Your Future Income and College Choice - Bad Advice, Bad Data, and Bad Decisions

This is the final part of my 3 part series on how to choose a college. If you are just joining the series the links to parts one and two are below to get you caught up:
Part 1: • Choosing Your College ...
Part 2: • Choosing the Right Col...
If you would like to see my latest training, check out the link below:
collegeguidepro.net/webinar/
Timestamps
00:00 Do Employers Care? (Prejudice)
2:31 Misinformation
8:05 Cloning
10:59 Job Satisfaction
11:49 Choosing a College
Do employers care where you went to college? This is a question many find themselves either asking or researching when choosing a college. Going to college is a costly and time-intensive investment and future students want to make sure that it will be worthwhile in the end.
While you can quickly find a lot on the internet about this subject there is also a lot of bad data out there as well. I weeded through it all for you and also included the most reputable study I believe to have been done in relation to the subject in order to answer the question: Do employers care where you went to college?
Choosing a college is an incredibly personal choice. There is no one perfect college for everyone. The goal is to balance your needs and wants and to remember that your intellectual fuel is finite. If you exhaust all that you have in the tank working to get into the school of your dreams you may feel unfulfilled once you finally get there.
The most important thing to remember when looking at colleges is that there are many great colleges. With traditional searches, you may miss a university of scholarship offer that could save you thousands. That is why we made College Guide Pro.
If you are interested in using our software to help simplify and streamline your college search feel free to use the link below:
collegeguidepro.net/
#collegedecision #collegechoice #Chosingacollege #college #harvard #highereducation #graduation #collegeprep #employment #hiringgraduates #ivyleague #privatecollege #publiccollege #stateschools #findingacollege #collegesearch #collegedegree

[@jameswelch82]

I genuinely don't understand how you don't have more subscribers and views. The content is really high quality, and I promise if you stick with this your going to be rewarded for it sooner than later.

[@ryanp4827]

Just found his channel - def agree. Feel like its going to blow up soon

[@DemoVideosDieCutting]

The one on the NFL draft... Listened to it three times. Super agree

[@JasirMahin]

Just a proof that people ignore quality content 😢

[@vaderz70]

Probably something to do with the dumb algorithm

[@mikaanuba659]

In my opinion, if Michael sticks to it, it's only a matter of "when", not "if". Discovered this channel through one NBA-related videos a day ago and nearly done watching all of his vids. Very high quality & informative videos!

[@andrewzhang9883]

It's important to note that a lot of prestigious wall street jobs (investment banking and private equity) recruit from a set of target schools (basically all prestigious universities). And the top MBA programs like Harvard and Stanford select the vast majority of students from top undergrad schools. Both of these are backed by data from large surveys.

[@zackarygheen2612]

This is true. But the question is why do they do that? There’s a large majority of people who believe this is due to the fact that these prestigious schools are mostly made up of children from wealthy, well connected families. These families are more likely to know (and maybe even have inside knowledge from) influential people in influential areas of the economy, political arena, investment banks themselves, etc.

[@mosijahi3096]

Interesting point

[@jtam222]

They obviously mistook Penn State for University of Pennsylvania, which actually does have a top law school

[@BramCohen]

Payscale's data seems to indicate that earnings are mostly determined by choice of college major and where you decide to move after college, with a college's impact mostly being the indirect one that you're more likely to stay living in the area your college was in.

[@sneakyquick]

I have worked in IT for 25 years at fortune 500 companies and smaller companies. At the larger companies a degree was an admission ticket you simply had to have it, no one cared or asked where I went at all. Just make sure it is a regionally accredited school.

[@taylorism7787]

Excellent videos! The ones on the NFL draft and renting vs buying were what brought me in, but these have all been good so far.

[@AndrewMatias]

Hey I love your videos! I love how you bring data together, your visuals and your audio is great!

[@tombarr949]

I was recently told by a UCLA Engineering Alum that he had trouble getting a job after graduation as California Polytechnic grads were preferred in his field. UCLA emphasized theory and research while Cal Poly emphasized "learning by doing". I attended Kettering University which was a 5 year engineering school with co-op experience the full 5 years. School work is one thing, being able to demonstrate and apply is another thing.

[@michaelmackelvie]

Co-Op seems to be perhaps the most feasible way Uni’s (especially regional ones struggling for enrollment) can stay relaxant and valuable…as enrollment drops I see Co-Ops increasing…

[@Aaron-kj8dv]

I was doing an interview at Chrysler for a college project and I said off-hand which colleges are the best for engineering? Since I'm in Michigan he said we'll accept someone from Lawrence Tech who got a C over someone from U of Michigan who got an A. He said Lawrence Tech is much more difficult and the students aren't nearly as arrogant and think they know everything when they come in. He also said they'd take Michigan State over UM for the same reason but the training is about the same.

[@TheInvestmentCircle]

Amazing videos my man. The depth and breadth of your research and your ability to convey information is a thing or beauty

[@bryanw.8344]

This is such high quality content. The presentation is excellent. Enjoying the different topics. Keep going.

[@zanderyokum825]

You are on your way to 100K+ subscribers. High quality and unique content. Superb.

[@ryanp4827]

Great stuff dude!

[@jhansen7255]

Your vid’s are amazing dude, keep going!

[@jamaljabril123]

This channel is an absolute gem

[@samwilson3961]

Great content. Thank you for doing this work. I truly believe this message needs to be spread!

[@ryanstockdale8358]

I feel smarter already, thanks bro. I love your videos, subscriber for life!

[@michaelmackelvie]

Thanks Ryan! Much appreciated…

[@sidanx7887]

Amazing stuff very interesting

[@stephanc2359]

Mike , you're making some amazing videos clear and concise. I think more people should watch your videos

[@michaelmackelvie]

Thank you! Really appreciate that...will keep pumpin!

[@user-br5ts9yv3y]

That's truly insightful, Respect!!!

[@michaelmackelvie]

Thank you! Put a lot of work into these vids...so I appreciate it.

[@Jaddison99Lax]

Amazing content

[@joshuazavala1750]

This was a phenomenal series. Great message and you presented it in a very fun and entertaining way. You are surely helping thousands of young kids who are struggling with this decision.

[@michaelmackelvie]

Thanks Josh! Much appreciated my friend

[@11375tony]

Thank you so much. Going to have my kids subscribe to your channel.

[@peaceoftara]

The quality of this video is fantastic. A mini, KZbin documentary. I love it

[@michaelmackelvie]

Thank you! This is the vibe for each vid going forward...putting a lot more effort into production/writing to make it an experience for the viewer, not just information. Appreciate the kind words!

[@DarkxAbsolut]

You're an incredible storyteller

[@Jaegan06]

Watching this video should be a mandatory homework assignment for every high school junior in America. Fantastic work!

[@michaelmackelvie]

Wow, thank you!

[@isiahwhittington7860]

This is sum high quality content…. Subscribed ✅ I will be looking forward to your next videos🤌🤌

[@michaelmackelvie]

Thanks man! Appreciate that…

[@willsheekey7747]

love your content

[@michaelmackelvie]

Thank you!

[@shanephillips8269]

fantastic series, shocked so few views

[@ramnsesallen4375]

Prestige does tend to matter in fields where connections are king. This mostly means law and business/finance. Some law firms only hire from certain institutions, similar with Wall Street, but outside of these few, prestigious institutions aren’t the factor, quality is.

[@KoalaKuddle]

Love your videos and juat discovered your channel. I agree with your endpoint that the gap between these elite and state schools is shrinking. The dale and kreuger study has several flaws, such as having buckets of incomes that only cap at around 200k or 250k (i don't fully remember the number). So, there are these outliers that are not properly being accounted for. Also, no one really talks about how much easier it is to simply find a job with a better degree. Maybe they dont enjoy their job or get paid more, but it is much easier to find a job.

[@michaelmackelvie]

Appreciate the feedback - no study is perfect...would be interesting to see it with those outliers included...then again, the question would be "was the school responsible for these outliers?".

[@diegoamores9295]

Love the content man. However, it is important to note that the study did not distinguish between different majors and this may lead to a false narrative imo. For example, myself as a finance student, know that target universities are a real thing for IB, MBB, etc recruiting. Essentially, the university you went to is the difference between getting that investment banking interview or not. So in niche cases (like business or finance for example), the college you went to can be the deciding factor between a career in high finance or a career in Big 4, etc... and of course the difference in salary is palpable.

[@DaeValarauko]

The only conclusion which can be drawn from the data presented is that choosing between private and public schools on average will not impact a student's long-term earning potential. That does not mean that selection of a specific institution is unimportant. If the data were to by sliced by some measurable proxy for prestige (program ranks, for example), I anticipate that a statistically significant difference would emerge between a Top 10 program in a field and a generic program in that same field. So maybe Michigan and Harvard have the same average earning potential, but I can't imagine those being the same as the University of Wyoming or East Carolina.

[@andrewparks1565]

Great video. Just wondering: what does it mean to attend a higher ranked/more prestigious school but correct for average SAT score accepted?

[@weksauce]

No. The next best thing is looking at NATURAL experiments, that still randomize people into different arms that you're interested in comparing/contrasting. "Controls" that you're referring to aren't controls at all. They're just retroactively bucketing or categorizing not-randomized observations. Observational relationships can never show causality.

[@imaginater5238]

I think there would be a higher difference in outcomes if the 'less selective' school wasn't one of the best in the country (uni of michigan). Personally when I think of less selective schools i think of state schools and ccs. Universities within 20 ranks of each other are going to be very similar in caliber, and I would honestly say anything within 50 ranks would be extremely similar in outcomes.

[@YankeeStacking]

Skip college all together unless you field of study and career choice REALLY MATTERS! (And most don’t.)

[@paulgaither]

Robert Reich is a great person to listen to when talking about colleges, legacy admissions, political power and "who you know" while both going to school and graduating. If you want to design bridges, maybe it doesn't matter which school you go to, but if you want to shape the future of the country, it helps to rub elbows with the other movers and shakers who run the country. Rob just dropped a video about his professor and being classmates with the Clintons. That wouldn't have been true if he had gone somewhere else.

[@jeremybrouillard]

Who would have thought that if you are good, no matter what college you went to, you will be successful. As a Canadian working for an American corporation I am always baffled at how much the US "values" where you went. I am like, I went to school in a college none of you guys ever heard of and I still got the job (in fact I got recruited). The only thing that matters is that I am good at it.

[@sunnyli2017]

10:47 the special sauce is called making friends at the Ivy League schools who’s corrupt politician/corporate familial connections can provide you with a job and cash in the nepotism.

[@ChefGigii]

Amazing video , really helpful ❤ I got my Econ degree in one of the best university in Iran , now I’m looking forward getting my master degree in Canada! Do you have any suggestions that I can gather data efficiently about universities rather than relying on ranking???

[@michaelmackelvie]

Thank you! And great question...from my experience, the biggest mistake students make is not considering the financial aspect when choosing a college. It's as if we have two independent decisions: a financial one, and a personal one. This is...quite literally...a massive oversimplification, and misunderstanding. The financial aspects of our life can become VERY personal rather quickly...

[@katzmanyotam]

If money wasn't an issue for you, and you could get into any university you want. Wouldn't you choose the "best" (by the ranking you showed..)?

[@jamaljabril123]

Video recommendation: The true value of an MBA.

[@anthonyzenn7082]

I googled Penn State Law School and they have a law school I don’t get it

[@michaelmackelvie]

Not when the study was done…

[@robthornton1704]

There’s always the military. Free college is a beautiful thing

[@GalacticAstroparticles]

There is selection bias here, due to the country selection: This holds for the peculiar case of the U.S. where academic education is completely privatized and your entry into the "top" univerisities depends on the depth of your parents' pockets. In my country and for many countries in Europe in general, your entry into a top tier university depends mostly on your high school performance/grades. This means that in the rest of the world the correlation between: good grades - university level - job salary/level exists. Because the top performing high school students (which turn into the most successful workers) populate the top universities. But for the US, the correlation is: deep family pockets - university level. So the top universities are populated by people born into wealth instead of highly motivated students.

[@MedicalOkami]

I would agree with him at the median, but at the extreme ends of academic achievement & performance, I find his claims extremely dubious. Moreover, it’s fallacious to attribute facts about the population to the individual. I understand playing the odds, and I think it is good video, but he misses some things with regard to outliers imo.

[@jordansommer26]

Uhmm… Penn State actually has TWO law schools since 2014. Penn State Law and Penn State Dickinson Law.

[@michaelmackelvie]

Correct - they did not have the law school at the time the survey was done...

[@jordansommer26]

@@michaelmackelvie when was this survey because Penn State acquired Dickinson law in 1997.

[@michaelmackelvie]

@@jordansommer26 1996.

[@jordansommer26]

@@michaelmackelvie I don’t see how referencing a study completed nearly 30 years ago is a good way to support any claims to the current world. I know you spent a lot of time and effort on this video and I agree that college choices don’t directly affect income but I don’t think using a study almost 30 years old is a fair source of research.

[@JTTTTTGGGGG]

​@@jordansommer26lol I think you entirely missed the point

[@macedindu829]

People don't like to hear it, but IQ is king. SAT's track very strongly with IQ. "Education" is a myth. A school is good or bad almost invariably based on the IQ of the students.

[@Frederick0220]

BINGO! And they really don't wanna hear average intelligence scores by race. Biggest no no, even though it has been rigorously studied