What is a Tier 2 University?

I've seen some universities in the US referred to as 'Tier 2', but I'm not exactly clear on what that means. Can anyone here break it down for me? How does it differ from Tier 1, academically and reputation-wise? Also, how does it impact future career prospects?

The terminology of "Tier 1" and "Tier 2" universities is often used to categorize the academic prestige and selectivity of universities, though it is not an official categorization, and it can be a bit misleading.

Typically, "Tier 1" universities are those that are highly regarded academically and are often included in the top rankings of colleges and universities. These often include Ivy League schools, and other top-ranked private and public institutions.

On the other hand, "Tier 2" universities may not have the same level of recognition or prestige, but they are still quality institutions that provide a solid education. They may not always appear as high on overall university rankings, but they can shine in certain departments or majors.

Regarding its impact on career prospects, for the majority of fields, where you get your degree from is less important than the skills and experiences you gain there. Employers tend to value what you bring to the table more than the reputation of your educational institution. That said, there are certain industries or firms (like investment banking or competitive fields in the arts) where a degree from a top-tier school can be beneficial.

Remember, choosing the right university for you should not base solely on its 'tier'. It's smart to consider how well the specifics of an institution align with your career and academic goals, as well as how comfortable you feel with the campus culture, location, and other personal factors. In the end, your success in college and beyond often depends more on your efforts and experiences than the tier of your school.