When Lloyd Blankfein was CEO of Goldman Sachs, 1000’s of newly minted graduates from high universities joined the ranks of the funding banking big.
However regardless of being a Harvard alum himself, he wasn’t a snob about the place somebody went to highschool and acknowledged that superior expertise can come from outdoors the Ivy League.
In an interview on the Large Shot podcast two weeks in the past, Blankfein identified that his colleague Gary Cohn, Goldman’s former president and chief working officer, attended American College, and present CEO David Solomon went to Hamilton School.
To make certain, the general inhabitants of grads from elite faculties ought to exceed their friends elsewhere, Blankfein conceded.
“The typical goes to be larger at these nice faculties, that are very, very arduous to get into and have very excessive thresholds,” he stated. “And the typical particular person could also be larger, and positively the underside quartile goes to be loads larger.”
However when assessing the cream of the crop, that benefit disappears, Blankfein added. That’s as a result of a big public college has a a lot larger pupil inhabitants.
So surviving such a gauntlet to emerge on the head of the category means greater than being the very best in a considerably smaller pool.
“Should you’re going to have a look at the tippy, tippy high of Harvard or the tippy, tippy high of the College of Minnesota—the place you’re the highest of fifty,000 versus the highest of 1,600—and also you’ve gone by way of that,” he stated, “I might say that having gone by way of that they’re no less than nearly as good, possibly higher.”
In truth, creating that edge truly begins earlier than school even begins. College students who matriculated into non-elite universities have been “swimming upstream in opposition to a a lot larger present,” Blankfein stated.
However for college kids who went to high prep boarding faculties like Choate or Andover, which ship many grads to the Ivy League, “the present’s going with you.”
The feedback come as Individuals rethink the worth of a faculty diploma as AI shrinks demand for entry-level employees in skilled careers. In contrast, curiosity in expert trades is booming as these jobs have been much less affected by AI and don’t require taking out tens of 1000’s of {dollars}, or extra, in pupil loans.
As well as, school college students are more and more utilizing AI to do coursework, which is usually graded by professors utilizing AI. The tutorial rigor of upper schooling can also be unsure, with Harvard admitting that rampant grade inflation has resulted in about 60% of the marks which are handed out being A’s, up from 40% a decade in the past and fewer than 1 / 4 20 years in the past.
In the meantime, creator Malcolm Gladwell lately urged potential school college students to choose their second or third alternative faculty, the place they’ve a shot at being on the high of their class.
“Should you’re taken with succeeding in an academic establishment, you by no means need to be within the backside half of your class. It’s too arduous,” he stated in an episode of the Hasan Minhaj Doesn’t Know podcast. “So it is best to go to Harvard in case you suppose you could be within the high quarter of your class at Harvard. That’s high-quality. However don’t go there in case you’re going to be on the backside of sophistication. Doing STEM? You’re simply gonna drop out.”
However the proliferation of AI-generated résumés has made many functions seem an identical, inflicting some recruiters to fall again on college status to differentiate candidates.
A 2025 survey of over 150 corporations discovered that 26% have been recruiting from a slim vary of faculties, up from 17% that have been doing the identical in 2022, based on recruiting intelligence agency Veris Insights.
Which means job candidates from high faculties or these positioned close to firm headquarters have precedence, Chelsea Schein, Veris’s vp of analysis technique, informed the Wall Road Journal.
“Everybody’s not ranging from the identical place if some individuals have entry to on-campus engagement and a few don’t,” she stated.
