The Brain Drain
My alma mater, Dartmouth College, graduated five (!) valedictorians this year. The majority are moving on to jobs in finance or management consulting.
Dartmouth, of course, is not alone in sending a disproportionate number of its best and brightest to these narrow sectors. In recent years, to name an oft-cited example, Princeton sent 36% of its students to finance jobs while Harvard sent 17%.
There are many reasons proposed for this brain drain (whether or not this is really a “drain” is a different debate, though I tend to agree it is), including: prestige, money, the need to pass a new competitive admissions process to signal value, and psychologically-astute recruiting tactics.
I’m particularly interested, however, in an explanation offered by David Brooks in a recent column:
“Many of these students seem to have a blinkered view of their options.”
According to Brooks, elite students assume their choices are limited to: (a) making lots of money in finance and consulting, or (b) saving the world by working for a boots-on-the-ground non-profit. [Stanford students, Brooks notes, get an extra option less popular on the East Coast: (c) starting a tech company.]
This rings true.