These schools feed graduates into very lucrative companies. Investment banks, hedge funds, private equity, management consulting, white-shoe law firms, and the

These schools feed graduates into very lucrative companies. Investment banks, hedge funds, private equity, management consulting, white-shoe law firms, and the list goes on. Sure - most of these don't say "We only want to hire top ivy-league grads", but they a good chunk of their recruiting happens at those school. Most firms have gotten better at casting a wider net - but having the "correct" background does still pay off, if you plan on a career in those places.