8 ms·

That was my thought too, to make a simplistic example if a university had both say an engineering school and an art school, it might presumably do worse than a

That was my thought too, to make a simplistic example if a university had both say an engineering school and an art school, it might presumably do worse than a university with only an engineering school. So this metric might favor smaller, focused schools which happen to concentrate on education areas with high median salaries...

_delirium 11y ago
> So this metric might favor smaller, focused schools which happen to concentrate on education areas with high median salaries... I don't think that part's necessarily true. If a school focuses on an area with high median salaries, the model will take that into account in the predicted salaries, so the school will have to have even higher actual salaries than typical for the field (and its input demographics, SAT scores, etc.) to get a positive value-add. See Caltech for an example of a STEM-focused school that does badly by this measure: from its SAT scores, demographics, and heavy concentration of STEM majors, the regression analysis predicts that it should produce graduates with a median salary of $82k. But the actual median is $74k, so its value-add is taken to be -$8k. Some of the schools that do well are in areas with poor salaries, but score highly because they do better than you'd expect (or than the model would expect, anyway) for that area and student demographics. Otis College of Art and Design has a predicted salary of $29k from the regression analysis, but actual median is $42k, so implied value-add +$13k.
- selimthegrim 11y ago
  Not all the majors at Caltech are going to be value adds, and of those that are, they are generally leading to bench/engineering rather than business dev/marketing/executive positions
- carpdiem 11y ago
  Interestingly, having gone to Caltech, I suspect that its extreme focus on STEM research actually hurt it here. Mostly because that focus results in a very large portion of undergrads going on to grad school (much larger % than any other university), and grad students don't earn very much.
  - selimthegrim 11y ago
    Hi there, Mike! Care to expound on any solutions to make Tech more industry oriented? Are there things you'd rather have been exposed to more in your undergrad education given where you're at now?

_delirium 11y ago

> So this metric might favor smaller, focused schools which happen to concentrate on education areas with high median salaries... I don't think that part's necessarily true. If a school focuses on an area with high median salaries, the model will take that into account in the predicted salaries, so the school will have to have even higher actual salaries than typical for the field (and its input demographics, SAT scores, etc.) to get a positive value-add. See Caltech for an example of a STEM-focused school that does badly by this measure: from its SAT scores, demographics, and heavy concentration of STEM majors, the regression analysis predicts that it should produce graduates with a median salary of $82k. But the actual median is $74k, so its value-add is taken to be -$8k. Some of the schools that do well are in areas with poor salaries, but score highly because they do better than you'd expect (or than the model would expect, anyway) for that area and student demographics. Otis College of Art and Design has a predicted salary of $29k from the regression analysis, but actual median is $42k, so implied value-add +$13k.

selimthegrim 11y ago
Not all the majors at Caltech are going to be value adds, and of those that are, they are generally leading to bench/engineering rather than business dev/marketing/executive positions
carpdiem 11y ago
Interestingly, having gone to Caltech, I suspect that its extreme focus on STEM research actually hurt it here. Mostly because that focus results in a very large portion of undergrads going on to grad school (much larger % than any other university), and grad students don't earn very much.
- selimthegrim 11y ago
  Hi there, Mike! Care to expound on any solutions to make Tech more industry oriented? Are there things you'd rather have been exposed to more in your undergrad education given where you're at now?