A topic that comes up in conversations among certain types of parent is whether they would be happy to see their privately-educated child attend a less well-regarded Russell Group/top-tier non-Russell Group institution for a traditional academic subject such as law, history, economics, maths, physics and so on.
(This question is not about those who want to study creative or vocational courses that are better studied elsewhere; nor is it about Medicine.)
So, to provide an example, would you be happy if you spent however much on private schooling for your child to end up studying
law at York or Liverpool instead of Oxford or the LSE?I have heard some variant of the following arguments crop up as to why it is disappointing:
1A: Entry selection
Only a few universities in this country have an offer rate of less than
50%. The 'mainstream' universities among these are: Oxford, Cambridge, the LSE, St. Andrew's, Imperial College London, Edinburgh. The argument is therefore: why spend so much money when it is so easy to get an offer from all but the top institutions?
1B: Selectivity part 2
For each traditional academic course, only a few universities have very high entry requirements - as in, requiring at least one A* or more. The remaining institutions will take candidates with AAA or below and often lie about their entry requirements and take candidates in Clearing. Once again, why spend all of that money on the child only for it to end up in an institution that doesn't expect much of its students?
1C: Selectivity part 3
Only a few mainstream universities have over
30% of their intake come from British independent schools - there are: Oxford, Cambridge, Edinburgh, Imperial, Exeter, Durham, LSE, UCL. Obviously the real figures are higher as international students aren't counted and most internationals students at the likes of Oxford and UCL is privately schooled. But this raises a question: why pay for private school if most of the students at the university clearly didn't need it to get in?
2A: Graduate prospects
Most parents who privately educate their kids are middle or upper middle class and make considerable sacrifices to do so. It is therefore natural to want your child to go to a university where it has good career prospects. Unfortunately there is a lot of variation here. A handful of Russell Groups have very high employabilty scores 15 months after graduation. For example Oxbridge and LSE/Imperial have scores of
90% or more (depending on how you measure it). By contrast Glasgow and Newcastle sit at a more modest 75%.
2B: Salaries
Same point as above. A few universities produce
the bulk of high earners for each course, the rest are more or less interchangeable. This is especially for courses with a large earnings upside like maths, law and economics. Privately educated parents may be class conscious and prefer for their child to network with ambitious future professionals, as well as end up in similarly reputable and well-paying jobs as themselves.
2C: Top jobs
It is well known that some universities are vastly better represented in so-called 'elite' graduate professions such as investment banking than others. This has been discussed to the death elsewhere so I will leave it at that.
2D: Student debt
Curently, only
25% of current full-time undergraduates who have taken out loans are expected to pay them in full. Students who graduated in 2020 took out an average of
£45,060 in loans (it may be lower for privileged graduates who enjoyed parental support in paying for rent or food). When parents have spent tens or hundreds of thousands of pounds on schooling, they will not want to be bailing out their child for an investment that will not pay off.
3A: Prestige within the school
Many leading private schools see a
large proportion of their students go on to study at Oxbridge and other leading institutions. Separately, many of the schools that get the most Oxbridge offers are
private schools. Given this, an offer from a mid-tier Russell Group university may not look as good when compared to students at the same school (not the country at large - it has been proven that we mainly compare ourselves to the people around us).
3B: Prestige part 2
Only some Russell Groups/top-tier non-Russell Groups are seen as "prestigious" to your average man or woman. Even fewer are known internationally. This may hinder mobility and/or be an issue for parents who are from abroad and need to justify their investment to the wider family.
4: Academics
It is undoubtedly true that the top Russell Group universities hire more academic and driven students than the rest. A parent who wanted to send their kid to private school for it to be around smart and hardworking people who take school seriously may prefer for the kid to go to a top institution for the same reason.
5: Research
Many parents may be researchers or ex-researchers themselves, or want to support their kid as it pursues an academic career. If that is the case, the connections, references, calibre of tutors, international ties and other curricular support available at leading research institutions may cause them to want to send their kids there.
Which of these would you agree or disagree with? What would you be thinking if you were privately educated your child?italics removed upon moderator request