck’s kids will also go somewhere prestigious).

Do you have any information to refute these stats which include thousands of responses?

Anonymous wrote:Santa Clara? How?

It's due to the location (San Francisco/Silicon Valley) where high paying jobs are common.

Anonymous wrote:Went to none of these schools and salary is in the seven figures.

You're not supposed to count the two zeros after the period.

Went to none of these schools and salary is in the seven figures.

Anonymous wrote:

Anonymous wrote:What’s the common denominator between Santa Clara, Stanford, and UC-Berkeley? They’re all in California. Basically, if you attend a school on the coasts or a big city, and you stay and take a job there, your salary will be high. Further, if you take a tech or finance job in those same locations, your salary will be high. What does all this prove about any school?

Correct regarding schools that place most graduates on the East Coast or on the West Coast.

Schools which place most graduates in the Midwest or in the South will have lower earnings because the cost-of-living (COL) is significantly lower in these regions of the US.

The list is meaningless without adjustments for location / cost-of-living.

You still get paid a meaningful salary in Dallas or Miami if you are going onto a meaningful career in Consulting/IB/Tech. The biggest difference is major choice.

Anonymous wrote:Santa Clara? How?

Lots of private school kids attend - strong family networks.

Anonymous wrote:Title isn’t consistent with post. Wealth does not mean mid-life salary.

so take it up with author of the article OP linked. it's not OP's title.

Santa Clara? How?

Anonymous wrote:What’s the common denominator between Santa Clara, Stanford, and UC-Berkeley? They’re all in California. Basically, if you attend a school on the coasts or a big city, and you stay and take a job there, your salary will be high. Further, if you take a tech or finance job in those same locations, your salary will be high. What does all this prove about any school?

Weak argument. The fact is these colleges have the highest earnings whereas San Jose State graduates, for example, earn $79k. UCLA grads earn $83k. USC grads earn $92!

The schools OP listed are significantly higher than peer institutions.

Anonymous wrote:

Anonymous wrote:UC Berkeley and Santa Clara are very impressive. They aren't consulting/IB feeders like the ivies and they have "lower" academic standards for admits, but they still have very good average salaries.

Yes, but most of their graduates live in California, which has high salaries and high cost of living. So, while these schools show a high salary, it doesn’t mean much, per se.

Disagree. Salaries in CA cities aren’t much higher than other metro areas.