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Didn't they kinda address this? "The bar is set extremely high for universities like Caltech, which are selective, close to prosperous cities and teach mainly
by armaansarkar 11y ago
Didn't they kinda address this?
"The bar is set extremely high for universities like Caltech, which are selective, close to prosperous cities and teach mainly lucrative subjects. If their students didn’t go on to extremely high-paying careers, the college would probably be doing something gravely wrong."
- impendia 11y agoI dunno, how about pursuing careers as scientists rather than as hacks for the finance industry? Is that "gravely wrong"? And as far as being close to a prosperous city -- that is because Caltech is near the world hub of the entertainment industry. A Caltech education is mostly irrelevant to finding employment there.
- slg 11y agoIsn't that an inherit flaw in the system? It is also based on the assumption that everyone prioritizes money over everything else. If I worked in the Yale marketing department I could easily spin this as a being caused by the high character of Yale graduates who are more willing to dedicate their life to lower paying but higher impact jobs like academics or public service while those greedy kids from Harvard only ever chase money.
- morley 11y agoEvery other publication's college rankings prioritize "everything else" over money. The Economist just came up with a different ranking based on expected value.
- TheCoelacanth 11y agoIt's not a problem that their ranking is based on optimizing for income, since they state upfront what they are ranking them on. However, it could be a problem that not all of the students included in the data are optimizing for that. A school that was very good at helping students increase their potential income, but that attracted mostly students who aren't interested in maximizing income would be ranked low, but it should receive a high rank.