"I think colleges are basically for fun and to prove you can do your chores, but they're not for learning" - Elon Musk

Elon Musk, ladies and gentlemen ---

https://www.businessinsider.com/elon-musk-college…

"But there is a requirement of 'evidence of exceptional ability.' I don't consider going to college evidence of exceptional ability," Musk said. "In fact, ideally, you dropped out and did something. If you look at like, you know, Gates is a pretty smart guy; he dropped out. Jobs, pretty smart — he dropped out. Larry Ellison, smart guy — he dropped out. Like, obviously not needed. Did Shakespeare even go to college? Probably not."

22 Comments
 

All the exceptional ability in the world won't help if you can't do your chores.

Start with a big group of proven chore-doers and interview them to find out who are the ones with exceptional ability.

Be excellent to each other, and party on, dudes.
 
[Comment removed by mod team]
 

Elon is generally right, but one thing to add on to this is that exceptional ppl always find a way to extract something valuable even from mundane stuff like college. Sure, Jobs dropped out of college because he didn't find enough value in it, but even after dropping out he continued to audit a few classes that he found interesting at Reed, like calligraphy (which played a big part in modern computer typography).

 

Seems about right to me. The most exceptional geniuses and entrepreneurial masterminds in the world don’t need college, and might even be held back from real-world opportunities that they could be pursuing, but that represents about 0.001% of people.

 
Most Helpful
"Isaiah_53_5" Elon Musk, ladies and gentlemen ---

"But there is a requirement of 'evidence of exceptional ability.' I don't consider going to college evidence of exceptional ability," Musk said. "In fact, ideally, you dropped out and did something. If you look at like, you know, Gates is a pretty smart guy; he dropped out. Jobs, pretty smart — he dropped out. Larry Ellison, smart guy — he dropped out. Like, obviously not needed. Did Shakespeare even go to college? Probably not."

Ooof.

Whether you learn or not in college, either the topic at hand or how to learn, is a personal choice. If you're only going there to make sure you turn in your assignments on time and learning how to do your own laundry, then you are paying an exorbitant amount of money while choosing not to learn.

Some of things you can choose to learn in college are the survivorship bias, which is the "logical error of concentrating on the people or things that made it past some selection process and overlooking those that did not, typically because of their lack of visibility," or the issue of causation vs. correlation where just because two things happen does not mean one is a direct result of the other. You also are able to learn how to make effective arguments, avoiding the practice of creating a "strawman" argument only to "burn" it down, as well as the importance of critical thinking.

With this framework, you can analyze the argument Musk uses to look at Bill Gates, Steve Jobs, and Larry Ellison dropping out of college by asking the following questions:

  • What about all of the people who dropped out of college and now work in minimum wage jobs? With the known median income for college graduates much higher than the median income for non-college graduates, would completing college have helped these individuals?

  • Is the act of dropping out of college what defined individuals like Bill Gates, Steve Jobs, and Larry Ellison and lead to their success - or did their tremendous intellects, appetites for risk, and drives for entrepreneurialism have more to do with it?

  • Has anyone ever said that the purpose of college is "evidence of exceptional ability" in the first place, or is that a strawman Elon is using to make his point?

and perhaps most importantly:

  • Is Elon Musk, an infinitely more intelligent person than this CRE guy on Wall Street Oasis, well aware of these logical fallacies? Is he making bad faith arguments for a purpose other than objective truths?
Commercial Real Estate Developer
 

Did he? When I've heard him speak he appears to me to be a fairly strong proponent of secondary education. In fact, he's made US education system investment one of the two pillars of his foundation (the other being disease eradication in developing nations). Of course not all education is equal and it needs to be radically improved. But when Gates talks about dropping out he talks about building a company as something he wanted to try, and had a unique opportunity to do, but that if he failed he could still come back to Harvard from leave of absence. Some relevant Gates quotes:

  • Unemployment rates among Americans who never went to college are about double that of those who have a postsecondary education.

  • In the long run, your human capital is your main base of competition. Your leading indicator of where you're going to be 20 years from now is how well you're doing in your education system.

  • By 2018, an estimated 63 percent of all new U.S. jobs will require workers with an education beyond high school. For our young people to get those jobs, they first need to graduate from high school ready to start a postsecondary education.

 
"Milton Friedchickenman" Says the guy who has 2 bachelors and once enrolled in a Ph.D. program

So he has on the field experience to call it bullshit. I have a Master's degree, I agree with him. Actually in many cases he's overstating. Colleges don't even teach you the chores. Especially social sciences.

Never discuss with idiots, first they drag you at their level, then they beat you with experience.
 

I agree with him partly. I've seen plenty of "EcOn" majors who couldn't tell me what the 4 basic types of markets taught in Microecon 101 are. My data(?) shows that they often miss out on monopolistic competition for some reason. And the humanities... I'm sure you share my thoughts on humanities.

Heck, my own mother was busy partying in college and now heads an entire region for a multi-national corp.

But when someone who studied physics, was briefly enrolled in a physics Ph.D, and actually gets to use some of his physics knowledge in his work says something like this... I don't think it helps the argument. Perhaps I'm biased because I actually rely on what I learned in college to do my work. I just think it's different for each person and there is no right answer.

What was your Master's on btw?

 

Eum ipsam soluta earum quibusdam dolore accusamus. Harum fuga facere sequi molestiae aut fugit possimus vel. In rerum vitae fugiat voluptatem occaecati.

Quia hic placeat rerum rerum. Saepe aut aut dolorum nam ab. At consectetur asperiores nulla et vitae accusantium occaecati. Cumque eius nihil earum dolores labore. Quas consectetur optio tempore.

Et quia repellat voluptatem sit. Voluptatem doloremque enim beatae quibusdam pariatur et error.

Interested in health tech, consulting, and entrepreneurship.
 

Quisquam aperiam qui id. Cumque et voluptas voluptate quas quisquam eveniet autem.

Fugiat incidunt vel harum et sint sed. Omnis explicabo deserunt et atque voluptatibus non sed. Rem et ratione possimus suscipit. Voluptas et voluptas eum qui dolorem quis est. Voluptatem odio consequuntur voluptatem. Ad voluptas accusantium deleniti magnam. Dolor non laborum porro recusandae et.

Velit similique autem sed dicta. Voluptate laudantium ut sint pariatur incidunt. Exercitationem nostrum dolores molestias est. Dolorem est rerum aut est. Necessitatibus molestias modi dignissimos consectetur ea non doloremque quae. Sit praesentium explicabo est.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (67) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
GameTheory's picture
GameTheory
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”