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Re: Disadvantages of an Ivy school MBA -
30-07-2008, 10:46 AM
At the heart of the American obsession with the Ivy League is the belief that schools like Harvard provide the social and intellectual equivalent of Marine Corps basic training—that being taught by all those brilliant professors and meeting all those other motivated students and getting a degree with that powerful name on it will confer advantages that no local state university can provide. Fuelling the treatment-effect idea are studies showing that if you take two students with the same S.A.T. scores and grades, one of whom goes to a school like Harvard and one of whom goes to a less selective college, the Ivy Leaguer will make far more money ten or twenty years down the road.
The extraordinary emphasis the Ivy League places on admissions policies, though, makes it seem more like a modelling agency than like the Marine Corps, and, sure enough, the studies based on those two apparently equivalent students turn out to be flawed. How do we know that two students who have the same S.A.T. scores and grades really are equivalent? It’s quite possible that the student who goes to Harvard is more ambitious and energetic and personable than the student who wasn’t let in, and that those same intangibles are what account for his better career success. To assess the effect of the Ivies, it makes more sense to compare the student who got into a top school with the student who got into that same school but chose to go to a less selective one. Three years ago, the economists Alan Krueger and Stacy Dale published just such a study. And they found that when you compare apples and apples the income bonus from selective schools disappears.
“As a hypothetical example, take the University of Pennsylvania and Penn State, which are two schools a lot of students choose between,” Krueger said. “One is Ivy, one is a state school. Penn is much more highly selective. If you compare the students who go to those two schools, the ones who go to Penn have higher incomes. But let’s look at those who got into both types of schools, some of whom chose Penn and some of whom chose Penn State. Within that set it doesn’t seem to matter whether you go to the more selective school. Now, you would think that the more ambitious student is the one who would choose to go to Penn, and the ones choosing to go to Penn State might be a little less confident in their abilities or have a little lower family income, and both of those factors would point to people doing worse later on. But they don’t.”
Krueger says that there is one exception to this. Students from the very lowest economic strata do seem to benefit from going to an Ivy. For most students, though, the general rule seems to be that if you are a hardworking and intelligent person you’ll end up doing well regardless of where you went to school. You’ll make good contacts at Penn. But Penn State is big enough and diverse enough that you can make good contacts there, too. Having Penn on your résumé opens doors. But if you were good enough to get into Penn you’re good enough that those doors will open for you anyway. “I can see why families are really concerned about this,” Krueger went on. “The average graduate from a top school is making nearly a hundred and twenty thousand dollars a year, the average graduate from a moderately selective school is making ninety thousand dollars. That’s an enormous difference, and I can see why parents would fight to get their kids into the better school. But I think they are just assigning to the school a lot of what the student is bringing with him to the school.”
Bender was succeeded as the dean of admissions at Harvard by Fred Glimp, who, Karabel tells us, had a particular concern with academic underperformers. “Any class, no matter how able, will always have a bottom quarter,” Glimp once wrote. “What are the effects of the psychology of feeling average, even in a very able group? Are there identifiable types with the psychological or what-not tolerance to be ‘happy’ or to make the most of education while in the bottom quarter?” Glimp thought it was critical that the students who populated the lower rungs of every Harvard class weren’t so driven and ambitious that they would be disturbed by their status. “Thus the renowned (some would say notorious) Harvard admission practice known as the ‘happy-bottom-quarter’ policy was born,” Karabel writes.
It’s unclear whether or not Glimp found any students who fit that particular description. (He wondered, in a marvellously honest moment, whether the answer was “Harvard sons.”) But Glimp had the realism of the modelling scout. Glimp believed implicitly what Krueger and Dale later confirmed: that the character and performance of an academic class is determined, to a significant extent, at the point of admission; that if you want to graduate winners you have to admit winners; that if you want the bottom quarter of your class to succeed you have to find people capable of succeeding in the bottom quarter. Karabel is quite right, then, to see the events of the nineteen-twenties as the defining moment of the modern Ivy League. You are whom you admit in the élite-education business, and when Harvard changed whom it admitted, it changed Harvard. Was that change for the better or for the worse?
In the wake of the Jewish crisis, Harvard, Yale, and Princeton chose to adopt what might be called the “best graduates” approach to admissions. France’s École Normale Supérieure, Japan’s University of Tokyo, and most of the world’s other élite schools define their task as looking for the best students—that is, the applicants who will have the greatest academic success during their time in college. The Ivy League schools justified their emphasis on character and personality, however, by arguing that they were searching for the students who would have the greatest success after college. They were looking for leaders, and leadership, the officials of the Ivy League believed, was not a simple matter of academic brilliance. “Should our goal be to select a student body with the highest possible proportions of high-ranking students, or should it be to select, within a reasonably high range of academic ability, a student body with a certain variety of talents, qualities, attitudes, and backgrounds?” Wilbur Bender asked. To him, the answer was obvious. If you let in only the brilliant, then you produced bookworms and bench scientists: you ended up as socially irrelevant as the University of Chicago (an institution Harvard officials looked upon and shuddered). “Above a reasonably good level of mental ability, above that indicated by a 550-600 level of S.A.T. score,” Bender went on, “the only thing that matters in terms of future impact on, or contribution to, society is the degree of personal inner force an individual has.”
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Re: Disadvantages of an Ivy school MBA -
30-07-2008, 10:48 AM
It’s easy to find fault with the best-graduates approach. We tend to think that intellectual achievement is the fairest and highest standard of merit. The Ivy League process, quite apart from its dubious origins, seems subjective and opaque. Why should personality and athletic ability matter so much? The notion that “the ability to throw, kick, or hit a ball is a legitimate criterion in determining who should be admitted to our greatest research universities,” Karabel writes, is “a proposition that would be considered laughable in most of the world’s countries.” At the same time that Harvard was constructing its byzantine admissions system, Hunter College Elementary School, in New York, required simply that applicants take an exam, and if they scored in the top fifty they got in. It’s hard to imagine a more objective and transparent procedure.
But what did Hunter achieve with that best-students model? In the nineteen-eighties, a handful of educational researchers surveyed the students who attended the elementary school between 1948 and 1960. [The results were published in 1993 as “Genius Revisited: High IQ Children Grown Up,” by Rena Subotnik, Lee Kassan, Ellen Summers, and Alan Wasser.] This was a group with an average I.Q. of 157—three and a half standard deviations above the mean—who had been given what, by any measure, was one of the finest classroom experiences in the world. As graduates, though, they weren’t nearly as distinguished as they were expected to be. “Although most of our study participants are successful and fairly content with their lives and accomplishments,” the authors conclude, “there are no superstars . . . and only one or two familiar names.” The researchers spend a great deal of time trying to figure out why Hunter graduates are so disappointing, and end up sounding very much like Wilbur Bender. Being a smart child isn’t a terribly good predictor of success in later life, they conclude. “Non-intellective” factors—like motivation and social skills—probably matter more. Perhaps, the study suggests, “after noting the sacrifices involved in trying for national or world-class leadership in a field, H.C.E.S. graduates decided that the intelligent thing to do was to choose relatively happy and successful lives.” It is a wonderful thing, of course, for a school to turn out lots of relatively happy and successful graduates. But Harvard didn’t want lots of relatively happy and successful graduates. It wanted superstars, and Bender and his colleagues recognized that if this is your goal a best-students model isn’t enough.
Most élite law schools, to cite another example, follow a best-students model. That’s why they rely so heavily on the L.S.A.T. Yet there’s no reason to believe that a person’s L.S.A.T. scores have much relation to how good a lawyer he will be. In a recent research project funded by the Law School Admission Council, the Berkeley researchers Sheldon Zedeck and Marjorie Shultz identified twenty-six “competencies” that they think effective lawyering demands—among them practical judgment, passion and engagement, legal-research skills, questioning and interviewing skills, negotiation skills, stress management, and so on—and the L.S.A.T. picks up only a handful of them. A law school that wants to select the best possible lawyers has to use a very different admissions process from a law school that wants to select the best possible law students. And wouldn’t we prefer that at least some law schools try to select good lawyers instead of good law students?
from the issuecartoon banke-mail thisThis search for good lawyers, furthermore, is necessarily going to be subjective, because things like passion and engagement can’t be measured as precisely as academic proficiency. Subjectivity in the admissions process is not just an occasion for discrimination; it is also, in better times, the only means available for giving us the social outcome we want. The first black captain of the Yale football team was a man named Levi Jackson, who graduated in 1950. Jackson was a hugely popular figure on campus. He went on to be a top executive at Ford, and is credited with persuading the company to hire thousands of African-Americans after the 1967 riots. When Jackson was tapped for the exclusive secret society Skull and Bones, he joked, “If my name had been reversed, I never would have made it.” He had a point. The strategy of discretion that Yale had once used to exclude Jews was soon being used to include people like Levi Jackson.
In the 2001 book “The Game of Life,” James L. Shulman and William Bowen (a former president of Princeton) conducted an enormous statistical analysis on an issue that has become one of the most contentious in admissions: the special preferences given to recruited athletes at selective universities. Athletes, Shulman and Bowen demonstrate, have a large and growing advantage in admission over everyone else. At the same time, they have markedly lower G.P.A.s and S.A.T. scores than their peers. Over the past twenty years, their class rankings have steadily dropped, and they tend to segregate themselves in an “athletic culture” different from the culture of the rest of the college. Shulman and Bowen think the preference given to athletes by the Ivy League is shameful.
Halfway through the book, however, Shulman and Bowen present what they call a “surprising” finding. Male athletes, despite their lower S.A.T. scores and grades, and despite the fact that many of them are members of minorities and come from lower socioeconomic backgrounds than other students, turn out to earn a lot more than their peers. Apparently, athletes are far more likely to go into the high-paying financial-services sector, where they succeed because of their personality and psychological makeup. In what can only be described as a textbook example of burying the lead, Bowen and Shulman write:
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Re: Disadvantages of an Ivy school MBA -
30-07-2008, 10:49 AM
One of these characteristics can be thought of as drive—a strong desire to succeed and unswerving determination to reach a goal, whether it be winning the next game or closing a sale. Similarly, athletes tend to be more energetic than the average person, which translates into an ability to work hard over long periods of time—to meet, for example, the workload demands placed on young people by an investment bank in the throes of analyzing a transaction. In addition, athletes are more likely than others to be highly competitive, gregarious and confident of their ability to work well in groups (on teams).
Shulman and Bowen would like to argue that the attitudes of selective colleges toward athletes are a perversion of the ideals of American élite education, but that’s because they misrepresent the actual ideals of American élite education. The Ivy League is perfectly happy to accept, among others, the kind of student who makes a lot of money after graduation. As the old saying goes, the definition of a well-rounded Yale graduate is someone who can roll all the way from New Haven to Wall Street.
I once had a conversation with someone who worked for an advertising agency that represented one of the big luxury automobile brands. He said that he was worried that his client’s new lower-priced line was being bought disproportionately by black women. He insisted that he did not mean this in a racist way. It was just a fact, he said. Black women would destroy the brand’s cachet. It was his job to protect his client from the attentions of the socially undesirable.
This is, in no small part, what Ivy League admissions directors do. They are in the luxury-brand-management business, and “The Chosen,” in the end, is a testament to just how well the brand managers in Cambridge, New Haven, and Princeton have done their job in the past seventy-five years. In the nineteentwenties, when Harvard tried to figure out how many Jews they had on campus, the admissions office scoured student records and assigned each suspected Jew the designation j1 (for someone who was “conclusively Jewish”), j2 (where the “preponderance of evidence” pointed to Jewishness), or j3 (where Jewishness was a “possibility”). In the branding world, this is called customer segmentation. In the Second World War, as Yale faced plummeting enrollment and revenues, it continued to turn down qualified Jewish applicants. As Karabel writes, “In the language of sociology, Yale judged its symbolic capital to be even more precious than its economic capital.” No good brand manager would sacrifice reputation for short-term gain. The admissions directors at Harvard have always, similarly, been diligent about rewarding the children of graduates, or, as they are quaintly called, “legacies.” In the 1985-92 period, for instance, Harvard admitted children of alumni at a rate more than twice that of non-athlete, non-legacy applicants, despite the fact that, on virtually every one of the school’s magical ratings scales, legacies significantly lagged behind their peers. Karabel calls the practice “unmeritocratic at best and profoundly corrupt at worst,” but rewarding customer loyalty is what luxury brands do. Harvard wants good graduates, and part of their definition of a good graduate is someone who is a generous and loyal alumnus. And if you want generous and loyal alumni you have to reward them. Aren’t the tremendous resources provided to Harvard by its alumni part of the reason so many people want to go to Harvard in the first place? The endless battle over admissions in the United States proceeds on the assumption that some great moral principle is at stake in the matter of whom schools like Harvard choose to let in—that those who are denied admission by the whims of the admissions office have somehow been harmed. If you are sick and a hospital shuts its doors to you, you are harmed. But a selective school is not a hospital, and those it turns away are not sick. Élite schools, like any luxury brand, are an aesthetic experience—an exquisitely constructed fantasy of what it means to belong to an élite —and they have always been mindful of what must be done to maintain that experience.
In the nineteen-eighties, when Harvard was accused of enforcing a secret quota on Asian admissions, its defense was that once you adjusted for the preferences given to the children of alumni and for the preferences given to athletes, Asians really weren’t being discriminated against. But you could sense Harvard’s exasperation that the issue was being raised at all. If Harvard had too many Asians, it wouldn’t be Harvard, just as Harvard wouldn’t be Harvard with too many Jews or pansies or parlor pinks or shy types or short people with big ears.
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Re: Disadvantages of an Ivy school MBA -
30-07-2008, 07:15 PM
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Originally Posted by The Raven
I agree with Apurv that it depends on the individual but I feel Ivy leagues represent something different and IIMs something different and it would be fatal to go the way of ivy league especially in the selection procedure. With 4 years IT expereince, I wanted to do a MBA with another 1 year to plan for the same. I had options of either writing GMAT and trying for ISB or a foriegn B School or write CAT. To me CAT appeared a much more fairer selection system than the other institutes which are modelled on the ivy league system. I will structure my thoughts and present my arguments here when I have more.
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I agree on the selection part. My reasons though are that in the Indian situation the employability barrier is higher than in the US and thus courses like MBA have to be potentially open to everyone rather than a select few. I don't think in India the larger population has the luxury to take risks and build profiles on which entire selection procedures can be based. If you ask for essays and recommendation letters from people, you are limiting education to people who had the opportunity to do different things in life because they were particularly risk taking, or had heavier silver spoons. That's the kind of luxury we'll enjoy maybe a few decades later, if we manage to be what is commonly called 'a developed nation'. Of course by then, the education industry would be looking entirely different.
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Re: Disadvantages of an Ivy school MBA -
30-07-2008, 07:48 PM
i find the iim selection procedure pathetic which takes people without experience...
people cracking CAT with lil prep may be mathematically geniuses but poor on soft skills...
phoren mba people with quality workex r choosen who have experince and have proved them ........
a good manager doesnt need to crack 99.5 in cat
atleast in phoren mba people with 650 gmat have a chance in india IIM just dont call people below 99(some eceptions r there).........
also indian mba system is totally lopsided towards btechs which is also not good ....
and the reason is that really talenetd CA,CS dont make it to IIM just coz they dint get 99.5 in cat due to quants etc while a iit guy could though the reality is CA can do much better after mba(fn) from a iim..
things need to change in iim selection we need profile based calls this 99+ cutoff is totally crap.
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Re: Disadvantages of an Ivy school MBA -
31-07-2008, 12:14 PM
Quote:
Originally Posted by Apurv
I agree on the selection part. My reasons though are that in the Indian situation the employability barrier is higher than in the US and thus courses like MBA have to be potentially open to everyone rather than a select few. I don't think in India the larger population has the luxury to take risks and build profiles on which entire selection procedures can be based. If you ask for essays and recommendation letters from people, you are limiting education to people who had the opportunity to do different things in life because they were particularly risk taking, or had heavier silver spoons. That's the kind of luxury we'll enjoy maybe a few decades later, if we manage to be what is commonly called 'a developed nation'. Of course by then, the education industry would be looking entirely different.
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Spot on. I could not have put it better. Saved me the throuble of putting my thoughts together.
In India we have these high IQ individuals who have been pushed into engineering and then into IT jobs due to Indian social pressures, but wants to do something different and seeks a MBA which will open the oppurtunities to do something different. As long as this market exists, we need IIMs with the current selection process to cater to them. Corporates also know this fully well when hiring from IIMs.
So as Apoorv says, unless the social conditions change to encourage intelligent people to enter all fields in equal numbers, changing the IIM selection system alone would lead to some really good people with different profiles but also lot of mediocre people who get into MBA for the only reason that their profile is different.
I am happy to know people at PG have a good understanding of the situation. I started this thread mainly because it pained me to see so many posts from people complaining that IIM selection system is pathetic etc. I felt they were not being fair to the system. With 4 years of IT expereince and a belief that I could do much more than the constraints of a IT job, the IIM selection was the one that offered me the best chance to pursue my dreams without lying or exggerating my meager achievements in various spheres and going and finding other people to do the same for me. So I felt duty bound to defend the system.
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