A question I've been thinking about for a while is whether or not certain industries care more about undergraduate degree prestige than others. People I know seem to think that it matters a lot in some sectors (consulting, finance) and less in others (tech).
I tried to get some data on this by identifying the most prestigious companies in a bunch of industries (for the most part, I used the top five) via the Vault.com rankings. I then used LinkedIn data to see what proportion of their employees had an undergraduate degree from an "Ivy-Plus" school (Ivy League + MIT, Stanford, Duke, and UChicago). The rankings for the industries I looked at are below:
| Industry | Ivy-Plus Percentage |
|---|---|
| Law | 11.8 |
| Management Consulting | 10.4 |
| Internet/Social Media | 6.4 |
| Political Lobbying | 5.3 |
| Banking | 4.9 |
| Entertainment | 1.2 |
| Accounting | 0.8 |
| Advertising | 0.8 |
You can see more explanation and a breakdown by individual firm here.
This is of course pretty far from a randomized experiment, but I think it's really interesting that there are such big differences between pretty similar fields (ie. Big Three consulting and Big Four accounting). I was also really surprised to see how high tech was, given that Silicon Valley is thought of as being anti-credential.
Does this seem to match up with your perception? Where would other industries fall on this list? LinkedIn data isn't as easy to get for academia, but I suspect it is even more biased towards traditionally prestigious schools.
Submitted April 23, 2021 at 08:02AM by eastwind-404 https://ift.tt/3tPt68a
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