<p>The Ivy League was founded based on athletics, not academics. To say that Cornell is equivalent to the rest of its Ivy League peers is sort of random, because the “Ivy” title doesn’t just automatically mean good quality of education. It means prestige and a strong network, and Cornell definitely has those, but in terms of quality of education, I don’t think Cornell is at the level of Chicago, Penn, Duke, Northwestern, Berkeley, Carnegie Mellon etc. If you look at the recent 2013 Graduate Rankings - Cornell is ranked 10th for Engineering (a field it’s supposed to be “very good” for), while Berkeley is 3rd, Carnegie Mellon is 7th, and Michigan 8th. For Business, almost every school is above Cornell - starting from Penn, Northwestern, Chicago, Berkeley, Dartmouth, Duke, Michigan - to NYU and UCLA. For Economics too, Chicago, Berkeley, Northwestern, Penn, NYU, Michigan are all ranked higher. For Law as well, we see the same trend - Chicago, NYU, Berkeley, Penn, Michigan, Duke, Northwestern all ranked higher. </p>
<p>Yes, you might argue that rankings don’t “mean” much - but the trend here is difficult to ignore. For all of the programs that Cornell is best known for, it’s beat out by all these other schools. Cornell is DEFINITELY not in the same league as any of them right now. It was termed as part of the Ivy League based on athletics and location, and to believe that it is “rightfully” a part of the League is technically incorrect, because you have to earn that title. Cornell is a huge university, with some schools that are even publicly funded, and the quality of its education, be it undergraduate or postgraduate, is arguably not of a quality as high as some of the others listed above. That is not to say that Cornell is not a great school in its own right, because it is - and it is a well-recognized and reputable school, but not quite in the same league as some of its so-called “peers.” Prestige is a subjective term, however, and Cornell definitely has prestige.</p>