Wednesday, January 12, 2005

Who needs an Ivy-League degeree anyway?

There are some interesting facts regarding Ivy-League degrees in this article on Slate:

. . . a recent paper by Peter Cappelli and Monika Hamori, both of the University of Pennsylvania, suggests that the prestigious degrees aren't as valuable at America's largest corporations as they were a generation ago.

Cappelli and Hamori compared the resumes of the top 10 executives at Fortune 100 companies (”the 100 largest companies by revenue in the United States”) in both 1980 and 2001. These were so-called "c-level posts(”CEO, chief operating officer, chief financial officer, chief technology officer”) plus division heads and senior vice presidents.

Between 1980 and 2001, the percentage of top executives whose undergraduate degrees came from Ivy League schools fell by nearly a third from 14 percent to 10 percent.

There's lots more to see at the article and through the paper link above.  Pay careful attention to some of the cases being made for the numbers being what they are in the Slate article.

I do have to say that it is refreshing to be able to feel that you can still succeed and rise to high levels in corporations without an Ivy-League degree.

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