The Elite Eleven

Parents Forum
1

<p>These are the top 11 colleges based on income:</p>

<p>1 Harvard
2 Yale
3 Stanford
4 Cal Tech
5 MIT
6 Princeton
7 Brown
8 Columbia
9 Amherst
10 Dartmouth
11 Wellesley</p>

<p>Comments?</p>

2

<p>What’s your source for this list?</p>

3

<p><a href=“http://www.nber.org/papers/w10803.pdf?new_window=1[/url]”>http://www.nber.org/papers/w10803.pdf?new_window=1&lt;/a&gt;&lt;/p&gt;

<p>Research was done by two Harvard students and one Boston U student. It’s legit.</p>

4

<p>could you post full list</p>

5

<p>1 Harvard
2 Yale
3 Stanford
4 Cal Tech
5 MIT
6 Princeton
7 Brown
8 Columbia
9 Amherst
10 Dartmouth
11 Wellesley
11 U Penn
12 Notre Dame
13 Swarthmore
14 Cornell
15 Georgetown
16 Rice
17 Williams
18 Duke
19 U Virginia
20 Northwestern
21 Pomona
22 Berkeley
23 Georgia Tech
24 Middlebury
25 Wesleyan
26 UChicago
27 Johns Hopkins</p>

6

<p>How’s your reading comprehension? I ask because the authors of this article categorize institutions based on student preferences, not on graduates’ income levels.</p>

7

<p>oh sorry. i got a 720 on CR though.</p>

8

<p>Income for graduates? I’m confused, or income of the applicants and their families?</p>

9

<p>Just personal preference based on what I could glance from the abstract…</p>

10

<p>I personally like this link: [Where</a> the Fortune 50 CEOs Went to College - TIME](<a href=“http://www.time.com/time/nation/article/0,8599,1227055,00.html]Where”>http://www.time.com/time/nation/article/0,8599,1227055,00.html) The State U’s are looking pretty good!</p>

11

<p>^That list should be required reading for every college applicant.</p>

12

<p>GreedIsGood:</p>

<p>What are your thoughts on it? If the idea is that attending one of these will in turn cause the attendee to become wealthier than if they attended elsewhere you have to consider cause and effect and the nature of selectivity in the equation. Even if the institution provided just an average education but was successfully super-selective in its admits, i.e. skimming the most intelligent and accomplished HS grads, then those individuals who would likely become wealthier later in life anyway regardless of the college attended due to their own intelligence and drive and will skew the analysis of the results - i.e. it may not be the institution that’s driving the wealth factor as much as it is the select students driving the statistics regardless of the institution.</p>

13

<p>I like lists similar to the one the OP linked; those lists encourage many people to attend those places. This creates more space (and cheaper tuition!) at my lowly ranked school. We certainly do not want the Chinese system where public schools are seen as more prestigious than private schools.</p>

14

<p>Based upon the abstract, this paper attempts to rank schools not based on income of any kind but based upon the desirability of the schools as exemplified by the decisions of accepted students. Using all the head to head comparisons, they have a model for ranking which schools are more desired by students. It’s a little hard to tell without reading the paper, but it seems like they recognize that some colleges game their two metrics (selectivity and yield as well as others like class size) and thus USNWR rankings are flawed. The ranking the authors developed can’t be gamed by the school as easily because it only comes from accepted students’ decisions about which school to attend. [The ranking can be gamed a bit, because it would push a school not to accept a student who isn’t likely to attend.]</p>

15

<p>I never liked that Time article, because it fails to bring up the point that equal representation doesn’t necessarily mean equal proportional representation.</p>

16

<p>This is an article that has been rehashed many times on these threads.
In terms of INCOME for folks with terminal undergraduate degrees, this study has been rehashed only slightly less often…</p>

<p>[do-elite-colleges-produce-the-best-paid-graduates.html:</a> Personal Finance News from Yahoo! Finance](<a href=“http://finance.yahoo.com/college-education/article/107374/do-elite-colleges-produce-the-best-paid-graduates.html?mod=edu-collegeprep]do-elite-colleges-produce-the-best-paid-graduates.html:”>http://finance.yahoo.com/college-education/article/107374/do-elite-colleges-produce-the-best-paid-graduates.html?mod=edu-collegeprep)</p>

17

<p>danas, unless I’m missing something, the article he cited has nothing to do with incomes but about using the data from students who chose School A over Schools B through D to create an index of which schools are most desired by students.</p>

18

<p>different strokes for different folks.</p>

19

<p>

</p>

<p>Haha! As Danas mentioned, “A REVEALED PREFERENCE RANKING OF U.S. COLLEGES AND UNIVERSITIES” has been debated many times on College Confidential. </p>

<p>As far as the legitimacy of the authors, Avery is part of the team of Avery, Fairbanks, and Zeckhauser that is responsible for The Early Admission Game. Prof. Hoxby is obviously the academic superstar who left Harvard for Stanford in a much publicized move.</p>

20

<p>how do you get a copy of this paper. after the abstract this is the message I got</p>

<p>*You may purchase this paper on-line in .pdf format from SSRN.com ($5) for electronic delivery.</p>

<p>Information about Free Papers</p>

<p>You should expect a free download if you are a subscriber, a corporate associate of the NBER, a journalist, an employee of the U.S. federal government with a “.GOV” domain name, or a resident of nearly any developing country or transition economy.</p>

<p>If you usually get free papers at work/university but do not at home, you can either connect to your work VPN or proxy (if any) or elect to have a link to the paper emailed to your work email address below. The email address must be connected to a subscribing college, university, or other subscribing institution. Gmail and other free email addresses will not have access.*</p>

<p>You can get a free paper of if you are a resident of nearly any developing country or transition economy. but as a tax payer I have to pay $5</p>