For all those parents with modest incomes and no trust fund who scrimped, saved, clipped coupons, and bought the cheap cuts of beef so they could send their kids to an Ivy League school — congratulations, you did the right thing.

At least if one of the goals was to advance your child’s chances of landing a good job. A survey from job search firm Indeed found that, overwhelmingly, a choice college pedigree gives a job candidate a huge advantage over those with degrees from less renowned institutions.

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Dan Cook

Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.