Do Elite Colleges Lead to Higher Salaries? Only for Some Professions

Re:Do Elite Colleges Lead to Higher Salaries? Only for Some ... by patorjk on Monday February 01, 2016 @02:58PM (#11014894)

What are you basing that on though? The article looked at "7,300 college graduates 10 years after graduation" and found that:

> For STEM-related majors, average earnings don’t vary much among the college categories. For example, we find no statistically significant differences in average earnings for science majors between selective schools and either midtier or less-selective schools. Likewise, there’s no significant earnings difference between engineering graduates from selective and less-selective colleges, and only a marginally significant difference between selective and midtier colleges.

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Re:Do Elite Colleges Lead to Higher Salaries? Only for Some ... by is_it_worth_it_ on Monday February 01, 2016 @03:29PM (#11015134)

I know a good amount about the tech scene in nyc. It works like this, you can get paid a bunch by google or fb, maybe amazon. Sure if you make it in as a state school college grad you get paid. But developers in finance working on the actual trading models who make 300k+ almost exclusively went to top schools. Look at a front office development team at any quant fund.

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Re:Do Elite Colleges Lead to Higher Salaries? Only for Some ... by arcanus on Monday February 01, 2016 @03:34PM (#11015171)

The guys working at quant funds tend to have ph.d.s, in my experience. Some are certainly from state schools (UT Austin).

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Re:Do Elite Colleges Lead to Higher Salaries? Only for Some ... by beisner on Monday February 01, 2016 @07:19PM (#11016775)

Anecdotally, I am currently an undergraduate in a top 10 CS department and I have several friends who have $160k+ job offers straight out of undergrad at quant firms.

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Re:Do Elite Colleges Lead to Higher Salaries? Only for Some ... by chlee on Tuesday February 02, 2016 @01:56AM (#11017980)

UT Austin has a top 10 CS program.

It's just below MIT/CMU/Stanford/Berkley. Typically just as well regarded as UW/Cornell/Princeton/UIUC/Georgia Tech/Caltech.

Dijkstra used to be the department chair in the 80s and early 90s.

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Re:Do Elite Colleges Lead to Higher Salaries? Only for Some ... by is_it_worth_it_ on Monday February 01, 2016 @03:43PM (#11015241)

Right, but a phd is a different case than a bachelors. UT Austin is also a solid school.

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Re:Do Elite Colleges Lead to Higher Salaries? Only for Some ... by gozur88 on Monday February 01, 2016 @08:20PM (#11017089)

Yeah. What makes STEM different is it's a lot easier to see who the productive people are. For MBAs in middle management at MegaCorp that's probably not the case, particularly since the people who went to more prestigious schools get started on a fast-track to upper management.

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Re:Do Elite Colleges Lead to Higher Salaries? Only for Some ... by harryjo on Tuesday February 02, 2016 @02:05AM (#11018006)

That's because computer science (programming jobs) is getting lumped in with biology jobs that pay half as much and the same everywhere you come from.

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