Below is the introduction from an interesting article on LinkedIn (follow the link at the end for the complete thing). Essentially, his thesis is that the most “elite” or “prestigious” colleges/universities cost so much that your entrepreneurial options after graduation are limited (in the title, “Harvard” is used figuratively to represent expensive schools). He recommends going to a cheaper school that you can more easily afford, so you don’t build up a crushing debt. (I’ll add that universities with paid internships or co-ops are a good way of minimizing debt too!). The article is well worth reading.
August 16, 2013
Fellow, Arthur & Toni Rembe Rock Center for Corporate Governance at Stanford University
My greatest disappointment after joining academia was to see my most promising students accept jobs at Goldman Sachs or McKinsey. Engineering students with ambitions to save the world would instead become financial analysts—who used their skills to “engineer” our financial system. Or they would take grunt jobs in management consulting—another waste of valuable talent.
Why would they sell their souls? Because they had no choice, the burden of debt they amassed while getting their degrees was just too great. They had six-figure student loans to repay and couldn’t take the risk of joining a startup or founding their own business.
…(click link below for the rest)