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Why Is Wall Street So Addicted to Prestige Colleges? - CNBC
The snobbery is very precise: you have to go to Harvard, Princeton, Yale, Stanford and, perhaps, Wharton. And the reason for this is not the belief that these schools provide the best education—in fact, many of those evaluating job candidates were critical of the education offered by these schools. Rather, it seems that the elite firms are simply using getting into Harvard, Yale, Princeton, Standford and Wharton as a proxy for intelligence.
The snobbery is very precise: you have to go to Harvard, Princeton, Yale, Stanford and, perhaps, Wharton. And the reason for this is not the belief that these schools provide the best education—in fact, many of those evaluating job candidates were critical of the education offered by these schools. Rather, it seems that the elite firms are simply using getting into Harvard, Yale, Princeton, Standford and Wharton as a proxy for intelligence.