The title is linkbait, but I'm not sure what about this is really news. Yes, degrees so-called "elite" schools like Harvard are essentially an expensive form of

The title is linkbait, but I'm not sure what about this is really news. Yes, degrees so-called "elite" schools like Harvard are essentially an expensive form of signalling. Whether or not that signalling is accurate is a topic that can be (and has been!) debated ad nauseum, but the observation that people in the financial, etc. industries[1] do treat those degrees as a signal is nothing new or surprising. [1] Really, anything except tech, where this trend is absent (or arguably reversed - ie, respect for dropouts).