Anonymous wrote:Because the idea of going to a large, public university with the majority of students hailing from one state isn't particularly attractive.

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Anonymous wrote:What you’re missing, PP, is the number of people at those private schools with generational wealth and connections. You’re not necessarily going to achieve that level of wealth solely from going to those schools. You’d have to exclude people who benefit from generational wealth in order to isolate and measure the impact of going to those schools in future earnings.

Both you and the other poster are missing the point. The point is even if what you say is true, the point is that the wealthy don't go to the state schools with the plebes. Don't you get it? That is precisely my point. But that is moot because you are wrong. Here is the data on the "generational wealth vs self made ratio for some of these schools


1 Harvard University Self made percentage is 78%
2 University of Pennsylvania 72%
3 Columbia University 75%
4 New York University 72%
5 Stanford University 76%
6 Massachusetts Institute of Technology 77%
7 University of Chicago 82%
8 Northwestern University 72%
9 Yale University 74%
10 Princeton University 75%

Most of these folks made their wealth by themselves. I know this runs counter to the leftist class warfare nonsense, but it is what it is

Link?

PP can’t provide a link because no university collects the data necessary to derive those statistics.

You are a moron. A 30 second google search should give you the link. don't be an information welfare queen. Get off your butt and do some work.

Anonymous wrote:

In order for this to be a remotely interesting statistical exercise, you need to remove all of those who are part of this due to generational wealth. Attending Yale isn't going to get my kid a multi-billion-dollar trust fund no matter what.

Wrong. Most of these guys made their money themselves, did not inherit it from their parents

here are the stats

1 Harvard University Self made percentage is 78%
2 University of Pennsylvania 72%
3 Columbia University 75%
4 New York University 72%
5 Stanford University 76%
6 Massachusetts Institute of Technology 77%
7 University of Chicago 82%
8 Northwestern University 72%
9 Yale University 74%
10 Princeton University 75%

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Anonymous wrote:I think the snobbery is within a very limited portion of the population that is oversampled in the DC area. My DC went to Michigan and while there are certainly some wealthy Michiganders who choose to go elsewhere, for many people going to Michigan is a huge accomplishment and in fact they are considered to be a little snobby. That is true for other flagship universities. Going to UT Austin is a big deal and seen to be very desirable if you live in Texas.

DC is primarily populated by northeastern transplants. The northeast doesn't really have any prestigious in-state schools so they are pretty accustomed to paying $$$ to send their kids out of state. In Virginia it is much less common to go out of state because of the relatively cheap options of W&M and UVA, which none of the northeastern states have an instate equivalent of. I think this mindset leads a lot of north easterners to automatically look down their noses at state schools in general. You do not find this attitude in the handful of states that have strong state colleges.

Northeasterner here. I think there is snobbery against going to one’s own state’s school, but schools like Michigan and Wisconsin are extraordinarily popular and desirable among the wealthy east coast crowd...

Anonymous wrote:DC is one of a pocketful of high income areas where this sort of snobbery exists. Go to other parts of the country and people find the notion of 70K schools laughable - it’s kinda like “only an idiot would pay that much for ...where??”. All of these expensive schools may gun for apps to people who could never afford it, and that pushes up numbers. But at the end of the day they KNOW who the small percentage are with the real money willing to pay full freight. A good percentage of this lot is admitted and then they all pat themselves on the back and dis the smart ones paying in state so they feel better. I see this all the time at our private. Woohoo.

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Anonymous wrote:OP, we move in and out of DC every few years. We are here now for the fourth time. We'll stay three years and then move again. In most of the country, you don't see this nonsense. People are super excited to attend their very good state universities. One of my kids turned down two Ivies to accept a full ride at University of Florida. We were of course thrilled to save the money. But for her, it was all about Gator Nation. She graduated with no student loan debt, as did my other kids. While I know many great people who went to Ivy Universities and are very successful, most of the people I know with those degrees have good jobs but crippling debt. My advice - Look elsewhere for guidance when helping your child select a college. DCUM is a good resource for many things, but not for advice on colleges.

Nothing wrong with being in the top 20% or even striving and getting to the 1%, but if you want to run this country and want to get to the top .01%, you have to go to a handful of universities in this country and the state schools are not it. There are exceptions, of course, but few and far between.

Remember, attending one of these elite schools is a necessary but not sufficient condition, so don't come back with "I know of xxx who went to an Ivy and is now a barista"

Uh, nope.
http://time.com/money/4364104/top-colleges-fortune-500-ceos/

Idiotic article from somebody who has never had statistics in their life. They should have normalized the same size based on the number of graduates from these schools, but what can you expect from a dumb white chick who went to University of Florida

Ok, so then if you have other evidence that you need to go to “a handful of schools” to be a .01%er/“Run this country” - share it. Otherwise you’re just talking out of your ass.

Learn to google idiot

https://en.wikipedia.org/wiki/List_of_universities_by_number_of_billionaire_alumni. Here are the top 10. See the trend. Just one state school

Top Billionaire producing Universities

Harvard University – 131 degrees, combined wealth $529 billion
Stanford University – 50 degrees, combined wealth $339 billion
University of Pennsylvania – 47 degrees, combined wealth $247 billion
Columbia University – 38 degrees, combined wealth $218 billion
Massachusetts Institute of Technology – 26 degrees, combined wealth $158 billion
University of California Berkeley – 19 degrees, combined wealth $83 billion
Cornell University – 23 degrees, combined wealth $57 billion
University of Southern California – 22 degrees, combined wealth $51 billion
University of Chicago – 28 degrees, combined wealth $49 billion
Yale University – 21 degrees, combined wealth $99 billion

Top 20 Ultra High net worth (80% here are Private schools, and not a single state school in the top 10)


Harvard University – 16,316 alumni, combined wealth $3,238 billion
University of Pennsylvania – 6,993 alumni, combined wealth $1,328 billion
Columbia University – 4,945 alumni, combined wealth $1,067 billion
New York University – 3,870 alumni, combined wealth $697 billion
Stanford University – 3,724 alumni, combined wealth $978 billion
University of Cambridge – 3,708 alumni, combined wealth $586 billion
Massachusetts Institute of Technology – 3,291 alumni, combined wealth $727 billion
Northwestern University – 2,902 alumni, combined wealth $384 billion
University of Chicago – 2,850 alumni, combined wealth $431 billion
Yale University – 2,667 alumni, combined wealth $552 billion
Cornell University – 2,661 alumni, combined wealth $482 billion
University of Southern California – 2,590 alumni, combined wealth $497 billion
Princeton University – 2,576 alumni, combined wealth $574 billion
University of California, Berkeley – 2,500 alumni, combined wealth $512 billion
Boston University – 2,219 alumni, combined wealth $408 billion
University of Michigan – 2,105 alumni, combined wealth $437 billion
University of Texas at Austin – 2,061 alumni, combined wealth $346 billion
University of Virginia – 2,035 alumni, combined wealth $258 billion
University of Notre Dame – 1,863 alumni, combined wealth $253 billion
University of California, Los Angeles – 1,728 alumni, combined wealth $299 billion

This is before normalization based on student population. Even without that Private universities produce 3x to 4x time what state universities produce. If you normalize for student body population, State universities will virtually disappear.

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Anonymous wrote:What you’re missing, PP, is the number of people at those private schools with generational wealth and connections. You’re not necessarily going to achieve that level of wealth solely from going to those schools. You’d have to exclude people who benefit from generational wealth in order to isolate and measure the impact of going to those schools in future earnings.

Both you and the other poster are missing the point. The point is even if what you say is true, the point is that the wealthy don't go to the state schools with the plebes. Don't you get it? That is precisely my point. But that is moot because you are wrong. Here is the data on the "generational wealth vs self made ratio for some of these schools


1 Harvard University Self made percentage is 78%
2 University of Pennsylvania 72%
3 Columbia University 75%
4 New York University 72%
5 Stanford University 76%
6 Massachusetts Institute of Technology 77%
7 University of Chicago 82%
8 Northwestern University 72%
9 Yale University 74%
10 Princeton University 75%

Most of these folks made their wealth by themselves. I know this runs counter to the leftist class warfare nonsense, but it is what it is

Link?

PP can’t provide a link because no university collects the data necessary to derive those statistics.

You are a moron. A 30 second google search should give you the link. don't be an information welfare queen. Get off your butt and do some work.

You need state universities to supply the labor that capitalists use to get richer. It is a beautiful system. State funded education to supply capitalists with trained labor. You work hard, they take most of the profits. They will never send their kids to sit next to your labor class child at a state school. Only a lucky few will break the class barrier and become capitalists and when they do, their kids will cease to attend state schools. State schools are for the masses. Everybody knows this

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What you’re missing, PP, is the number of people at those private schools with generational wealth and connections. You’re not necessarily going to achieve that level of wealth solely from going to those schools. You’d have to exclude people who benefit from generational wealth in order to isolate and measure the impact of going to those schools in future earnings.

Both you and the other poster are missing the point. The point is even if what you say is true, the point is that the wealthy don't go to the state schools with the plebes. Don't you get it? That is precisely my point. But that is moot because you are wrong. Here is the data on the "generational wealth vs self made ratio for some of these schools


1 Harvard University Self made percentage is 78%
2 University of Pennsylvania 72%
3 Columbia University 75%
4 New York University 72%
5 Stanford University 76%
6 Massachusetts Institute of Technology 77%
7 University of Chicago 82%
8 Northwestern University 72%
9 Yale University 74%
10 Princeton University 75%

Most of these folks made their wealth by themselves. I know this runs counter to the leftist class warfare nonsense, but it is what it is

Link?

PP can’t provide a link because no university collects the data necessary to derive those statistics.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What you’re missing, PP, is the number of people at those private schools with generational wealth and connections. You’re not necessarily going to achieve that level of wealth solely from going to those schools. You’d have to exclude people who benefit from generational wealth in order to isolate and measure the impact of going to those schools in future earnings.

Both you and the other poster are missing the point. The point is even if what you say is true, the point is that the wealthy don't go to the state schools with the plebes. Don't you get it? That is precisely my point. But that is moot because you are wrong. Here is the data on the "generational wealth vs self made ratio for some of these schools


1 Harvard University Self made percentage is 78%
2 University of Pennsylvania 72%
3 Columbia University 75%
4 New York University 72%
5 Stanford University 76%
6 Massachusetts Institute of Technology 77%
7 University of Chicago 82%
8 Northwestern University 72%
9 Yale University 74%
10 Princeton University 75%

Most of these folks made their wealth by themselves. I know this runs counter to the leftist class warfare nonsense, but it is what it is

Link?

Anonymous wrote:

Anonymous wrote:What you’re missing, PP, is the number of people at those private schools with generational wealth and connections. You’re not necessarily going to achieve that level of wealth solely from going to those schools. You’d have to exclude people who benefit from generational wealth in order to isolate and measure the impact of going to those schools in future earnings.

Both you and the other poster are missing the point. The point is even if what you say is true, the point is that the wealthy don't go to the state schools with the plebes. Don't you get it? That is precisely my point. But that is moot because you are wrong. Here is the data on the "generational wealth vs self made ratio for some of these schools


1 Harvard University Self made percentage is 78%
2 University of Pennsylvania 72%
3 Columbia University 75%
4 New York University 72%
5 Stanford University 76%
6 Massachusetts Institute of Technology 77%
7 University of Chicago 82%
8 Northwestern University 72%
9 Yale University 74%
10 Princeton University 75%

Most of these folks made their wealth by themselves. I know this runs counter to the leftist class warfare nonsense, but it is what it is