@JBStillFlying but the milieu matters for the education received! If the academic rigor/interest is the same, why does that mean Chicago is “the same school it used to be”? There’s more to it than that.
I’ve linked to this before: https://www.chicagomag.com/Chicago-Magazine/March-2011/College-Comeback-The-University-of-Chicago-Finds-Its-Groove/
There is a fundamental difference - in kind - between feeling supported vs. feeling discouraged. It’s not just because the students weren’t up to snuff in the past - it’s the climate a school tries to create.
Now, Chicago seems to try and create an environment where students feel supported, feel cared for. When I speak to current Chicago students now, their description about the academics is similar, but their description of the experience is not.
Again, I fundamentally feel that the sensation of support is the difference in kind. If this was still intellectual sparta, the retention rate would not be 99%.
Side note: why is everyone so bullish about Chicago’s placement once Trott, business econ, etc. come into place? It’s strange on this thread - we forget that most platinum-brands are not expanding their ranks, and they have more applicants than they know what to do with from other super elite schools. Newsflash: Harvard, Yale, Princeton, Columbia, Amherst, etc. have exceptional pools of talent, too! They have talent these platinum brands already love, and these brands aren’t expanding their ranks any time soon. It’s not like the Rhodes trust is increasing the yearly number of winners to 50 a year, or Yale Law is expanding its class size. I doubt these enhancements will move the needle so significantly that Chicago’s numbers will jump off the page so much more.
Back in 2011 or 12, when Chicago seemed to enjoy a “meteoric” rise (huge jumps in selectivity, huge jumps in ranking to top 5, etc.), I was also bullish about the improving exit options. Zoom forward to 2020, when I see the placement at Yale or whatever, my response is “meh.” The tidal wave hasn’t happened after the biggest influx of talent and rise in Chicago’s history. I’m not going to hold my breadth in the future.
@Zoom10 upthread point to Chicago producing a top ten number of billionaires. That number includes Booth grads. (Just like Booth places great at McKinsey, it mints lots of billionaires.)
At the college level, it’s very different: https://www.visualcapitalist.com/college-most-billionaires/
I don’t think Chicago is in the top 20 there.
@marlowe1 I’ll frame it this way: a chicago education beats you up (in mostly a good way) such that you look less appealing to a small slice of grad schools and employers. It’s not that you won’t have opportunities in whatever field you choose - it’s just that for certain uber-picky places, they can go elsewhere for the types they seek.
To frame it yet another way, this is less about what Chicago produces, and more about what these “establishment” exit options value and seek.
It’s not that Chicago’s education beats you up so you no longer feel like seeking the brass rings. It looks like Chicago undergrads seek law, consulting, finance, etc. in numbers pretty similar to its peers. Rather, those brass rings are seeking and valuing outputs Chicago doesn’t produce as much of here.
A thought experiment: If law schools and medical schools all of a sudden made acceptance decisions like PhD programs, what do you think would happen with Chicago’s placement, Marlowe? What if McKinsey did the same?
We know law is as popular an option at Chicago as it is at Columbia and Princeton, and finance/consulting is as popular at Chicago as most of its peers. If these elite employers made decisions like PhD programs, would Chicago still be middle of the road here?