Note that my post stated,
“Williams, Pomona, and Claremont were mentioned in the original post, so I’ll assume more selective LACs like this, which are typically the focus of the forum – ones that emphasize liberal arts majors, and have limited engineering offerings.”
I did not forget Mudd. I instead emphasized LACs that are more similar to the ones mentioned in the original post and stated my reasons for doing so.
Specific percentages are below from the NYT study. I am using 2015 dollars rather than taking the time to inflation adjust, so numbers are lower than my earlier post
H – $169k median
Y – $193k median
P – $186k median
S – $167k median
M – $135k median
Comparing to the LACs that were mentioned in the original post of this thread, the 3 mentioned in the original post have a slightly higher average or median than HYPSM, although there are plenty of other LACs with far higher median incomes than HYPSM, such as Colgate with a $270k median. As stated in my earlier post, most of the colleges with the highest median incomes are LACs. That said, yes HYPSM and other elite privates have a large number of students from wealthy families, not just LACs.
Williams – $186k median
Claremont McKenna – $201k median
Pomona – $167k median
That was largely my point. Family income is not the only contributing factor to why some students choose do not target a high paying vocationally focused field, which relates to why there are correlations with personality and interests.
No assumption and no statement along those lines. Elite students who are targeting money are more likely to pursue tech in Silicon Valley, investment banking on Wall Street, a vocationally focused professional degree, and so on… not spending many years of additional school pursuing a PhD. If you are looking for the highest financial return, you generally don’t pursue a PhD, but that doesn’t mean a PhD is a ticket to poverty.
I quoted the same study in my previous post before reading your post. You are referencing a survey given to faculty at LACs. ~10% of faculty at LACs said they knew they were attending grad school while in HS – very few for both those who attended undergrad at research colleges and those who attended undergrad at LACs. Most people don’t “know” they are going to attend grad school while in HS. Instead it’s more something they are considering or more a general interest in research/learning that increases in college. This alone is enough to avoid drawing conclusions, without even considering that the faculty likely attended undergrad several decades ago, the small and biased sample size, asked about grad school rather than PhD, etc.
The “produce” wording is a direct quote from the link – “This infographic shows the top Ph.D. feeder schools across the country that produce the highest number of graduates who eventually go on to earn a PhD.”