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He goes on to say that potential clients definitely look at him differently because of his Ivy League education. According to another popular argument, there are also networking benefits. Those who attend Ivy League schools are constantly in the presence of fellow high-performing students who already have prestigious contacts in large companies and those contacts may open the door to jobs not available to those who attend other schools. Anti Ivy League Jay Mathews, recruiter, Harvard graduate and author of the book Harvard Schmarvard: Getting Beyond the Ivy League to the College That is Best for You believes that Ivy League graduates do better than their second-tier counterparts, but like the one study indicated, it's not so much because of the school.

Only the best, most promising students are getting into Ivy League schools. These are students who would be successful wherever they went, and that may account for the Ivy League influence according to Mathews. He goes on to say that although education matters, how a person relates to customers, employees and others in the supply chain is more important than his or her school of choice.

Performance is far more important than education. These numbers do not include room and board, student loan interest, and other associated costs. Not All Jobs Are Equal It might be true that some careers pay more for top-tier graduates, but for some careers it may not pay off.

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Take the education field, for example. Most public school educators operate under a union negotiated contract where the rate of pay is tied to experience and the highest degree earned. The person with five years of experience with a master's degree is offered the same salary as the same person who earned his or her degree at an Ivy League school. Hiring managers have very little latitude on the salary offered.


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The Bottom Line Regardless of your opinion of the Ivy League debate, don't forget to use good economic sense when deciding on a school for your child or yourself. If you can't afford a luxury car, there's no shame in purchasing an economy car. They will both get you where you need to go.

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Don't think because a school is more expensive you will get that money back with a higher salary and if you do how long will it take to recoup the cost? Saving For College. Career Advice. Investopedia uses cookies to provide you with a great user experience. By using Investopedia, you accept our. Your Money. Personal Finance. Buy it now. Condition see all Condition. New Used 5. Not specified 8.


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Ivy League For Free: What One Man Learned By Crashing Elite Colleges F

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