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It Depends What You Study, Not Where

economist.com

11–20 of 111 posts

Re: It Depends What You Study, Not Where

#11

It says "return on degree", so is the income measured relatively to what they spent on the degree? If so, it obviously depends still very much on where you study, as top schools cost much more.

That's my reading, too. If top schools have a great return on investment, then the total returns must be significantly higher because of the size of the investment.

Re: It Depends What You Study, Not Where

#12

As if future income is the only "return on investment" in an education... smh

Future income is the primary reason people pursue higher education. We tell people from the time they hit middle school that they need to be preparing for college so they can get a good (i.e. high paying) job.

Re: It Depends What You Study, Not Where

#14

For most people I agree. However, as someone who has graduated from a top school (U. of Michigan), I can't tell you how many times my credentials have got me both interviews and jobs. Where you go to school CAN make a big difference, but it depends on the school, the person, and the field of study.

Agreed. You can easily see this in SV startups who simply won't consider anyone outside their choosen list of universities.

Re: It Depends What You Study, Not Where

#15

For most people I agree. However, as someone who has graduated from a top school (U. of Michigan), I can't tell you how many times my credentials have got me both interviews and jobs. Where you go to school CAN make a big difference, but it depends on the school, the person, and the field of study.

[deleted]

Re: It Depends What You Study, Not Where

#17

For most people I agree. However, as someone who has graduated from a top school (U. of Michigan), I can't tell you how many times my credentials have got me both interviews and jobs. Where you go to school CAN make a big difference, but it depends on the school, the person, and the field of study.

I went to University of Illinois for math (grad school), and I haven't really seen that effect, although it probably didn't hurt. I've mostly gotten interviews because of my open source credentials & impressive accomplishments for early in my career.

I'm of the opinion that while school calibur might be able to get you interviews and jobs a lot of times, it's selecting for mediocrity since it doesn't go for professional accomplishments...and thus avoids hiring high performers, who generally want to work with other high performers.

Re: It Depends What You Study, Not Where

#18
The big thing for me with top schools is the "baseline quality of the degree". I didn't go to a top school, but spent my time studying everything math and CS related I could, and managed to get an awesome education. At the same time, I am fully cognizant of the fact that peers who were less driven likely were more easily able to skate by, for the most part. So when a resume comes across my desk from a guy from my alma mater, I don't exactly know how to evaluate it -- there's no "well this guy went to CMU or MIT, so I can assume a modicum of strengths". I wouldn't turn down a candidate for an interview because of their school (or lack thereof), but coming from top schools generally frames you in a different way, in my book. If anything, I tend to gauge the difficulty up slightly more quickly in my questions.

Re: It Depends What You Study, Not Where

#19
post #12

As if future income is the only "return on investment" in an education... smh

Future income is the primary reason people pursue higher education. We tell people from the time they hit middle school that they need to be preparing for college so they can get a good (i.e. high paying) job.

I heard this from my peers in undergrad all the time and it befuddled me. I thought "so ... you have no curiosity about the world? about how stuff works?."

I'm not claiming that I had hifalutin ideals; I knew that money was important, but I had this (perhaps naive) idea that if I became an excellent practitioner in whatever I did the money would follow.

I just wasn't prepared to hear "I'm just here to get a good job" from most of my peers. Some, I would expect, but not most.

Re: It Depends What You Study, Not Where

#20
post #13

Line of best fit is wrong and a terrible approximation here. If they used a curve fit they'd have seen the line curves up as Admission rate decreases.

Granted, "just use a curve fit" hits a different statistical problem. (overfitting)

True, but it gives a sense of trend granularity which a line doesn't come close to, and is vital here to reject the Economists conclusion.
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