Who cares about the Ivy League?
noahpinion.substack.com
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I wonder if the same can generally be said for employers and gov (it's just easier to screen from a pool that has be whittled down to a more manageable size already).
Unfair? Probably. Rational? I think so.
And generally speaking, lack of pedigree is much less of an issue once you're in and once you have prestigious employers on your resume, where you went to college becomes a lot less important to prospective employers.
I find "went to an Ivy" a really good predictor for "above average performer", but I find it a weak predictor for "top rate performer", at least without a bunch of extra information. I also think the number top performing people who did not go to an elite college handily outweighs the number who did - but this is the nature of elite unless the selection criteria are very rigorous and targeted at something measurable.
Your comment about people in institutions that highly value this is on target, I think.
As a hiring strategy it works ok, but you are leaving out far more talented people that you can possibly include. It's a small pool after all.
GP's point I thought was more that if you end up without such credentials at a place that values them highly, you'll have a hard time even if you are more talented than many of your peers. This seems true in my limited experience.
I do think you have a point somewhere that if your bar isn't too high and you know what you are getting, picking from the same small pool (doesn't have to be Ivy, maybe you mostly hire Stanford or whatever) is a safe strategy, in that it reduces your variance. You are giving up something for that safety, but that's life.
From an employer's perspective, I think an elite college-only hiring strategy can work fine if the employer itself is prestigious or there's a clear unique value proposition there. For others, they're going to incur a negative selection penalty that may outweigh the signalling value that pedigree provides.
It's a Bayesian problem all the way through and you can probably quantify the value of the signal provided. However, and most importantly, it's just a signal. I personally prefer hiring interns, completely irregardless of school, and developing and hiring them, any time. At that point, there isn't signal, it's just measured performance that is de-risked.
Now, people that use it as credentialing are morons. I mean that bluntly and literally. Randomly picking on CFOs: "I want a CFO with a Harvard degree" is stupid thing to say, on its face. The person saying something like that has literally inverted the real point, which should be, "I want an excellent CFO, and a Harvard degree is a signal of some properties correlated with that outcome". Once you invert that, it's just another data point in a meritocratic decision, and a relatively minor one.
Sorry to post/write so much on this. Startups are the ultimate meritocracy in some ways, and having something posted here that's populist and almost anti-intellectual bothers me. Ycombinator has no problem pulling from Stanford. And Stanford, MIT, and Duke (and many others) are as elitist as any Ivy on any day that ends in y. That's leaving out the really class conscious "small liberal arts" colleges out there, and ignores the differences between ivy league schools in this regard, which is large.
"It's a Bayesian problem"
This we agree on. But we have to factor in adverse selection. If you're a prestigious employer, adverse selection is going to be small to non existent. The Harvard grads joining Dropbox are going to be all excellent. If you're a tier-2 employer with no particular unique value proposition, a Harvard grad that is willing to join you isn't the same thing as a randomly selected Harvard grad (unless there's a compelling reason why they would want to join), let alone the same thing as a Harvard grad entering Dropbox. There are selection effects working against you as an employer.
I've seen this personally, working at a little known company in a traditional industry without much to offer, we hired a Princeton grad who we eventually found out was fired from a few places and turned out to be worse than useless. We got adversely selected. They only wanted to join us (instead of a "better" company) because they were the bottom 10 percent of their cohort (not necessarily in terms of GPA, but in terms of ability to make themselves useful).
Useless people from Ivies are rare, but they do exist, and if you're an employer facing adverse selection you become much more likely to end up with one of those.
(Actually, I've worked with useless people from Cambridge, Tsinghua, and a few other elite colleges, many of whom we had to fire. The common theme was that they couldn't get into a better company, and so they joined us)
It certainly won’t be as easy as folks from Ivies might have it, but folks from state schools can make it big time.
Tim Cook is an Auburn grad, for example.
A friend of mine is a Michigan State grad. He worked his way up the chain in NYC by providing tremendous value. He retired in his 40s with a mid-eight figure net worth after being a partner in a hedge fund that ran its course (raised money, made money, closed down).
If someone is ambitious and talented, their degree won’t stop them.
You have some really talented people (especially on full rides), and you have a bunch of average to slightly above average talent with a) a 1st class education from birth and b) good networks.
Both of those things have real world value, you can't dismiss out of hand. Yes, it's privilege - that's how it works.
The idea that the ivy league is swimming with under-performing people who are only there because of wealth and connections just isn't true.
What is closer to truth - there are lots of people there who are a bit above average capability, very good preparation, and also have family money and/or connections.
In a truly broad, merit only based admissions process most of these people wouldn't make the cut. But it's not because they are weak students, rather because the number of slots in ivy is a small number compared to the total number of strong potential students in the country if you looked really hard.
I'm saying from experience, this is not the case. I've found ivy league CS students to consistently under perform. School in general is not a strong signal, but for whatever reason the ivys consistently produce people who struggle to ship.
My original point is that OSS contribution is a strong signal and what people should look at if they want strong developers. I'm sure other industries have other work oriented methods for determining aptitude.
And I'm saying from experience this is the case - so I guess we're at an impasse due to selection bias. Maybe I've just had better luck in picking them.
Agree there are other better signals sometimes available. For what it's worth "has a CS degree" isn't a great indicator for a developer at all in my experience, with a very few programs excepted (e.g. CMU, Waterloo). But this has nothing to do with ivy vs. non-ivy.
The idea that ivy's are awash with people having little talent is still just silly though.
Totally agree.
> The idea that ivy's are awash with people having little talent is still just silly though.
I would say it's more that they are average but the degree tends to float them to the top of a stack of cvs, so there's a premium you pay in terms of attention (and money if you hire them) that in my experience, is not worth it.
https://news.ycombinator.com/item?id=26242516
> This we agree on. But we have to factor in adverse selection. If you're a prestigious employer, adverse selection is going to be small to non existent. The Harvard grads joining Dropbox are going to be all excellent. If you're a tier-2 employer with no particular unique value proposition, a Harvard grad that is willing to join you isn't the same thing as a randomly selected Harvard grad (unless there's a compelling reason why they would want to join), let alone the same thing as a Harvard grad entering Dropbox. There are selection effects working against you as an employer.
Edit:
I'll add that if you're hiring in tech, you're fairly unlikely to run into ivy league grads who got in primarily on the basis of their wealth. Computer Science attracts upwardly mobile types who got into these schools because they were nerdy overachievers and tends not to attract people born into wealth (they typically have better options and coding isn't really that prestigious at this level).
This has not been my experience at all. There are plenty of wealthy ivy CS students. Most non-wealthy CS people go to a more "normal" university known for CS like UW or CMU.
After all, we see how successful some Ivy dropouts are: Mark Zuckerberg, Bill Gates, Matt Damon, Cole Porter, Buckminster Fuller, etc., are just examples from Harvard. It's not the Harvard education that makes one successful, but being the type of person that gets into Harvard in the first place (a person with, i.e., that same combination among old money, connections, a parent who went to Harvard, dumb luck, etc. that they look for in SCOTUS clerks).
I'm not sure we have a list of people who were accepted into an Ivy and decided not to go, but I'm sure those people would be just as likely to be successful.
The purpose of Ivy league schools is to keep the institution alive. Self preservation. There is nothing fair or even sensible about who gets in and why. It's supposed to be a mystery; a dream you can either achieve through insanely hard work or get in with the right social status or deep pockets. How is this different than anything else in life, or throughout the history of time? If someone's dad can donate a new library and to their jerk off son in, why wouldn't an institution do that? They're private!
Their success lies in a combination of insanely smart students, alumni admissions, "rich kids," and that applicant who's uncle had an affair with so and so and is a personal favor. Education isn't about being "fair" or discourse or any of that. It's to buy a career, into a network (Ivies have large private equity / money ties), or to get a license that is regulated (engineering, nursing, teaching, etc.)
I went to engineering school. I did summer school at my hometown college ("better") than my Alma mater. And guess what? They were both ABET accredited. Same in difficulty. The only difference was the zip code. People went to the prestigious school to get a better job and into a better alumni network, better job placement, etc. That's why you go to Stanford instead of State U Engineering School.
We have to stop kidding ourselves that education is about actually learning. If it was, then we would get rid of college football teams and send everyone and their mother to community college or a trade program. The point of college (in the USA) is to in-debt 18 year olds, dangle carrots in front of them (new houses, cars) and make them slave 9-5 for the rest of eternity.
It either matters enough that I'm screwed for life, or it doesn't really matter all that much in the grand scheme of things. Which is it?
A rich kid is much more likely to leave an impact on the world and this is what these schools want. I once (10 years ago?) read an article about exactly this. The comparison were some US elite high school that strictly select on IQ and alumni were much less successful than expected (yet, more happy in live). George W went to Yale as far as I remember. I doubt that he scored super high in any IQ test. But he was undoubtedly very successful in live.
"Ivies really wanted to promote social justice, they would let in more poor kids"
This is not their main priority.
As a side note: The Economist MBA rankings 2021 have raised eyebrows because European schools rankings increased so much: https://whichmba.economist.com/ranking/full-time-mba
That's the self fulfilling prophecy that modern democracies are/should be trying to avoid. Otherwise we are on the track of building up a new aristocracy where only the rich and powerful get the opportunity of making a difference.
For liberals (not saying you) who think Bush is dumb: is it because his policies disagree with you? Maybe people who come to different conclusions to you aren't dumber, but just have different values. Do we really think all of our political beliefs are based on intellect only? That's very arrogant imo.
What exactly do you base your doubt on? Publicly he can be quite inarticulate, but there's accounts of him being highly intelligent.[1]
In what way would genetics have a huge influence on future impact? That sounds like eugenics.
It's not helpful to trivialize terms like "eugenics".
I suspect by "genetics" here you really mean something like "network you are born into", no?
He had a 77% average in college, which made him a C student. He even characterized himself as an average student, which is accurate. The idea that he was a secret genius is patently ludicrous and is only proffered by political hacks.
But take kim kardashian or Paris Hilton. Without envy you have to agree that they are very successful entrepreneurs. Yet they likely were not top 5% in SAT scores.
Cannot find any sources at the moment other than tabloids and blog posts, but I recommend checking out a fairly recent documentary on Netflix (either 2020 or 2019, I forgot) that talks about "influencers" and such. Paris Hilton got a giant segment dedicated to her on it, and she indeed was extremely articulate in her description of that whole "dumb blonde" public persona schtick. After watching it, I had zero doubt that she was indeed a very intelligent person, despite me having zero interest in her as an entertainer or a public persona.
Ivy League Universities have always existed to provide a finishing school for the elite, rather than providing some sort of public good. While I don't think that's a particularly noble endeavor, it's not an especially malicious one either given the abundance of top-notch (and lower cost) public universities in the U.S.
If some rich parent wants to spend an order of magnitude more money on an ivy league school to give their kid more or less the same education they could have gotten at a state school, what's the big deal?
Yale University/Typical SAT scores 2019–20 Reading and Writing 720-770, Math 740-800
Of cause there could be an inflation.
and
"Bush had scored only 25 percent on a "pilot aptitude" test, the lowest acceptable grade. But his father was then a congressman from Houston, and the commanders of the Texas Guard clearly had an appreciation of politics."
A rich person is subsidized by society. Why should we optimize fiscal policy to enable them and let them leave an outsized impact on the world?
Especially when the outsized impact of the rich is inequality, anti-democratic political norms, and environmental destruction?
They have no skills, or information advantage. Just a network effect advantage through monopoly of a shared value store. I see little difference with this system compared to monarchy or theology rule, which were also hierarchical, with ones power based on closeness to power, and monopoly of value store and public time economy.
To clarify, I mean wealthy non-doers. Hedge funds, old wealth, etc.
Doctors, engineers, etc., sure let us give them our ear. Unskilled rich are a drain on public agency.
What does this mean? How are hedge funds unskilled or non-doers in the manner that heirs are? I'd say the average hedge fund analyst is probably as accomplished/skilled/hard working as the average doctor or engineer.
People need logistics to move materials to enable people to do stuff.
Not speculative emotional guidance on ephemeral value stores.
Most of them are, or are funded by, inherited wealth to service fiscal policy memes.
The people who made the investments and ran the fund came from State University of New York at Buffalo. The count had a team of three assistants and one's entire job was to coordinate shipping cases of wine from his vanity winery to everyone their kids encountered to lubricate the wheels of their success in life. Elite squash trainer might take on the son? Case of wine to the wife. College tour? Case of wine to the tour leader. I was an analyst reporting directly to the CFO and wasn't an assistant but would routinely get asked to do lifestyle chores like help the count's uncle hook up their ipod to their Range Rover's bluetooth.
Hence why I left finance and went into medicine which is more of a meritocracy.
I quoted this as a neutral fact. That things might or could be better otherwise is a total different question.
Some search engine can come along in N days, weeks, months, and provide that snippet out of the context you intended.
Social media is not a friends backyard fire pit. The information peddled here isn’t necessarily lost to memory the next day.
I don’t know you so none of this should be considered a personal attack. I’m just taking information and expanding on it.
It is unfortunate that people seem not to be able to distinguish between a neutral fact and an endorsement. Just recently I posted something I consider a fact and since I was afraid if could be controversial, added that this is not meant in a judgmental way. The bulletin board owner took this to a meta level and argued that it was exactly this add-on that showed that it was meant in a judgmental way and banned me.
One brain is not composed of the same experiential model, and as a result, neurological model, as others.
Physics > chemistry -> biology -> humans -> metaphor and analogy. Kind of my mental road map for information hierarchy.
If it’s not physically quantifiable it probably falls into some category like “relative metaphor and analogy”.
Someone who is wealthy may not have skills as you describe it, but if they are investing their wealth in the stock market for example, it could be argued they have a much more outsized positive impact on society than the average person.
Stock markets are recent inventions; some hand wavy way of saying “this is exactly the right way to store value!”
Why must that ideal be externalized onto others? Why do I have to believe some hedge fund is indeed worth N dollars?
Mendacity of the elderly is not a good enough justification for belief.
Correctly engineering a road, medicine, or making art does not at all rely on such belief.
What?
You needn't use your real name, of course, but for HN to be a community, users need some identity for other users to relate to. Otherwise we may as well have no usernames and no community, and that would be a different kind of forum. https://hn.algolia.com/?query=community%20identity%20by:dang...
Notably this list is missing most top-tier MBA schools like Harvard, Stanford, Columbia, Wharton, Northwestern, U of Chicago, MIT, UC and others.
If you want to say some of these schools are overrated, fine, but if none of them made the top 90 you've got a weird rankings methodology that isn't gonna be useful to most people.
https://whichmba.economist.com/ranking/full-time-mba/2021/me...
> This is not their main priority.
I think you're right to say that this is not their main priority, but I think they actually do quite good letting in more more poor kids (at least better than most people expect).
https://marginalrevolution.com/marginalrevolution/2019/09/th...
Many schools did not participate:
- Harvard
- Wharton
- Yale
- Columbia
- Chicago
- Berkeley
- Stanford
These ratings have limited utility if you leave out the top schools.
Either way, those 7 would make minor difference to the list.
Those were just 7 examples.
I will go out on a limb and say that those seven would be at or near the top of the rankings and would set the rating curve.
I personally think it would make a big difference in this list.
I dont think that article is written in good faith its more like it has been written to keep the poor's and the "enthics" in their place
Of nine Supreme Court justices, only one didn't go to Harvard or Yale.
They are only a tiny portion of students, but they have a huge impact on who holds power in society.
I think this misses the point of going to an ivy league. Would Obama have become president if he didn't have multiple ivy league schools in his pedigree? Maybe, but there's no doubt that the relationships he formed during those years drastically changed the trajectory of his life.
OP is arguing that the undergraduate population of ivy league schools is tiny, so even if they admitted 100% minority students, there would still be millions of minority students who are being left out of the "top tier" education that can be received. Sure, that's true, but the fact that 16/45 of our presidents are ivy league alumni can't be ignored. So when a minority student goes to Harvard and ends up becoming president, he/she can end up changing not only policy decisions to improve outcomes for minority constituents, but also changes the narrative when it comes to who can attain political office at the highest level.
So I would argue that there is absolutely a chance that changing the composition of ivy league student bodies can have an effect on American education inequality. Because some of those students will end up using that advantage to attain political office and affect change at a macro level.
Sure, little Timmy, you can be anything you want, even President. Your parents are rich, right? No? Oh, uh, never mind.
Consider Bill Gates and Mark Zuckerberg. Did going to the Ivy League help them? They dropped out. A big reason they succeeded is because they came from stable families that supported their once crazy dreams.
I'm afraid the Ivy League is going to find out that their adjunct teachers aren't any better than the adjuncts at other schools. In 20-30 years, the great successes will come from other schools-- something that's already much more true today than it was 50 years ago.
It's easier to sell consultants (and similar) to clients, if you can show off their credentials.
Prestigious companies that get tens of thousands of applicants can easily filter out most, by simply keeping students from top 20 schools. At that point, you're going be left with a lot of fantastic candidates. Remember, not every HYPS student lands a job at Goldman Sachs or McKinsey, most don't make the cut. But it's easier to pick from the pool of those HYPS candidates, than from 500 different colleges and universities.
So, in short, companies can offload a lot of preliminary screening and due-diligence work onto the schools. If a candidate is good enough for Harvard, they're probably good enough to take a look at...
And then there's the networking aspect. Like it or not, a lot of powerful people in both business and politics have gone to the same few prestigious schools, and being in the same "club" makes networking easier. For some people, it's a big deal - for others, it's a triviality - but it doesn't really hurt. Networks go a long way, both for individuals and companies.
It's an athletic league, first. I know it has a common language meaning, but it's just an athletic league like the PAC 12 or SEC.
And scandals aside, they are highly competitive for teachers and students. There is a network effect here at undergrad through faculty recruitment, and it's inevitable: the best students want to go where the best teachers are. The best graduate students want to go where the best research is. The best researchers want to go where the best facilities and chance at grants are.
Currently it is the Ivy League, but if that disappeared something like it would reappear. Stratification is a fact of the human condition, and where stratification exists concentration will occur. It's the obligation of society limit things it can, like ensuring social mobility and equitable access and distribution of wealth.
edit: The reason people so rightfully annoyed at admission scandals (particularly alumni/students) is because it's a free rider scenario. Ultra-wealthy cheat to get their students into elite schools because they free ride the reputation of the rest of kids that sacrifice part of their youths to rack up the accomplishments necessary for admission. You can see this, because it isn't just Ivies; the last scandal included Stanford.
I didn't go to an Ivy League school. But it doesn't bother me at all that children of rich people go to elite schools, get degrees in Russian Literature, Art History, Political Science, play lacrosse, get jobs in white-shoe law firms, sit on boards, etc.
It doesn't affect me or hurt me at all. Let them have their club. So what?
I’ve got news for you. Children of rich people who don’t go to Ivies do this, too.
The common thread isn’t “went to Ivy”, rather “children of rich people”. Their network is their value.
As an above commenter mentioned, it can be akin to an aristocracy.
The problem is never why we shouldn't get more people into Ivy League, nor why don't we get more poor kids into Ivy League, or even just bring them into college. The problem is, in the era you can learn literally pretty much almost anything online, the cost of learning is very cheap, and yet people are arguing education is human right, so government should just wipe out student loans? I think the real solution is to look at how education works now and solve the problem with new technology. However, it would be very hard to do and may take very long time, given the Ivy League folks are pretty much the same group of people in power, none of them would like to make their degree looks cheap, and the irony is they often claim that they support social justice. If people truly care about social justice, it's time for people to think about the college requirement for a job and Ivy League only hiring policy.
Elite universities are the tip of a massive iceberg and they already have programs to offer full free rides to otherwise eligible students that can't afford it. The problem starts based on leisure time to parents when their kid is 1 year old and being able to read to them (and having access/time to get to libraries or buy books). It then comes in from having money to buy houses in places with good school districts (which are usually funded by property taxes, so those are inextricably linked in the current setup). Then it comes paying for extracurriculars, summer programs, test prep, and in some cases private schools with better academics and student:teacher ratios. After 20 years that adds up and you see inequity (across the board, to be clear, at private college levels, not just the ivies) at college admission levels. You can't throw a bandaid at the top of the problem and wipe your hands of it, and a microscopic manifestation of the problem can only do so much to fix it.
Ivy Leagues don't sit around worrying about their brand, they already have the best students in the whole world applying and they only admit a few percent of them. And you can easily pay more for a degree: https://www.cbsnews.com/pictures/the-50-most-expensive-colle... so it's not an issue of cost.
Yea, this is spot on.
They love the exclusivity, status and authority. Authority and social justice go hand-in-hand.
It's an end-justifies-the-means movement, so they'll use whatever blunt object they can find to bludgeon people.
For sure, because what, >70% of our lawmakers are going to come from 0.5% of undergraduates when they grow up.
I've taught across the spectrum, from community colleges to an Ivy League school. The difference is that there is a much higher concentration of smart and motivated students at a private Ivy-League class school compared to State U.
Put simply, the centralization of talent/resources due to a harder acceptance filter creates all sorts of opportunities.
A lot of 'luck' is simply being in the right room at the right time. An elite university makes it a lot easier to put yourself in the right room.