Say it with me: Correlation ≠ Causality
Correct. However there are people who will say there is no correlation between degree and salary. This proves otherwise.
Who says that?
Quantifying The Value Of A College Degree (By Major)
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Re: Quantifying The Value Of A College Degree (By Major)
#62"No college will actually do this because transparency goes directly against their interests"
This is simply false. Plenty of universities publish employment surveys with salaries by major. For an example, see the University of Pennsylvania's Career Services Web site. The fact that the author makes this statement lightly says a lot about how careful he is.
Re: Quantifying The Value Of A College Degree (By Major)
#63Earlier quoted context omitted.
The data, at least for California universities, couldn't show you further from the truth. Enrollments are at all time highs (especially in California): http://www.csuohio.edu/news/releases/2010/09/14840.html http://www.today.colostate.edu/story.aspx?id=4432 http://www20.csueastbay.edu/news/2010/08/fall2010-enrollment... Furthermore, you mention an economic turnaround, so you seem to be under the impression that a bad…
I know about that trend. It obviously happens because people think college degrees are valuable, so if they're jobless but can get a degree, why not? I did that myself in 2000 when I graduated with my Comp Sci bachelors degree, looked around, decided the bubble was going to pop anytime now, and said, well, might as well go for the masters. (It did in my first semester.) If word continues to get around that college de…
Ok fair enough, but it just as accurate as predicting the stock market then. Granted, now that we know we are in a prediction scenario, I'd be happy to take you up on a gentleman's bet that this won't happen in the next year or two.
Re: Quantifying The Value Of A College Degree (By Major)
#64Earlier quoted context omitted.
Correct. However there are people who will say there is no correlation between degree and salary. This proves otherwise.
Who says that?
Who says that?
The original post has some quotes that say that, e.g.: "A degree in English is just as valuable as a degree in Biology — it teaches you critical thinking!"
Re: Quantifying The Value Of A College Degree (By Major)
#65Earlier quoted context omitted.
I hate to use an HN thread for this kind of thing, but you don't have your email address in your profile or on your blog. Would you mind shooting me an email? I'm collecting people who write well about colleges they attended. (Nefarious purposes, obviously.)
are you also collecting people who think otherwise?
I'm collecting people who write well about colleges they attended.
Heh, I interpreted this as stevejohnson is looking for people who "write about the colleges they attend" and who "write well" (presumably the writing they do about the colleges they attend is the writing that is well written).
Re: Quantifying The Value Of A College Degree (By Major)
#66Earlier quoted context omitted.
This is fascinating and I want to respond on two levels - technical/SEO and moral/emotional. I consulted for the main competitor to these guys until a few months ago so I can speak only generally but I know the subject with some authority. 1. Anyone reading this post is not the target market for this. The real target market are the suckers that they can convince to take out $40,000 in unforgivable government student…
I've watched that particular Frontline special before, and I must say, as a current college undergrad, it is eyeopening. Although, I must applaud the University of Phoenix investor, Michael K. Clifford. He is at least doing some form of philanthropy with all the money he's is making from for profit universities. I wish I had a mentor of some sort as a teenager, who would have convinced me to attend a public instituti…
> I could have received a better education from my local public library.
And printed a diploma, too.
Re: Quantifying The Value Of A College Degree (By Major)
#67Things that I actually heard from fellow students when I went to college over a decade ago: "The most important thing is to get a degree, I don't worry about what major I'm going to choose." "I want to make the big money so I'm going to major in business and start out as the boss rather than the engineer." (I also heard something similar substituting communications for business.) "They may not make as much as others,…
To be fair, majoring in Marketing looks like it will easily net you six figures if you're in the top 25% (which most people here probably are)
Re: Quantifying The Value Of A College Degree (By Major)
#68A very interesting use of data. But there's something strange. 1) Looking a Psychology (my major) the "life time value" comes out exactly same ($794,...) whether I choose "doctorate" "bachelor" or "associate" degree. And... the results page does not indicate for which degree its data apply. 2) What does change depending on the degree for which I request data... is the other fields presented for comparison. 3) Request…
It seems like the "magic search" feature has plenty of glitches, but the data is there; for instance, Marketing didn't appear at first, but after clicking to the full list and then going back, it appeared just fine.
Re: Quantifying The Value Of A College Degree (By Major)
#69Earlier quoted context omitted.
I hate to use an HN thread for this kind of thing, but you don't have your email address in your profile or on your blog. Would you mind shooting me an email? I'm collecting people who write well about colleges they attended. (Nefarious purposes, obviously.)
are you also collecting people who think otherwise?
Yes.
Re: Quantifying The Value Of A College Degree (By Major)
#70Earlier quoted context omitted.
This is fascinating and I want to respond on two levels - technical/SEO and moral/emotional. I consulted for the main competitor to these guys until a few months ago so I can speak only generally but I know the subject with some authority. 1. Anyone reading this post is not the target market for this. The real target market are the suckers that they can convince to take out $40,000 in unforgivable government student…
With regards to the SEO bits: total agreement. With regards to the indictment of for-profit education: I half agree. The government giving buckets of free money gets lower class, lower income people who are unprepared for higher education into non-selective institutions, including for-profit institutions. That isn't a bug, it is a feature . They have sucky graduation rates -- in some cases, extremely sucky graduation…
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