I'm guessing a lot of people didn't read the article: this is about GSB, Stanford's Business school. As pointed out in the article, https://poetsandquants.com/2017/11/30/stanford-gsb-misled-st... is the original source and should be preferred for the HN submission.
Stanford University data glitch exposes truth about scholarships
141–150 of 187 posts
Re: Stanford University data glitch exposes truth about scholarships
#142Earlier quoted context omitted.
I was thinking about this myself. In addition to the PR benefit when soliciting alumni donations ("This money is helping needy students") I think there could be a more immediate business reason: I bet a lot of finance types (or otherwise wealthier applicants) don't apply for financial aid (and don't feel bad about not receiving an offer) because there's this myth about it being need based. Now it seems like everyone…
The idea has always been that admission and aid are separate decisions (for US citizen), and that applying for financial aid would therefore never have negative consequences (beyond the time to fill out the application).
Yes, but before people believed Standford's lies that aid was needs based, so if they had money from a job or something, they would expect to get nothing and not bother applying. I was in a similar situation, my parents both worked, and was offered nothing in terms of financial aid. Now that we know aid is not needs based, and in fact a lot of aid goes to people with the most finance experience, it makes sense to apply even if you have money already.
Re: Stanford University data glitch exposes truth about scholarships
#143It 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.
> At least they are teaching their students the ethics they need to succeed in the financial industry.
The US Financial sector probably employs 5 million people in this country. You are telling all those people are unethical as your comment implies? That is a bit biased.
Re: Stanford University data glitch exposes truth about scholarships
#144Earlier quoted context omitted.
As a fellow Princeton grad, I think his children will indeed have a better chance than most of getting in due to their legacy status, resource rich upbringing, and those donations.
As a fellow Princeton grad and one-time admissions officer, I concur 100%.
well that's a whole other level of authority :)
Re: Stanford University data glitch exposes truth about scholarships
#145Earlier 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.
What are some examples of those? I can think of only one: UCLA is a popular transfer school for folks with 2 years of CC.
UT Austin
Re: Stanford University data glitch exposes truth about scholarships
#146Earlier quoted context omitted.
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!)
>Companies can have both a diversity policy and a policy to make sure the top talents don't go elsewhere. Those should be one policy, the diversity policy is about making sure top talent doesn't go elsewhere . . . your comment implies that people from "diverse" backgrounds are not top talent, whether that's what you meant or not.
One of the chief points in this article was that "diversity" is often an excuse to hire/admit people who will bring in a lot of money, connections, and prestige but aren't necessarily the most meritorious candidate.
Malia Obama is Diverse. John Dorsey from the wrong side of Chicago is just an Urban Youth.
Re: Stanford University data glitch exposes truth about scholarships
#147Without the actual data, or even the report that was generated based on it, there is not much that can be concluded. It seems that this leak was specific to the Business school so it's a stretch to generalize to the whole University.
Given the categories, I'd sooner attribute this to unconscious bias rather than a secret plot to bias towards female and/or international students though.
Re: Stanford University data glitch exposes truth about scholarships
#148Re: Stanford University data glitch exposes truth about scholarships
#149Earlier quoted context omitted.
>> 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...
And they got that work experience originally due to internships... which they only got due to elite networking or pedigree
Have your read the book Pedigree? It's about how people get these type of jobs written by a Kellog Professor. A lot of gatekeeping. Our society is not merit based.
link to book: http://amzn.to/2AqPTfw
Re: Stanford University data glitch exposes truth about scholarships
#150Earlier quoted context omitted.
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!)
>Companies can have both a diversity policy and a policy to make sure the top talents don't go elsewhere. Those should be one policy, the diversity policy is about making sure top talent doesn't go elsewhere . . . your comment implies that people from "diverse" backgrounds are not top talent, whether that's what you meant or not.
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