This means that a school ranked #200 is still in the top 2.5% of the nation. Second, note that there are over 8,000 accredited undergraduate institutions in the US alone. She’s already proven her bonafides-she’ll do just as well in life by attending Penn State. So this doesn’t mean Penn State’s alumni on the whole are just as successful as Penn’s-only that the student who gets into both should feel no pressure to attend the higher-ranked institution. Crucially, the study limited its sample to students who were accepted at both elite and moderately selective schools. First, according to a study by economists Alan Krueger and Stacy Berg Dale (first conducted in 1999 and followed up in 2011), there is little to no difference in future earnings between those attending an “elite school” (ex: University of Pennsylvania or Williams College) and those attending a “moderately selective school” (ex: Penn State or Miami University of Ohio) after 20 years. At FindTheBest, we took a look at each major type of institution-undergraduate, business, medicine, and law-to see which rankings actually matter.īy now, many parents have begun to ascribe to the familiar advice: "a good college match is more important than a top rank”-and for good reason. While rankings are certainly helpful in a broad, directional sense, most of the obsession is groundless.with the exception of law school. So is all the hysteria warranted? Does a higher rank really guarantee better job prospects, higher salaries, and ultimately, a better life? The data says no…for the most part. For some, the mania continues after college, as future business, medical, and law students pore over graduate school rankings, matching their college GPAs to the averages reported by the nation’s so-called “top” schools. Many high school seniors choose to relocate 2,000 miles away (and in climates 40 degrees colder) just because the local college fell 10 spots lower in US News’ latest list. Families spend thousands on standardized test prep, then celebrate or despair based on the ranks of the institutions offering admission. Every year, students and parents across America obsess over education rankings.
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