cover of episode The Multibillion-Dollar Industry Getting Wealthy Kids Into the Ivies

The Multibillion-Dollar Industry Getting Wealthy Kids Into the Ivies

2024/10/16
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The college consulting industry, now worth roughly $3 billion annually, has grown from under 100 consultants in 1990 to about 10,000 today. This growth is driven by the increasing difficulty of getting into elite schools and the willingness of wealthy families to invest heavily in these services for their children. Crimson Education, a major player in this market, is now valued at around half a billion dollars, attracting significant investment from venture capital firms.
  • The college consulting industry is worth $3 billion and has grown from under 100 consultants in 1990 to 10,000 today.
  • Crimson Education, a college consulting company, is now valued at about half a billion dollars.

Shownotes Transcript

P.M. Edition for Oct. 16. The Journal’s Doug Belkin) discusses why private equity is investing) in college consulting services. And the U.S. Treasury Department’s proposals for modernizing) anti-money laundering rules face backlash from the banking industry. Wall Street Journal reporter Dylan Tokar) explains why. Plus, WSJ reporter Dave Michaels) talks about how a new FTC rule might make it easier) to dump recurring subscriptions. Tracie Hunte hosts.

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