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Do You Need A Degree From An Elite University To Have Success In Life?


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2019 Sep 15, 6:04am   3,597 views  57 comments

by ohomen171   ➕follow (2)   💰tip   ignore  

#collegecheatingscandal
Madame President:
Your Sunday newspaper...I have many things to be proud of in you, Pedro, and Luah. All of you have incredible educational achievements. Of equal importance, all of you worked hard and earned your educations in a completely honest manner.
Right now there is a big scandal in this country about wealthy parents who paid large bribes to get their children into elite colleges like Stanford, Harvard, Yale, University of Southern California, UCLA, etc. The largest bribe was a stunning $6.2 million paid by the owner of a Chinese pharmaceutical company to get his daughter into Stanford. There is a long list including one actress who paid a $500,000 bribe to get two of her daughters into elite schools. One person who paid a $15,000 bribe already got 14 days in jail. Many other still face sentencing. If they had been honest, they could have made large contributions to these colleges. It would have helped their kids to get in honestly.
There is some question about the value of getting a degree from elite colleges. On one hand let us look at the educational institutions of our last few presidents as follows:
President Bush I BA Yale
President Bill Clinton: Yale Law School (Hillary Clinton also graduated from Yale Law School)
President Bush II: BA Yale and MBA Harvard
President Obama: Harvard Law School honors graduate (Michelle Obama also graduated from Harvard Law School)
President Trump: Attended Wharton Graduate School of Business
There is another side of this debate questioning the value of these elite schools. Only 23% of the Ivy League college graduates make it into the top 1% of wage earners in the US.
Let us look at the curious case of Elena E. Torello, MD. She graduated from the University of Buenos Aires Medical School. Elena spent most of her life speaking Spanish. Before coming to the US, Elena read English but could not speak it. When she arrived here and took the three tests for her US medical license, she scored in the top 5% of those medical school graduates taking the test. She was right up there with graduates of Harvard, Yale, and Stanford Medical Schools. She got accepted to the very competitive Kaiser San Francisco residency program. She did so well there that she was offered a job at Kaiser San Francisco when she graduated. Getting a job as a doctor at Kaiser is like getting accepted to the US Navy Top Gun fighter pilot's school. (Only 1% of the fighter pilots are selected.) Getting hired is not the last obstacle to having a career at Kaiser. After a probationary period, your fellow doctors must vote you in as a shareholder. When Elena started her career at Kaiser, her first office had previously been occupied by a Stanford Medical School graduate who had failed to be voted in.
A degree from an elite college is not an absolute necessity in life or an absolute guarantee of success.
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41   HeadSet   2019 Nov 1, 9:35pm  

(Hillary Clinton also graduated from Yale Law School)

And didn't Hillary repeatedly fail the Bar Exam?
42   komputodo   2019 Nov 1, 10:04pm  

I think you would have to define what SUCCESS IN LIFE means before any meaningful discussion could be made...I you mean success is being happy, then NO. Anyone can be happy or miserable...its a state of mind, not a level of education.
43   Rin   2019 Nov 2, 3:32am  

HeadSet says
And didn't Hillary repeatedly fail the Bar Exam?


Hey, at least she passed.

Al Gore flunked out of his first year at law school.
44   Rin   2019 Nov 2, 3:35am  

komputodo says
SUCCESS IN LIFE means


It means having access to fast tracking programs at places like Boston Consulting Group, Morgan & Stanley, etc, where someone from a State U (not named UC/Berkeley), who by virtue of being seen a 'not one of us', seldom gets any attention without already having had many years of experience in the field.
45   Shaman   2019 Nov 2, 7:00am  

Rin says
It means having access to fast tracking programs at places like Boston Consulting Group, Morgan & Stanley, etc, where someone from a State U (not named UC/Berkeley), who by virtue of being seen a 'not one of us', seldom gets any attention without already having had many years of experience in the field.


Then you’d have to live in that part of the country. With a massive student loan that next thing to ublayable. And working for someone else at their mercy and whim.
Who needs any of that? Take the money you would have used and start a successful business with all those smarts and know how. Don’t bother with the silly hamster cage.
46   Bd6r   2019 Nov 2, 7:14am  

ohomen171 says
Do You Need A Degree From An Elite University To Have Success In Life?

No you don't need, but if you are a rich, clueless dolt, then degree from such universities is a must. Kinda like joining an exclusive country club.
47   Ceffer   2019 Nov 2, 11:19am  

I needed a degree from an Elite University in order to become a smug failure!
48   komputodo   2019 Nov 2, 1:34pm  

Rin says
It means having access to fast tracking programs at places like Boston Consulting Group, Morgan & Stanley, etc, where someone from a State U (not named UC/Berkeley), who by virtue of being seen a 'not one of us', seldom gets any attention without already having had many years of experience in the field.

Seriously? That is what defines success for you?
49   Rin   2019 Nov 2, 3:15pm  

komputodo says
Rin says
It means having access to fast tracking programs at places like Boston Consulting Group, Morgan & Stanley, etc, where someone from a State U (not named UC/Berkeley), who by virtue of being seen a 'not one of us', seldom gets any attention without already having had many years of experience in the field.

Seriously? That is what defines success for you?


I'm formulating the type of response you'll hear from a lot of northeast corridor types on the value of brand name schools.

And since for them, success is both "branding" and access to higher places then it kinda follows.

I'm just the messenger.
50   Rin   2019 Nov 2, 3:17pm  

Ceffer says
I needed a degree from an Elite University in order to become a smug failure!


Well, it certainly fooled a lot of ppl into thinking that Al Gore was smart.
51   Ceffer   2019 Nov 2, 3:23pm  

Rin says
Well, it certainly fooled a lot of ppl into thinking that Al Gore was smart.


They just needed a game show host to translate for the Idiopolous.
52   Rin   2019 Nov 3, 4:41am  

Wait, I'm waiting for someone to defend Al Gore's admission to Harvard undergrad, just to later, flunk out of law school during his 1st year?

Any takers?

Ok, let me start ...

Al Gore Junior was son of Al Gore Senior, a Senator of his home state of Tennessee. Unlike let's say letting in some poor schmuck from upstate NY working in his dad's garage, re-conditioning some home appliances, Junior has a guaranteed job upon graduation from Harvard College as a potential candidate for future Senator or at least, the money manager for the estate of Senator Al Gore the Senior when the elder passes away.

And now, despite being a C- student in school and then later, getting straight F's in his first year of law school at Vanderbilt, Al Gore Jr is portrayed as some urbane intellectual who's environmentally conscious and a shoe-in for some major role in politics with little more than his family's legacy and reasonably decent looks. Well, the prediction came true and not only did Junior become a Senator and discover/invent the Internet, but he also became a Vice President of the United States.

Heck, even George W Bush and John Kerry outperformed Gore in school and that's not saying much.

FYI, I don't know of a single person who'd failed out of law school during his/her first year. At most, they left the program because they didn't want to borrow money for 2 more years just to not practice the law. That's how middle class ppl have to think because loans aren't dismissible in bankruptcy courts.
53   KgK one   2019 Nov 3, 1:34pm  

What shift jobs pay 165/210k ?
"And most of the guys I work with who make the same wage scale as I do have no degree and very little to no college. True they don’t understand the more technical aspects of my job like I do, but they make the same money, depending on overtime worked. Average is 165k/year for day shift and $210k/year for night. Oh and full benefits including a no out of pocket Cadillac health care plan and a very healthy pension. Hard to find any job to train for that offers better compensation."
54   Shaman   2019 Nov 3, 2:18pm  

KgK one says
What shift jobs pay 165/210k ?


Blue collar union trade skill jobs. Electricians, plumbers, certain specialty technicians, some top iron workers, elevator mechanics, heavy equipment mechanics, crane mechanics, crane operators, and then you have the government jobs...
Best way to get shift work that’s compensated so highly is to get a skill or package of skills that few others have. If you’re indispensable enough, you’re worth more.
55   Rin   2019 Nov 3, 2:31pm  

Quigley says

Blue collar union trade skill jobs. Electricians, plumbers, certain specialty technicians, some top iron workers, elevator mechanics, heavy equipment mechanics, crane mechanics, crane operators, and then you have the government jobs...
Best way to get shift work that’s compensated so highly is to get a skill or package of skills that few others have. If you’re indispensable enough, you’re worth more.


At least in Mass, if you want to break into the $120K+ "trades" territory, you need to pick up off-hour shifts like overnights, weekends, & holidays for time & half or double time depending upon the agreements in place.

Otherwise, the more comfortable positions with regular 7AM to 3PM daytime shifts tend to be in $65K-$75K zone but with full benefits (and holidays) and no on-call for anything. If I'd known this as a kid, I probably would have never gone to college. Fortunately, I won a full scholarship, starting 2nd year, so my entire loan overhead was $1K which I'd paid off during my 1st month of work.
56   Patrick   2019 Nov 3, 5:31pm  

Booger says


BINGO!

Same thing for house prices, which are driven upward by government loan programs.

If you tax people to give everyone in the US a dollar to buy an orange, guess what will happen to the price of oranges? Yup, they will be the old price plus a dollar more.

Everyone loses except for two groups:

1. orange growers (who will lobby for that dollar in DC)
2. the people who get the subsidy first - they will get a deal, but as soon as the price goes up, all other buyers are right back where they were

And we all have to pay a tax which just goes through to orange growers.

The right way to deal with a shortage of education, or housing, or oranges is to increase supply, not to increase demand through subsidies.
57   Shaman   2019 Nov 3, 5:51pm  

Rin says
At least in Mass, if you want to break into the $120K+ "trades" territory, you need to pick up off-hour shifts like overnights, weekends, & holidays for time & half or double time depending upon the agreements in place.


That’s definitely a part of those numbers. Figure on 55 hours a week. Not for everyone but does make it possible to support a family on one income.

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