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How much difference does a degree from a top school make?

 
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ClayK



Joined: 11 Oct 2005
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PostPosted: 05/08/19 9:41 am    ::: How much difference does a degree from a top school make? Reply Reply with quote

From https://www.bbc.com/news/world-us-canada-47963633:

"The question is whether elite colleges themselves boost future earnings, or whether they simply select highly skilled students who would succeed anyway.

Most of the evidence suggests it is largely the latter."



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TechDawgMc



Joined: 12 Aug 2010
Posts: 394
Location: Temple, TX


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PostPosted: 05/08/19 11:23 am    ::: Re: How much difference does a degree from a top school make Reply Reply with quote

ClayK wrote:
From https://www.bbc.com/news/world-us-canada-47963633:

"The question is whether elite colleges themselves boost future earnings, or whether they simply select highly skilled students who would succeed anyway.

Most of the evidence suggests it is largely the latter."


Got a 404 on the link

That’s what most studies I’ve seen show. Students good enough to go to an Ivy who don’t get in are just as likely to succeed somewhere else. biggest help is probably grad school.


pilight



Joined: 23 Sep 2004
Posts: 66773
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PostPosted: 05/08/19 11:49 am    ::: Reply Reply with quote

Gotta take the colon off the end of the link

The biggest advantage of elite colleges is better networking opportunities



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PUmatty



Joined: 10 Nov 2004
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PostPosted: 05/08/19 12:07 pm    ::: Reply Reply with quote

That article has no information about the actual studies that they are talking about, so it's hard to draw a lot of conclusions.

This is actually my field, and that really is the point in all of it. In this whole body of research, it is hard to draw conclusions. Whether you incorporate a conditional probability based on graduation matters a lot. The counterfactual makes a big difference. The students you are talking about make a big difference. The causal mechanism you can identify makes a big difference, especially as those tend to narrow your samples dramatically. The way you define "elite" and "selective" makes a big difference. Whether you look just at earnings, or other outcomes makes a big difference, as does your timeframe.

Anyone who suggests that we actually know the answer to this question - and that the answer is the same for all students - is either ignorant of the evidence or is being intentionally misleading.


5thmantheme



Joined: 11 Apr 2016
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PostPosted: 05/08/19 3:41 pm    ::: Reply Reply with quote

Fixed link :

https://www.bbc.com/news/world-us-canada-47963633


linkster



Joined: 27 Jul 2012
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PostPosted: 05/08/19 4:20 pm    ::: Reply Reply with quote

Back when I was studying, the research showed that the income level and level of employment of a student's parents is a better predictor of the student's prospects after college than the name of his school. Top schools such as Harvard, U of Chicago, etc. are filled with children of parents who sent them to expensive private prep schools whose job it is to get them into a prestige university.

There was a book in the late 60's called Who Rules America that showed that a huge percentage of the nation's leaders went to a very small group of private prep schools and colleges.


summertime blues



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PostPosted: 05/09/19 12:31 pm    ::: Reply Reply with quote

Are we on this AGAIN? Seems to me this was discussed at mind-numbing length several years ago.



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PUmatty



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PostPosted: 05/09/19 12:52 pm    ::: Reply Reply with quote

summertime blues wrote:
Are we on this AGAIN? Seems to me this was discussed at mind-numbing length several years ago.


It's almost like you didn't have to click on the clearly labeled thread.


snzuluz



Joined: 10 Aug 2007
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PostPosted: 05/09/19 5:54 pm    ::: Reply Reply with quote

Or just drop out of college like many top technology and business people - S Jobs, M Zuckerberg, and B Gates to name a few, and it does not matter where you went to college... yes some of those mentioned above went to ivy league schools but they never finished there and went on to do wondrous things for society...not sure Mother Theresa went to college or Nelson Mandela either...

People skills and getting along with others is more important than where you went to school...unfortunately, it has become a pissing contest by parents and even students to try to out impress other students and parents about where they got in to college, and where they are attending...it's all about "showing off"!


ClayK



Joined: 11 Oct 2005
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PostPosted: 05/09/19 7:03 pm    ::: Reply Reply with quote

summertime blues wrote:
Are we on this AGAIN? Seems to me this was discussed at mind-numbing length several years ago.


Given that long discussion, I thought some people might want to read the article. Sorry to have bothered you ...



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Howee



Joined: 27 Nov 2009
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PostPosted: 05/10/19 12:42 am    ::: Reply Reply with quote

snzuluz wrote:
Or just drop out of college like many top technology and business people - S Jobs, M Zuckerberg, and B Gates to name a few, and it does not matter where you went to college... yes some of those mentioned above went to ivy league schools but they never finished there and went on to do wondrous things for society...not sure Mother Theresa went to college or Nelson Mandela either...

People skills and getting along with others is more important than where you went to school...unfortunately, it has become a pissing contest by parents and even students to try to out impress other students and parents about where they got in to college, and where they are attending...it's all about "showing off"!


A+ for "Most Insightful Post". Cool

All of this discussion is predicated upon our default definition of "success", now, isn't it? I remember how, not so long ago, a poster here at Reb's used the criteria of having ridden first class on an airplane as a relevant metric. This is not rare among Americans.

I have always preferred Ralph Waldo Emerson's definition over any other:
Quote:
“What is success?
To laugh often and much; to win the respect of intelligent people and the affection of children;
to earn the appreciation of honest critics and endure the betrayal of false friends;
to appreciate the beauty; to find the best in others;
to leave the world a bit better, whether by a healthy child, a garden patch Or a redeemed social condition;
to know even one life has breathed easier because you have lived.
This is to have succeeded!”


Don't even need a high school diploma for THAT. Cool



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