Money isn't everything: linking college choice to winning prizes and professorships

We expand upon the literature that considers how characteristics of undergraduate schools affect nonincome outcomes by considering Nobel Prize winners and full professors at top 25 universities. We introduce National Merit Scholars (NMS) as a percentage of 1960-1961 class as a time-appropriate measure of student quality and show how this measure largely matches up with prior expectations and observed outcomes. We conclude with the discussion of the convex relation between NMS and these professional outcomes.