Advice for college students

Don’t be in a rush

My first advice is this:

if you are in college, you are probably anywhere from the age of 18–22.

Now imagine this. If you are 20, you could do NOTHING right, and fail at everything you try for the next 10 YEARS. And you’d still be young

So don’t be in a rush.

Next, Find the variance.

I dropped my double major in the business school and opted to pick up a Philosophy major in the College of Liberal Arts near the end of my sophomore year.

Actually, it’s not officially declared, but I intend to do so.

My second piece of advice is simple.

Learn broadly.

Take the courses you are interested in and diversify your knowledge.

Those who are innovative are able to take two interrelated disciplines and build something new.

Just like how Lindt Chocolate combines dark chocolate with chili peppers, learn how to differentiate yourself with two different attributes.

Good Luck.

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why your college doesn’t matter. AT ALL

What college you attend is almost Not important at all.

Instead, you should be the type of person who could attend a prestigious college.

In fact, it was two professors, one from Princeton, who actually released a paper in 2002 that detailed why attending super-selective colleges had no impact on future career salaries (economic benefits)

How did the study work?

Well, it tracked students who 1) went to prestigious colleges

And then for the control group, 2) students who were admitted but did not attend top prestigious colleges (either due to $$$ or personal reasons, which is not apparently important in this study).

After extensive research, there showed absolutely no difference in the economic long-term benefits of attending a top college.

The salary boost was “generally indistinguishable from zero”

Top universities are not so good at developing students’ potential as they are at spotting future potential and offering spots to these bright students.

That’s not to say that prestigious colleges don’t offer much better resources and networking. They do and will surely add a kickstart to your career. But in the long-run, it doesn’t matter so much as where you went as a student as much as what type of hard-working student you are.

Also, I need to note that salary is definitively not the best measure of future success; however, when you ask most college students these days why they are attending college, the most common response you’ll receive is “for a job/money.” So, I am sure this answer should offer a lot of solace to students who are still worried about not attending Harvard.

Good Luck.


Source: Estimating the Payoff to Attending a More Selective College: An Application of Selection on Observables and Unobservables