<p>“What would be more interesting is comparing how folks who got in to an elite and didn’t go do in life to those who did attend an elite.”</p>
<p>I think each research can only do so much. Apparently this one didn’t deal with what you asked for. But I think I saw some studies that may be able to answer your question. I can try to find that. I don’t particularly like Wai’s research but it does give us an indication that elites are looking for motivated and intelligent people. The quality of students and school names impact each other, the ‘brand name’ effect is there. Their students benefit from the name, and school names are elevated due to the success of their graduates.</p>
<p>“Many CEO’s went to state schools, but once they got placed on the “CEO track” their company sent them to an Elite (executive) MBA program.”</p>
<p>In the article: “Dark gray bars indicate the percentage that attended graduate school, independent of the elite school category.” so it seems the ones with a post-graduate degree from elites are not counting in the 38% elites.</p>