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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Interesting article though it doesn’t support OP’s comment.  My key takeaways (only from the article):

1.  There continue to be many employers that still hire mainly only from the elite schools (admittedly, the example was a law firm which is strange since the article focuses on undergrads);

2.  Studies show that the kids that are the “best” at school (evidence led by GPA/test scores) often aren’t the best at “life” measured by success in whatever career people choose…be it academia, business, etc. this is why Google apparently doesn’t ask for GPA when hiring because the kids with the highest GPA often dont become their best employees.

3. Wealth can effectively buy you into top schools through private schools, test prep, tutors, etc. so the colleges claiming to have gotten rid of the old Blue Blood system are still continuing it to some extent.

4.  The MC and LMC resent that they are effectively shut out of these gate-keeping colleges which to them means they are relegated to crappy jobs

5. The demographic crisis will force hundreds of colleges to drastically change their MO so perhaps that will lead to a new group of “elite” schools attainable by the MC/LMC.[/quote]

I interviewed at Morgan Stanley way back in the day to try to get on trading desk fresh out of my MBA. My friend in HR told me they group candidates into three piles. 
1) Those who make the money (Trading/Investment/Broker Banking etc.)
2) Those who count the money (Finance, Audit, Accounting, IT)
30 Those who mail out the checks (mailroom, Back office)

Bucket 1 is T25
Bucket 2 is Top 200 Colleges
Bucket 3 is is HS Degree, Community College, bottom of barrel college.

I dont think much has changed over time  [/quote]

I would say bucket 1 is somewhat bigger these days for undergrad. Maybe T30 + SLACs + undergrad business programs that punch above their weight. For MBAs T25 is probably still accurate. Buckets 2 and 3 still accurate, though 3 might have fewer only HS degrees these days.[/quote]

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