When you read the accounts of recruiters at these firms, you get a sense of why they might choose these metrics. They have multiple stacks of resumes. They meet hundreds of applicants at career fairs. Rather than scrutinizing anyone’s resume it’s easier just to limit the pool to the top three or four universities.
Do you really want to pore over the transcript of that kid from the University of Michigan? Wouldn’t it be easier just to call the Harvard grad? In essence, what they’re assuming is that the admissions offices at the super-elite schools have already picked the best of the best. Why second guess them?
— Tom Bartlett of the Chronicle of Higher Education, writing about a paper by Lauren Rivera, a professor at Northwestern’s Kellogg School of Management, entitled “Ivies, Extracurriculars, and Exclusion: Credentialism in Elite Labor Markets.”