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Wall Street Week
Bloomberg Wall Street Week - March 29th, 2024
Mar 30, 2024
Larry Fink discusses the retirement crisis. Glenn Hubbard compares Biden and Trump's policies. Gillian Tett talks about geopolitical risks. Joshua Bolten shares CEO priorities. Melissa Kearney advocates for standardized tests in college admissions.
38:30
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Quick takeaways
- Standardized tests are crucial for college admissions, providing predictive academic performance data.
- Greater budget allocation for underprivileged students is needed to bridge educational disparities and foster workforce development.
Deep dives
Importance of Standardized Tests in College Admissions
Standardized tests like the SAT and ACT are highly predictive of academic performance in college, more so than high school grades or recommendation letters. Admissions officers contextualize test scores based on a student's background, ensuring fairness. Test scores help identify academic rigor levels, especially for students from less advantaged backgrounds, aiding in the right student-college match.
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