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xiaolingxiao ◴[] No.22975132[source]
This is typical, Harvard did it for Jews back when they were discriminated against. In order to discriminate "tastefully" (Ivies are all about "is it a good look"), Harvard did a population study and learned that most Jews came from upstate NY. Thus began Harvard's mission of broadening access to elite education to the Midwest and Pacific West, where there are almost no Jews.

While in college, I heard a very fascinating story of how Harvard retaliated when confronted with evidence. There is a linguistic professor at Penn who went to Harvard and is Jewish. While at Harvard in the 70s, he suspected discrimination and broke into the admissions office, unearthing documents proving his case. Harvard responded by sending him to Vietnam, presumably to die. Long story short, he lived to tell the tale. After the war, he went to MIT and received a doctorate. He has all kinds of interesting stories about 'Nam too, but this Harvard story is really something else.

All Ivies/Stanford discriminate, they can fill the school 10x over with Valedictorian/Chess champions if they want to. But they have to mindful of their corporate customers as well, companies want a diverse menu of people. Some studies have been done around how they discriminate now: presently the tasteful instrument of discrimination is extra-curricular activities. You'd be hard pressed to find too many Asian Americans doing Lax or Crew.

Remember, these are private institutions so strictly speaking, they could do what ever they want (Disclosure: I am Asian). The bigger issue is that many people do have to go to one of these colleges for upward mobility. These schools are like oligopolies that have taken captive the American dream.

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1. Dumblydorr ◴[] No.22977293[source]
Eh, I don't think these schools offer much upward mobility given their extreme cost. Almost all their students should be better off financially going to community college for 2 years then transferring to state school 2 years. These colleges are more so about brand, it's an elite,an Ivy, a Porsche.

Is a Porsche 911 the car offering the best mobility? Surely its fast, but at the end of the day, a thousand other cars get you to the finish line nearly as quickly for a fraction of the investment.

If you save 200k on education costs and it grows reasonably in the stock market, you'd need Harvard to make a diff of over a million dollars by age 45-50, as that's what your investment will do in the market.

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2. lotsofpulp ◴[] No.22977371[source]
Harvard does not cost $200k for families with income less than $100k. And even if it does, the network you make at Harvard and the doors their brand opens is well worth it in the long run.

There is a reason it’s so competitive, and it’s because it’s so competitive that it’s so worth it. Same for MIT/Stanford/CalTech/etc.

3. usaar333 ◴[] No.22978853[source]
Management consulting firms don't recruit from most state schools.
4. TrackerFF ◴[] No.22984453[source]
These schools feed graduates into very lucrative companies.

Investment banks, hedge funds, private equity, management consulting, white-shoe law firms, and the list goes on. Sure - most of these don't say "We only want to hire top ivy-league grads", but they a good chunk of their recruiting happens at those school. Most firms have gotten better at casting a wider net - but having the "correct" background does still pay off, if you plan on a career in those places.