This is refreshing. I sometimes wonder if the universities understand why they have value to industry. It's not the education. Schools are rating agencies fo

This is refreshing. I sometimes wonder if the universities understand why they have value to industry. It's not the education. Schools are rating agencies for people. The university admission process takes a more comprehensive look at candidates than is practical during the hiring process in industry. In particular they pay close attention to proxies for general intelligence (SAT math and to a lesser extent reading) and trait conscientiousness (grades, extra-curricular, etc.). If an employer sees Dartmouth on your resume, they can make an educated guess about your IQ and your conscientiousness, both of which they should care about as an employer. As other comments have mentioned, measuring these psychometric traits more directly has the effect of identifying top candidates in unprivileged circumstances. While diluting these psychometric scores with other measures has the effect of biasing towards affluent candidates who can afford to do things that are impressive on paper.