<p>**Ibanks and consulting and most prestigious jobs only recruit out of certain schools. At Cal with an Econ major, you are guaranteed at least some interviews with top firms by doing just average. **</p>
<p>In the current economy, you’d have to be a lot better than average in order for it to be worth it. Top firms (e.g., ibanks) aren’t going to look at you unless you have a resume in the top 20% of the class, at least. The top 10% is probably more realistic. Remember that Berkeley graduates ~500 econ majors a year and 300+ Haas majors (career center). Also remember that you’re competing against every other school’s graduating class. Almost everyone is looking for the same jobs. If your grades and EC’s are weaker than 300+ of Econ/Haas, then you’re probably going to have trouble breaking the 50K barrier.</p>
<p>If you think that you will be in the top tier, then I’d say it’s definitely worth it, because the top firms do pay attention to Cal a lot more than to many other non-HYPS schools. However, if you think that you’d be anywhere in the 1-70% range, then it’d be wiser to go to a smaller, less competitive school, even if it’s not top tier. You’ll get more support, a rarer degree, and a better chance at being at the top. This all leads to better job prospects.</p>
<p>A big thing I’ve learned since graduating: outside of the super elite top companies, your school doesn’t matter much, from a hiring standpoint. It’ll give you a slight boost, sure, but if the other guy has a 4.0 from Chico and was a frat president, and you don’t have either? Well, they’re not gonna care about how much harder Berkeley was or how your SAT was 500 points higher that his (again, this only applies to non-top companies).</p>
<p>**It’s stupid to compare it to a state school based on cost alone. I’d choose to pay 50k at Cal than 0 at Alaska State(not sure if this even exists). There are simply greater returns in the long run compared to the cost now. **</p>
<p>If you knew for sure that you’d be at the top, I’d say sure. However, if you anticipated being dead in the middle average at Cal, then I think the other state school wins easily. Let’s say that the other school is Arizona State. Provided that you could fit into its culture, ASU would be a much better decision. I’d assume that the average Berkeley student could blow the pants off of the top ASU student, work and grades-wise, so you could easily be in the top 1%. You say, “It’s ASU, who cares?” but trust me, if you’re in the top 1% at any school, you will get rewarded. You also get a stronger social scene, more sex, and cheaper rent. Besides the herpes, why not?</p>