Misc
Can You Really Trust Your Bank?
Can You Really Trust Your Bank?
It’s was the best of times to be a banker. It was the worst of times.
On one hand, the period of easy money has cruised along for seven years now. Asset bubbles are inflated all around us, and banks are happy so long as they are not the greater fool. Over the last few years, many banks have raked in record profits that would not be possible in another interest rate environment.
The bad news is that people and even regulators are catching onto some of their sneakiest of tricks: manipulation of markets, collusion, dark pools, and algo trading. This is because the modern era is more transparent than ever: technology, instant communication, access to information, and other factors have made it impossible to keep a good secret down.
It’s no surprise that in light of banks getting hit with record fines for forex manipulation and other no-nos, that consumer trust in banks has eroded considerably. Now only 32% of people trust their retail bank, and despite this only 11% have changed their account provider in the last year.
Even more concerning, technology companies are now trusted more than banks when it comes to handling financial products and people’s money.
Original graphic by: Eazy Cash
Misc
How Hard Is It to Get Into an Ivy League School?
We detail the admission rates and average annual cost for Ivy League schools, as well as the median SAT scores required to be accepted.
How Hard Is It to Get Into an Ivy League School?
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
Ivy League institutions are renowned worldwide for their academic excellence and long-standing traditions. But how hard is it to get into one of the top universities in the U.S.?
In this graphic, we detail the admission rates and average annual cost for Ivy League schools, as well as the median SAT scores required to be accepted. The data comes from the National Center for Education Statistics and was compiled by 24/7 Wall St.
Note that “average annual cost” represents the net price a student pays after subtracting the average value of grants and/or scholarships received.
Harvard is the Most Selective
The SAT is a standardized test commonly used for college admissions in the United States. It’s taken by high school juniors and seniors to assess their readiness for college-level academic work.
When comparing SAT scores, Harvard and Dartmouth are among the most challenging universities to gain admission to. The median SAT scores for their students are 760 for reading and writing and 790 for math. Still, Harvard has half the admission rate (3.2%) compared to Dartmouth (6.4%).
| School | Admission rate (%) | SAT Score: Reading & Writing | SAT Score: Math | Avg Annual Cost* |
|---|---|---|---|---|
| Harvard University | 3.2 | 760 | 790 | $13,259 |
| Columbia University | 3.9 | 750 | 780 | $12,836 |
| Yale University | 4.6 | 760 | 780 | $16,341 |
| Brown University | 5.1 | 760 | 780 | $26,308 |
| Princeton University | 5.7 | 760 | 780 | $11,080 |
| Dartmouth College | 6.4 | 760 | 790 | $33,023 |
| University of Pennsylvania | 6.5 | 750 | 790 | $14,851 |
| Cornell University | 7.5 | 750 | 780 | $29,011 |
*Costs after receiving federal financial aid.
Additionally, Dartmouth has the highest average annual cost at $33,000. Princeton has the lowest at $11,100.
While student debt has surged in the United States in recent years, hitting $1.73 trillion in 2023, the worth of obtaining a degree from any of the schools listed surpasses mere academics. This is evidenced by the substantial incomes earned by former students.
Harvard grads, for example, have the highest average starting salary in the country, at $91,700.
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