January 23, 2005

BREAKING THE LAST LIBERAL MONOPOLY:

Ivy loses its luster? (Teresa Mendez, 1/24/05, CS Monitor)

What's an Ivy League degree worth these days? Well, if you have plans to run a Fortune 100 company, maybe not as much as it was 20 years ago.

That's one of the catchier findings in "The New Road to the Top" by a professor at the University of Pennsylvania's business school and a colleague in Spain. It appears in the current issue of the Harvard Business Review. (Apparently, the Ivy League does remain the place from which to scrutinize the Fortune 100.)

In 2001, just 10 percent of the top executives at Fortune 100 companies - the 100 largest by revenue - had an Ivy League undergraduate degree. That's a drop of 4 percentage points - or nearly a third - from the number of Ivy-educated execs in 1980. There's been some "erosion in the importance of an elite alma mater," the study concludes.


Twenty years from now religious-affiliated colleges will be more than competitive with the prior elites.

Posted by Orrin Judd at January 23, 2005 7:03 PM
Comments

The important matter is your terminal degree not your undergraduate degree.

Posted by: Bart at January 24, 2005 6:58 AM

Hmmm. So why aren't they already? They've been around just as long, have had just as much time to compete in the marketplace.

When I was growing up, there was a statistic lying around -- I don't know how valid -- that said that some fantastically disproportionate segment of US chief executives were born within, I think it was, 300 miles of Chicago.

The percentage of big league baseball teams in New England is down, too, but that does not, in itself, prove that the ones still there are not competitive.

Posted by: Harry Eagar at January 25, 2005 1:46 AM

Harry:

Yes, it proves that they are competitive, which is the point.

Posted by: oj at January 25, 2005 6:00 AM
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