You can also subscribe without commenting. As one commenter noted, these elite schools attract the big companies to campus. There are a lot of intelligent folks on this planet, far far more intelligent than a Harvard graduate. I was freaking out by not having an offer 6 months before graduation. What where did you go to school? Went back to finish high school a couple years later, then worked in a factory for a year–the most boring thing I have ever done. Or if someone thinks it’s too risky to dismiss college altogether, then go part-time or take night classes. As for Punahou, I guess your comment “Punahou is the school I’d love for my son to attend if we move back to Hawaii” made me think that your obsession with Punahou isn’t any different than any tiger parent’s dream of their kid going to Harvard. Sure, getting into top schools requires plenty of academic chops but admissions also considers a number of other factors. “But being in a big pond (top tier school)can be a double-edged sword. I’m around average intelligence too (for an Asian :p) but my biggest weakness is just a case of lazy and fear. The joy I observe from my fellow teachers is next level compared to the joy and excitement I witness from my finance, consulting, law, and techie friends. Keep this important point in mind as when you present your resume to a potential employer listing Harvard University as your alma mater will be easily understood by employers who have actual Harvard University graduates there. The company is working to rebuild trust and not only reaching out to customers to make it right, but advising customers to come in and speak with us for any reason. Especially for a Bachelor’s degree you can’t beat the ROI of a state school. You said that Boston is relatively cheap compared to other major international cities and that since more Harvard alums end up there, it should be more of an economic powerhouse when compared to those cities. No biggie. Thoughts: With his mom as a judge and his father as the CEO of a company, this person grew up with an extraordinary amount of privilege. Thanks Ryan. Yes, top 10%. He is 4 generation went to college from both side. What if your kid goes to Punahou and ends up a nobody? The most important is for the individual to make an impact in a field that he is interested on, regardless of social pressures and demands. Ellen, congrats on getting your kid into Yale and the elite level of USA success. Maybe they can expand their purpose. So helping people doesn’t burn you out? These are the Peter Thiels of farming. My husband and I have saved for years for our kids education, very very important to us as we both have secondary degrees and my husband has his own business. I learned so much! I’d suggest that it would be far greater than that of other cities. Good luck to all the students graduating with a hugely unfair (in my opinion) weight of debt! I’m going to record the next call with the racist admissions officers and student employees at the University of Texas and send it to him. I found this article by chance on a google search. 北京發展的真的很誇張.我很幸運地在2008當北京奧運的志願者,看到很多幕後花絮. Can you even stomach working for under market rate, 80 hrs with a startup you don’t even really believe in or love passionately. Your wife and kids will divorce u lol. Even before I FIREd, I never felt pressure to be a somebody. This site uses Akismet to reduce spam. All of my alum friends more or less got the job (or at least type of job) they went for, so I’m alone on this one for now.]. “The most fulfilling work directly helps someone in need.” I love this. So at the time I didn’t know how to communicate the challenges I had growing up and their effect on my life. The Boston median home price is about $560,000, or 60% cheaper than San Francisco’s median home price and 70% cheaper than Manhattan’s home median price. I never went to private school. There are at least 100 other international cities that are much more expensive than Boston. I don’t think I have the mental and emotional aptitude, lol. Goldman made all employees, regardless of their seniority, actively participate in the interview process in order to maintain our tight culture. I was afraid of my own shadow. For example, I’m not a doctor but make more money than many doctors by a big margin. Being somebody after all that time and education is something I think about a lot, which is why I am undecided on whether to go to private school route. It has almost nothing to do with where I went to school. Through all my experiences as well as what I’ve heard/read from others, including from studies – I’ve come to a lot of realizations. Very interesting post and follow up here. I knew that if I graduated college and only got a minimum wage job, I could still pay my parents back. Then the megacorps, as you note, get their interns from the same schools, perpetuating the disparity. If we’re just talking private college, that’s still about $200,000 – $250,000. I kind of feel the same way, because everything can be learned for free nowadays online and four years of college is a lot of time to spend. Sorry things have been hard for you. Our company is clearly run by R&D, marketing, and sales. I really enjoy it. They are not educators; they’re tyrants, and big bullies! Sam: quit worrying about school and investment banking and who did what and the ‘right’ path. Most of us are not curing cancer or coming up with a vaccine for COVID-19. Everyone will reach a certain point where they will no longer feel motivated or have that passion to work for their employer. That said, I’m proud of being a William & Mary alum! I guess you can say I’ve experienced the gamut of education, having done both public and private. In every instance I have seen, people will say, “I went to Michigan State and then HLS” or “UPenn and then HBS.”. Thank You, Sam! He was always very bright, even in nursery school. Money is not everything. Wow! 人民大學出了名的就是很多可能能進北大或清華的人,因為不敢冒險所以選了人大.結果後悔一輩子,甚至一輩子走不出這個陰影. He is super smart and could have gone on to do something amazing- but he likes his job and his life so who am I to argue. This means that while you do get to carry the Harvard brand, the coursework is not as rigorous as the University. What are your goals? One reason is that the Extension School is designed for more non-traditional students. In my mind, a career is a marathon. I’m just saying that I’m not one of those parents who’s going to force my kid to go to college, which is what most parents do. I am one of those elite college graduates you mentioned, having gone to Duke. I was lucky I had some great teachers. He’s only known success in his life, and anybody who accuses him of anything bad will feel his fury! Perhaps he disillusioned out. You know, people like the 43rd POTUS George W. Bush, the “inventor” of the internet Al Gore, Chairman of the Fed Ben Bernanke, Microsoft founder Bill Gates, Academy Award winner actress Natalie Portman, former First Lady Michelle Obama, the 35th POTUS John F Kennedy, unabomber Ted Kacznski and NBA basketball player Jeremy Lin. There’s a definite geographic bias towards the East Coast and it looks like consulting companies are the main employers. If going to an Ivy is like that, then I would absolutely support my future kids going. Especially when I’m around MBA types. I originally thought my doctorate would take me further along the more “defined” path in education – building level administration to district level administration with maybe some adjunct college teaching along the way. It was a very formative experience. I like her profile the most, probably because she always has a cheery disposition, kind of like your Facebook friend’s curated pictures. You’re right about Wells Fargo not just being your employer, but your family after spending a long enough time there. soon- got in to their study abroad program 2nd semester of their freshman year- they are sending her to London to study, only 300 freshmen were chosen to do this program. 2.) I identify as American and appreciate Taiwanese, Japanese, and Chinese culture. My hopes for my kids? To begin with, a Harvard Extension Degree is not the equivalent of a Harvard College degree. Who cares. Although it’s nice to donate money once you’ve made enough money, the people who are most inspiring are the teachers, professors, social workers, and non-profit advocates of the world. This Harvard graduate is doing a bang up job as the anchor of Bloomberg West. I am a great one for getting lost because all I usually see are individual trees around me rather than the forest as a whole, but it’s helpful to step back and look at the big picture. It is a privilege and it opens up a lot of doors for me. Personal Finance, Savings, all these articles, mean a lot different to parents than a non-parent. It’s true, if you go to an elite institution, you’re always going to compare yourself to your peers. Like at all colleges, Harvard and other elite colleges have many graduates who aspired to become physicians as freshman, only to be weeded out by the premed process. Can you afford all this? And so on. Garrett by trade is a personal finance freelance writer and journalist. But what if you graduate from Harvard University and still end up a nobody? The cost is about $23,000 a year, which is 60% cheaper than private schools in SF and NYC. Instead I’m sticking around to help solve problems, as I’m passionate about the industry and about helping people (both through my blog and yes, through my employer). Is your calling to provide senior management reasons why they should fire 25% of their work force to optimize profits? Alan Dershowitz was born in New York City, New York, USA on Thursday, September 1, 1938 (Silent Generation). Next do you want family work balance, or none? All I'm curious about is if Harvard is amazing and is worth all the struggle and stress of HS. – Alumni network (Apathy Ends mentioned this in a previous post) I would have to agree with the old saying “its not where you go, its what you do when you are there that matters.” My high school is one of those boys prep schools in the DC area. Thoughts: Punahou is the school I’d love for my son to attend if we move back to Hawaii. Harping on something where are you are absolutely wrong is stupid, especially given your background. In 2020, his company continues to do well and he’s raised even more money. If given the choice between Harvard undergrad and Harvard grad, it seems obvious Harvard grad is the better option because jobs after grad school pay better (on average, across fields) and undergrad is generally viewed as a first filter of ability and conformism. Acceptance to the school is not achieved by simply having great grades and submitting an application. – Finally accepted finance was not a personal fit, and asset management is a shrinking industry. There are many that live off yearly contracts and barely make more than the minimum wage. Some of us are very underemployed, and our employment history doesn’t reflect our talents, skills, knowledge, character, and education. This post is really making me second-guess some things… I have an 18-year-old that got excepted and is going to Boston University. I worked much harder at that college than at any time period previous to getting accepted. I wish more people did this because there’s so much inefficiency with larger corporations. I’m encouraging parents and students not to sweat going to an elite school, especially if they can’t comfortably afford to attend. Thanks for the blog, I really enjoy reading it. The advertising technology space is very hard because the margins are so thin and Google and Facebook are the oligopoly players. Private universities are prohibitively expensive if your child doesn’t get any grants or scholarships. Would you be happy if they followed your steps? project/program manager, key accounts something or other, business dev, etc. What you lose is the ability to choose all options. You gotta feel good about your public school degree! I got straight A’s and was valedictorian of my high school class of 300 kids. I kind of feel I have had some of my retirement earlier in life, doing exactly what I wanted to do, which is good. Don’t let other people tell you that you need to do this and that first in order to get there. No idea on long-term trajectory. College didn’t go so well for him because while he was naturally/book smart, he was not ready for the independence and necessary discipline of college. Profound thanks are due to Kate Konschnik for her detailed proposals to update the 2006 version of this guide. I went to a very expensive, private university here in the states that currently has about 12K students (combined grad and undergrad). Putting the smile on a child’s face: priceless. ‘we give 2 shits where you went to school’. Thoughts: I’m absolutely blown away by his resume. What if you want to do something that doesn’t have a large impact or make a lot of money? If that’s what my son wants, that’s fine. It continues to be an extremely unjust society, even in SF. In my mind, from the FI perspective, I’m glad I didn’t go into $ of debt for my graduate degree. I just went through this dance with my daughter. If I’m going to go back to work full-time during my child’s first four years of life (before pre-school), the job better be damn amazing with flexible hours and a purposeful mission of helping others. If we keep saving at the rate we’ve been saving and our oldest wants to go to Harvard, we will have saved too much in the 529s. One thing that needs to be included in this analysis is the intangibles that come with any advanced degree. Your post is referring to Harvard University as a whole, but I am (perhaps one of the few) who thinks it should be mentioned that George W. Bush went to Yale and Michelle Obama went to Princeton. All I know is that I love him so much and I want the best for him, which is why I’m constantly thinking about this topic. I did go through it. I don’t have the weight of expectations on me that an Ivy League may have offered. It’s all the data you had, but Linkedin profiles can be deceiving. I went to an elite college (Remin University) in Beijing, and was completely disgusted by the competition and lack of passions. I work in financial services as a VP in Investor Relations. Seattle & Portland), have resulted in Boston being the second or third choice for many. More food for thought: is going to Harvard undergrad better than going to Harvard for graduate school? I’m always looking for feedback on myself and my writing. Although this post makes me day dream the day I could send my child off to Philips Academy in Andover too…man…the history and alum at that school is ridiculous. Law School. Even if you get an excellent education. ... Michelle Obama went to Harvard Law School, which is the same university but technically a different school than Harvard (College). I pick on Harvard because it’s the most well known university in the world and also costs about $63,025 annually in tuition, room, and board if you receive no aid. As that job winds down (3 years to go after 30+ years behind me), what shall I do for a second career? There’s something to be said for hiring well-rounded individuals instead of robots. So a complete fail / nobody as I did not monetise opps. the big help to society (see: inspiration blind woman in your article) but forgoing the easy wealth. College is also on my mind a lot with my two young boys. This is a stretch, I know, but I met my wife in college and we have two wonderful girls. Being a “liberal artist” working in financial services (middle / back office functions) from a large public state university, I felt pressured to have to prove myself to business and management majors when I joined the industry 10 years ago. That being said, I want to use that privilege to help people. I would love to sit down and talk a while with many of the commenters here–fascinating stories and views. Compared to someone who works mainly for money and prestige, you will never feel burnt out and will never burn out as long as you are making a difference in someone else’s life. There are no guarantees in life. I went to a school that is listed among the Top 25 Public Universities but I was a C+ student, not because I was an average student but because I spent a lot of time outside of the classroom involved in a multitude of clubs and student government, including VP of the Student Body my senior year. But I only keep in touch with a few people there, and none of them have helped me in my career. Back when I entered college, I shied away from the Filipino group because I already know about my own culture and had a ton of Filipino friends. The farmers who bring organic squash to high end restaurants are not typical. Yes, people can learn things online for free – and learning will also come with life experience, travel, etc. I have a feeling it has everything to do with expectations. You’re putting it in terms of career outcome, as in what did these people accomplish considering where they went to school. I could see myself being the latter, but the people offering these good-for-society roles want the former group of people, not guys like me who ‘ended up in service’ despite ‘having every advantage’ (white, male, straight, good schooling) on paper. It’s a good role to be in before you start your own company. However, I really think graduate school is more important than undergrad. If I taken a Kaplan SAT class, or received some private tutoring specifically around the test. ALL service employees are treated like second class citizens. I’m not sure what my educational or geographic background provide in terms of context to the discussion, but feel free to let me know how it helps support or refute this data. It’s important not to be misled by rumors and perceived reputations before investing money in your education. Eventually, something will open up. We have to get out of our bubbles. On the Social Science end you can choose from Economics, Psychology, and Government. He also earned his BA from William & Mary and his MBA from UC Berkeley. It doesn’t look like her company will ever get acquired, which stinks b/c for six years, I’m sure she and her co-founders weren’t paying themselves a market rate salary. Unfortunately, a parent’s worry never ends. My professors knew my name and actually expressed concern if I missed two classes in a row. But doing the right thing and helping others is its own reward. Please. I’ve been using them since 2012 to analyze my investments and I’ve seen my net worth sky rocket since. How Neil Patrick Harris Achieved a Net Worth of $50 Million, How Al Roker Achieved a Net Worth of $70 Million, How Nina Dobrev Achieved a Net Worth of $11 Million, How Nikki Glaser Achieved a Net Worth of $2 Million. 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