Saturday, January 15, 2005

Ivy League losing its cachet

A new paper by Wharton Prof Peter Cappelli, and discussed in Slashdot and Slate points out that the number of private college-educated CEOs in the Fortune 100 has dropped from 54% in 1980 to 42% in 2001.

Several speculations are made as to the reason: more money and public universities relative to the Ivies, changing corporate practices that value Ivy Leagues less, and more rich kids in top schools who don't care about work.

I think this is a long-term trend. The value of a Harvard or Stanford education is in long-term decline because the democratization of the Internet makes it easier to acquire the same education off-campus, whether through free classes like MIT's Open University, or more educators simply making their knowledge more accessible to communities on the web.

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