- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Some girl from my high school got into Harvard. Does it really make a difference?
Posted on 4/14/23 at 2:18 pm
Posted on 4/14/23 at 2:18 pm
I'm in my early 20s for reference.
I was rejected from Harvard when I applied. Rightfully so but that's not the point here.
Recently found out a girl from my high school got accepted to Harvard. She deserved to get in (mock trial winner, poetry contest winner, spoke at some UN event) but that's not my question.
Does it make a big difference going to Harvard in terms of economic outcomes?
The median incomes don't seem that high ($81,000 per year) but there must be some reason why people are so desperate to get their kids into Harvard.
Someone reassure me that me being insanely jealous is completely irrational.
I work at a financial firm so I know that degree brand matters. However, surely there are so many schools that can get you into a financial firm so why are people so desperate to get their kids into Harvard if it doesn't help that much economically?
I was rejected from Harvard when I applied. Rightfully so but that's not the point here.
Recently found out a girl from my high school got accepted to Harvard. She deserved to get in (mock trial winner, poetry contest winner, spoke at some UN event) but that's not my question.
Does it make a big difference going to Harvard in terms of economic outcomes?
The median incomes don't seem that high ($81,000 per year) but there must be some reason why people are so desperate to get their kids into Harvard.
Someone reassure me that me being insanely jealous is completely irrational.
I work at a financial firm so I know that degree brand matters. However, surely there are so many schools that can get you into a financial firm so why are people so desperate to get their kids into Harvard if it doesn't help that much economically?
This post was edited on 4/14/23 at 2:19 pm
21
Posted on 4/14/23 at 2:19 pm to CAPEX
Its the connections you make while going there. Simple.
This post was edited on 4/14/23 at 2:20 pm
Posted on 4/14/23 at 2:20 pm to CAPEX
And yet, almost every business owner in America probably double or triples the income from grads there.
Posted on 4/14/23 at 2:25 pm to Billy Blanks
quote:
And yet, almost every business owner in America probably double or triples the income from grads there.
Yeah lets turn this thread into a pissing contest between academics and "regular Americans", I was thinking the same thing
Posted on 4/14/23 at 2:27 pm to CAPEX
If you're going into something like Investment Banking its basically impossible to get in the door without either great connections or at least a degree from somewhere like Harvard.
Like any college degree, its about what you major in and what you do with it. Though yes if you can get into a school like that I think you should go.
Like any college degree, its about what you major in and what you do with it. Though yes if you can get into a school like that I think you should go.
Posted on 4/14/23 at 2:27 pm to TrussvilleTide
quote:
Yeah lets turn this thread into a pissing contest between academics and "regular Americans", I was thinking the same thing
To be clear, this isn't my intention as thread starter.
I'm not against higher education.
I'm asking about the economic value of Harvard compared with another academic institution to the point where people donate $5m+ for their kids just to go there.
Posted on 4/14/23 at 2:30 pm to TrussvilleTide
quote:
If you're going into something like Investment Banking its basically impossible to get in the door without either great connections or at least a degree from somewhere like Harvard.
I interned at an IB firm 2 summers ago (switched to asset management because the lifestyle is much, much better).
While top schools were represented at the firm I interned at, we got kids from schools across the country.
So it can't all be about Investment Banking, surely?
And you have parents donating millions to try and get their kids in.
There's no way a career in IB is gonna pay more than the amount you donate.
quote:
Though yes if you can get into a school like that I think you should go.
Obviously.
I'd definitely go if they were up for letting me in.
Posted on 4/14/23 at 2:30 pm to Billy Blanks
quote:
And yet, almost every business owner in America probably double or triples the income from grads there.
The ones that don't fail.
quote:
Data from the BLS shows that approximately 20% of new businesses fail during the first two years of being open, 45% during the first five years, and 65% during the first 10 years.
Posted on 4/14/23 at 2:31 pm to CAPEX
My experience with friends that attended Ivy League schools was that is wasnt like the school made you that much more prepared for work afterwards or that you’d get hired based on institutional prestige as much as it was about the students you sat next to every day.
On one floor at Penn my friend was surrounded by offspring of pretty big names in a variety of different fields. It’s nice to have a U.S. Senator at your disposal when writing a paper on healthcare reform.
On one floor at Penn my friend was surrounded by offspring of pretty big names in a variety of different fields. It’s nice to have a U.S. Senator at your disposal when writing a paper on healthcare reform.
Posted on 4/14/23 at 2:33 pm to CAPEX
quote:
I'm asking about the economic value of Harvard compared with another academic institution to the point where people donate $5m+ for their kids just to go there.
I don't understand what you are asking? Are you asking is Harvard worth it over Tulane, Vandy, or Ga Tech? Almost definitely. Is Harvard worth it over Stanford, Duke, northwestern? Probably. Is Harvard worth it over MIT, Yale, Princeton? Probably doesn't matter.
Is it worth it over another SEC school? Almost definitely.
But as you said it depends on your degree and your plans.
ETA: The biggest thing is your fellow students especially in undergrad. At Harvard you are talking the best minds or wealthiest or most famous people in the world. At Vandy or Duke they are still top 3%, but at Harvard you are talking top 0.5% or better most likely.
Your roommate may be a prince or a billionaire's son or a random genius that's likely going to be a leader in their field.
This post was edited on 4/14/23 at 2:36 pm
Posted on 4/14/23 at 2:35 pm to baldona
quote:
I don't understand what you are asking?
I guess I'm asking how is it worth parents donating millions of dollars for their kid to go there?
Does it economically pay off if your parent donates >$5m to the school just so you can go there?
Posted on 4/14/23 at 2:37 pm to CAPEX
quote:
Some girl from my high school got into Harvard. Does it really make a difference?
People open doors. If an Ivy leaguer is doing the hiring where do you think they will hire from? It's a club.
Posted on 4/14/23 at 2:37 pm to CAPEX
quote:
I guess I'm asking how is it worth parents donating millions of dollars for their kid to go there?
Does it economically pay off if your parent donates >$5m to the school just so you can go there?
If you have the money? Sure. There's not many places you can go that you drop Harvard and people wouldn't be somewhat amazed. You drop Duke, Standford, Vanderbilt, etc. and its definitely not nearly the street cred to the average person. Now, in certain fields I couldn't speak.
Posted on 4/14/23 at 2:38 pm to CAPEX
It's the connections you make. People also assume a certain amount of ability based purely on the degree.
Posted on 4/14/23 at 2:39 pm to CAPEX
quote:
I guess I'm asking how is it worth parents donating millions of dollars for their kid to go there?
Does it economically pay off if your parent donates >$5m to the school just so you can go there?
If you're a plebe no, but I'd imagine in certain circles little Johnny attending Georgetown would look bad on the family.
Posted on 4/14/23 at 2:41 pm to CAPEX
quote:
I guess I'm asking how is it worth parents donating millions of dollars for their kid to go there?
Do you have data to back this up or is it a presumption you're making? Did this girls parents make a donation?
This post was edited on 4/14/23 at 2:42 pm
Posted on 4/14/23 at 2:42 pm to CAPEX
quote:
Though yes if you can get into a school like that I think you should go.
Obviously.
I'd definitely go if they were up for letting me in.
if its that obvious that you would go if offered, why are you asking if it makes difference?
Posted on 4/14/23 at 2:45 pm to VABuckeye
quote:
Do you have data to back this up or is it a presumption you're making? Did this girls parents make a donation?
LINK
It was revealed in the lawsuit that those who funded buildings at Harvard got massive admissions preferences.
Admission officers debated over art collections that could potentially come their way and whether donors were tapped out in terms of donations.
A kid whose parents donated $8.7 million got a score of 2 which means a much higher chance of acceptance. A kid whose parents donated $1.1 million (they donated $13m in total if you read the transcript) practically got 'red carpet' treatment where the kid was treated to a private tour of the place.
My question is not about this girl. She deserved to go there. She was very smart and had won awards so it makes sense she was accepted. She's low-income as well so there's no chance her parents were major donors.
I'm talking about the kids whose parents donated $8.7 million and whose parents donated $13 million and the art collection etc.
192 out of the 1666 graduating seniors at Harvard were on the list of kids related to top donors.
This post was edited on 4/14/23 at 2:52 pm
Posted on 4/14/23 at 2:46 pm to MrSpock
quote:
If you're a plebe no, but I'd imagine in certain circles little Johnny attending Georgetown would look bad on the family.
Even in those circles there's only a select percentage that actually care where their kids go or what others think. The people that earned their way into those circles likely don't care as they are the alpha dogs that don't give a shite what anyone else thinks, its more the 2nd or 3rd generations that made it there and slacked in raising the 4th generation and now need to help little johnny.
Posted on 4/14/23 at 2:46 pm to TrussvilleTide
quote:
if its that obvious that you would go if offered, why are you asking if it makes difference?
Fair point.
Maybe that's why I'm not at Harvard
I guess I'd go more for the brand than the actual educational experience.
Page 1 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News