The Ultimate Decision

I agree with @GraceDad. So many schools are known for this or that particular thing. Even setting aside the possibility that junior will go in a different academic direction than the one you are outlining here (and for my 3 kids, I COUNT on that happening), the general perception of a school and the students there is what matters when focusing on the optics part of the equation.

I’ve been in business a while, and I’m a lawyer, a profession that is somewhat obsessed with academic pedigree.

SMU is not, in my estimation, in the same discussion with schools like Michigan, Virginia, Vandy, Notre Dame or Duke. I would not attend SMU over Cornell just because of that list. Most people I know or work with, I think, would score SMU as fine, but not spectacular, private school in Texas, and not comparable to the other schools you mentioned.

For us, in our situation, SMU would have to be free, and even then, to be honest, I’d push 'em to one of the others. That’s just me.

SMU, from what I know of it, is a good old boys networking school that works wonders in Texas. I’m just not sure it travels as much as you might think. In LA, Boston, Chicago, Seattle, San Francisco, New York … they’re not going to be swayed much with SMU. Virginia, yes. Michigan, yes. SMU, not so much.

@MiddleburyDad2 Below is a link to a modified undergrad business ranking that basically applies a similar viewpoint as to what you are suggesting. They equally weight the undergrad business rankings of #1. Business Week and that of #2. US News as well as the #3. Overall Ranking of the University. The result is a modified ranking of business undergrads that takes into account the reputation/prestige of the University as a whole.

It is not a perfect ranking, but I agree with the overall concept. For example, Indiana University which is a top 10 rated undergrad business program in both rankings, falls all the way to #20 because the University as a whole is fairly lowly rated. I do not I believe that there are 20 business schools better then IU but the overall reputation of the school should be a factor.

In addition, as you suggested, many times kids will change majors, making the overall reputation of the school all the more important.

http://poetsandquantsforundergrads.com/2014/07/01/2014-pq-ranking-of-the-best-undergraduate-business-programs/

@MiddleburyDad2 Can I guess you’re from the Northeast? Your opinion is in line with my experience living on both coasts LA/NYC, amongst those who tend to think America ends at the Mississippi.

Sadly, even very good state schools still deliver state school (lack of) intimacy at private school price. SMU classes are taught by actual professors in small classes – as one expects from a private. And Cox, by all measures, is a really good business program.

For a non-terminal degree, the goal is to A.Get a good job and then B. Perform in industry. C. Get accepted to a great grad school program. All of that, IMO, can be accomplished without dropping $100K more at Notre Dame, or an additional $110K at Virginia or U-M, which are my son’s options. He is waitlisted at both Duke and Vandy, so we can assume zero merit aid will come from them, so that would tally to more like $260K all in. Plus there’s the whole issue of even getting accepted into their biz programs, if they have one at all.

It would be nice if I had a spare $400,000+ to get him all the way from undergrad through grad school. But I have to be a bit more judicious than that. And don’t worry, I won’t allow him to be a lawyer, so he won’t have to contend with that academic pedigree obsession you mention. :slight_smile:

@ShouldBeWorking I agree that the whole discussion of academic pedigree is less important if your son is definitely going to grad school

@MiddleburyDad2 Sorry, couldn’t resist a lawyer joke.

I think it is much more prestigious to be a Boettcher scholar than go to SMU or (gasp) ND. I would love to have sent my kids to ND, but it was not to be. It is one of those schools, for me, that I’d have tried anything to afford (U of Virginia is another).

However, being a Boettcher scholar would have been a deal changer. CU all the way.

@ShouldBeWorking, sounds like you’ve got this one figured out.

I’m from Seattle. I know where Texas is, and I accept that it is part of the United States. :slight_smile:

And in Texas, I’d send my kid to Rice over SMU to study anything, even if SMU were thought by the rankings services to be better at it.

I don’t know what a terminal degree is.

I think that the goal of any degree, terminal or not, should be to get an education.

I think, along the lines of your point, that one can accomplish that objective at any number of places.

I generally think you go to the best school you can get into, all else being equal. In your case, all else is not equal.

Don’t worry about the lawyer joke; I’m used to them. :slight_smile:

Good luck to your son.

@MiddleburyDad2

From Seattle originally? In Seattle now? If you are, I’ll bet dollars to donuts you got your undergrad or JD or both on the east coast. Am I way off?

Agree that college should be about learning to learn. I take rankings with a large grain of salt and tend to feel they too many young people and their parents are unhealthily obsessed with them. Seems they can be made to say practically anything, within some bounds. I prefer to speak with teaching staff, deans, the students attending. Talk to families, visit. That’s where I get a lot of my perceptions.

“Terminal” as I use it is an undergraduate degree, without an intention to pursue graduate work. The termination of your higher education.

And while I generally agree one should simply go to the best school one can get into – of course, “best” is relatively subjective. What is “best” for one is not best for another. So hard to quantify. Hence the popularity of rankings.

Oh, to clarify, the F500 CEO ranking I referenced earlier had no influence on my perception of SMU. (I just discovered it today.) As another poster pointed out, the sample is just too small to extrapolate much from. But it is interesting that some very powerful, influential people have come through there.

@twoinanddone

You misread my post. S was a Boettcher finalist, but did NOT receive the Boettcher scholarship. CU awards all finalists with a token scholarship – not the full ride.

@ShouldBeWorking

I think the purpose of university is to prepare for your future occupation and also enjoy your four years of university. Your kid seems like a bright kid. The question to ask is if your children would enjoy four years of challenging materials and equally bright classmates or a more laid back environment. If your children doesn’t care either way, I would suggest that he go to the more difficult university. Because when he gets a job, he is no longer going to be a big fish in a small pond. He will want to get the highest salary that he can and his co-workers will also be bright. If he gets used to this environment where he is not the best, it will help him adjust to his job environment better.

Or, on the other hand, if he goes to a school where everyone is as bright as he is and then takes a job in an environment where intellectual talents vary, he could turn out to be an insufferable snob whom his colleagues can’t stand.

@ShouldBeWorking, moved to Seattle at 13, so basically, from, and yes, currently living and working in, Seattle. Undergrad Stanford, law school Penn. And, sure, I agree - best for one could be disaster for the other, even though I have a little ‘old school’ in me and think kids should have to adapt and ‘buck up’ a little when trying new things.

@Desiree2 , I agree with you in part and disagree in part. I agree that kids should enjoy college. I’m wary about too much focus on the “prepare you for your future occupation part.” We could devote an entire blog to that subject, and I know that economic reality plays a part in this for many/most families. But I tend to buy the classic view on this: education is a value in an of itself, and it’s not trade school. There is no practical purpose I can offer you for why the Philosophy class on “Rationality” my kid took this semester at Pomona is a very good use of time and educational resources. It will help make my kid a better and strong thinker, better able to think critically, etc. etc. Those are basic intellectual skills that can be applied all over the place. I also agree with your point about challenging oneself. People disagree … Malcolm Gladwell thinks it’s better to be a strong player in a weaker division that a mediocre player in the top division, and he has research to support his theory. Gladwell would tear me up in a debate on this subject. But I stubbornly cling to my beliefs, perhaps because of years of athletics - my personal athletic career and that of my children. In sports, you get better faster by playing with and against the best. It’s a hit to your ego sometimes, but it makes you better assuming you have the basic ability to even be on the field. If you are too far in over your head, then I agree - it switches to being counterproductive.

I went the elite liberal arts education route myself, but I think this line of thinking is rather condescending and a mite self-serving. A rigorous engineering or business education (and I do recognize the latter isn’t automatic) can offer plenty of intellectual challenge, not to mention room in the schedule to take a class or two in philosophy if one wants. And especially in engineering, where ABET accreditation in many ways levels the field, there’s no requirement to pay elite school prices to be intellectually challenged.

Elite liberal arts school grads like to dismiss engineers and nurses as going the “trade school” route. Plenty of engineers and business majors (and even some nurses) head for law school after they graduate too.

I am sometimes frustrated with the popular assumption that all smarts kids go the engineering route. In my son’s case, he is VERY smart but NOT an engineer.

He was never one to dissect his toys to see what makes them tick. He never wanted to help me rebuild a classic car – as if I could have anyway. He wasn’t into erector sets and tinker toys. He’s never been a “maker” nor has he ever expressed interest in building a robot or rocket. He would never sit in a dark room and code away the night.

He IS a “people and data” person. A gregarious, funny, normal, athletic, smart kid who has lots of friends, from nerds to jocks. A sports fan. (Fantasy Football and March Madness are big for him.) And he’s a math whiz – took Calc II as a junior and scored 36 on ACT Math the first time, then did it again. His dream career is the one that Nate Silver has. Starting to see why his target schools all have DI major sports programs?

Different strokes for different folks. He’d probably go nuts surrounded by the crunchiness of most all LACs as well as the Ivies. Does he need to be surrounded by 100% intellectuals to thrive? Probably just the opposite.

BTW, I found this an insightful, quick read for anyone who hasn’t already read it.

http://www.nytimes.com/2015/03/15/opinion/sunday/frank-bruni-how-to-survive-the-college-admissions-madness.html?_r=2

@ShouldBeWorking, my son never had any interest in those typical “engineering behaviors” either. He was always a math whiz, however, with a very strong bent towards the creative. MY dream career for him was to be the next Nate Silver, LOL. Alas, when it was time to look for colleges, he had no interest in sports OR economics. But he figured math was as good a major as anything. So we looked at elite LACs with strong math programs. The one thing he realized fairly early in the process was that he didn’t want to study anything that would necessitate graduate school. Given that he had no interest in economics or business, the only thing I could think of was engineering. So he applied to some LACs with engineering and a few stage flagships.

Due to a mixed admissions outcome, he passed on the LACs that had admitted him (too crunchy indeed!) and opted to give engineering a try on one of the flagships’ dime. Turns out he’s very well suited to it, and he’s a very happy mechanical engineering student today, presently in his second semester of a three-semester co-op.

Do I think he’ll spend the rest of his life as a mechanical engineer? I highly doubt it, but he’s already the beneficiary of a very fine private high school education, and the engineering education has been a nice challenge (and complement to his previous schooling) and has allowed him to mix with a lot of really smart students on a large and relatively diverse campus, with topnotch D1 sports (with all the perks that go with that).

Who knows what the future holds? Could be an M.S., an M.B.A., or a law degree. Or none of the above. I have no idea, but I’m pretty confident he’s going to do just fine.

@LucieTheLakie

I have no doubt your S, and most, will do just fine. It’s funny how much angst is conjured in these times, by both parents and children, when so much ultimately is out of our control. With a foundation and inspiration, almost everyone finds their respective path.

I, myself, was a wanderer. Went through FOUR majors (psychology, architecture, environmental design and journalism) before graduating. What is the ONLY career I’ve had? Advertising creative. I’ve worked on some of the biggest and most-famous brands at agencies in both NYC and LA, and now own a shop in Denver.

Now, review my majors, and see how my studies were practically a bespoke program for a career in writing, design and behavior influence as a Creative Director.

@LucieTheLakie, condescending and self-serving? How so?

Also, did I say somewhere that engineering or rigorous business study was easy or didn’t offer intellectual challenge?

And finally, your point about engineers and nurses … it almost makes my point about the purpose of undergraduate education when you think about it.

There are a lot of people out there and in these forums with specific ideas about their children’s jobs after school. I understand the economic pressures that give rise to those expectations and related anxiety. That doesn’t make it ideal though.

Nurses have to study biology and chemistry and math and all kinds of courses. Most of them are a 1/2 credit shy of a degree in bio or physiology.

My point is, the BA or the BS, ideally, shouldn’t be constructed with one’s first job in mind. There are a lot of well meaning and non-condescending people out there who share that view.

If one if my kids wanted a career in business or high finance, I’d encourage the study economics or marh. That’s what I see a lot of too. Our corporate treasurer, who is a brilliant finance mind, majored in applied mathematics at Duke and then MBA’d at Columbia.

I think you ascribed much to post that wasn’t there, perhaps because you’ve had this argument in the past with others. It seems that way.

Btw, I didn’t attend an elite LAC.

@ShouldBeWorking, our S is currently a freshman at another U but had strongly considered SMU last spring. (Narrowed list after acceptances = U of WI, GW, SMU, and his current school.) I agree, SMU’s UG business program is awesome. One thing I really liked about SMU is the fact that they have more internships available than they do students. Also, the TX networking, particularly in the DFW area, is impressive. On the down side, SMU has a very wealthy student body so there’s some pressure to “keep up with the Jones.” Also, the drug culture is very pervasive; however, it tends to be a bit more confined to the Greek community. I wish your son all the best with his difficult decision. Both ND and SMU are great schools.

@jc40 Yes, I am aware of the pervasive wealth and drugs.

Honestly, living in Colorado (now with legal marijuana) my son has had plenty of opportunity to participate in drinking and drugging. But has made good decisions, and chooses his friends well. But we do recognize that ND is likely a “safer” campus in that regard than most. Aside from BYU and a few others, I’ve yet to see a campus that scores above a “C” in this category.

I’m less concerned with the level of prevalent privilege. I’m confident he wouldn’t get TOO caught up in it.

We can only hope that the values he’s been taught at home will carry over into college, wherever he goes. This may be the first real big test in life’s lab, right?

@MiddleburyDad2, I didn’t say elite LAC; I said elite liberal arts. I didn’t attend a LAC either. I was a humanities major at Penn. And law school (my intended next step) wasn’t realistic financially because I’d already accumulated more debt than I’d originally planned for, due to the elimination of the NDSL by the Reagan administration my junior year.

I don’t know what you majored in as an undergrad, so perhaps I misunderstood what you meant, but in the context of this thread, where the OP is weighing whether ND is worth $100,000 (give or take) more than SMU for business, it sounded like you were suggesting that it’s a mistake to focus on preparation for a chosen career, aka going the “trade school” route (i.e., business, engineering, nursing, etc.). That the ideal is to receive a true liberal arts education and that too much focus on that first job is selling yourself short. But how is the undergrad hoping to go to law or medical school, with the goal of becoming a lawyer or doctor, any different than going into undergrad hoping to become an engineer or nurse? None of these goals precludes getting a well-rounded education (well, as well rounded as anyone can get in four years).

You mentioned earlier that you graduated from Stanford and Penn Law and could afford to send three kids to elite colleges, like Middlebury and Pomona. So of course you would want to promote that as an ideal and want to reinforce that those have been smart investments. We all try to justify our choices to ourselves and others.That’s all I meant by a “mite self-serving.” And, yes, condescending, because it implies that your kids are headed to graduate or professional schools after they complete their undergraduate educations, with no debt. As if we all can provide that for our kids. That would be a dream education in my world too, believe me. But not everybody wants that or can afford it.

Given your impressive education and acknowledged preference for elite schools (the more elite the better, I gather), you likely live a very rarefied and privileged life compared to most parents facing college costs and worried about whether or not their children will be gainfully employed sooner rather than later. Heck, I live a pretty privileged life too, compared to the vast majority of people out there. And having been a poor kid at Penn, I get it. In your world, it’s all about an elite imprimatur. But do recognize that lots of very well-educated people, and many extremely successful ones too, wouldn’t place the same value on these prestige brands as you do. For many of us, it’s about value. How much more is the better education or brand worth, given our financial situations.

You say you “understand the economic pressures” out there. I’ll take your word for it, but I’m not really getting that. And, sorry, your reference in another thread to the “nearest southern state U football factory” probably colored my interpretation of your comments too. My kid goes to one of those schools (best value for our buck and his choice in the end), and there are plenty of impressive kids there too. Some actually get into elite grad and professional schools, believe it or not. And it’s the debt they didn’t accrue as undergrads that enables them to be able to afford them.