Why is it that graduates from Ivy League schools get higher pay in multinational companies than the others?

Answer 1

They don't get higher pay than people in the same job at the same company. However, they are more likely to be able to get good jobs -- because they tend to have a better education.

Companies like Goldman Sachs only recruit at a few schools. They hire from Ivy League B-Schools -- but they also hire from places like Berkeley and Duke. They pay them all the same. They might hire someone who went to a school like University of South Carolina -- but they don't go there to recruit. However, if they did hire that person, he would get the same pay as other people in the analysts program.

Answer 2

Prestige of the program is the reasoning. Harvard or Yale get noticed. But this is also where the elite go. And the elite are connected to others in the elite. And those individuals went to Harvard and Yale as well. And they like to bring in young alumni or their schools. And they feel that their schools are the best. And it is hard to argue against it. These schools get the most resources and have students that have come from affluence and better learning throughout their lives. But you still get people coming out of the state schools that do very well and compete well with these guys. But they don't get the same breaks unfortunately. Not necessarily fair, but it is reality. The key is to determine how you can be successful understanding that reality.

Answer 3

In some companies, they put a high value on an Ivy League education. For instance, when my dad interviewed at Yahoo, the people there were making fun of a woman who "only" went to UCLA. It's really just snobbery.

But in the vast majority of companies, it doesn't matter where you went to school. Salaries, on average, have no relation to what college you went to after a couple years.

Answer 4

because they have a higher education. When you have good degrees, you get paid more.