 Did this professor just reveal that going to an Ivy League does not matter when it comes to being the CEO of a fortune 500 company David This has Asian parents going crazy right now, but let's talk about what he really found. Yeah This is going viral on the internet right now. Obviously some people agree with David King Some people disagree with him some people are in the middle long story short Andrew He was a professor at the business school of Dartmouth, which is an Ivy League school And he basically said he studied it over 20 years and the CEOs of fortune 500 companies were rarely from Ivy League undergraduate Education so his conclusion was that it doesn't matter that much and the Reason that he wanted to say it because he wanted to get people off the idea that you had to go to an Ivy League Undergraduate school to live a successful corporate life. That was his whole point. All right Here are some findings 12% of fortune 100 CEOs Obtained their undergraduate degrees from the Ivy League institution So only 12% went and then only 10% of them Hold an Ivy League MBA, right? Um, he also said that in America is a country that has a massive economy and many of these companies in the top 500 are not white shoe law firms They're pharmaceutical. They're manufacturing Etc. There's a lot more stuff like pharma construction more blue collar industries where an Ivy League graduate Education would not necessarily prepare you to be fluid or have fluency in that particular world, right? I think when people think about Ivy Fortune 500 companies initially They're only thinking about Apple Tesla Facebook JP Morgan these big banks obviously in finance it does help to go to Ivy League You're talking about the normie person ander is aware of the brands in the fortune 100 or fortune 500 that they use on a daily Basis David, I just want to know if this is gonna make Asian parents get off their kids backs. All right, like You know now well now that you tell me that the Ivy League degree doesn't matter then what matters How do I teach my kid? I just know how to push them harder and harder Of course I under a lot of people agreed with David Kank But a lot of smart people actually really disagreed with him and accused him of juke in the stats So make sure you like this video and possibly share this with some Asian parents who are Ivy League obsessed ander This even goes to the whole affirmative action thing with John Wang and everything There's a lot of ramifications for the Asian-American community. Anyway, let's get Into some of the stats Andrew It is true of the top fortune 10 companies in 2019 Andrew only Jeff Bezos Was went to Ivy League because he went he went to Princeton So of the top 10 companies in America Andrew only one went to an Ivy League school But we do find out right that a lot of successful people have exposure to the Ivy League Whether they went there and dropped out or they went there for a graduate school or something like that a lot King He's surprisingly white. He's not Korean There's some holes in your theory, but you know, you make some solid points Somebody said wait, are we talking about bachelor's or master's degree here because definitely the NBA you go to definitely matters And by the way a lot of CEOs went to top-rank MBAs whether they were Ivy League or not Yeah, I think the MBA program, which is a master's of business administration. I believe or association I think it matters a lot because that's that's what business is for that's networking, you know But there are other industries like you said manufacturing or military Stuff that does not require Ivy League school and also by the way one more point There's a lot of amazing schools out there that are not cons not technically Ivy Leagues Stanford is not an Ivy League MIT is not Ivy League Caltech is not Ivy League because Ivy Leagues are just a certain group of schools out on the East Coast yeah University of Michigan is not an Ivy League a lot of people who get up really high in companies come from that school as Well, somebody said so wait, you're saying only 12% of fortune CEOs Fortune 100 CEOs went to Ivy League schools, but since Ivy League schools only make up point four of 1% of colleges That's still a 25 X over representation. Yes I mean, we're just talking about how like people from the best schools still end up in high positions Yeah, somebody said if you account for the fortune 500 companies that are American companies that would not consider a foreign CEO The amount of exposure actually jumps to 45% so a lot of people were like ah David Kang Quit trying to make it seem like it doesn't matter and somebody also said a lot of American CEOs have actually been in the military as Well, particularly in fields that heavily interface with the military or logistics such as NASA or FedEx chemical companies big pharma Totally makes sense. Andrew. I lot actually go to West Point, which is a military Academy, right? But is not technically an Ivy League So obviously when you're specifically talking about Ivy Leagues that is a very specific group of like eight schools eight schools Yeah, that's it somebody said Asian parents just want their kid to go to Ivy League for the cloud man They don't even care what they do with their life as long as they went to Harvard because it means the parents did a 10 out of 10 job Because everybody knows your life after 25 years old is pretty much up to you So who cares what you do after 25? It's about the parents saying me me me. I did the best job I raised the 10 out of 10 kid. Do you think this is true? Do you really think that parents? I do think that parents earnestly believe that it is the best path for their child To be successful or it's more about the parents Getting that like award for themselves I think the upper middle class parents that want to raise a brainiac are just concerned with another award on the wall But if the dad is like an Asian billionaire CEO, he might see more of the networking long-term Ramifications are good consequences. They're dad is an Asian billionaire. How many are you'd be surprised at the Ivy Leagues, man? Somebody said in my old job. There was a guy in my department who nobody really thought much of but he would always talk about being an Ivy League grad And everybody would laugh at him saying yeah, that didn't do you too much good. Yeah, what also matters what you do with it, man I think it really comes down to your drive at the end of the day Considering that most people who go to any deep decent school generally has like, you know, maybe like the brain power isn't that different But it's a lot about your drive. It's a lot about your focus. It's a lot about what you want to do It's even a lot about you know your abilities how people perceive you and your ability to network and smooths or you know get to things Um, and we happen to know a lot of people who went to Yale and Harvard who didn't become super rich, right? Yeah, they went into like NGO nonprofit work They just became like a tutor none of them are really poor for sure and they do have the networks to utilize But some of them just become like philosophers or like authors or whatever. Yeah, I think and those are Asian people too And you'd be surprised. I think a lot of Asian kids They worked their asses off to get into the Ivy League But then they realized after like three or four years out of college is like, you know what? This is not making my life happy like I'm not Liking this and at some point around 25 26 you start to make those decisions based off How happy you are and what you actually want to do right? I sort of have this early stage life prestige Do I want to chase prestige at every stage of adulthood moving forward? I really compare it to a laptop andrew that has a really great microchip That's great that a laptop has like the fastest processor out, but it still matters what programs you run on it It still matters the RAM it still matters the heat sink and or even the fans If you got a top alien wear laptop from the future, but it overheats every 30 minutes It needs to reboot the iOS completely. It's a useless laptop. Right, right, right? I know what you're saying like you have a good engine on a car But if there's no even wheels on the car literally you can't move right or you're if you're driving that f1 car on the mountain Guess what that f1 car even though it's so great and fast useless It's about the applicability and a lot of other factors that a lot of people don't consider Somebody said you guys have no idea how the world works. There's the Ivy League Then there's the Ivy League and that has to do with if you're a brilliant rule white guy from West Virginia from Underrepresented state and you get great grades and you get into Harvard Chances are your life is still going to play out way differently than a Harvard kid from a legacy old money family Who's going to our network with other similar kids from other old money legacy families to build networks and get super rich and rule The world so basically they're pointing out the difference between the Ivy League and the There's even within Ivy League's obviously there are certain circles and levels within you get in there Maybe your first-generation college student and you get in there because you're just the first one to ever go to college And you're super smart, but then you also get in as a legacy kid That's why the Ivy League's they they are very important for the legacy kids to go to but if you're not a legacy kid And you just want to live a good life and you got a lot of drive yourself You don't have to do you think they're ever looking at them like oh that kid studied his way in here Oh, he's not part of the global Illuminati. Oh, oh, yeah, I'm sure bro. I'm sure that those like Winklevoss twins they're like looking at like the Asian students that are like, yeah So your parents are like villagers from China and you made it here. Well, you know, that's not really gonna do much for me Yeah, maybe you can program my app or something like that. Um, somebody said They were arguing a huge threat. Andrew. Is it more about smarts family wealth networking alumni connections or all of it? I mean, it's just like anything David. It's a little bit of everything, right? You're saying is NBA success about body size skill athleticism team schematic fit or durability? Well, guess what as somebody knows a lot about the NBA. It's everything. Yeah And if you're 10 out of 10 on certain things, yes, that can really boot I think it depends like if your family background happens to be 10 out of 10 like crazy connected and well off Dude, your life is gonna be so different than the kid whose parents are not well off But just is like a super smart whether you're trying to get by on being an ultra brainiac But a lot of people are gonna be like, well Yeah, I want that brainiac to do something for my industry if he's just a brainiac that likes to do sort of theoretical research I don't know how much we can use them for right. There's a lot of things that applicability in the business world Somebody says this is why I like the medical world Nobody cares where you went to school because they only care about your track record and how good you are at being Doing this medical job to save somebody's life. Do you think that's true? Andrew Asians tend to go into medicine. They tend to go into tech where I'm sure the school you went to matters But it doesn't matter as much as private equity or other more nepotistic old world that networking fields Asians like the meritocracy man now Maybe there comes a time a generation of Asians that stops caring because they more want to play the networking game Maybe but for now, I would say Asians heavily into the meritocracy Cultocracy fields. Alright, so Andrew There was a whole competing article that came out that said if you include people who dropped out and people who went to Ivy League institutions for graduate school actually a Tremendous number of fortune 500 CEOs touch the Ivy League's or interface with the Ivy League's or at least top 20 schools in Somewhere or another basically everybody who's a CEO they might not have went to a Ivy League school But they certainly went to a top 20 school I mean, I think his point is that it doesn't have to be an Ivy League But it probably should be a very top 30 school right and if you went to a top 30 school for undergraduate You probably were the top of that fishbowl and leverage that into an Ivy League graduate school education. All right, David I want to ask this question rounding out this video Do you think that if you shared this article with all the Asian parents? Let's say you shared this video with a bunch of Asian parents We've got kids that are like 18 years right years old right now I'm about to go to college. Would it take any pressure off the kid? I would say for some of them It might take off 10% But ultimately no because the Asian parents They're almost looking at the Ivy League acceptance as an end-all be all like you never hear that many Asian parents in my opinion Really state what they want their kid to do with their life or how they want to change the world or what companies or Technologies they want to an event. I'm not saying none of them do but a lot of them are just like yeah I want to have the best kid the best kid will go to the best school right right right So they're almost looking at it like badges of honor, but they're not necessarily taking like the long-term view on it That's my biggest thing. I don't like that I don't really don't like that especially in the Chinese community Asian community Whatever you want to say it like where they're like, yeah, my kid is great He went to Harvard, but you could meet the kid and he's a piece of ish person Yeah, I've been through this before in church by the way because we went to a Chinese church There's a lot of kids who are aiming for you know elite institutions. Yeah Yeah, yeah, I guess what else are some things that like Asian parents need to focus on I guess like given that a lot of Asian parents are Immigrants, what else can they focus on and put their kid through to help them? Ensure that they're gonna be successful whether or not they go to Ivy League first of all guys We did not go to a freaking Ivy League. All right, so I'm not gonna tell you it does or doesn't You dub did have three CEOs in the top 500 though. Hey, so we're we're in there We got in the top 25 institution Well, but um, you know, I think it just matters what you want to go into Andrew There's a lot more film kids who came out of USC and NYU But a lot of people are like, hey, how come no corporate CEOs came out of CE NYU or USC and someone said yeah, you don't go to USC or NYU because you want to become a CEO you go there because your dad's a CEO your parents own like 40 Gas stations, right, right? I mean Andrew the richest guy. I've personally met my age I know two of them the richest guy I went to high school with played in the NBA The richest person that I've met that was like under 30. There was like a hundred hundred millionaire was a crypto scammer Who went to jail, but it was able to keep a lot of his liquidity Yeah, so I'm saying neither of those people went to Ivy League school So are we just talking about money? Are we talking about the prestige and being able to navigate amongst the Luminati succession? Yacht Davos crowd the education of the rich and famous with Robin Leach What do you think Andrew? Do you think an Ivy League education is overrated underrated? Is David King right or a lot of is he wrong? Well, you know David, I Didn't go to the Ivy League's I didn't even get wait listed I didn't even apply to Ivy League and now I'm a youtuber. So I don't know. I don't know What do you think man? I would say that you know, there certainly has an impact But ultimately I the people that I more look up to are the people like the richest guy in Our city growing up was that old white guy who just bought up all the land in a neighboring city And that city caught a huge real estate bounce. He became a billionaire and to be honest Andrew He was like kind of a hillbilly. Yeah, like low-key a hillbilly I think a lot of Asians work their asses off to go to the Ivy League and do what they're told by their parents And then be the good kid and then around like 26 they start to realize that it wasn't everything that they wanted You know and then they end up changing their careers or do something that just makes them more happy Which I think is good But I think sometimes they had to go push themselves that far just to get that achieve that anyways in the first place So anyways guys you let us know in the comments down below when you think how much does going to an Ivy League matter for what you want to do Right because it absolutely matters what you want to do if you want to go into banking Yeah, I think going into Ivy League schools does matter But if you want to be an entrepreneur if you want to go into tag different things engineering You don't have to go to a top 20 school We know a via guy who didn't even graduate high school and was worth like 50 million dollars off real estate But obviously he's not you know at the philanthropic dinners with Bezos or whoever else is like He's doing all this stuff. Yeah, what circles you want to be an art everybody So please let us know in the comments down below. Thank you so much for watching We are the hot-pot boys and until next time we're going to the Ivy Leagues. Peace