For people who are deciding on colleges, I think this is a great debate.
Lets be real, in my opinion, Wharton is less selective than HYPS, and I can see people getting into HYPS and Wharton.
So when it comes down to it, if you are a high school senior, and you know you want to do investment banking / private equity / hedge funds, would you still choose HYPS over Wharton? Wharton provides finance opportunities that HYPS does not provide and the finance education.
However, it is alot more competitive here at Wharton since everyone wants to enter Finance, while HYPS are liberal arts schools, and not all of those students want to enter finance.
However even though the kid wants to enter finance, is it really worth having a business education and not have that liberal arts education where you can really be intellectually challenged?
In the end, I feel like my college experience would have been better if not at Wharton, but I would not have the same job opportunities for finance... so its a trade off.
What are your thoughts?