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I would be proud of them if they're doing well for themselves, regardless of whether they attended a good university or not. It's their path, my job was to steer them in the direction they want to go.
^^^I completely agree with this! My kids are college grads and one went to a so-called prestigious university but if they had wanted to go to a trade school or had a passion they wanted to pursue, that would have been fine with me also. I've seen and heard too many college graduates who can barely put together a cohesive thought or a sentence that's grammatically correct. Unfortunately that also includes some from top tier schools. I'm not impressed.
Let's say that your daughter is getting a Ph.D. in electrical engineering from MIT. Or she's attending Wharton, the University of Pennsylvania's business school. Or your child goes to Oxford, Cambridge or Stanford. Or anywhere that gets the reaction, "wow, that's a great school!"
How do you feel, as a parent? Do you internalize it, and give yourself credit for raising a child who accomplished that?
Thanks.
PhD from MIT doesn't mean anything. Most prestigious schools have average grad. school programs.
PhD from MIT doesn't mean anything. Most prestigious schools have average grad. school programs.
What?
Take Harvard for example. While I'd argue that Harvard undergrad degrees are grossly overrated and rarely worth actually paying for..........an overwhelming majority of Harvard's graduate and professional programs rate from excellent to world class.
A number of years ago The National Research Council ranked Ph.D programs across a large number of areas. I haven't seem the lists in a long time........anyway while big state U's Texas, Cal, Washington, Michigan, Wisconsin etc. were big players so were Harvard, Yale (Yale was ranked near the top across virtually every humanities area), Stanford, Vandy, Cal Tech and so on and yes MIT.
I'd say your thesis is faulty.
ETA - FWIIW I believe The NRC/National Academy of Sciences will re-issues it's rankings in 2025.
ETA II - I found part of NRC rankings here are a couple of examples.....
Pharmacology -
1. Yale
2. UTSW (Dallas)
3. Cal San Diego
4. Johns Hopkins
5. Duke
6. Vandy
7. Harvard
8. UNC
9. Washington
10. Penn
There's tons of corporate executive jobs at small and mid-sized companies that pull in good salaries. Not to mention regional executive positions for larger companies.
I look at the people I grew up with and a ton of them are corporate executives here, there, and everywhere.
If they want to pursue that on their own I'm fine with that. But I wouldn't want them to necessarily pick that path.
Most people I know with a business degree say not to get a business degree.
If you're not going to be an engineer it would probably be wise not to go to school for that.
Business Administration degree here...it is useful/well rounded although a bit general...will get you in the door for Sales and Management Jobs and so forth.
However, I do agree that a more specific specialized major in Business can be better...Accounting or Finance are more technical and always seem to be in demand.
Why would you really want your kid to make money or ascend the corporate ladder? There's very few jobs at the top and most won't get there. It's a success pyramid with the vast majority in the lower ranks. So most who want that are destined to fail and be resentful of those who succeed. And no matter how high you climb there's always those higher than you. It's a dead end for 99%. Only a handful of people get there.
Many senior vice presidents at a Fortune 500 company make over $300,000 a year. There are tons of senior vice presidents at every Fortune 500 company. Becoming a group vice presidents is slightly harder and earn a good deal more. It's after group vice presidents that the number of executive jobs is limited.
This was debated on High school son says most interested subject is "history". I'm concerned. (colleges, degree)
If my daughter wanted to go to a top-tier university and she was accepted, sure I would be proud. I am sure whatever college or university she ends up going to I will be proud for her and brag about it--as long as it's a place she's happy with too. But if she was accepted and is going for reasons other than her own, personal desire to go there (for example if she's going to impress others or something), then I would ask her to reconsider. Life is too short to live it for others. And since the focus of some of this thread is about how much money one can make after attending such a school, I also tell her while it's important to make enough money to cover your needs and most of the things you want because being poor can lead to unhappiness, there is a tipping point where more money doesn't mean more happiness.
Many senior vice presidents at a Fortune 500 company make over $300,000 a year. There are tons of senior vice presidents at every Fortune 500 company. Becoming a group vice presidents is slightly harder and earn a good deal more. It's after group vice presidents that the number of executive jobs is limited.
This was debated on High school son says most interested subject is "history". I'm concerned. (colleges, degree)
You don't need $300K a year to be happy. In fact plenty of people making $300K a year are not happy. Someone else stated you need about $80K a year to be comfortable and I agree with that. You may not get it to start, but you can work your way up to $80K a year with any major. Outside of marrying who I loved and having kids and pets I love, doing a job I loved was life's greatest pleasure. I never earned more than $93K a year by the time I retired.
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