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Stanford University data glitch exposes truth about scholarships

sfchronicle.com

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Re: Stanford University data glitch exposes truth about scholarships

#81

Post by sndean »

biohax2015 wrote: post #72

> Last year, 12 percent of Stanford MBA graduates were hired by private equity firms, with a median starting salary of $177,500, the article said. Venture capital companies hired 7 percent of them, and paid a median salary $167,500 to the beginners. Wow.. I chose the wrong career track.

>> median salary $167,500 to the beginners

It's not all that high, since calling them beginners isn't exactly true [0]. It looks like a decent-sized chunk of the students have years of work experience in finance/consulting/tech and some already have advanced degrees. They weren't going to be paid poorly to begin with.

[0] https://www.gsb.stanford.edu/programs/mba/admission/evaluati...

Re: Stanford University data glitch exposes truth about scholarships

#82

Post by kelukelugames »

matt4077 wrote: post #75
kelukelugames wrote: post #49

Earlier quoted context omitted.

Sure, I think we are saying the same thing? It's easier to lie about diversity and inclusion now that it has become popular. Maybe even mandatory because many people want to attend a school or work at a company that values diversity. I remember during orientation they showed a Pride video. I thought it was unrelated but my co-workers teared up. Previously, companies wouldn't have bothered or knew how to.

I have no idea what you're trying to say, and name-dropping Ellen Pao doesn't help. It seems like you're faulting society's wish to increase diversity for lies about diversity. And, sure, that's true in the sense that being ask about the issue is necessary for an untruthful answer–but that's just a meaningless truism. Large changes take time, and there are always setbacks on the way. The environmental movement create…

Thanks for telling me the comment is unclear. I'm working on writing better. It's a complaint against liars and hypocrites. That's what I'm trying to say.

Name dropping Ellen Pao never helps on HN or reddit. People here really don't like her, whereas she's a hero in other spheres. Nevertheless, I don't agree with everything she did but she offers insight people miss.

Re: Stanford University data glitch exposes truth about scholarships

#83

Post by toephu2 »

biohax2015 wrote: post #72

> Last year, 12 percent of Stanford MBA graduates were hired by private equity firms, with a median starting salary of $177,500, the article said. Venture capital companies hired 7 percent of them, and paid a median salary $167,500 to the beginners. Wow.. I chose the wrong career track.

you forgot how much a Stanford MBA puts you in debt..

Re: Stanford University data glitch exposes truth about scholarships

#84

Post by toephu2 »

matt4077 wrote: post #78
Spooky23 wrote: post #33

Earlier quoted context omitted.

Find a community college with a 2-2 combo program with a school with a good name. Buy your daughter a nice car. She’ll get a better education, have a car at graduation and you will save a lot of money.

Or get her into Stanford, where she'll get a $170,000 starting salary after four years, and can buy a rather pretty new car every quarter.

Stanford undergrads do not make 170k base salary after graduation. Please read the article, it was talking about MBAs, specifically "12 percent of Stanford MBA graduates were hired by private equity firms, with a median starting salary of $177,500, the article said".

Re: Stanford University data glitch exposes truth about scholarships

#85

Post by kelukelugames »

Spooky23 wrote: post #22
saas_co_de wrote: post #9

It is somewhat amusing that they give scholarships to people with financial industry background, who are the least in need, and who will receive the highest salaries on exit - and then claim that their scholarships are need based. At least they are teaching their students the ethics they need to succeed in the financial industry.

Well, Stanford has a need for future rich donors. Perhaps that’s the need being met?

I'm sure people have done studies. Who donates more money? The poor kids who struggled through life and attended Stanfurd that finallyed opened the doors for him to become rich? Or the blue blood with the silver spoon who would have made it through daddy's connections regardless of which school he went to?

I feel the former has stronger gratitude for his school.

Re: Stanford University data glitch exposes truth about scholarships

#87

Post by [deleted] »

Spooky23 wrote: post #33
analog31 wrote: post #10

My daughter is applying for colleges. When a college says that they only offer need-based aid, what it means is that we can't afford it. Yet I've encouraged her to apply to a few of those colleges anyway, based on the assumption that they don't only offer need based aid.

Find a community college with a 2-2 combo program with a school with a good name. Buy your daughter a nice car. She’ll get a better education, have a car at graduation and you will save a lot of money.

[deleted]

Re: Stanford University data glitch exposes truth about scholarships

#88

Post by adjkant »

wenc wrote: post #48
analog31 wrote: post #10

My daughter is applying for colleges. When a college says that they only offer need-based aid, what it means is that we can't afford it. Yet I've encouraged her to apply to a few of those colleges anyway, based on the assumption that they don't only offer need based aid.

Instead of need-based aid, try need-blind colleges. https://en.wikipedia.org/wiki/Need-blind_admission

Need-blind policies only stop universities from not admitting you based on need but does not stop their need-based "formula" from being corrupt, as seen here.

Re: Stanford University data glitch exposes truth about scholarships

#89

Post by notyourday »

jknz wrote: post #13
saas_co_de wrote: post #9

It is somewhat amusing that they give scholarships to people with financial industry background, who are the least in need, and who will receive the highest salaries on exit - and then claim that their scholarships are need based. At least they are teaching their students the ethics they need to succeed in the financial industry.

Companies can have both a diversity policy and a policy to make sure the top talents don't go elsewhere. University too, can have a diversity policy as well as a merit policy. To compete and attract the best students, University must either provide merit based scholarship, or organize with other universities to get rid of merit based scholarships everywhere (cartel!)

If that's the case, why are we surprised that execs are lying? Or shall I say "creatively refining terms"? They start by going to schools that lie, teach how to lie and get away with it.

In some ideal world alums of that school would immediately turn around and tell the school "You will not get a penny until you terminate everyone who participated in approving and carrying out this program for lying and do so publicly" but instead what we are going to get is more pieces about "how the school needs to get better".

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