It also creates a positive feedback loop problem - the ones that get a few hits in turn can get more money to attract the ones with the most potential. It also will get regional problems - those that produce graduates bound mostly for the NYC market will do better than those where the graduates go for Midwestern jobs.
I don't have a problem with rewards going to those who produce the best graduates - clearly this effect is already in play at the big name institutions.
I think that you need a certain amount of 'wildcard' where someone from a lesser known college can go on to be a big thinker or earner. I think otherwise you risk something with a positive feedback loop getting stuck in groupthink or turning itself into a formula which resists change and innovation.
I don't have a problem with rewards going to those who produce the best graduates - clearly this effect is already in play at the big name institutions.
I think that you need a certain amount of 'wildcard' where someone from a lesser known college can go on to be a big thinker or earner. I think otherwise you risk something with a positive feedback loop getting stuck in groupthink or turning itself into a formula which resists change and innovation.