It doesn’t take rocket science to realize that the wealth of cities is often directly related to the wealth of talent graduating from its local universities, such as Silicon Valley and Stanford, or Cambridge/Boston and Harvard/MIT.
However, it doesn’t take much to realize it’s not a sure thing either, as students from Carnegie Mellon and Univ. of Penn. will attest there’s not much incentive to stay once they graduate.
Ask just about any student and there’s two things that will keep many of them in town: A great job and great nightlife (ie things to do/experience, attractive women/men to meet). What are the winners doing right and the losers doing wrong? We’ll look into that this week.