Many people choosing private schools are not trying to calculate ROI on investment. I was looking for an easy commute, down to earth families, good facilities, strong athletics (DC is sporty), decent academics (based on my assessment) and continuous K-12 education. I was also very disappointed with how NYC public schools handled Covid. I know it's behind us now but I was adamant I wanted a school that is actually committed to teaching. I feel many families may be making similar choices - this is why public school enrollment is falling while private schools seem to be doing quite well.

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Anonymous wrote:in the world of top college admissions is legacy really that big of a benefit versus say FGLI or athletes?

i understand legacies help and the odds are definitely better - but it's not guaranteed.

Also, is the number of Ivy league legacies at say Trevor be that different than say a Chapin?

A couple smart enough to be double legacies at Harvard can calculate the ROI (or lack of ROI) at Trevor and….. pass

Disagree. I know numerous Ivy alums who send their kids to schools like Grace, Packer, Nightingale, etc. maybe not as high of a percentage as Chapin, but they’re still there. If you’re an executive or in finance making seven figures, private school is not going to break the bank.

Trevor isn’t nearly as good as those schools though.

Trevor college matriculations are just as good as Grace and Packer this year.

Trevor and CGPS had pretty good outcomes this year. I consider them kind of same level of schools.

Anonymous wrote:It also has fewer double legacy billionaire families competing for the slots.

How many billionaire families are at the TT schools? More than 10 percent?

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Anonymous wrote:in the world of top college admissions is legacy really that big of a benefit versus say FGLI or athletes?

i understand legacies help and the odds are definitely better - but it's not guaranteed.

Also, is the number of Ivy league legacies at say Trevor be that different than say a Chapin?

A couple smart enough to be double legacies at Harvard can calculate the ROI (or lack of ROI) at Trevor and….. pass

Disagree. I know numerous Ivy alums who send their kids to schools like Grace, Packer, Nightingale, etc. maybe not as high of a percentage as Chapin, but they’re still there. If you’re an executive or in finance making seven figures, private school is not going to break the bank.

Trevor isn’t nearly as good as those schools though.

Trevor college matriculations are just as good as Grace and Packer this year.

Funny.

It also has fewer double legacy billionaire families competing for the slots.

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Anonymous wrote:

Anonymous wrote:in the world of top college admissions is legacy really that big of a benefit versus say FGLI or athletes?

i understand legacies help and the odds are definitely better - but it's not guaranteed.

Also, is the number of Ivy league legacies at say Trevor be that different than say a Chapin?

A couple smart enough to be double legacies at Harvard can calculate the ROI (or lack of ROI) at Trevor and….. pass

Disagree. I know numerous Ivy alums who send their kids to schools like Grace, Packer, Nightingale, etc. maybe not as high of a percentage as Chapin, but they’re still there. If you’re an executive or in finance making seven figures, private school is not going to break the bank.

Trevor isn’t nearly as good as those schools though.

Trevor college matriculations are just as good as Grace and Packer this year.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:in the world of top college admissions is legacy really that big of a benefit versus say FGLI or athletes?

i understand legacies help and the odds are definitely better - but it's not guaranteed.

Also, is the number of Ivy league legacies at say Trevor be that different than say a Chapin?

A couple smart enough to be double legacies at Harvard can calculate the ROI (or lack of ROI) at Trevor and….. pass

Disagree. I know numerous Ivy alums who send their kids to schools like Grace, Packer, Nightingale, etc. maybe not as high of a percentage as Chapin, but they’re still there. If you’re an executive or in finance making seven figures, private school is not going to break the bank.

Trevor isn’t nearly as good as those schools though.

Anonymous wrote:

Anonymous wrote:in the world of top college admissions is legacy really that big of a benefit versus say FGLI or athletes?

i understand legacies help and the odds are definitely better - but it's not guaranteed.

Also, is the number of Ivy league legacies at say Trevor be that different than say a Chapin?

A couple smart enough to be double legacies at Harvard can calculate the ROI (or lack of ROI) at Trevor and….. pass

Disagree. I know numerous Ivy alums who send their kids to schools like Grace, Packer, Nightingale, etc. maybe not as high of a percentage as Chapin, but they’re still there. If you’re an executive or in finance making seven figures, private school is not going to break the bank.

Anonymous wrote:in the world of top college admissions is legacy really that big of a benefit versus say FGLI or athletes?

i understand legacies help and the odds are definitely better - but it's not guaranteed.

Also, is the number of Ivy league legacies at say Trevor be that different than say a Chapin?

A couple smart enough to be double legacies at Harvard can calculate the ROI (or lack of ROI) at Trevor and….. pass

Anonymous wrote:Former Brearley parent. Year after year about 25% of class goes to HYPS. With those in particular, it is a lot of legacy, but plenty of normal legacies. Only about 1/3 maybe get into their early schools so most of what you see is not legacy. Plenty of fancy families but plenty of regular families

Other kid went to a different TT with great results as well but not quite the same.

Honestly, I can’t explain why colleges love Brearley so much. But I can say that these results are not reducible to hooks, which are common at all these schools. It plays a role, but the unhooked are doing fine as well.

i can't really explain it either with respect to Spence. The results are out of this world. I understand some of it is $$. But the broad based number of excellent schools across almost the entire student body says that it has to be something.

in the world of top college admissions is legacy really that big of a benefit versus say FGLI or athletes?

i understand legacies help and the odds are definitely better - but it's not guaranteed.

Also, is the number of Ivy league legacies at say Trevor be that different than say a Chapin?

I think the cofounders of Cursor were interns at 2sigma while still at Horace Mann.

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Anonymous wrote: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.

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

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.

I know a new kid who got a Point 72 this summer, summer after freshman year of college. which is insane and not based on merit. you could say that's not a real internship since Point 72 doesnt do real ones that early, and I'd agree to a point. But it's an internship and it's at Point 71 and even if he's shadowing someone or making coffee, it's on his resume and AI will crawl that and pick out his resume for the next 15 years

Wow. I'm the poster just above this. I guess there are multiple nepo kids at Point 72.

I’m at a comparable firm and we have nepo interns too, usually college freshman or even high school seniors. It’s understood from the outset they won’t get full time offers here but having our name on the resume definitely gives a big leg up when applying to, say, Goldman or wherever “on their own” and then get that job “based on merit not nepo”

Yes - it is the best of both worlds - the kid effectively benefits from the nepo connection but isn't walking around the office with everyone saying "he's the son of the big shot sitting over there." People will likely eventually make the connection but it is less of an issue. Obviously, some people don't consider it to be an issue. To each his own.

I worked in a department at a big bank where we had a bunch of nepo kids. Probably the brightest guy I worked with who went on to do huge things was the son of someone affiliated with the department. And there were a few others like that. If anything, we got a few kids who probably should have been working in more important departments than ours but did it because of their dads. We also had some real duds who we had to put up with.

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Anonymous wrote: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.

The bigger catch-22 is that only the sufficiently wealthy can afford the highly refined education that includes deep dives into history, culture, and philosophy and shows the value of literarily aware, examined life, and yet if you believe this board, the entire purpose of this is to optimize for prestige signaling and compensation packages.

JS doesn't hire nepos. They also don't send their kids to TT schools - lots of Speyer and SHSAT (despite being plenty able to afford it).

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Anonymous wrote: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.

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

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.

I know a new kid who got a Point 72 this summer, summer after freshman year of college. which is insane and not based on merit. you could say that's not a real internship since Point 72 doesnt do real ones that early, and I'd agree to a point. But it's an internship and it's at Point 71 and even if he's shadowing someone or making coffee, it's on his resume and AI will crawl that and pick out his resume for the next 15 years

Wow. I'm the poster just above this. I guess there are multiple nepo kids at Point 72.

I’m at a comparable firm and we have nepo interns too, usually college freshman or even high school seniors. It’s understood from the outset they won’t get full time offers here but having our name on the resume definitely gives a big leg up when applying to, say, Goldman or wherever “on their own” and then get that job “based on merit not nepo”