As a newcomer to the University of Chicago community (in the form of a parent), we attended an accepted student event this weekend. The venue was spectacular, and it was also connected to the University’s founding history.
The luncheon was held at the Stone Barns Center for Food and Agriculture, a nonprofit educational center founded by David Rockefeller as a tribute to his late wife, Peggy. Mrs. Rockefeller raised Simmenthal cattle and was a passionate advocate of farmland preservation. The center, on 80 acres dominated by Norman-style stone barns built in the 1930s by John D. Rockefeller Jr., and a working four-season farm and educational center just 30 miles north of New York City, offers workshops and includes the restaurant Blue Hill at Stone Barns, whose chef, Dan Barber, is a proponent of the farm-to-table movement. The Rockefeller family’s imprint is everywhere: In the thousands of acres of nearby pastures, woodlands and lakes that John D. Rockefeller Sr. began acquiring as he created his family’s estate in the 1890s.
There were approximately 200 guests, and the execution of the luncheon was sublime. It was among the highest end and graciously executed events I have ever attended. The tables were broken into parties of approximately 12, and there were two families, two incoming students, and two recent graduates at our table. The two students at our table are employed by the leading investment bank and management consulting firm in the industry.
John Liew, a University of Chicago Trustee, was the event’s host. John is a founder of the global hedge fund AQR, a behemoth with $175 billion under management.
Jim Nondorf, Vice President for Enrollment and Student Advancement & Dean of College Admissions and Financial Aid, was the lead speaker.
Having seen my share of great business leaders through the years, I can predict that this fellow Nondorf is on his way to superstardom in academia. I have near zero first-hand knowledge about historic and decades old admission, yield, or graduate outcomes at Chicago. However, what Nondorf and the Maroons are accomplishing in recent history is incredible.
While specific numbers were not released, it is clear Stanford and Harvard’s admission and yield rates are under serious assault by Nondorf & Chicago. Assuming the Cardinals and Crimson leadership (as well as Bulldog and Tiger) have similarly serious and competitive professionals running their joints, the peer schools should take notice—Nondorf and his trustees have their eyes on being number 1 in admission rates, yield, and USNWR.
However, more than admission and yield rates, the topic of graduation outcomes really dominated the event. The Metcalf internship program, and its impact on outcomes, is a hot topic at Chicago.
With the backdrop of a liberal arts college (think Core), in the midst of world renowned research university, outcomes got plenty of attention.
In 2015, 93% of graduates had post-graduation plans (jobs or graduate school acceptance) in place before leaving the campus nest. The Top 20 graduate destinations included the likes of Goldman Sachs, Google, Boston Consulting Group, and Columbia & Stanford Universities. Top hedge funds & private equity firms were over also represented in the outcomes study, and non-for profits like Teach for America even made the top 20.
As for graduate school route, there was a stunning 88% medical school acceptance rate vs. a 41% national average. Admission to the top 6 law schools snagged a record 66 graduates from the 2015 class, and overall, 85% of law applicants were accepted into the top 14 law schools.
The 2015 industry destinations of graduates were 30% business/financial, 18% went into consulting, 13% government/nonprofit, 11% STEM, 9% education, 8% journalism/arts/media, 4% healthcare, 4% other, and 3% law.
The 2015 geographic destinations of graduates were 46% Midwest, 29% Northeast, 11% West, 11% International and 3% South.
For “fun” there was also a recent graduate in the group that is a founding team member (first 20 employees) of Snapchat. As a “gift” the admitted students were able to gain some sort of “two hour exclusive” to Snapchat. As a non-user, I don’t know what this means, but the kids thought it was super cool. I was more impressed with Snapchat’s recently announced $20 billion valuation which would put this young professional in the category of one of the wealthiest people in the USA. Amazing, and no doubt the development folks are quite happy.
All and all, this event was at once impressive, and a bit overwhelming. While fun to talk about Chicago’s standing in 1900, 1950, and 2000, what is clear is that today–in 2017–Chicago is very comfortable in its skin about being a leading global university and welcoming the chance to make their case.
It would be fascinating to see a well-researched outcomes study that begins in 2015 and compares Chicago to its HYPS peers. My sense is this would be quite a battle, and completely different than an outcomes study from say back in 1995. Sounds like a project for an energetic young person!
The well-rounded nature of the admitted students gave me a sense that the decades old “fun goes to die” legacy is over, dead and buried. It is almost impossible to detect how that legacy got started when you see the class of 2021. These kids were laughing and having a good time, and I can see why the outcomes study of the 2015 was so impressive as interviews must be easy for these well-rounded kids.
I have now heard the case why University of Chicago is the hottest University in the USA. As a parent, while exhilarating, it is also a little scary. We hope our child can contribute adequately, grow, and give as much as he takes from this intellectual environment.
We are most blessed with this opportunity.