Stanford University data glitch exposes truth about scholarships

Post by tankenmate » Sat, Dec 02, 2017, 10:03 PM UTC

jknz wrote: post #23

nostromo wrote: post #17

Earlier quoted context omitted.

Sure, but don’t lie about it. If it’s not need-based, don’t insist it’s need-based.

Ok, lies are unacceptable. To play devil's advocate here: the press and the public do not want to hear that tech companies pay 7 digits of monthly salary to attract some talent. Nor do they want to hear that Universities have to offer merit based scholarships to attract top students, otherwise these students will go elsewhere. Companies advertise their diversity efforts but not the salaries of their executives. Stanf…

Post by sabujp » Sat, Dec 02, 2017, 10:18 PM UTC

mcguire wrote: post #70

asimpletune wrote: post #60

Earlier quoted context omitted.

I don’t know if there are rules against that. I think it’s more an unspoken rule that may have consequences if violated, although I’m fairly certain that’s illegal. The impetus is more on us to be open with each other about salary. It’s only in the company’s best interest for us not to do so.

According to the article, " [Allcock’s report] says the school also tells applicants not to reveal to their classmates the size of their discount. " Unwritten or unspoken, it does need to go.

Post by gech » Sat, Dec 02, 2017, 10:20 PM UTC

sndean wrote: post #81

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...

Post by refurb » Sat, Dec 02, 2017, 10:37 PM UTC

trisimix wrote: post #122

Just another reason I hate Ivys

Post by hkmurakami » Sat, Dec 02, 2017, 10:48 PM UTC

at-fates-hands wrote: post #105

lotsofpulp wrote: post #92

Earlier quoted context omitted.

Some don't donate due to gratitude, some donate to increase the chances their children will get in, and/or otherwise obtain social signals or networking benefits that can be used to further oneself.

From what I know it's the latter. We had a large percentage of my graduating high school class end up at ivy league schools. It was interesting to talk to them a decade after they had graduated and were in full swing with their professional career's and life. One buddy I know who went to Princeton and ended up on Wall St told me they hound him for donations. His fraternity does the same with the emphasis on exactly w…