ap663 wrote:
johnnyx9 wrote:
I've never really thought of undergraduate schools as being similar to business schools in terms of diminishing prestige and opportunities as you move down from the top.
If you could assign some sort of value to attending a given school for instance, let's say the value of attending an ultra-elite business school is X. Then maybe the value of an elite b-school is .6X, and then maybe the next cluster down it's .4X, and then the next couple of clusters are probably also about .4x. Whereas with undergrad I would think it would be a much smoother decrease, like top 10 schools the value is X, schools 11-20 the value is .9X, schools 21-50 the value is .8X, schools 51-70 the value is .7X and so on.
I suppose one reason is that the opportunity cost is so low for undergrads, and the difference in jobs available to someone from a top undergrad and a low-ranked undergrad is not as disparate as comparative opportunities for a top b-school and a low-ranked b-school.
So I guess this is why the article suprises me, do parents really care that much about getting their kids into Harvard? I would think even super-snobby over-bearing parents would be psyched if their kids got into any of the top 30 or so schools.
I disagree. Opportunities for students at top undergrads and lower-ranked ones are in fact quite disparate. Top tier I-banks only recruit at about 20-30 schools, top MCs recruit at even less, etc. I graduated from a US News top 10 undergrad b-school at a top 50 university and had much greater recruiting opportunities in a bad year than kids I know at 3rd tiers now in a good year.
I disagree with you disagreeing.
Yes i-banking and some other industries are not available to people outside of top undergrad schools. But those are such a small percentage of the jobs that undergrads go on to fill. B-school students funnel into a much narrower set of industries.
So for the .05% of undergrads who want to go into i-banking, then it is probably important to go to a top school. But for the 20% or whatever the number is, of b-school studetns who want to go into i-banking, the choice of school is very important. And for the majority of the balance of b-school students, school name will be very important because many jobs studetns take coming out of b-school care about brand.
But for undergrads, where students go on to be teachers, musicians, engineers, chemists, writers, accountants, travel agents, policewomen, real estate agents, event planners, etc....they will all do very well for themselves going to a school like the University of Kentucky or Florida State or wherever. They can even have a decent shot at getting into a top business school if down the road they want to change paths.
I just don't see undergrad as being that important in the grand scheme of things such that parents should be freaking out if their kid doesn't get into a top 10 school.