Paris said:
readytobuy said:
i have been battling this question myself for quite some time, i think it comes down to the whole package versus just the API scores. IF your child is going to succeed it can succeed anywhere..whether its cal state fullerton or UC berkeley. But nowadays people do prefer name brands vs non branded schools on the resume.
My husband works for corporate America, a big known company. All his Execs up the chain of command went to "no name schools", just 4 year undergrad degrees and their bonuses alone are $1mil +++ not to mention all their stock options. At the end of the day unless you want to go into Academia with research and publications being your forte, name brand" schools are a very small factor. It's all about WHO you know and your social skills in fostering relationships and networking that will lead you to success. This is why the rich get richer - they connect and collaborate.
Even for physicians I work along side colleagues that went to Harvard and Stanford for med school and at the end of the day we're doing the same thing and bringing home the same paycheck. I just probably have much less school debt than they do with those Ivies and their huge price tags.
So my point is at the end of the day any school around here is pretty good but most parents fail to nurture their children's social skills, communication skills which to me will be a huge part of their future success. Along my career path I've encountered lots of interviews and if I lacked those interview skills I definitely would not be where I am today.
High schools don't matter as much, since they don't have the name-recognition of colleges. But the college you go to does matter. The degree to which it matters depends on what type of career you're seeking.
In the business world things are very much about connections and who you know, so for those executives it doesn't matter as much where they went to school. Even so, I would imagine Harvard Business School has a much better employment rate on graduation than say a third-tier school, and you'd have a higher chance of getting to pick where you want to work.
If you are in an apprenticeship-type career, like medicine, then it does make a difference if you went to a good college/medical school or not. I would be thrilled if my son went to, let's say, Harvard medical school, not necessarily for the "paycheck" he would get at the end of it but because the experience of working with and learning from the best would be a once-in-a-lifetime thing that he can always take with him for the rest of his life. It would also give him more options upon graduation...he may not know at the outset whether he wants to go into academia or not. What if he wants to go into consulting or medical journalism? What if he wants to go into private practice and his patients want to know what his educational background is? (Are all physicians really "doing the same thing"? You wouldn't care, then, which surgeon you saw for your hip replacement, since they're all doing the same thing?)
Sure, connections are important. But what if you don't have the connections? Then it helps to get into a good college.
Folks who go to Ivy League schools don't necessarily pay more than those who go to public ones. There are such things as merit and financial scholarships.