Forbes is drinking the Wall Street Koolaid


By now everyone’s seen it. Let’s see if I can bring something new to the table beside my bitterness at frickin Holy Cross coming in before most of the ‘Cac #goodjoke. There was a girl from my town who was legit working as a stripper while enrolled in a parochial high school. Her mom finally put two and two together when she installed a pole in her bedroom. She snorted so much coke they basically had to declare a snow day when she walked into the room. Want to guess where she goes?

I’ll take 38 and some class #thankyouverymuch.

The rankings are based on five general categories: Post Graduate success (30%), which evaluates alumni pay and prominence, Student Satisfaction (27.5%), which includes professor evaluations and freshman to sophomore year retention rates, Debt (17.5%), which penalizes schools for high student debt loads and default rates, Four Year Graduation Rate (17.5%) and Competitive Awards (7.5%)

1. Williams
4. Amherst
20. Colby
32. Bates
35. Wesleyan
38. Bowdoin
39. Tufts
40. Middlebury
62. Connecticut College
71. Hamilton College
80. Trinity College

I reject this list. Here’s why:

It is operating on the assumption that a college experience is only as valuable as post- graduate success (measured in earnings and prominence?) However, some students go to a good college for the sake of having a great education. From there they may go on to be stay at home parents or work at a nonprofit. These low-salaried careers in no way diminish the value of their four years spent at an expensive school, nor are they any less prominent than say a CEO within their own sphere of influence.

Is money all that matters?

Besides, by mixing what are presumably current student satisfaction statistics with alumni success statistics the report groups two very different generations. Is this a current test or a retrospective? Furthermore, are schools being penalized for accepting more middle income students, the group most likely to incur debt? How rich were the students when they came into the school, and how did THAT affect their later earnings. Which schools are actually helping students to move up an income bracket? Because in my eyes a jump from poverty to the middle class owing to a ‘Cac education is a hell of a lot more valuable then someone who goes into Notre Dame rich fluffs around for four years and comes out (surprise!) still rich.

Oops sorry, this was supposed to be a funny post. Err, um, here’s a baluga:

 

P.S. This in no way should diminish Williams’ seat at #1

6 thoughts on “Forbes is drinking the Wall Street Koolaid

  1. reading this list makes me angry, thank you for the much-needed bitching-about-forbes session that otherwise (during the school year) would have taken place in every single dining hall in the cac (excpet Atwater, becasue I’m pretty sure that closed down..)

  2. Pingback: Green |

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