Going to elite Indian colleges improves earnings, but not test scores
I went to an &quot;elite&quot; Indian college. Anecdotally, I can say the quality of education was quite a bit higher than what could be had at non-elite colleges. I can also say with reasonable certainty that the large salary difference is mostly due to signalling. Even the graduates from a top college has much to learn before they can contribute to their job.<p>Also, elite college admissions are based on test score on one day in the student&#x27;s life in high school, while their brain is still developing. I have personally seen many who didn&#x27;t qualify, but have gone on to do great things. Their initial salary was definitely low.