MIT's SAT Math Error
theodp writes "The Wall Street Journal reports that for years now, MIT wasn't properly calculating the average freshmen SAT scores (reg.) used to determine U.S. News & World Report's influential annual rankings. In response to an inquiry made by The Tech regarding the school's recent drop in the rankings, MIT revealed that in past years it had excluded the test scores of foreign students as well as those who fared better on the ACT than the SAT, both violations of the U.S. News rules. MIT's reported first-quartile SAT verbal and math scores for the 2006 incoming class totaled 1380, a drop of 50 points from 2005."
You can't compare any scores because it's all been rebased to be meaningless.
Back then, a 1400 really meant something, and a "perfect" score was a one or two person thing.
Yes but consider this. The average starting salary of a liberal arts degree holder is generally quoted as $30-35k. The average starting salary of an engineering degree holder is generally quoted in the $50-55k range. That's a pretty significant difference - the engineering degree yields a return of 40 to 80% straight off the bat. Granted the engineering degree is harder but I'd say it's well worth the effort.
Now that said, I do agree with you that a degree is only as valuable as you make it (to a certain point). But I think taking these numbers in the aggregate probably cuts a lot of the variance due to super high- and low- achievers.