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Is Elite College Worth It? Maybe Not (wsj.com)
45 points by drkimball on March 20, 2019 | hide | past | favorite | 63 comments



I had a unique opportunity of taking a year of classes at a good state school (in the top 100 for most STEM fields), and then went to an "elite" school for undergrad (taking a mix of CS/non-CS courses at each).

You can absolutely find motivated peers and professors at state schools, particularly if you look at places like the honors college. If you want to land a good job, go to a good grad school, etc (which is the goal for most people), all of that is 100% possible from a state school.

However, if you want to do something non-traditional (startups, research abroad, "choose your own adventure" style careers), I found that the "elite" school offered a lot more opportunity. Part of that is due to funding/size, where top schools have more money to allocate to students who ask for it. Students at elite schools have more support on average (from family as well as the school itself), so they tend to have more opportunities open, earlier.

It's like the difference between a big city and a small town. Plenty of people are successful without living in a huge city, so it's definitely possible. You could argue that the average drive of folks in a big city is higher, but a lot of that has to do with resources and opportunities as well.

The top students at a good state school would absolutely fit in at an elite school. The only difference I saw was in the support/resources they had before coming to college.


> startups, research abroad, "choose your own adventure" style careers

I'd add scientific research experience. I had a professor who I worked for and gave me research experience. I was meeting with him 1-1 as if I was a graduate student of his at my top-25 undergraduate university. I also got a publication out of it. This gave me a huge leg up in my graduate applications for PhD, and it helped me determine that was something I was interested in to start with.

That sort of very personal relationship is much harder to find at the big state schools.


That's a great point. One of my favorite parts of college was small research-based classes with 10-15 undergrads/grad students. The level of personal interaction and feedback from professors was the most valuable part.

That being said, I was fortunate enough to have similar experiences re: research at the state school as well (a professor who went out of his way to mentor me, leading to a few publications). It was definitely harder to find (because of how many other students professors at big state schools have to deal with), but it was more a function of professors' time than their willingness.


The problem I see it is the bar is so high that the only way to get into elite schools is to spend your childhood practicing standardized tests and doing prescribed extra-curricular activities. As a result I suspect these days the elite universities must be filled with really dull people who wont achieve the same "success" as previous generations at those institutions.


> As a result I suspect these days the elite universities must be filled with really dull people who wont achieve the same "success" as previous generations at those institutions.

Trading your conjecture for a bit of anecdata here: this has not been my experience. The most interesting (and kindest!) person I ever met went to Harvard after placing in their national speech and debate tournament.

I don't think any meaningful conclusion about the personalities of elite college attendees could be drawn from standardized tests and extracurriculars.


I gotta agree here, all but one of the smartest and most interesting coworkers I've had, hands down, came from Stanford, Harvard, and MIT. The only one who didn't was a guy who worked at a research center with me who was a national interest waiver. That guy was wicked smart, only drawback with him was he kept getting into trouble with the cops everywhere because he was a motorcycle enthusiast.

But yeah, other than him, all the top guys were from elite American universities. All smart, hard working, and deeply interesting in a way that you really don't see very often these days.


Turns out, intelligent, competitive, & driven people end up doing interesting things.


It's definitely not true that everyone at elite schools had to grind standardized tests to get in. Lots of kids are naturally talented at (or just really in to) the things schools like.


Your post is rather presumptuous. Do you consider playing classical piano, debating important issues, and helping the community as "really dull"? Because that's what I did that was "prescribed extra-curricular activity." And yet, I loved it all and got accepted to multiple "elite" schools. I didn't grind test prep either, acing my schools' coursework had prepared me over many years.

The real issue with these modern elite school graduates is that either they are massively indebted or that they come from an increasingly insulated wealthy class, not that they are dull.


>The real issue with these modern elite school graduates is that either they are massively indebted or that they come from an increasingly insulated wealthy class...

This issue actually can't be overstated. It's a real problem not only with elite schools, but even with a lot of non-elite graduates as well.

Not sure what a good solution for that is though?


It may be the most boring solution of all: education. Without someone telling our 16-18 year olds the idea of VALUE in education, they will end up over-spending. See the story below for my own analysis of myself:

When I compare my skill-set and knowledge-set now to 12 years ago, when I was 18, I am remarkably astounded by the huge amount of $$ I casually dropped on an elite education. Even with $20k paid by merit scholarships and research grants, I was dropping $40k yearly for an education that was maybe 10-15% better than what I could've gotten for $5k yearly at a local school. If I took that $35k yearly and invested it into the stock market, I'd probably be about $200k richer today. Is that 10% of a difference really worth $200k to me now? Is a slightly deeper/broader knowledge better than half a home, in my MCOL area? Is it better than a Tesla and a yearly $10k vacation to expand my horizons? I doubt it...


I see as more of a lottery, unless legacy or a huge donor etc. My HS child has sights set on MIT or Stanford. They might get in, and are way ahead of where I was at that age, but I've told my child to be sure and have a solid backup plan. Students can do everything right and still have a 5% chance of getting in.


This is just Goodhart's law: "When a measure becomes a target, it ceases to be a good measure" - the tests and grades and community service hours were all good correlations for good performance, but once optimized for, you're getting the people who optimized for those traits, not the people who found those traits useful towards further goals.

The people who took on community service hours because it helped them understand the less fortunate and taught them skills and the value of hard work will succeed. The people who took on community service hours because they were a requirement on a resume will not. (Of course, for some definition of success - most of both groups will likely be successful at life, but I'll bet that the median, mean, and mode happiness for the latter group are higher)


I took on community service hours because it was a requirement on a resume. Looking back at my younger self I'm disgusted that I did that, and disgusted that I was a part of a culture that encouraged that sort of calculated, self-serving motivation for public service. However, I still did the community service hours, and it exposed me to places and things I wouldn't have known or seen otherwise.

Similarly with standardized testing - I was very into studying for standardized testing because my parents put it into my blood that this is what I ought to do. So I took the tests, got perfect scores, got into an elite school. But I also learned a ton of math and science as a result of that study.

So, while it's true that getting into an elite school means playing a certain game, the game is not entirely without value.


You've got a really good point - you can learn something from those experiences even if you do them for the wrong reasons. I don't think your case is the common one, but nor is it rare.

I guess, colleges want people who could have learned those lessons. Exposure is a requirement. Unfortunately, they've not been really good at telling whether the lessons are learned.


Judging by the alma maters of a lot of tech startup founders, the grads of the elite schools seem to be doing just fine still.


It's undeniable that these schools are attended by people who materially benefit from the current economic system.

Then the question is, did the startup founders get successful thanks to their status (which also helped them get to "elite" schools) or was it thanks to the school.


It's not necessarily a binary choice.


I went to professional school and graduate school with some people with elite undergraduate educations. Of the few that expressed something like an opinion about it, I would say that most of them didn't regret going to elite colleges, but that doing so certainly wasn't obviously worth it.

The answer is always going to be: It depends. Right?

Sometimes college isn't worth it at all, elite or not.


Just a counterpoint: The decade after undergrad is probably not when the network gained by an elite undergraduate education is most useful.


Yes, that's a good point. Not obviously worthwhile at the time is not the same as never-going-to-be.


The problem is they probably wouldn't really know right? And if you're unsure you're not going to say it was a waste of money or effort.


My Grandfather was employee #3 at his company and over 35 years of hard work eventually became CEO and helped grow the company until it was listed on the NYSE. He preferred to hire people whom attended state schools and with B averages. Moreover, he thought private colleges and out of state schools were a huge waste of money (even as CEO and worth tens of millions lived in a modest 3 bedroom house and drove a 20 year old car).

He would repeatedly say to me: "I'd rather hire people whom got B's in school and had a social life than automatons who got A's." and "College is like driving cross-country. You can get there in a pinto or a Mercedes, what you see and learn along the way is up to you!"


> "College is like driving cross-country. You can get there in a pinto or a Mercedes, what you see and learn along the way is up to you!"

Perhaps this is a great analogy in more than he meant. Either car enables you to do great things, but if you're unlucky and get hit by a truck, the merc was the safer option.


> I'd rather hire people whom got B's in school and had a social life than automatons who got A's.

Depending on the school and program, I would say that you don’t necessarily have to be an automaton to get As. Knowing how to do coursework strategically goes a long way in facilitating both getting As and having a social life.



It depends on the degree. For STEM, not so much. For law, business, humanities, absolutely.


I disagree. How many NC State grads become tech luminaries? Very few. How many Stanford, Harvard, UWash, UIUC, even Cornell or Yale CS (not as highly ranked) become tech luminaries? A lot more. (FWIW, it's so hard to get into CS at UIUC/UWash today it's equivalent to getting into an Ivy).

Of course, you could always say that this is a function of inherent talent and drive more than institution, which is possible, but even then it's just a vital social signal and leaves out the 99% who could never stand a chance of getting into elite institutions like me.


I've inspired thousands to code around the world via my YouTube channel. I went to community college for business and dropped out. Some of my work is used in Universities. In addition, Google invited me to an educational convention last year. My point is... I disagree about your so called tech luminaries. Who are they and why are they so much better? Could it be the connections they have which allowed them to get into Stanford in the first place?


Being a "tech luminary" is a pretty high bar, no? Who would self-identify as this anyways?

I graduated from NC State in 2000 and I've had a really awesome, rewarding career filled with interesting problems and fun. As an engineering manager I've had many, many colleagues who have advanced degrees from fancy schools that I never could have gotten into (or afforded). I use stuff that I learned at NCSU in my job every day, and am extremely thankful to have gotten such a high quality education at such a bargain basement price (in-state tuition was very cheap, I used to put it on my credit card). I've never felt like my degree or lack of a fancy school has hindered me.

As a hiring manager, unless the person is coming directly out of school, I don't even look at their education. There's a great many people that I've hired where I had no idea if they had a degree at all, much less CS.


Remind us not to interview there lol


Why?...


I disagree (or agree? I don't know which honestly).

It very much depends on the degree. I don't see any Nuclear Engineering luminaries coming from Harvard, and no more coming from Stanford.

- An NC State Nuclear Engineering alumn


In fairness, I'm strictly referring to my degree (CS). NukeE is very highly ranked and second only to GTech.


I don't think it's drive, talent, or the quality of the education at the institution. I think it's the contacts.

At Stanford, you get a good technical education, but you also get contacts that will become important players in tech. At Harvard, you get contacts that will be important players in government, business, and media. At Random Public University, you get contacts who become players at the state level.


My experience is different (as an outsider to the whole elite school): many companies in the STEM fields will go to elite colleges to recruit. Graduates from state colleges have to apply themselves.

The order in my mind is:

1) STEM elite 2) Scholarship elite 3) STEM local 4) Any other program local 5) Trade 6) Any other program elite

This order does not apply to wealthy people. Those who come from wealth can apply to an elite college and get an elite education and work for their friends without stressing out about school debt.


I've seen a bunch of online job applications where you had to specify your University degree and there was a combo with 10 elite options then other. I'm pretty sure they're sending a message.


Came here to say this.


I think your own drive and achievement can be compounded by the prestige of the school you go to, but the latter is no longer a substitute for the former.


An anecdotal but first-hand data point: I was accepted at three top-tier schools (MIT, Stanford and Caltech) but decided to go to Virginia Tech because they offered me a full scholarship and my family did not have deep pockets. I ended up as a Principal at NASA, an early hire at Google, and selling a startup I co-founded to Richard Branson (among other things).

I will always wonder how things would have turned out if I'd gone to a top-tier school instead. No doubt it would have been different. But I cannot imagine how things could have turned out any better for me than they did.

Nowadays I care much more about an applicant's github repo than I do about their diploma.


I naively thought that "worth it" had something to do with the quality of education. I shouldn't be surprised, after peeking at the outline.com link, that the WSJ is evaluating strictly in terms of future income.

With an MIT founder, we hire a lot of MIT grads. After that, I didn't think it mattered much, but then I was involved in hiring a summer intern. HR gave me a couple hundred resumes, almost all from elite schools: MIT, Harvard, CMU, Brown, Yale, etc. I ended up picking someone from Yale, who was fantastic, but I can't help but thinking that the apparent school filter kept me from seeing a lot of great candidates.


These kinds of questions are an entirely subjective debate. What’s up with these pat on the back articles?


You didn't hear? Journalism is dead.


How many WSJ journalists come from elite college? How many of them are sending their children to elite colleges? I bet most to both categories.

Elite colleges aren't worth it if you want to live an average life. If you want to be a 9-5 corporate desk jockey, then going to an elite college probably doesn't matter.

If you want to excel - a prominent businessman, politician, journalist, scientist, etc, then going to an elite college is most definitely an asset.

I find it strange how the elites are telling the masses elite colleges isn't worth it. I bet they don't tell their own children that. But that's understanable. Why would they want more competition to power for their own children.


I have to ask how much of this comes down to "reputation" more than quality of education. I'm a dropout who largely thinks college is overrated, and even I will be impressed by "MIT" or "Harvard" on a resume.

I have given a lot of interviews at this point, and while I personally cannot speak for everyone (nor does my word override a statistic), but I haven't noticed a huge difference in the quality of applicants between a normal state college, and a brand-name college. Granted, I interview for the "9-5 corporate desk-jockey" jobs, so maybe I'm not getting the next Von Neumann applying.

That said, I have worked for New York University (which I believe is considered a pretty-good school, and is certainly expensive), and I got to see the whole cross section of professors from basically every brand of university. My conclusion? Largely inconclusive: it largely made no difference where the people went to school (though admittedly the dropouts (including me) were typically not as bright).


Couldn't read due to paywall, but how many YC companies are NOT founded by people from elite colleges? Isn't that really the point of going to an elite college? That someone will give you money to start a company as soon as you finish, no matter how wacky your idea? It almost seems like the old "no one got fired for buying IBM", but updated to "no one got fired for funding Stanford grads". Of course, the defense will be that elite schools are a good "signal" of competency, but at the same time VCs shrug their shoulders and say a 90% failure rate is unavoidable. What a signal indeed!


This is true. All of the YC founders I know of that went to my alma mater had cofounders that went to Stanford, Harvard etc.


YC looks a lot more in an application than where you went to school. I doubt getting into Stanford even gives you a 20% chance of being admitted to a YC class.


'Elite' has a special meaning; otherwise, USC, UCLA would become elite schools, just because some families bribed some coach to let in their kids.

If you are Asian, and if you go to UCLA, your chance of getting into McKinsey or BlackStone or Goldman Sachs is very slim. However, if you go to HYP, your chances of getting into elite careers are pretty high. I had seen some conversations on collegeboard, where high school students are aiming for such jobs.


This can cut both ways. I can’t tell you how many times I’ve done well in 1-2 rounds of software interviews, to then be told the company suspects my compensation requirements are outside their budget (even when we have not spoken about compensation at all at that point), and it’s almost surely down to the degree programs I went through.

If you sincerely get into elite programs by merit and demonstrated talent, and you do not come from a wealthy family, then elite institutions don’t help you much at all. I’ve never once had doors open because of my degrees, but certainly have had doors closed presumably because people form a pre-conceived opinion about me or believe the degree prices me out of the market.

I’ve experienced similar things when I’ve shared my Stack Overflow profile during interviews. I am very highly ranked in a number of relevant technology tags, but this has not once helped me in any way, yet it has seemed like a liability.

Meanwhile, I know plenty of great engineers from a variety of “non-elite” schools, and they have never expressed having this problem. They express just having a pretty normal success rate with job applications and being evaluated for their skill and experience, and never sensing that their degrees have any significant effect on anything.

Being a “success outlier” often just puts a target on your back. People will write you off as elitist, coming from a wealthy family, getting places in life through favoritism, and never stop to meet you and see what kind of person you are or question their assumptions.


In Los Angeles they're giving junior developers straight out of bootcamp $75k because they need programmers so badly they're willing to hire anyone who can turn on a computer. I'm told companies are even more desperate to hire programmers in the Bay Area and NYC.

Hell, even I'm getting coding job offers and I haven't programmed professionally in a decade.

Where are you (geographically) that having an elite degree in a heavily in-demand field is keeping you from getting offers?


You’ve been very badly misinformed about the prevalence of software jobs. In fact, companies generally apply extremely difficult filters before hiring engineers and go to great lengths to keep engineering headcount as low as they can. Nobody is handing out tons of jobs to people out of bootcamps with no previous formal training. The recruiter spam you are receiving for coding jobs that don’t apply to you is not evidence of much besides the widely known inefficiency of tech recruiters. They’ll spam out recruitment emails to just about anyone, but ultimately won’t actually present you for the roles.

In general in tech there is a huge, huge surplus of applicants (especially in my field of machine learning). My personal perspective after running a few teams inside bigger companies and dealing with corporate recruiting is that occasional hires from bootcamps and things exists mostly to suppress wages for other applicants. Companies are deeply resistant to paying market wages, and sometimes see that as a way around it.

The “scarcity” in tech hiring is a total fiction.


In fact, companies generally apply extremely difficult filters before hiring engineers and go to great lengths to keep engineering headcount as low as they can. Nobody is handing out tons of jobs to people out of bootcamps with no previous formal training.

I know both these statements to be categorically false because I know a number of recent bootcamp "graduates" in the LA that were offered jobs straight out of graduation. As in, pretty much all of them. Most of these guys wouldn't have cut it as junior programmers before the "scarcity crisis" but right now they're making $75k/year coding React apps.

The recruiter spam you are receiving for coding jobs that don’t apply to you is not evidence of much besides the widely known inefficiency of tech recruiters. They’ll spam out recruitment emails to just about anyone, but ultimately won’t actually present you for the roles.

The coding jobs do apply to me, in the sense that they're for roles I would have qualified for and possibly considered back when I was still coding. Moreover, they aren't "recruiter spam," they're contacts from when I used to program.

In general in tech there is a huge, huge surplus of applicants (especially in my field of machine learning).

Ah. This is the problem. We're both talking about different fields, so our experiences are going to be different. For developers, there's a scarcity crisis and a lot of companies (though not all) will hire almost anyone. For ML, it appears there's the opposite--possibly because ML was oversold to graduates as the next big thing.


For general developers, the surplus of candidates is even more extreme than machine learning. The growth of bootcamps is more about suppressing wages.

For example, $75k for a junior position, fresh out of a CS undergrad program, is a low salary for a major urban area like LA... like 30-50k too low. They can only do this because the market’s flooded.


The way I see it is the people that get into and go to elite universities are multiples smarter and more accomplished than I was at 18 - honestly, I think I'll defer to them about if something is worth it or not. I don't think they'll make the wrong decision.


One problem with this theory is that life continues past age 17/18. As far as I've been able to tell, the difference between a typical MIT admit and a typical UMass kid is about two years of hard work. By age 20, many gunners from bad schools have already surpassed the party crowd at elites.


Dunno if MIT has ever been called a party school but point still taken. And I think to continue along your line, that's what getting into a good grad school is all about. Do well at UMass and you can get into an elite grad school. Party at an elite and you probably won't.

Indeed that's what junior colleges are all about, a second chance. Look, rich people who can afford elite high schools, etc, are going to dominate elite admissions. But allowing hard working kids from the wrong side of tracks multiple chances helps even that playing field.

Case in point, a buddy of mine, wrong side of the tracks, arrest record, freaky smart, he started over in junior college, killed it, went to Cal, murdered it, went to Columbia, got bored with it and became a quant.


> Do well at UMass

But even UMass Amherst is a pretty elite school when it comes to CS (~T30). It's not MIT level but it's still pretty highly ranked.

I went to a school that's just on the cusp of being irrelevant in ranking (~T50) and even the smart kids from my school don't get into elite grad programs for the most part. Most of them just continue their CS PhDs at the same school even with 4.0 GPAs and good GREs.


Spending every free moment studying test prep only makes you smarter in one of many many dimensions. There's a reason companies like Google aren't looking exclusively at ivy league graduates anymore.


And yet, they're significantly overrepresented there because studying test prep aligns well with studying leetcode (or overall high g-factor)


Absolutely not.


Care to elaborate on this? It's not terribly useful input to just say "Absolutely not".


I'm not able to read this article because it requires that I am a subscriber. Does anyone have a method of reading it otherwise? Would this be considered a paywall?




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