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by patorjk 3793 days ago
What are you basing that on though? The article looked at "7,300 college graduates 10 years after graduation" and found that:

> For STEM-related majors, average earnings don’t vary much among the college categories. For example, we find no statistically significant differences in average earnings for science majors between selective schools and either midtier or less-selective schools. Likewise, there’s no significant earnings difference between engineering graduates from selective and less-selective colleges, and only a marginally significant difference between selective and midtier colleges.
3 comments
is_it_worth_it_ 3793 days ago
I know a good amount about the tech scene in nyc. It works like this, you can get paid a bunch by google or fb, maybe amazon. Sure if you make it in as a state school college grad you get paid. But developers in finance working on the actual trading models who make 300k+ almost exclusively went to top schools. Look at a front office development team at any quant fund.
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arcanus 3793 days ago
The guys working at quant funds tend to have ph.d.s, in my experience. Some are certainly from state schools (UT Austin).
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beisner 3793 days ago
Anecdotally, I am currently an undergraduate in a top 10 CS department and I have several friends who have $160k+ job offers straight out of undergrad at quant firms.
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chlee 3793 days ago
UT Austin has a top 10 CS program.

It's just below MIT/CMU/Stanford/Berkley. Typically just as well regarded as UW/Cornell/Princeton/UIUC/Georgia Tech/Caltech.

Dijkstra used to be the department chair in the 80s and early 90s.

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is_it_worth_it_ 3793 days ago
Right, but a phd is a different case than a bachelors. UT Austin is also a solid school.
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gozur88 3793 days ago
Yeah. What makes STEM different is it's a lot easier to see who the productive people are. For MBAs in middle management at MegaCorp that's probably not the case, particularly since the people who went to more prestigious schools get started on a fast-track to upper management.
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harryjo 3793 days ago
That's because computer science (programming jobs) is getting lumped in with biology jobs that pay half as much and the same everywhere you come from.
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