In a story yesterday, CNBC.com asked a question I’ve been posing on my blog for the past year and a half: Are Ivy League diplomas still worth the price of admission?
Newsflash #1: You can get the same education elsewhere. But according to the article, when it comes to getting a job, your smartypants brand name can’t be beat.
“When an employment recruiter looks at an Ivy League degree, they will usually look at it more carefully,” says Elena Bajic, founder and CEO of Ivy Exec, an online executive job search site. “An Ivy League education makes a candidate stand out, even before a recruiter talks to them.”
Woopsies! Guess the experts aren’t quite familiar with this blog or any of these guys. And instead of interviewing any actual Ivy League graduates who would put a dent in their theory, CNBC.com (via USA Today) continues to cite outdated reasons the high-profile name alone is so successful.
“Senior execs like to hire within their circle. And companies like Goldman Sachs, Credit Suisse, McKinsey, BCG, Bain and others continue to put a preference on Ivy League grads because they see them as intelligent and driven,” Bajic says.
Ooooo, I see. The Ivy League cred works if you want to go into finance or consulting. Why didn’t you say that in the first place, silly? That’s nothing we humanity majors don’t already know (and are reminded of every time our cheap Ikea sheets help us cry ourselves to sleep).
Newsflash #2: It’s all about the networking, you guys. Because only smart, overprivileged Ivy League grads help each other out!
“From an undergraduate perspective, the primary advantage of Harvard or Yale is the connections that college creates between the students and their peers,” Eberman explains. “Those connections can be quite valuable over time when it comes to jobs and salaries.”
And apparently, the over
$160K $200K debt pays off because your salary starts off higher than those losers with other degrees.
Depending on a graduate’s degree, the lowest median starting salary for an elite eight ranges from $49,400 for Brown to $59,600 for the University of Pennsylvania.
According to one study, that’s about 32% higher than a graduate at a non-Ivy League, liberal-arts school.
Hm, except for those of us who graduated in a recession. Frowny face! But obviously, the best part of our gold-dusted Ivy League diplomas is going to school with douchebags like this:
“We’re constantly told that we have been selected because we are better and special,” says Stanley, who will graduate with a double major. “This gets instilled in our brains from the moment we enter Yale.”