I am not a parent, but I am someone who got rejected by Cambridge 15 years ago - after having been top of the class in every subject throughout my school career and told by every teacher from the age of 11 that I would get in!**- and although my story is very, very far from a tale of adversity (!) hopefully I can offer some reassurance about future career success and earning power?
I was pretty gutted. I had been put in the pool but not fished out after interviews. I got my top marks as predicted, went to LSE, worked hard, graduated first in my class. Did the usual society stuff too, plus part time jobs and internships.
Am now in my 30s. Have won several industry awards (think Woman of the Year type stuff). I have two NED roles* alongside my FT career (6 figures, worthwhile and something I look forward to getting stuck into every day) and am 10 years younger than everyone else at my level. I also am on the Boards of a major industry body. I am interviewed by journalists and profiled by industry rags etc.
In short: it is hard to build the counterfactual, of course, but I do not feel like not getting into Cambridge held me or my career back. The same attributes (hard work, intelligence, motivation) that meant I had a shot have stayed with me. I mingle a lot with Oxbridge people, but am just as if not more successful. One good university - and all the ones I have seen on here are excellent - is mostly as good in the eyes of recruiters as the other, although I grant you that the Oxbridge experience is different (and I still think I would have enjoyed it!)
If I come across as big-headed, that is not my intention. Am trying to be helpful and honest to those of you and your DC who are feeling as gutted as I did in the immediate aftermath. And doing so in a listing-my-achievements way that I would never do in real life, unless it was an interview
.
**yes, I got complacent.
*usually the preserve of 50-something men