Moreover, it's very difficult to be admitted into an Ivy League school. It is also very difficult to recruit graduates from Ivy League Schools. They are rare: In 2014-15, 1.8 million bachelors degrees were awarded in the US [1]. Roughly 20,000 of those are from Ivy League schools. That's about 1%.
Hence, even sought after employers like Apple employ more students from mid-tier schools like San Jose State than top-ranked schools [2]. So if you are an Apple recruiter, the bulk of your recruits come from a University that is ranked 38 out of about 130 -regional- schools. It is not even ranked nationally.
The notion that if an applicant is not admitted to a top-ranked school, they are going to wind up a janitor, is simply false.
What has become skewed is the perception of the value of elite schools. Since perception drives price, the price of attending them has skyrocketed. The 4-year cost of Harvard is now $234,000 [3] vs. San Jose State at about $100,000 [4].
And schools like Missouri University of Science and Technology present the better ROI.
Moreover, it's very difficult to be admitted into an Ivy League school. It is also very difficult to recruit graduates from Ivy League Schools. They are rare: In 2014-15, 1.8 million bachelors degrees were awarded in the US [1]. Roughly 20,000 of those are from Ivy League schools. That's about 1%.
Hence, even sought after employers like Apple employ more students from mid-tier schools like San Jose State than top-ranked schools [2]. So if you are an Apple recruiter, the bulk of your recruits come from a University that is ranked 38 out of about 130 -regional- schools. It is not even ranked nationally.
The notion that if an applicant is not admitted to a top-ranked school, they are going to wind up a janitor, is simply false.
What has become skewed is the perception of the value of elite schools. Since perception drives price, the price of attending them has skyrocketed. The 4-year cost of Harvard is now $234,000 [3] vs. San Jose State at about $100,000 [4].
And schools like Missouri University of Science and Technology present the better ROI.
[1] http://nces.ed.gov/fastfacts/display.asp?id=372 [2] http://www.wired.com/2014/05/alumni-network-2/ [3] http://www.harvard.edu/harvard-glance [4] http://www.sjsu.edu/faso/Applying/Cost_of_Attendance/