The making of America's Ivy League elite | Inside Goldman Sachs' coveted summer internship for aspiring investment bankers, where there's no such thing as 'busy work.' | Colleges Spend Like There's No Tomorrow. 'These Places Are Just Devouring Money.'

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You Might Like � � � You Might Like � � � � � � � � � Don't like ads? Go ad-free with TradeBriefs Premium The making of America's Ivy League elite - The Economist    THE RULING by America’s Supreme Court in June that in effect banned universities from using racial preferences in admissions sparked two lively debates. Although the better publicised argument was over whether the decision represented an advance or a setback for equality of opportunity, perhaps the more interesting one focused on whether the admissions decisions of a handful of selective institutions deserved so much attention to begin with. Just 6% of American undergraduates attend colleges that accept less than a quarter of their applicants, leaving the vast majority unaffected. Moreover, most academic analyses of the socioeconomic impact of a bachelor’s degree from highly selective colleges have failed to quantify just what it is that they add. Although these universities’ alumni do have unusually high incomes after leaving college, they also had unusually strong high-school qualifications before they went. One study, by Stacy Dale and Alan Krueger of Princeton, found that those who attend higher-ranked universities do not, on average, wind up earning more money than do those who go to lower-ranked ones. This suggests that the likes of Harvard and Yale do not actually improve their students’ earning prospects, but instead admit bright, ambitious applicants who are destined for success regardless of which college they attend. Continued here Inside Goldman Sachs' coveted summer internship for aspiring investment bankers, where there's no such thing as 'busy work.' - Business Insider    As India Stephenson prepared for her first day as an intern at Goldman Sachs this summer, she did what many college students might to assuage their nerves.  "I said, 'I'm so nervous. I don't know if I'm gonna be able to do this,'" Stephenson told Insider about the conversation that took place the night before she began a nine-week stint working for Goldman's esteemed investment bank.  India, a rising senior at Princeton and a member of the university's squash team, isn't new to prestigious environments or competitive tasks. But as a politics major, she'd spent her college career writing essays, not formatting financial models. Continued here You Might Like � � � � � � � � � Colleges Spend Like There's No Tomorrow. 'These Places Are Just Devouring Money.' - WSJ    The nation's best-known public universities have been on an unfettered spending spree. Over the past two decades, they erected new skylines comprising snazzy academic buildings and dorms. They poured money into big-time sports programs and hired layers of administrators. The nation's best-known public universities have been on an unfettered spending spree. Over the past two decades, they erected new skylines comprising snazzy academic buildings and dorms. They poured money into big-time sports programs and hired layers of administrators. The University of Kentucky upgraded its campus to the tune of $805,000 a day for more than a decade. Its freshmen, who come from one of America's poorest states, paid an average $18,693 to attend in 2021-22. Continued here

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