prettymidget said:
What is the significance of the Harvard business school analogy?
It tells you that if you get accepted to *any* physics Ph.D. program, you are already in a very selective and elite group.
is.
However I believe (as do many others) that the importance of going to a "top" program is self-perpetuating to the point where it has real world significance. Looking at university faculties the overwhelming majority of professors having attended prestigious programs gives you some indication what you should strive toward if your objective is to go into academia.
It tells you what you could have done had you had a time machine available. What basically happened was that in the 1960's and 1970's there were a ton of new programs opening up. The people that got hired came from a small number of universities, because those were the only universities that were producing Ph.D.'s. The trouble is that those universities started producing graduates, and you end up with saturation.
Instead of traveling into the past, it's better to think about traveling into the future. My guess is that it will have something to do with the internet.
Likewise in industry employers in general I'm sure are far more swayed by a doctorate from MIT than one from Arkansas state.
Not true for physics Ph.D. hiring from US schools. (That's true for MBA hiring and for non-US schools, but for different reasons.)
If you look at where most astrophysics Ph.D.'s working on Wall Street get their Ph.D.'s, it's mostly from the big state schools. Again there is the "frontier" effect. Big state schools are producing large numbers of physics Ph.D.'s, banks are hiring physics Ph.D.'s.
If your objective is to learn physics then yes, you are doing great. But looking at opportunities beyond the next six years paints a very different picture.
If your main objective isn't to learn physics, then you shouldn't be getting a physics Ph.D. If the job market continues to be what it is, you are doomed if you go the traditional route. Now if space aliens invade, then they'll be a ton of demand for Ph.D.'s from anywhere.
Another motivating factor is a personal feeling of satisfaction. People want to associate with prestigious institutions to assess their own self worth (however ridiculous this might be) by going to the universities that the giants in the field are associated with.
Or more accurately where people that know absolutely nothing about physics think the giants of the field are.
One thing that seniors looking for graduate schools really should do is to become familiar enough with the field to know where the giants of the field really are. In my case, SUNY Stony Brook, University of Arizona, and Florida Atlantic University happen to be really big names.
The other thing is that physics is a field in which it's not that hard to become a center of excellence in one niche.