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Re:Break Up The Elite College Seats Cartel by jjeaff on Wednesday June 01, 2022 @10:53PM (#31590747)
I don't think there is any proof that the elite connections make any difference on average.

The Dale and Krueger study in fact found evidence that there was no statistical difference in lifetime income for ivy league grads vs less elite schools when controlling for factors like sat scores. In fact, they compared people who were accepted but did not go to an ivy league vs those who did go.

Other subsequent studies by others have seemed to bear that out as well.

So I don't even think that too much can be made of the connections one might make at elite universities.

Re:Break Up The Elite College Seats Cartel by derbOac on Wednesday June 01, 2022 @10:58PM (#31590782)
I don't know. Just as one example, I've seen here on HN ads for positions that explicitly mention (in not so many words) that they're only looking for grads from elite colleges. The UK just codified this into visa law.

Income is a fuzzy thing, and distinct from opportunities.

I'm always looking for empirical data to bear on a question, so the studies you're mentioning are important. But at the same time I'm sort of suspicious that something's missing from those studies based on prima facie examples I've encountered several times in my life.

Re:Break Up The Elite College Seats Cartel by mmarq on Thursday June 02, 2022 @03:09AM (#31592284)
> The UK just codified this into visa law.

It’s going to be very funny when they realise that nobody with a Harvard or a ETH Zurich degree is going to spend 3K£ for the privilege of moving to the UK, where they will earn a third of what they would be making home. Then the government will water it down as they did with salary requirements, finally they’ll blame the “talent” shortage on the EU and on millennials eating avocados.

Re:Break Up The Elite College Seats Cartel by dfadsadsf on Thursday June 02, 2022 @07:36AM (#31593654)
That’s just not true. London is huge talent magnet and salaries/TC at top tech companies are about 75-80% of Bay Area and comparable to Zurich. London is also fun place to live compared to cultural wasteland of bay area.

3k visa fee is frankly irrelevant when you consider full cost of moving.

Re:Break Up The Elite College Seats Cartel by 908B64B197 on Thursday June 02, 2022 @03:32PM (#31599505)
> London is huge talent magnet and salaries/TC at top tech companies are about 75-80% of Bay Area and comparable to Zurich

Citation needed. I've seen London attract Europeans but a lot more people are trying to jump from London to the Bay Area than the opposite.

> compared to cultural wasteland of bay area.

Ironically, there are two prominent Bay Area schools listed in the special interest list from the UK government. [0]

[0] https://www.gov.uk/government/publications/high-potential-in...

Re:Break Up The Elite College Seats Cartel by dfadsadsf on Monday June 06, 2022 @11:31AM (#31641758)
Big tech offices in London are chock full of Americans - especially at staff/sr manager and above level

Both Stanford and Berkley are isolated from areas they are located in and you have to be student to enjoy cultural life inside. You may visit art gallery/museum in Stanford (it's nice!) but that's pretty much it.

Re:Break Up The Elite College Seats Cartel by mmarq on Thursday June 02, 2022 @05:13PM (#31600579)
A good senior developer makes 70-90K in London (which is not even close to 80% of Bay Area), a place where a 2-bed flat cost 2K a month and nursery cost 1.5-2K. A junior dev making 50K in Berlin or Munich or Hamburg is much richer, let alone what’s going on in Zurich or Silicon Valley. Italians and Spaniards are better off going to Germany or the Netherlands.

Besides, London has a cultural life that’s not comparable to Paris, Rome or Berlin or even Hamburg (try to get a pint or a coffee at 2AM) and it’s hell if you are not wealthy (try to explain what a section 21 eviction is to a French or a German).

Re:Break Up The Elite College Seats Cartel by dfadsadsf on Monday June 06, 2022 @11:27AM (#31641708)
You have to compare apple to apple - eg Google/FB salary in Bay Area vs Google/FB salary in London. Skills of average engineer in Bay Area (due to magnet status of the area attracting best and brightest) is significantly above skills of average engineer in pretty much any other location and comp reflects it.

For Google/FB difference in comp by location is there but not as dramatic as difference in average salary for all engineers per location may suggest.

To enjoy social life in Paris, Rome, Berlin or Hamburg you need to speak local language (otherwise you just meet the same expats) which is not problem in London as everyone speaks English.

Re:Break Up The Elite College Seats Cartel by asdadsdad on Thursday June 02, 2022 @10:00AM (#31594981)
that's ok, but then you have 2 years of visa and have to find something else to stay.
Re:Break Up The Elite College Seats Cartel by jjeaff on Thursday June 02, 2022 @04:20AM (#31592635)
And yet the majority of jobs don't require that. Was their any indication that those jobs that do require an elite education actually pay better than those that don't?
Re:Break Up The Elite College Seats Cartel by inter_netuser on Wednesday June 01, 2022 @11:22PM (#31590946)
> The UK just codified this into visa law.

Really? Is there a list?

Re:Break Up The Elite College Seats Cartel by derbOac on Wednesday June 01, 2022 @11:25PM (#31590962)
Effectively, yes. The list isn't given directly, but is defined indirectly, explicitly in terms of other lists.

The university has to be in the top 50 of two or more of certain ranking lists (which are specified):

https://www.theguardian.com/education/2022/may/30/visa-schem...

Re:Break Up The Elite College Seats Cartel by mmarq on Thursday June 02, 2022 @03:09AM (#31592289)