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Eh, I don't think these schools offer much upward mobility given their extreme cost. Almost all their students should be better off financially going to communi

Eh, I don't think these schools offer much upward mobility given their extreme cost. Almost all their students should be better off financially going to community college for 2 years then transferring to state school 2 years. These colleges are more so about brand, it's an elite,an Ivy, a Porsche. Is a Porsche 911 the car offering the best mobility? Surely its fast, but at the end of the day, a thousand other cars get you to the finish line nearly as quickly for a fraction of the investment. If you save 200k on education costs and it grows reasonably in the stock market, you'd need Harvard to make a diff of over a million dollars by age 45-50, as that's what your investment will do in the market.

lotsofpulp 7y ago
Harvard does not cost $200k for families with income less than $100k. And even if it does, the network you make at Harvard and the doors their brand opens is well worth it in the long run. There is a reason it’s so competitive, and it’s because it’s so competitive that it’s so worth it. Same for MIT/Stanford/CalTech/etc.
usaar333 7y ago
Management consulting firms don't recruit from most state schools.
TrackerFF 7y ago
These schools feed graduates into very lucrative companies. Investment banks, hedge funds, private equity, management consulting, white-shoe law firms, and the list goes on. Sure - most of these don't say "We only want to hire top ivy-league grads", but they a good chunk of their recruiting happens at those school. Most firms have gotten better at casting a wider net - but having the "correct" background does still pay off, if you plan on a career in those places.