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solipsist comments on Why are Harvard's alumni so wealthy? - Less Wrong
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Harvard isn't just an undergraduate program. It has the first or second ranked undergraduate, law, business, public policy, economics, and medical school -- attend any of those, and you can get on this list.
Also Harvard's hegemony on this list is less of a reflection of its current position than its position decades ago, when the world's rich (who disproportionally are at the end of their careers) were educated.
I was just going to say that! Harvard Business School and Harvard Law School are far more famous than a lot of similar institutions, and I've heard that the most famous (and well-paying) consulting and law firms tend to recruit heavily from them. "He went to Harvard Business School" is a pretty good answer to "Why should we pay a consulting firm a fortune to send us a young kid with no experience to tell us how to run our company?"
Thanks! Your first observation is a very important one that hadn't occurred to me – I assumed that it was the undergraduate program that was being discussed. Are you sure that your interpretation is right (e.g. based on reading the original paper) or is it just a best guess?
Right, this makes sense
It is a guess based on this line:
George Bush went to Yale for undergrad. He went to Harvard for his Master's in Business Administration.
Good point, thanks.