I would beg to differ that "most people" don't know the difference between NYU and NYMC or UPenn and Penn State. Your obsession with thinking that someone is more worried about a "fancy degree" as opposed to the quality of training is misplaced. Are you telling me that in the examples you noted above, you honestly believe that there is no difference between the programs?
Not at all. Going back to the very beginning of the thread, the question was whether school rank would impact attending salary, and the resounding response from EVERYONE in a position to know was a big fat NO. That does not mean that Penn=Drexel, or that NYU =NYMC, with respect to quality of program, opportunities for research and ability to make connections, etc.!!! All it means is that after training is done, starting compensation is the same for everyone in a given geography practicing in a given specialty. The Drexel orthopedist will make more than the Penn pediatrician, but the Penn neurosurgeon will make exactly the same as the one from Drexel, assuming they are both attendings in the Penn Health System.
The "better" schools will give you "better" opportunities to match to "better" residencies, but, at the end of the day, the superstars will reveal themselves, wherever they go to school. What I honestly believe is that all newly hired physicians are busy, lay people really don't know that NYU is a T10 program, or the difference between Penn and Penn State, insurance companies and patients don't pay premiums for high ranked programs, so neither do employers, and the rare patient who actually cares about these things probably won't allow any newbie to touch them, no matter where they trained.
Just this week, in another thread, a current applicant (or their parent) had no idea that Cornell was in NYC and not Ithaca, so be very careful before making assumptions regarding the level of knowledge of "most people"! "Most people" are not med students, doctors, or highly engaged parents whose kids are aspiring physicians. So, no, while common sense might dictate to you and a few other posters that high ranked programs should translate to increased compensation, right out of the box, that has never been cited by people who know what they are talking about as a reason to chase such programs, so I'm going with that.
For the record, some of the very same people strenuously arguing for this value gap also proved themselves unwilling to pay a premium for T10 degrees for their children, or for one T10 degree over another. They were shocked and upset that the schools refused to engage in bidding wars for the honor of educating their children, and ultimately ended up choosing the program that was not the highest ranked, but was the least expensive.
Why wouldn't employers do the same, and hire the less expensive newbie??? THIS, plus the fact that insurance companies and patients don't pay at a higher rate, is why graduates from top ranked programs don't command compensation premiums. They wouldn't get them, and they'd be forced to accept whatever everyone else competing for the same jobs receive, which is exactly what happens!!!
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Maybe some employers are impressed with top programs, but many just don't care, and there is plenty of work for everyone, so nobody pays premiums for some schools as compared to others. In a world where it's easy for every well qualified physician to find work, what is the value of some people maybe having it be a little bit easier, when starting compensation is the same for everyone? Ultimately, THAT is the economic premium attached to the difference between the programs. Zero.