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I've noticed a lot of people saying that 100% of the value of going to an elite college is the brand. This isn't true. But the reason this number is so hard to get a fix on is that it varies enormously between students.
For a rich and well-connected kid who spends most of college partying or protesting, most of the value of attending an elite college is the brand. But for the child of immigrants for whom college is the introduction to the world of science, only a small fraction is.
As far as I can tell, it is three things: 1) Network 2) Credibility 3) Learning From the most important to the least.
I think your spot on^
Why so?
But the point of the exaggerated claim is to push back on the more prevalent one: that it’s 100% about learning something.
The brand/signal explanation has to be closer to the truth.
For me: 60% brand 40% peer
The brand comes 100% from the reputation created by peers, past and present.
Another benefit of going to an elite school is that it turns a decision problem into a competition problem: "if I just get into Harvard, I don't have to think about what to do for another 4 years". Same with places like @McKinsey.
"Optionality" thinking.
This is a really interesting point
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