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They also like to select people from unique industries.
These criteria are nearly uniform across all the top business schools. The difference between the successful applicant at Stanford or Harvard and the applicant who is only successful at the bottom 5 of these MBA schools is that the "stereotypical" student at Stanford or Harvard has a remarkable resume with many accomplishments and rapid promotions whereas the "stereotypical" business student at USC (Marshall) or Vanderbilt (Owen) has achieved one or maybe two promotions in his or her 4 to 5 years of work experience and had nothing exciting or dramatic to report in the application essays to the top schools.
Notice there is no mention of undergraduate school or industry type?