As the father of two college grads, I find this disturbing

One of four lap dancers has a college degree. Kat and Sarah are currently in northern California, picking fruit, but I’m hopeful that’s temporary.

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33 responses to “As the father of two college grads, I find this disturbing

  1. Peg

    Chris, I just hope that one of your girls (or a grandchild) doesn’t have the opportunity to get a PhD. in Lapdancing.

    I mean – check out some of the studies at Harvard.

    http://wgs.fas.harvard.edu/icb/icb.do?keyword=k53419&tabgroupid=icb.tabgroup86306

    Ever think when you were in college that you could specialize in “Consuming Passions”? Or “Virgins, Vamps and Camp”?

    Oy.

  2. Retired IB'er

    I have come to the conclusion that it only makes sense to go to a non-state school (i.e. private colleges/universities) if you get into an absolute top notch school (think Harvard, Princeton, Stanford).

    The cost of these schools can be “justified” based upon graduating prospects. Anything else simply does not cost/benefit out compared to state college system.

    Higher education has gone the way of health care in this country with out of control YOY increases. Can’t continue and so therefore I assume it won’t…

  3. The Duke of Deception

    The Duke hopes this Dude is right as it will save him a trip to his exclusive summer retreat to get the g*dd*mn boat out of the water.

  4. Anthony Fountain

    Seems to me you picked tomatoes after college, temporarily, in Crete.

  5. SouthernDiscomfort

    At least good looking college grads have a plan B, if that degree doesn’t yield any decent corporate jobs.

  6. Priapus

    A father only has one job to do, keep your daughter off the pole.
    – Chris Rock

  7. cos cobber

    I couldn’t agree more with
    retired IB’er on colleges. Either go great or go great-state.

  8. Kidding??

    “Dad, I’m ‘picking fruit’ in Northern California”

    Wake up Chris – this sounds bad

  9. EOS

    We have a ton of friends whose kids went to the top-tier colleges –bright in the book learning sense to get in, but honestly, most of them are boring, unable to even THINK of doing something like picking fruit. So many of them have “dull eyes”, no spark, just robotic drive to be the next hedge fund titan. Give me a thousand Kat’s and Sarah’s over one iDrone. Can you ask the girls to bring home one good peach – they’ve been awful around here.

  10. EOS, my girls are happy, living in a huge tent I bought them, and having fun. They both worked hard in college, grew up smart and educated, and I’m delighted that they’re enjoying each other’s company and their time. I might be disappointed if they’re still in that tent three years from now but I doubt they will.

  11. Anonymous

    The value of a university education has shifted dramatically in the last five years and will continue to so. The gap in quality between private and public universities has increased dramatically in the last two years as large cuts in state budgets have increased student to faculty ratios, cut curriculum choices and, not well understood yet, created an exodus of top professors from state to private universities.
    Within the top universities there is also marked shift in applications by the brightest students to large urban research based universities that both offer extensive study abroad programs and have large populations of international students.
    The smartest high school seniors are choosing to get exposure to the global resources and international students at these institutions (e.g. NYU, USC, BU, Columbia) because at some level they and their parents and advisors understand that the dominant economies and culture in their lifetimes will be China and India.

  12. Jimbo

    I’m afraid Anon 9:26 has it all wrong.

    “The gap in quality between private and public universities has increased dramatically” is a lot of BS. The “quality” is very hard to measure and in any event doesn’t matter much. The schools are now increasingly what you make of them with your initiative and energy. You’ll do better in life because your professor has slightly more impressive credentials than the next guy’s professor?

    Student-to-faculty ratios also don’t matter much, and most cuts in curriculum choices are good things, eliminating frivolous and irrelevant courses.

    Also this idea that you have to “get exposure to the global resources and international students” in order to be successful in the future against China and India is BS. By all means go on overseas study trips, but do it for fun and because any new experience keeps your mind and attitude lively. But what will help us against China and India will be aggressive America-first leadership, not leftist-led elites getting starry eyed over foreign cultures.

  13. Anonymous

    yes to what jimbo said.

    as a company, are we more likely to hire the math, science, engineering grad from U of Texas, UNC, UVA, than the Harvard grad with a “degree” in “Women, Gender, and Sexuality?”

    yes.

    that Harvard resume will be in the trash right away and whoever forwarded the resume will be told not to bother us with that garbage ever again.

    • As a company, are we more likely to hire the math, science, engineering grad from U of Texas, UNC, UVA, than the Harvard grad with a “degree” in “Women, Gender, and Sexuality?”

      So what are here in Connecticut, chopped liver? I received an excellent legal education at UConn (or at least, I was offered one) and the main university has really made some great strides – one of John Rowlands few accomplishments. They have some kind of honors program there, offered only to a highly selective pool of applicants, that I’m told is phenomenal. Of course, if those kids are then steered into women’s studies, it’s all for naught.

  14. Anonymous

    CF, did not mean to slight the many fine state institutions of higher learning. the UConn grad with a degree in math, science, or engineering, heck even law, would get consideration. the Harvard grad with the aforementioned degree, nada.

  15. Greenwich Gal

    Jimbo is on the money. And Anon is a fool. Mr. Greenwich Gal – runs a significant financial concern in NYC – prefers to hire the best and brightest from regional powerhouses – UVA, UNC, Cal, etc. etc. He has had many disappointments from the Ivy kids with their focus on academic boondoggelry instead of the basics.

  16. Old School Grump

    Good for your girls, CF. Too many kids come out of college with blinders on, seeking nothing but a “really good job,” as if college were just high-class vo-tech. Your daughters’ willingness to seek experiences far outside their normal realm, and to mix it up with people far outside their normal realm, will serve them well in the job-seeking process, as well as life in general.

  17. Anonymous

    I have been in the business of hiring grads into major investment banks and leading corporations for many years. We stopped hiring the “best college” years ago and focused on hiring the “best person” instead. Going to the “best college” is a northeastern issue, frankly. When you focus on the person, you can hire anyone from anywhere. I will hire a smart,motivated, hard working, great valued person any day without giving consideration to the college or university.

  18. greenmtnpunter

    Those so-called top tier Ivy grads expect the old boys/old girls network to do it all for them. The so-called “know nothing” education behind them is now being exposed as a sham. Sooner or later the chickens always come home to roost.

    Many employers have wised up unless they have a cadre of these know-nothing Ivies burrowed into their ranks and they continue to hire their own. This point, and many others related, is detailed in the brilliant piece by the B.U. prof in American Spectator on the elitest class system which has emerged in this country.

  19. the other Anonymous

    the old boy/girl network of the Ivies has been diluted and polluted by majors at Harvard like W,S, & G, and honestly by affirmative action.

    Princeton Sociology Professor Thomas Espenshade and Chang Chung did a study on the opportunity cost of affirmative action. Adjusted for family, athletics, etc. Asians need an SAT 1600 to get into Princeton, Whites a 1440, and African Americans and Hispanics 1150. (On the old SAT scale where 1600 is the top score possible.) Without the racist bias, the populations of admitted African Americans and Hispanics would fall by over half. 1150 is not meaningfully above average.

    Here’s one of the links to the Espenshade study; there are others.

    http://www.dailyprincetonian.com/2006/11/13/16544/

  20. Greenwich Gal

    I agree greenmtn. There is also one thing that concerns me greatly and that is the non-intellectual diversity of our nation’s highest court – everyone a graduate of Yale or Harvard. There are just as many great minds in our great public institutions and just as many great minds outside of the Ivy system and the NorthEast. It is a shame.

  21. EOS

    I’d like to believe those of you who hire when you say you pick the “best person” but I’m a bit of a skeptic. All the kids I know who work in top financial firms came from Ivy. I see alot of the first year employees picked from ‘regional powerhouses’ but they aren’t the ones who, two years later when the REAL selection process begins, get picked out of Goldman for the hedge fund jobs or the PE positions. I hope I am wrong…but that’s what I see with our children’s friends.

  22. Retired IB'er

    In my day on the Street at a bulge bracket firm we did virtually all our hiring at the top business schools (Harvard, Chicago, Stanford, Wharton).

    Why did we go there… because it was easier. The Business Schools at already had done the first cut. We could then pick from the top of an already preselected group.

    Could we find an equally qualified candidate out of lesser schools? Sure, but it wasn’t worth the effort. Can’t imagine that has changed at all…

  23. burning fred

    there are many ways to look at this equation, but the bottom line is; Competition.

    Most 4 yr, top tier students, from top tier schools, go onto graduate schools. If they continue earning high 3′/4.0 they will ‘All be recruited by potential employers.

    The cream always rises to the top and no matter how you look at it, all the rest are homogenized.

    No Supreme Court, Brooklyn law JD’s?

  24. burning fred

    are the kids in humboldt, pickin buds?

  25. out looking in

    Right again IB’er. It saves a lot of time and money.
    Jimbo has osme things right, but what will help us against Chindia is another twenty years of US real wages dropping and Chiindia incomes rising. Then we can build THEIR boats and THEIR cars with US labor. Made in America Part Deux…

  26. Anonymous

    EOS and Retired IB’er,
    Undergrad and Grad schools are different. IB’er, in your day, it was “easier” to go local (northeast/Ivy), but today it is not. International students comprise a huge % of the graduate school population and many firms will not and cannot hire those who do not have work permits here in the US. And yes, there are many Ivy business school students who are textbook smart, but our experience has been, in general, that they come with attitudes of entitlement. No thanks. And EOS, for undergraduates who choose to go through the IB 2-3 year program, many do come from northeastern schools, as well as elsewhere. Unfortunately, after the 2-3 years of hell that they are put through, many of the northeastern school kids choose to stay or are picked off by hedge funds…..because the kids with any sense and with values, leave for more worthy, balanced lives. I am not sure that the ones who chose to stay are the “best”…..in my experience.

  27. Cos Cobber

    If you are running a high margin, top tier financial firm, the hiring is still largely limited to the ivies and top small liberals arts schools. For second tier firms and niche financial businesses, forget the ivies and go with the best candidate provided they attended a decent school, graduated with top grades and they demonstrate both eagerness and teach-ability.

    My experience is that the ivy kids are high maintenance. They have super high expectations about compensation and responsibility. They also like a more defined career path. Small firms provide plenty of hands on responsibility, but sometimes it’s with less glory. Moreover, a career path with stepping stones is less obvious at a small shop as you are either at the bottom or at the top.

    Circling back, there are a lot of non-ivy kids making big money in finance these days. Typically they get there by working through the second tier firms where the money is surprisingly good, but overlooked by kids from the elite schools who want something more elite and with more vanity and a chance for even bigger riches.

  28. Greenwich Gal

    Burning Fred – No, I can’t imagine any Brooklyn Law Supreme Court nominees but why not Duke, Stanford, Michigan, U of Chicago, Emory, UVA, UNC, Rice, Cal – aren’t these schools “acceptable” institutions of higher learning? Really? We can only choose our court from two schools?
    Our Supreme Court has a very liberal Northeastern slant – and I find it problematic.
    Meanwhile – don’t discount one of the reasons you see many Ivy kids in great jobs; Connections, Connections. Just as in real life, sometimes talent is the least of it and money and payback is.

  29. burning fred

    sometimes