The schools have a huge incentive to admit students who will succeed. They have no incentive to admit all such students. This results in the admissions process that we have today.
I disagree with this sentiment. humans are individuals and unique. none is "just as good" as another. each is different. the college admissions process treats human beings as fungible commodities. like ears of corn at the grain silo.
> The schools have a huge incentive to admit students who will succeed. They have no incentive to admit all such students.
what does succeed mean? some of the most well-regarded members of our society were poor students, or dropped out of college when they were young. some of our most damaging criminals were excellent students and graduated from Ivy League schools with honors.
We don't need to include how an elite university selects their students to claim that they are going to miss a lot of brilliant and innovative people. The mere fact that they admit only thousands of people a year make this necessarily so.
I did not grow up in a big city. I grew up in a place where a state degree from a good college was enough to show aptitude and I did not understand the value of attending and paying for a school like Harvard. Now that I am older, I have moved to a few big cities and currently live in SF. Unfortunately, in SF, having a Harvard degree is pretty standard / common and people that did not attend a 'top university' are regularly passed over for funding (YC) and positions at top companies etc.
I understand why. If I am a hiring manager and everyone in the world is applying to my company, I might as well pick people who went to Harvard / MIT / Stanford. But... it does mean that a decision someone made when they were 17 years old will keep them out of a lot of interviews regardless of how successful they were after they attending XYZ state college.
I attended a state college 15 years ago that most people on the west coast do not pay much attention to. I have now worked at some of the top companies in the world and I have noticed a really, really strong pattern.
People who attended no name schools and worked to get an offer at a great company are typically the best performers at the next company.
If I were looking to hire / fund someone, I would always look favorably on those that attended a top institution, then had a track record of success. In addition to the 'standard' applicant, I would look really hard at those that attended a lower tier school and 'outperformed' their peers.
By comparison, a lot of the people they miss out on, tend to develop later in life. Steve Jobs didn't turn Apple around until 1997 when he was 42. Obama didn't get serious about public service until he was in his 30's after being a lecturer at the University of Chicago.