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I'm wondering what's the opportunity cost that you paid by having Cal State on your CV instead of a top-ranked university. I sometimes see people who went to MI

I'm wondering what's the opportunity cost that you paid by having Cal State on your CV instead of a top-ranked university. I sometimes see people who went to MIT or Stanford that I feel would not have gotten nearly as far as they have if it were Cal State. How many of your colleagues are from top universities?

shams93 9y ago
Studies have shown that Calstate LAactually does a better job at promoting social mobility than UCLA.
- gruez 9y ago
  that doesn't mean degrees from two are equal, or that there wasnt an opportunity cost paid by going to cc. I'm going to speculate that a UCLA degree is better than a calstate degree, but people going to UCLA are already high class, thus making UCLA lower mobility than calstate (cant move up when you're already at the top).
jobowoo 9y ago
I was able to find this site that compares average income by where students went to college. CSU Stanislaus: $47,000 (early career), $90,300 (mid career) MIT: $81,500 (early career), $147,000 (mid career) Early career is 0-5 years experience. Mid career is 10+ years experience. https://www.payscale.com/college-salary-report/bachelors?page=101 https://www.payscale.com/college-salary-report/bachelors?pag... Obviously, we can't say that prestige of college and income are causal but the correlation is definitely there.
- nradov 9y ago
  In order to establish some degree of causality we would have to look only at the population of students accepted to both schools. That way you're starting from a comparable baseline.
  - diablerouge 9y ago
    Also you'd have to control for major. MIT produces a lot of people working in technical fields with a higher average income. Cal State awards a broader range of degrees.
    - pkaye 9y ago
      Here is one only for computer science. https://www.payscale.com/college-salary-report/best-schools-by-majors/computer-science?page=32 https://www.payscale.com/college-salary-report/best-schools-...
- madengr 9y ago
  Meh, I’m making more at mid career than the equivalent MIT grad, and I went to a flyover state university. Don’t sweat it. Just get good at what you like to do and the money will come naturally.
lsc 9y ago
> I'm wondering what's the opportunity cost that you paid by having Cal State on your CV instead of a top-ranked university. I sometimes see people who went to MIT or Stanford that I feel would not have gotten nearly as far as they have if it were Cal State. How many of your colleagues are from top universities? Community college is different from a state college. Community colleges only do your first two years,and you transfer to another school for the rest of your Bachelors. This is what I'm looking at now... I really want to get into a top-10 school, but I'm a washout; I had terrible high school grades and I've only been published once in the meanwhile. A top-10 university won't let me in. Hell, I talked to the people at SJSU and they told me to take two years of community college and get back to them. It's interesting, though; I looked into it, and it's dramatically easier to get into Berkely from a community college; Berkeley has like a 15% admissions rate out of high school... and a 25% admissions rate from a California community college. (that said, I personally agree that a top-10 college is worlds better than a middle of the pack college. My only point here is that from my research? Even without any money constraints, the most realistic path for me to a top-10 college is through a community college. Of course, if you have a chance to go to a top-10 college, my advice to you is to borrow like hell and do it, because top-10 colleges, as far as I can tell, give you dramatically better returns if you graduate, and they don't seem to cost dramatically more than the mid-range schools. I personally think that the utility drops off pretty fast after you get out of the really top universities. I mean,I'm not saying it's not worth going to a middle of the road school... I'm just saying that I would be a lot more careful of taking out giant loans to go to a middle of the road school than I would when going to a top-10 school.)
- bsder 9y ago
  > because top-10 colleges, as far as I can tell, give you dramatically better returns if you graduate That is probably dependent upon major and level. I suspect that for engineering, for example, a "mid-tier" school probably is better for your average undergrad. I never saw the 400+ student lectures that are universally lousy at a mid-tier (20-50) university. You also got professors teaching classes at far lower levels (my Electronics 101 and Signals and Systems were taught by the Dean, himself) This may be unique to engineering given that engineering schools actually have to answer to an accreditation body (ABET).
prophetjohn 9y ago
I did a similar thing in Texas (Austin Community College -> Texas State University), albeit later in life. I'm on a 4-person engineering team where the other three when to Carnegie Mellon, Stanford and Princeton. I guess I worked at a moderately "prestigious" consultancy for a while that is a large factor in me having this particular job, but it seems like top universities aren't all that important beyond your first few years in the industry.

shams93 9y ago

Studies have shown that Calstate LAactually does a better job at promoting social mobility than UCLA.

gruez 9y ago
that doesn't mean degrees from two are equal, or that there wasnt an opportunity cost paid by going to cc. I'm going to speculate that a UCLA degree is better than a calstate degree, but people going to UCLA are already high class, thus making UCLA lower mobility than calstate (cant move up when you're already at the top).

jobowoo 9y ago

I was able to find this site that compares average income by where students went to college. CSU Stanislaus: $47,000 (early career), $90,300 (mid career) MIT: $81,500 (early career), $147,000 (mid career) Early career is 0-5 years experience. Mid career is 10+ years experience. https://www.payscale.com/college-salary-report/bachelors?page=101 https://www.payscale.com/college-salary-report/bachelors?pag... Obviously, we can't say that prestige of college and income are causal but the correlation is definitely there.

nradov 9y ago
In order to establish some degree of causality we would have to look only at the population of students accepted to both schools. That way you're starting from a comparable baseline.
- diablerouge 9y ago
  Also you'd have to control for major. MIT produces a lot of people working in technical fields with a higher average income. Cal State awards a broader range of degrees.
  - pkaye 9y ago
    Here is one only for computer science. https://www.payscale.com/college-salary-report/best-schools-by-majors/computer-science?page=32 https://www.payscale.com/college-salary-report/best-schools-...
madengr 9y ago
Meh, I’m making more at mid career than the equivalent MIT grad, and I went to a flyover state university. Don’t sweat it. Just get good at what you like to do and the money will come naturally.

lsc 9y ago

> I'm wondering what's the opportunity cost that you paid by having Cal State on your CV instead of a top-ranked university. I sometimes see people who went to MIT or Stanford that I feel would not have gotten nearly as far as they have if it were Cal State. How many of your colleagues are from top universities? Community college is different from a state college. Community colleges only do your first two years,and you transfer to another school for the rest of your Bachelors. This is what I'm looking at now... I really want to get into a top-10 school, but I'm a washout; I had terrible high school grades and I've only been published once in the meanwhile. A top-10 university won't let me in. Hell, I talked to the people at SJSU and they told me to take two years of community college and get back to them. It's interesting, though; I looked into it, and it's dramatically easier to get into Berkely from a community college; Berkeley has like a 15% admissions rate out of high school... and a 25% admissions rate from a California community college. (that said, I personally agree that a top-10 college is worlds better than a middle of the pack college. My only point here is that from my research? Even without any money constraints, the most realistic path for me to a top-10 college is through a community college. Of course, if you have a chance to go to a top-10 college, my advice to you is to borrow like hell and do it, because top-10 colleges, as far as I can tell, give you dramatically better returns if you graduate, and they don't seem to cost dramatically more than the mid-range schools. I personally think that the utility drops off pretty fast after you get out of the really top universities. I mean,I'm not saying it's not worth going to a middle of the road school... I'm just saying that I would be a lot more careful of taking out giant loans to go to a middle of the road school than I would when going to a top-10 school.)

bsder 9y ago
> because top-10 colleges, as far as I can tell, give you dramatically better returns if you graduate That is probably dependent upon major and level. I suspect that for engineering, for example, a "mid-tier" school probably is better for your average undergrad. I never saw the 400+ student lectures that are universally lousy at a mid-tier (20-50) university. You also got professors teaching classes at far lower levels (my Electronics 101 and Signals and Systems were taught by the Dean, himself) This may be unique to engineering given that engineering schools actually have to answer to an accreditation body (ABET).

prophetjohn 9y ago

I did a similar thing in Texas (Austin Community College -> Texas State University), albeit later in life. I'm on a 4-person engineering team where the other three when to Carnegie Mellon, Stanford and Princeton. I guess I worked at a moderately "prestigious" consultancy for a while that is a large factor in me having this particular job, but it seems like top universities aren't all that important beyond your first few years in the industry.