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<p>I think you’re quite mistaken about this. Yes, Harvard has the prestige and the money to buy just about anyone it wants. But schools like Michigan, Wisconsin, UC Berkeley and UCLA compete successfully with schools like Northwestern and Brown and Columbia for faculty all the time. Average faculty salaries are a little higher at the privates, but the top publics will often match offers to retain their academic stars. And depending on the field, being on the UC Berkeley faculty is often perceived as being more prestigious than being on the faculty at Brown or Northwestern. To be honest, I’m having difficulty thinking of a single academic discipline in which people in the field would say Brown has a stronger faculty than UC Berkeley. </p>
<p>Every serious academic wants to be on a good faculty. Most will tell you it’s because being surrounded by the best in the field makes their own work that much better, but a lot of it, frankly, is prestige, and this is often more important to academics than money, or at least closely rivaling money in importance. For that reason, the top people in a given field will often move if they’re getting a bump up in money and a bump up in prestige; or sometimes if they’re getting a bump up in money and staying at the same level in prestige; or sometimes if they’re getting a bump up in prestige and staying even in money. But it’s much harder to get them to take a bump down in prestige, even for more money, unless it’s a ton of money or they have personal reasons to want to be in the new location. So I guarantee you that UC Berkeley isn’t losing many chemists to Brown or physicists to Northwestern, because in those fields UC Berkeley is perceived to be at the pinnacle, at a level of prestige a Brown or a Northwestern can only dream of.</p>
<p>And when it comes to money and institutional support for faculty research, the real research powerhouses are mostly top publics. Seven of the top 10 and 15 of the top 20 U.S. research universities in research spending are public universities. There’s not a single Ivy in the top 10; the only private universities to crack that group ate Johns Hopkins, Duke, and MIT. Michigan spends over $1 billion a year on research; that’s slightly more than Harvard and Yale combined, and about 6 times as much as Brown. Wisconsin is just a hair’s breadth behind Michigan. Granted, a lot of this is medical research, but even if you take out the medical research Michigan and Wisconsin still rank #5 and #4 in research spending, well ahead of any Ivy.</p>
<p>Endowment? According to NACUBO, the University of Texas is #3 (after Harvard and Yale but ahead of Princeton), Michigan is #7 (ahead of all but 3 Ivies), and Texas A&M is #10 (ahead of schools like Penn, Chicago, Duke, Cornell, and Johns Hopkins). Wisconsin’s endowment is smaller at #34.</p>