Bloomberg.com reports:
Black, Hispanic, and American Indian MBAs who got their degree six to eight years ago earned exactly as much as their white and Asian peers right after leaving school, according to a Bloomberg survey of 12,700 alumni at more than 100 business schools. In the survey, conducted as part of our annual ranking of full-time MBA programs, both groups said they made a median $105,000 when they graduated.
But by 2015, MBAs who were underrepresented minorities—meaning black, Hispanic, or American Indian—earned $150,000, while white and Asian MBAs made $172,000…The race pay gap is particularly wide at Harvard Business School, where black, Hispanic, and American Indian MBAs started out earning just $5,000 less than their white and Asian classmates. Six to eight years after graduating, that gap widened to $97,800.
This shows that affirmative action can level the playing field when it comes to elite credentials, but it doesn’t level the playing field when it comes to money. This is likely either because Whites and Asians face less workplace discrimination and have more connections than non-Asian minorities, and/or it’s because IQ might predict income, perhaps even among people with equal degrees, and Whites and Asians have higher IQs.
Even though blacks are over 10% of graduates at elite schools, they are typically only 0.25% (sometimes 0.5%) of the 400 richest Americans, with Oprah being the ONLY multibillionaire black in North American history.
And yet Oprah attended only a very humble college in Tennessee. She has no business training and once boasted that she didn’t even know how to read a balance sheet.
I could picture a lot of Ivy League minorities thinking “I’m smarter than Oprah. I’m gona get a degree and be richer than her!”
What they don’t realize is that behind Oprah’s fuzzy persona, is a brain the size of a basketball, which allows her the intelligence to adapt in ways they can’t even imagine, let alone execute.
This might suggest “free market” capitalism is working somewhat like libertarians had hoped. It’s not just about where you went to school, but a Darwinian contest where the biggest brained survive and prosper through real world adaptability, just like they did for 4 million years of human evolution.
Even Barack Obama (who was the editor of the Harvard Law Review) was getting massacred in the polls by Hillary, until the big-brained Oprah stepped in and adapted for him, causing him to win the Democratic nomination and become President:
Pumpkin Person 
(Offtopic) Radio soulwax tribute to Bowie https://vimeo.com/53207758
Affirmative action for non-Asian minority students at the colleges, translates to work hire discrimination later on.
Real world employers who pay six figure salaries for challenging and prestigious work, are less inclined to hire them, simply because of pre-existing negative stereotypes that they are less capable.
Excellent point
I often hear from others, those who dislike blacks, that Barack Obama’s legacy as the president, much of it is negative, is a result of their “HBD” views that black people are less capable at jobs that require high cognitive processes. Just about all the mayors who are black, have proven to be less effective than their White counterparts, when it comes controlling crime and standard of living in general.
Blacks and Hispanics are probably more in number on the lower side of the bell curve among the students in elite universities, This could explain the difference… There exists a bell curve within elite universities too…
Rushton had a study in South Africa among university students and blacks had lower IQ average than whites in the same class…
Not surprising…affirmative action doesn’t really help minorities get ahead, it just sets them up for failure and creates resentment from whites.
It helps East Asians, but it appears that they are not happy about their 2nd place behind upper echelon Whites, who are more talented.
If anything, Asian grinds are hurt by AA (unlike other minorities, but Asians aren’t considered a real minority). When UC schools got rid of affirmative action about a decade ago, Asian admissions shot thru through the roof, while white admissions stayed about the same.
I should rephrase that last comment… Asians are hurt by AA, but in a different way than other minorities.
I’ve thought about this some more, given that I myself may have benefited from affirmative action, but it didn’t really help or hurt me that much . Since I went to non-prestigious state schools I wouldve gotten into regardless of race, Im not really sure ive unfairly benefitted.
However i did receivf scholarship money, which some might consider unfair. And blacks students knew in college were of mixed success once they graduated. On net, i think blacks at my college did okay
But I still Asians most definitely probably suffer the most.
Asians do poorly for their efforts, because they have extremely high expectations to be on the level with privileged Whites.
Furthermore and most important, they view the path of the Ivy League no different from a lesser school, that focuses on a vocational based education. We’ve discussed this on Lion, and some of his readers have said that Asians make very boring elites. black elites are a lot more fun to be around with, and they seem to be very open minded and generous, but they are a very small demographic among the larger black underclass.
The data I’ve seen (mostly from The Bell Curve) seems to suggest that affirmative action gives blacks a large unfair advantage when it comes to education and status, but even with affirmative action, whites still have a small unfair advantage when it comes to money.
I’ll like to see how they compare to their peers who had similar academic credentials, but didn’t benefit from AA and attended non-elite grad schools. This would give some additional insight as to how appropriately paid they are..
Pumpkinperson, can you write your next post about this http://educationnext.org/black-white-achievement-gap-makes-little-progress-since-1960s/ ?
In the past 20 years, Hispanics in America have progressed and assimilated rapidly into the White mainstream society, which could not be achieved with black americans starting from the 1960s.
Despite Pumpkin’s assertion that better nutrition has boosted black american IQ, blacks in america have made more cultural/intellectual achievements pre-1980. There were twice as many black americans with advanced degrees in pre-1980 vs post-1980. And the school work was more difficult back then!
I’d be interested to seeing a source your last claim that there were twice as many black Americans with advanced degrees pre-1980 as there are now.
Let me try that again: I’d be interested to see a source supporting your claim that there were twice as many black Americans with advanced degrees pre-1980 as there are now.
Read: http://deepblue.lib.umich.edu/bitstream/handle/2027.42/43873/11256_2005_Article_BF01112008.pdf?sequence=1
Look for Graduate Enrollment Pattern:
The discussion of black graduate enrollment will be confined to public
institutions, since the overwhelming majority of the state’s black graduate
students are enrolled on state-controlled campuses. In 1976, the number of
students in graduate education on public campuses was 46,261. By 1985, this
number had declined to 37,140, a reduction of 20%. Over the same period, the
black graduate student population dropped from 7% (3,178) to 5% (1,881) of
the total enrollment. In 1985, the campuses with the largest black graduate
student enrollment were Wayne State University (826), University of
Michigan-Ann Arbor (375), Michigan State University (289), and Eastern
Michigan University (153). Figure 1 provides a dramatic illustration of the
serious declines that have occurred in black graduate enrollment. Between 1976
and 1985, black graduate student enrollment at the University of Michigan,
Michigan State, and Eastern Michigan dropped by more than half.
The future implications of such dramatic declines in the number of black
graduate students are staggering. Currently, the shortage of black advanced
degree holders is nearing crisis dimensions, as universities, government….
And stats seem to only focus with minorities and bachelor’s degree attainment, and nothing beyond!
peepee is someone whose ancestors should have been starved to death, but they kept coming.
she’s a cockroach.
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