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I don't see why psy PHDs are always boasting about their student quality v. psyd student quality. If you look on avg, the objective stats for the PHD student is around a 590 (give or take) gre. Yes, there are more selective schools, but this is the avg PHD students. These type standardized test numbers couldn't even get students into second tier colleges and law schools.
Fact is that you are confusing "low acceptance percentage" with "high student quality". There are crappy colleges with lower acceptance rates than top 20 colleges, simply because crappy colleges get weak applicants.
At the end of the day, the applicant pool for phds in psychology (based on GPAs and standardized test numbers) is not that strong, so you shouldn't exactly be looking down on other degrees.
[Edit- adding section from my below post]
I read an article about this a few years ago. The numbers were something like 580 verbal, 620 math (like i said, give or take). I dont know the exact numbers today, and even those numbers i saw were not accurate, for the sake of argument, i will concede that the avg gre for phd students is 610 verbal and 660 math (even though these numbers would be very very unlikely). This translates to roughly 85th percentile verbal and 62nd percentile math (http://www.powerscore.com/gre/scoringscale.htm.) Heck simply for the sake of argument ill inflate PHD student's credentials even more and make it an average GRE in the 80th percentile for both verbal and math.
These numbers are simply not that impressive. Like i said in my previous post, an overall 80th percentile on the GREs (which is waaaay above the psyc phd avg) is equivalent to a 1200 sat or 159 lsat. These numbers would hardly get you into second tier schools in either.
Fact is that you are confusing "low acceptance percentage" with "high student quality". There are crappy colleges with lower acceptance rates than top 20 colleges, simply because crappy colleges get weak applicants.
At the end of the day, the applicant pool for phds in psychology (based on GPAs and standardized test numbers) is not that strong, so you shouldn't exactly be looking down on other degrees.
[Edit- adding section from my below post]
I read an article about this a few years ago. The numbers were something like 580 verbal, 620 math (like i said, give or take). I dont know the exact numbers today, and even those numbers i saw were not accurate, for the sake of argument, i will concede that the avg gre for phd students is 610 verbal and 660 math (even though these numbers would be very very unlikely). This translates to roughly 85th percentile verbal and 62nd percentile math (http://www.powerscore.com/gre/scoringscale.htm.) Heck simply for the sake of argument ill inflate PHD student's credentials even more and make it an average GRE in the 80th percentile for both verbal and math.
These numbers are simply not that impressive. Like i said in my previous post, an overall 80th percentile on the GREs (which is waaaay above the psyc phd avg) is equivalent to a 1200 sat or 159 lsat. These numbers would hardly get you into second tier schools in either.