Thiel Changes Tune On College

May 17 2012 | 9:56am ET

It seems that Peter Thiel doesn't always think a pricey college education is such a bad thing.

A year after making a splash by creating a fellowship program for 20 would-be entrepreneurs under the age of 20—with the express requirement that they drop out of college—Thiel's new hedge fund is looking for analysts. And they better not have dropped out before they turned 20.

San Francisco-based Thiel Capital posted a job listing on LinkedIn for an investment analyst for a new global macro fund it is incubating. In addition to two to three years' experience, the posting said the ideal candidate would have a "high GPA from top-tier university."

At least it did before Slate's Matt Yglesia pointed out the seeming hypocrisy—seeming, of course, because there's a difference between an entrepreneur and a junior hedge fund analyst. As of today, Thiel specifies that "no college degree is required." Of course, the ideal candidate would still have "quantitative skills in a field such as computer science, mathematics, statistics, physics or engineering." The ad does not indicate where, outside of a college, one might acquire such skills, but if you've managed it, get your résumé ready.

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