Salary – When Minimum is Greater Than Maximum

Photo: David D. Muir

Most people think the benefit of attending a top tier school is the ability to nab a high paying job – investment banking, consulting, CEO, etc. Sure those opportunities are great, but I am going to argue that the real advantage is the ability to pursue work that the individual finds interesting. Right now you are probably thinking – can’t anyone do that? Yes, but a top tier degree enables you to do it without worrying about money – you have a great degree to fall back on if things don’t work out. It’s not the maximum salary opportunities that matter, but rather the high minimum salary that can be expected with a degree from an elite university.

The focus of students at these schools is not merely passing versus failing – all the students admitted to top tier schools are capable of doing the work, in fact thousands of capable students are rejected every year. Keeping this in mind, these students are going to have a focus other than passing and failing: grades, social life, sports, clubs, job, girls, etc. I won’t go into what their focus should be in the post, only what they should do in the meantime – get a technical degree! Not all college diplomas are equal, even if they do come from the same school. Graduating with a technical degree will prove valuable later when it comes to your career.

Many college students make the mistake of choosing a major because it is easy and they will be able to get a higher GPA while working less. A technical major is much more important for job demand than GPA. In fact, leave GPA out of the consideration – after your first job, who cares? The answer is graduate schools, but that is not a job. Who is going to have a harder time quickly finding a job, someone with a aerospace engineering degree and a 3.1 GPA or someone with a classics degree and a 3.4 GPA? These majors may be harder but it is well worth a sacrifice of a couple tenths off your GPA in exchange for job demand.

Keep reading …