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[quote=Anonymous]Hmmm...Let's break it down by future goals.

If they're going pre-med, they could go to a state flagship and take the same classes and have the same chances of getting into a top tier medical school.  Law school is a little more biased toward elite undergrads, but not by a lot. Admission to both are driven by grades and test scores.

If they are going to grad school, it will be their faculty mentors/advisors/recommenders that get them in and funded. Where do you think the faculty at the "lesser Ivies" and top SLACs got their PhDs? HYPS are generally reluctant to hire their own PhDs until they've proven themselves elsewhere.  So there is no lack of access or influence of "lesser Ivy" faculty to get their students into the top ranked grad programs.

If they are headed to finance (two-year analysts on the Street, hedge funds, or private equity, not retail stockbrokers), there is almost no difference in recruiting between the schools. If they're quants, then a physics major from Illinois is as competitive as one from Caltech. M&A folks will prefer fellow athletes and frat bros.

If they are smart and don't know what to do and interview for strategy/management consulting, McKinsey, Bain, and BCG recruit equally across the elites and have greatly increased hiring from state flagships. At the second tier firms (PwC, Accenture, Deloitte, etc), the large majority of hires will be from state schools rather than the elites, but they soak up those Ivy grads that don't get hired by the first three firms. 
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