Author Topic: Georgia Tech and UCLA Admissions  (Read 13456 times)

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Offline bones

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Re: Applying to UCLA in 1998 vs Applying to Georgia Tech in 2014
« Reply #30 on: September 08, 2018, 05:50:22 PM »
It’s hard to put a value on the alumni network or the prestige factor. Some alumni build their career off of it. And some may never use it.  There’s also other non-career benefits like having your future kids be legacies :)

I always find these hypothetical college questions kind of silly. Let them get into said colleges first before parents start ticking off the ones they’re willing to send them to.

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Offline Panda

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Re: Applying to UCLA in 1998 vs Applying to Georgia Tech in 2014
« Reply #31 on: September 08, 2018, 06:02:56 PM »
Agreed. Bones you graduated from top tier Ivy League school right? What kind of value would you place on your alumni network or the prestige factor vs graduating from a top state school like Cal or UCLA? How much of your alumni network or prestige factor has helped you achieve your goals and dreams?

I guess the discussion I would like to have is "if your kids are smart enough to get into an Ivy League school"... is the $300k price tag worth it for the parents if your kids got in?
« Last Edit: September 08, 2018, 06:08:38 PM by Panda »
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Offline bones

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Re: Applying to UCLA in 1998 vs Applying to Georgia Tech in 2014
« Reply #32 on: September 08, 2018, 06:22:26 PM »
Agreed. Bones you graduated from top tier Ivy League school right? What kind of value would you place on your alumni network or the prestige factor vs graduating from a top state school like Cal or UCLA? How much of your alumni network or prestige factor has helped you achieve your goals and dreams?

I guess the discussion I would like to have is "if your kids are smart enough to get into an Ivy League school"... is the $300k price tag worth it for the parents if your kids got in?

It’s hard for me to chime in bc no offense USC/UCLA grads but having grown up/schooled/colleged/worked on the east coast, I don’t get the whole USC/UCLA “Prestige” thing.

And I’m also going to punt on the second question. Honestly a lot of it depends on the kid. What are their goals and dreams - academcially, socially, financially?  For example, if they want to make films, then yea, going to USC (or UCLA for LA proximity) probably makes sense.  The “worth it” question can’t be answered in a vacuum.
« Last Edit: September 08, 2018, 06:31:06 PM by bones »

Offline irvinehomeowner

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Re: Applying to UCLA in 1998 vs Applying to Georgia Tech in 2014
« Reply #33 on: September 08, 2018, 06:56:43 PM »
I’m too lazy to search but didn't I post a poll about who wanted their kids to go to Ivy or not? Or was that for which type of college we all went to?

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Offline Kings

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Re: Applying to UCLA in 1998 vs Applying to Georgia Tech in 2014
« Reply #34 on: September 09, 2018, 06:17:00 AM »
The alumni network value is the unknown wild card. For most you, if your son or daughter got into a top tier Ivy like Stanford, Harvard, MIT, Chicago, Dartmouth, Princeton or Yale an $300k price tag maybe worth it for the network and prestige the school brand provides. I would honestly consider paying that price tag if one of my boys got into those first tier Ivy schools. However if the decision boiled down to USC, Brown, Emory, Vanderbilt, Northwestern, Cornell, or Emory vs Tech? I don't think the $300k price tag is worth it... What is your opinion?

https://news.usc.edu/trojan-family/as-uscs-acceptance-rate-drops-academic-excellence-rises/

USC admission rate 69% in 1980
USC admission rate 17% in 2016

One thing for sure is that if you got into USC in the mid 1990s, you have a college brand equity that has appreciated in value by 10X today. One of my high school buddies seriously got in with a 2.9 GPA and 1060 SAT score back in 1994. He did have Crazy Rich Asians parents in Taiwan.


Compare this to a minted USC grad - (major in Finance, Computer Science, or Engineering). The average salary of USC grad is not much different from a Tech grad but the 4 year price tag for USC is right around $295,000.


USC return on investment : $295,000 4 year tuition / $72.000 first year salary =              4 years to break even
Georgia Tech return on investment : $72,000 4 years tuition / $72,000 first year salary = 1 year to break even


i think the real question is what value do you put on the alumni network of each school.  usc has one of the strongest alumni networks in the country.  not sure about georgia tech.  while the initial price tag of a degree at usc may be +$200k, depending on what line of work you go into that $200k could be paid back many times over with certain occupations (e.g. commission-based work) that you can leverage your alumni status.  of course, this depends largely on the individual's ability to network, maintain relationships, attend alumni events, etc.

for usc in particular, i believe you would need to stay in the greater los angeles area in order to really leverage that $300k.  i would agree that usc is not on the same level as top ivy schools in terms of national recognition/respect, but if you're in the usc "bubble" here in socal then it could be worth it.  i work with a few usc grads and as soon as someone comes into the office for a meeting and it's revealed they're also a trojan, it's a completely different atmosphere.  they're all drinking the same kool-aid, that's for sure.

i think the price tag depends on where else your kids got in and what degree they're pursuing.  stem degree at ivy vs. usc at the same price?  ivy all day.  stem degree at cal state vs. usc?  cal state would likely prove to be a better roi.  art degree at cal state vs. usc?  usc might get you further based on name alone.

Offline fortune11

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Re: Applying to UCLA in 1998 vs Applying to Georgia Tech in 2014
« Reply #35 on: September 09, 2018, 07:03:53 AM »
I actually think college is the last overpriced bastion in the United States that has not been exposed to true competition.  That being said , until that changes , everyone is still better served by trying to get their kids into the best schools possible .

People underestimate how much geography and brand name recognition still matters , even if underlying quality may not be as good . The fact is best paying jobs in aggregate , are in West  and east coast and elite coastal schools will always have the upper hand in term of the higher echelon of jobs , esp those that rely on network . Many companies recruit locally and while some may have token recruiting programs for far off state universities , they are many often spillover efforts when they can’t source what they need locally . 

One of the asset management firms I work with as a client in downtown LA  , when they expanded into a new area, hired 2 mbas from UCLA . One was a campus type and the other came via a referral .  Now , could they have found a better candidate in Georgia . Possibly . But people only have so much bandwidth and time and when it comes down to it, for better or worse , familiarly bias and comfort zones take over .

Offline eyephone

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Re: Applying to UCLA in 1998 vs Applying to Georgia Tech in 2014
« Reply #36 on: September 09, 2018, 11:27:29 AM »
The alumni network value is the unknown wild card. For most you, if your son or daughter got into a top tier Ivy like Stanford, Harvard, MIT, Chicago, Dartmouth, Princeton or Yale an $300k price tag maybe worth it for the network and prestige the school brand provides. I would honestly consider paying that price tag if one of my boys got into those first tier Ivy schools. However if the decision boiled down to USC, Brown, Emory, Vanderbilt, Northwestern, Cornell, or Emory vs Tech? I don't think the $300k price tag is worth it... What is your opinion?

https://news.usc.edu/trojan-family/as-uscs-acceptance-rate-drops-academic-excellence-rises/

USC admission rate 69% in 1980
USC admission rate 17% in 2016

One thing for sure is that if you got into USC in the mid 1990s, you have a college brand equity that has appreciated in value by 10X today. One of my high school buddies seriously got in with a 2.9 GPA and 1060 SAT score back in 1994. He did have Crazy Rich Asians parents in Taiwan.


Compare this to a minted USC grad - (major in Finance, Computer Science, or Engineering). The average salary of USC grad is not much different from a Tech grad but the 4 year price tag for USC is right around $295,000.


USC return on investment : $295,000 4 year tuition / $72.000 first year salary =              4 years to break even
Georgia Tech return on investment : $72,000 4 years tuition / $72,000 first year salary = 1 year to break even


i think the real question is what value do you put on the alumni network of each school.  usc has one of the strongest alumni networks in the country.  not sure about georgia tech.  while the initial price tag of a degree at usc may be +$200k, depending on what line of work you go into that $200k could be paid back many times over with certain occupations (e.g. commission-based work) that you can leverage your alumni status.  of course, this depends largely on the individual's ability to network, maintain relationships, attend alumni events, etc.

for usc in particular, i believe you would need to stay in the greater los angeles area in order to really leverage that $300k.  i would agree that usc is not on the same level as top ivy schools in terms of national recognition/respect, but if you're in the usc "bubble" here in socal then it could be worth it.  i work with a few usc grads and as soon as someone comes into the office for a meeting and it's revealed they're also a trojan, it's a completely different atmosphere.  they're all drinking the same kool-aid, that's for sure.

i think the price tag depends on where else your kids got in and what degree they're pursuing.  stem degree at ivy vs. usc at the same price?  ivy all day.  stem degree at cal state vs. usc?  cal state would likely prove to be a better roi.  art degree at cal state vs. usc?  usc might get you further based on name alone.

Steven Spielberg went to CSULB and then graduated later. But he was rejected from USC 3 times.

http://www.theblackandblue.com/2011/04/05/the-steven-spielberg-three-step-guide-to-rejection/



Offline paydawg

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Re: Applying to UCLA in 1998 vs Applying to Georgia Tech in 2014
« Reply #37 on: September 09, 2018, 02:30:05 PM »
I actually think college is the last overpriced bastion in the United States that has not been exposed to true competition.  That being said , until that changes , everyone is still better served by trying to get their kids into the best schools possible .

People underestimate how much geography and brand name recognition still matters , even if underlying quality may not be as good . The fact is best paying jobs in aggregate , are in West  and east coast and elite coastal schools will always have the upper hand in term of the higher echelon of jobs , esp those that rely on network . Many companies recruit locally and while some may have token recruiting programs for far off state universities , they are many often spillover efforts when they can’t source what they need locally . 

One of the asset management firms I work with as a client in downtown LA  , when they expanded into a new area, hired 2 mbas from UCLA . One was a campus type and the other came via a referral .  Now , could they have found a better candidate in Georgia . Possibly . But people only have so much bandwidth and time and when it comes down to it, for better or worse , familiarly bias and comfort zones take over .

It's all about name recognition.  Georgia Tech sounds like a regional school.  UCLA would too if it were called UC Los Angeles.
Thanks in advance for the 'thanks'!!

Offline Panda

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Re: Applying to UCLA in 1998 vs Applying to Georgia Tech in 2014
« Reply #38 on: September 09, 2018, 04:51:44 PM »
Name recognition does change. Berkeley was always the #1 state school in California. In 2018, 113,409 student applied to UCLA vs 89,294 to Berkeley. Acceptance rate for UCLA in 2018 is a stunning 12%, vs 17% for Berkeley. Today, UCLA is clearly the #1 state school in California from % of students admitted. USC also went from a fourth tier school in the 90s to become the top 21 matching the rank of UCLA and Cal University of Chicago is now ranked #3, ahead of all the tier 1 Ivy schools except Harvard and Princeton.

In the south, University of North Carolina - Chapel has always been known as the top state school in the south, which will soon get replaced by Georgia Tech... but like Eyephone's article about Steven Spielberg, the brand name of the school will matter less for our children as the labor force will become less and less W2 and transform into more independent contractors. 

UCLA fall 2018 applicants :       113,409    Acceptance rate 12%

Berkeley fall 2018 applicants :    89,294    Acceptance rate 17%

« Last Edit: September 10, 2018, 09:18:29 AM by Panda »
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Offline WTTCHMN

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Re: Applying to UCLA in 1998 vs Applying to Georgia Tech in 2014
« Reply #39 on: September 10, 2018, 10:34:42 AM »
US News 2019 rankings just came out.

UCLA #19

Cal #22
USC #22 (tie)

UCLA is the highest ranked public school.  Your beloved Michigan is #27.

https://www.usnews.com/best-colleges/rankings/national-universities

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Offline zubs

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Re: Applying to UCLA in 1998 vs Applying to Georgia Tech in 2014
« Reply #40 on: September 10, 2018, 11:07:34 AM »
Start your kids networking early.
Put your kids into elite boarding schools.

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Offline Panda

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Re: Applying to UCLA in 1998 vs Applying to Georgia Tech in 2014
« Reply #41 on: September 10, 2018, 11:07:58 AM »
Correct me if I am wrong.. but I think this is the first time in history that UCLA is the #1 state school in California ahead of Berkeley. Rank #19. Wow. Go Bruins!
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Offline paydawg

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Re: Applying to UCLA in 1998 vs Applying to Georgia Tech in 2014
« Reply #42 on: September 10, 2018, 11:15:35 AM »
US News 2019 rankings just came out.

UCLA #19

Cal #22
USC #22 (tie)

UCLA is the highest ranked public school.  Your beloved Michigan is #27.

https://www.usnews.com/best-colleges/rankings/national-universities

man those UC schools...not bad

UCSB #30
UCI #33
UC Davis #38
Thanks in advance for the 'thanks'!!

Offline lnc

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Re: Applying to UCLA in 1998 vs Applying to Georgia Tech in 2014
« Reply #43 on: September 10, 2018, 12:48:46 PM »
Correct me if I am wrong.. but I think this is the first time in history that UCLA is the #1 state school in California ahead of Berkeley. Rank #19. Wow. Go Bruins!

Not just #1 public school in California, #1 public in the nation.  Go Bruins!!

Offline Kings

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Re: Applying to UCLA in 1998 vs Applying to Georgia Tech in 2014
« Reply #44 on: September 10, 2018, 02:43:49 PM »
I actually think college is the last overpriced bastion in the United States that has not been exposed to true competition.  That being said , until that changes , everyone is still better served by trying to get their kids into the best schools possible .

People underestimate how much geography and brand name recognition still matters , even if underlying quality may not be as good . The fact is best paying jobs in aggregate , are in West  and east coast and elite coastal schools will always have the upper hand in term of the higher echelon of jobs , esp those that rely on network . Many companies recruit locally and while some may have token recruiting programs for far off state universities , they are many often spillover efforts when they can’t source what they need locally . 

One of the asset management firms I work with as a client in downtown LA  , when they expanded into a new area, hired 2 mbas from UCLA . One was a campus type and the other came via a referral .  Now , could they have found a better candidate in Georgia . Possibly . But people only have so much bandwidth and time and when it comes down to it, for better or worse , familiarly bias and comfort zones take over .

It's all about name recognition.  Georgia Tech sounds like a regional school.  UCLA would too if it were called UC Los Angeles.

but it is called UC Los Angeles ??

 

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