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re: Some girl from my high school got into Harvard. Does it really make a difference?

Posted on 4/14/23 at 2:51 pm to
Posted by VABuckeye
NOVA
Member since Dec 2007
38283 posts
Posted on 4/14/23 at 2:51 pm to
1) It's a private university. Different rules than public universites.
2) You're talking about people donating money for multi-million dollar buildings. That's a select few that can even think about affording to do that.
3) Is it possible that those kids academics still stand on their own merit? Harvard isn't in the habit of accepting mentally challenged individuals.
Posted by CAPEX
Member since Dec 2022
918 posts
Posted on 4/14/23 at 2:55 pm to
I'm not against private donations. Just to be clear.

I'm asking whether it makes sense economically.

Just in case I become rich enough.

quote:

You're talking about people donating money for multi-million dollar buildings. That's a select few that can even think about affording to do that.


192 out of the 1667 graduating seniors were related to donors or of interest to top donors.

quote:

Is it possible that those kids academics still stand on their own merit? Harvard isn't in the habit of accepting mentally challenged individuals.


Yeah, but meeting the academics standard is quite easy. Something like 15,000 kids of the 56,000 kids that apply are academically qualified.

It's the other stuff like winning research awards and winning debating contests that make it very difficult.

Posted by DVinBR
Member since Jan 2013
15286 posts
Posted on 4/14/23 at 3:50 pm to
Harvard has been in most recent years accepting equity over merit so the degree is slowly losing its value
Posted by tokenBoiler
Lafayette, Indiana
Member since Aug 2012
4986 posts
Posted on 4/14/23 at 4:23 pm to
quote:

Does it economically pay off if your parent donates >$5m to the school just so you can go there?
If your parents can make that donation, it just doesn't matter whether going there will 'pay off'. You're already living a frick you life with frick you money, and unless you snort it all up your nose, you'll have that forever regardless where you go to school.
Posted by Ostrich
Alexandria, VA
Member since Nov 2011
10166 posts
Posted on 4/14/23 at 4:29 pm to
quote:

And yet, almost every business owner in America probably double or triples the income from grads there.


I bet entrepreneurs who went to Harvard make more on average than those who didn’t.

I mean just off the top of my head you’ve got Zuckerberg, Bloomberg, and Gates who went to Harvard. I don’t think Gates or Zuckerberg actually graduated though
This post was edited on 4/14/23 at 4:34 pm
Posted by tide06
Member since Oct 2011
20651 posts
Posted on 4/14/23 at 5:35 pm to
Some companies only recruit at certain schools.

Its a bigger deal at law firms, wall street and when trying to break into the C Suite than it is getting a job at the average company.
Posted by Riverside
Member since Jul 2022
8503 posts
Posted on 4/14/23 at 6:47 pm to
Is this a serious post? You really don’t understand the cachet of an Ivy League degree?
This post was edited on 4/14/23 at 6:50 pm
Posted by TheWalrus
Land of the Hogs
Member since Dec 2012
46136 posts
Posted on 4/14/23 at 7:35 pm to
People are desperate for prestige and the average moron only knows maybe 5 or 6 elite schools. Tell someone in bumfrick Kansas you went to Penn and they would assume you went to Penn State. They’ll slobber over Harvard. It’s why dipshits put Harvard on their LinkedIn when they took a free online tutorial from them.
Posted by CAPEX
Member since Dec 2022
918 posts
Posted on 4/14/23 at 7:59 pm to
quote:

Is this a serious post? You really don’t understand the cachet of an Ivy League degree?



Of course I do.

I'm asking whether it is rational though? Did you read my comment?

I'm talking about in terms of economic outcomes, not the brand name itself.

This post was edited on 4/14/23 at 8:00 pm
Posted by slackster
Houston
Member since Mar 2009
91362 posts
Posted on 4/15/23 at 12:18 am to
quote:

192 out of the 1666 graduating seniors at Harvard were on the list of kids related to top dono


10% of your graduating class is donating $10mm plus to the school and you’re asking whether it not it’s worth it?
This post was edited on 4/15/23 at 12:19 am
Posted by Larry Gooseman
Houston
Member since Mar 2014
2759 posts
Posted on 4/15/23 at 7:00 am to
My brother in law got MBA from Cornell. The opportunities he’s had since then have been amazing. The opportunities have found him through his network.

Bain
Director of Strategy at national specialized medical clinic
Partner track at Big 4
VP at something else right now
Posted by makersmark1
earth
Member since Oct 2011
20457 posts
Posted on 4/15/23 at 7:34 am to
It helps if you want a cabinet level position or Supreme Court justice.

You can succeed without Harvard.
Posted by CAPEX
Member since Dec 2022
918 posts
Posted on 4/15/23 at 8:17 am to
People say this all the time about the networks of these schools.

But how? Like I don't feel any sort of connection with the kids who went to the same undergrad as me.

I wouldn't go out of my way to help and neither do other alumni of my institution.

This post was edited on 4/15/23 at 8:18 am
Posted by hiltacular
NYC
Member since Jan 2011
20137 posts
Posted on 4/15/23 at 8:43 am to
quote:

People say this all the time about the networks of these schools.

But how? Like I don't feel any sort of connection with the kids who went to the same undergrad as me.

I wouldn't go out of my way to help and neither do other alumni of my institution.


I mean surely you made friends at the college you went to. At Harvard those friends are just way more likely to be the child of someone important.

I am 100% more likely to hire or help someone who went to GT (my undergrad).
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
135710 posts
Posted on 4/15/23 at 8:44 am to
quote:

Some girl from my high school got into Harvard. Does it really make a difference?
In finance, yes. Sometimes to ridiculous extremes. In premed, not so much.
Posted by HouseMom
Member since Jun 2020
1714 posts
Posted on 4/15/23 at 12:14 pm to
quote:

But how? Like I don't feel any sort of connection with the kids who went to the same undergrad as me.


The answer to your question is more of a "if you know you know" situation. The reason parents will donate millions to Harvard is the same reason donations happen on a smaller scale around the country. Private schools, sororities/fraternities, etc.

People want to keep the status quo for their children. The more exclusive social groups will undoubtedly provide non-economic benefits down the road. Nobody with $5mil to throw around is looking at a face-value economic benefit for their child. The benefit comes from the global business connections said child would get from moving in those circles.
Posted by Springlake Tiger
Uptown
Member since Aug 2006
15531 posts
Posted on 4/15/23 at 12:32 pm to
Harvard only selects the best or the best connected high school students. future employers know this and basically just hire them because they know Harvard has already screened them in the admissions process.
Posted by danilo
Member since Nov 2008
24851 posts
Posted on 4/15/23 at 2:14 pm to
Goldman Sachs aint hiring from Northwestern State.
Posted by CAPEX
Member since Dec 2022
918 posts
Posted on 4/15/23 at 2:19 pm to
quote:

Goldman Sachs aint hiring from Northwestern State.



Eh, Goldman hires from my undergrad as well.

But nobody is bribing officials or donating money to get their kids in.

Posted by evil cockroach
27.98N // 86.92E
Member since Nov 2007
8929 posts
Posted on 4/15/23 at 3:46 pm to
quote:

Its the connections you make while going there.
this. If you’re a closet case, and then never leave your dorm/apartment and never make any connections and never make any friends, then no, it probably doesn’t make a whole lot of difference.
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