Sublime

The Yale undergraduate goes to work at McKinsey for two years, then comes to Harvard Business School, then graduates and goes to work Goldman Sachs and leaves after several years to work at Blackstone. Optionality abounds!

The top colleges have become vocational schools for investment banking and management consulting.

That presents a paradox for business schools, which trade on their exclusivity. Some programs are trying to entice applicants by extending deadlines into the summer, removing barriers to entry like the GRE and the GMAT tests, and lowering application costs. In doing so, however, they risk eroding the prestige that makes their degrees so valuable. B... See more