Patriot1208 wrote:^^^ that is completely wrong. I just saw a study in my Business analysis class that determined an almost perfect correlation between undergrad USNWR ranking and average salary. Of course this hurts bigger schools and I would imagine Michigan has close to as many wealthy alumni as many of the better schools but as far as prestige goes there is a clear indicator that the better school you go to the better jobs that are available to you. The top consulting, ibanking, corporations, etc recruit only at the top schools. Of course, there are a lot (relatively) of state school grads making 200k in some small business in a suburb of columbus or detroit. But the prestige jobs that lead to the most money (potential for millions) recruit almost exclusively out of the best schools. Also, in my experience as a transfer from a good public to a top private, there is a vast difference in level of competition, the toughness in how things are graded, and the amount of work.
Also, Michigan isn't really a good example because of how highly regarded it is. It will be a lot different if we are comparing the vast majority of state schools like Indiana or Kentucky.
Wait, so you saw a study in a class at a top school that says top schools get students better jobs? I am shocked to say the least.
To address this, in 1998, Alan B. Krueger looked not just at the earnings of elite-college graduates, but also at the earnings of those accepted at elite colleges who chose to attend a less-selective institution. The researchers found that both groups of students earned about the same. That suggests that the students themselves--not the school--account for the difference. To Krueger, if you're smart enough to get into Princeton, you're smart enough to make a lot of money wherever you go to school.
This is TCR, not anything else. And those smart enought to go to cheaper schools can invest the savings and make more than their counterparts.