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Anecdotally, in the last recession the difference in starting wages between an MIT alum and a state school alum were nearly 3x. When company hiring gets tight
by lumost 5y ago
Anecdotally, in the last recession the difference in starting wages between an MIT alum and a state school alum were nearly 3x. When company hiring gets tight the brand name degree makes a big difference.
- giantg2 5y agoI sort of doubt that will make enough of a difference in this case. If they plan to go to MIT or similar for grad school, they might as well take the free undergrad. The opportunity cost of spending $100k vs free is pretty big in my view when the horizon to the graduate degree is short.
- endisneigh 5y agoThat’s not really the situation. I’d be surprised if the wage difference between MIT alums and state school alums who declined MIT is that large