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re: Business Decision: what is the long-term value difference for private universities?

Posted on 3/3/23 at 11:32 pm to
Posted by ChickennBiscuits
San Francisco
Member since Nov 2019
343 posts
Posted on 3/3/23 at 11:32 pm to
quote:

For business/finance, the Tulane name will impress the people hiring for the investment firms in NYC, much more so than LSU/Ole Miss/etc.


Those firms don’t look at undergrad, period. And no, they aren’t impressed by Tulane.
Posted by ChickennBiscuits
San Francisco
Member since Nov 2019
343 posts
Posted on 3/3/23 at 11:35 pm to
quote:

Western Governors University


Generally speaking, my WGU applicants end up in the same pile as the Devry and University of Phoenix ones.
Posted by MusclesofBrussels
Member since Dec 2015
4541 posts
Posted on 3/4/23 at 12:01 am to
quote:

Those firms don’t look at undergrad, period.


Posted by Earthquake 88
Mobile
Member since Jan 2010
3018 posts
Posted on 3/4/23 at 5:12 am to
Sometimes it’s not what you know but who you know. I will say the cream rises to the top at most occupations I’ve ever been around. If you are sharp and exceptional at your job you move up the ladder and competitors don’t mind poaching top shelf talent so you have leverage. My advice is go to an affordable school that has a good program in whatever it is you want to do in life. It’s hard to find exceptional employees these days. I’ll say it again the cream rises to the top.
Posted by Spacebaw
Baton Rouge
Member since Jun 2020
38 posts
Posted on 3/4/23 at 6:33 am to
quote:

For undergrad I would say zero. Grad school, definitely worth the money.


Fully agree. Go cheap on undergrad. Can't beat LSU on value if TOPS is in play. Spend on fancy grad school private name. Higher Ed doesn't care about you or the value your receive. They are all REITs now. It cares about new buildings and selling merch and corporate messaging. It's a pay-to-play scheme. So pay for fewer years with grad school.
Posted by GentleJackJones
Member since Mar 2019
4184 posts
Posted on 3/4/23 at 8:09 am to
Other than connections, which is never guaranteed (and given that equally as influential connections can be met at public schools), none of those would be worth it, imo. Maybe…maybe Tulane. That’s it. Tulane’s reputation is centered around academics. Baylor, SMU, TCU…those are essentially country clubs with some athletic focus. However, those schools, academically, don’t guarantee anything.

With exception to Tulane, the in-state, public schools have considerably better educational reputation (Texas and Texas A&M), and you don’t want to compare them to Rice either…

Essentially, look at your ROI - you’re spending Ivy League prices for nothing more than you couldn’t receive at some of the other public universities. It’s like paying Bentley or Rolls Royce prices for a Honda.

The Ivys, Stanford, Univ. Chicago, Notre Dame, Duke, Vanderbilt, MIT, Georgetown, and so forth…that’s different. You pony up at that point. Tulane would have to shave something off their sticker price, imo.

But your SMU, Baylor, TCU, and so forth (really any private school in Texas not named Rice)… no way.
This post was edited on 3/4/23 at 9:00 am
Posted by I B Freeman
Member since Oct 2009
27843 posts
Posted on 3/4/23 at 8:17 am to
very little benefit unless the school has a reputation with employers. Columbia, Harvard, Wharton, Stanford all mean more money at hiring.

A good one that has a growing reputation in the energy business is the MBA at TCU.
This post was edited on 3/4/23 at 8:20 am
Posted by lynxcat
Member since Jan 2008
24184 posts
Posted on 3/4/23 at 8:28 am to
For undergraduate, it’s more about the learning and social environment. Those schools offer a much smaller environment than big state schools but not as extreme as liberal arts schools that only have a couple thousand students.

Liberal arts vs big state school have very little in common except for getting a piece of paper at graduation. The schools OP listed are in the middle of that continuum. Generally, they are regionally relevant. SMU in Dallas is elite especially on the local business connections.
Posted by Ten Bears
Florida
Member since Oct 2018
3319 posts
Posted on 3/4/23 at 9:19 am to
quote:

Baylor, SMU, Tulane, etc.? Not Ivy League Outside the top 50ish universities But lots of $


I think if your kid is going to work and live in the region where their school is located, it is a good thing, but it also depends on what their major is and the comparable “state U”. For instance Baylor/TCU versus Texas? Texas would be the better option. Baylor/TCU versus LSU/Alabama/auburn? Baylor /TCU are simply better schools. But there are many other factors such as class size, overall size of the school, location, campus, etc that should drive the decision.

The just really depends how much one cares about name recognition, and other factors. Outside of top 25, it really does not matter unless you graduate from West Podunka Truck drivers U.
Posted by ChEgrad
Member since Nov 2012
3275 posts
Posted on 3/4/23 at 9:27 am to
quote:

Tulane


Freakishly liberal. Avoid.

You don’t go to a lower tier private unless you get a significant scholarship that makes it affordable.

My daughter went to a non-Ivy school ranked about 14th. We paid only room and board. Private schools have lots of financial aid. The more aid you ask for, the more they seem to find.
Posted by PUB
New Orleans
Member since Sep 2017
18296 posts
Posted on 3/4/23 at 9:38 am to
$160k? Tuition and fees are $60,000+/year right now without books, room and board
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
134884 posts
Posted on 3/4/23 at 9:42 am to
quote:

Justify (or not) the $160k minimum degree cost for this tier of private universities for these degrees, please.


The sense of superiority you get to have when people ask where you went to college
Posted by Cheese Grits
Wherever I lay my hat is my home
Member since Apr 2012
54792 posts
Posted on 3/4/23 at 9:54 am to
quote:

Baylor


No

quote:

SMU


Lots of rich folks but kind of snobby if you don't have dough

quote:

Tulane


Yes


quote:

For a business or finance degree


Better private school like Vanderbilt or Stanford

Michigan and Virginia are Public but like a private Ivy
Posted by BearsFan
Member since Mar 2016
1283 posts
Posted on 3/4/23 at 9:59 am to
I think every kids situation is different. Blanket statements are dumb.

I had friends who went to Baylor because it was cheaper for them than UT. I also had friends who felt like a smaller atmosphere would be better for them to learn in.


Mainly I would just tell people to avoid incurring large amounts of debt for undergrad. After that there are so many different factors to consider.
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