There is an enormous threshold effect once you hit the "elite" level of colleges, because it's where many industries heavily recruit. It's relatively easy to s

There is an enormous threshold effect once you hit the "elite" level of colleges, because it's where many industries heavily recruit. It's relatively easy to sleepwalk from Harvard into a career in finance or consulting, very difficult from even a very good state school. "Qualification" has nothing to do with it. That isn't true across all industries, of course.