Monday, 3 September 2012

August 31, 2012

Today in class we mainly just worked on our projects. My group found that you save millions of dollars by going to a state university rather than an ivy league school. Unfortunately we have to redo many of our calculations because instead of calculating the total cost for all four years, we only calculated the cost for one year. So, that is something we have to fix. Other than that, I think we understand how to do it, and I think we will get quite similar results.

I was reading this article which talks about if the costs of ivy leagues are worth it. It says that when Ivy League graduates go into the working world, they usually have more success because they stand out to recruiters and they get higher salaries. In the University, they also manage to get a lot of important contacts which could potentially be helpful in the future. However, it's not needed for success. Many of the most successful people didn't go to a prestigious school. I discussed this with my dad and he said that Ivy League schools are definitely worth it because you get a better salary and better opportunities, however he thinks that it isn't necessarily needed for success. He is a good example. Since he lived in communist Poland, he didn't have many choices on where to go so he went to an obscure university in Germany and studied computer sciences. Then, with the help of an organization, he was able to move to the Silicon Valley and start making something out of himself. He said he was able to become successful because of his motivation, not his college education.

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