<p>An undergrad BSchool graduate from say Indiana with a resume of increasingly impressive internships/summer jobs/special projects is far more likely to get hired than a Wharton undergrad who expects me to thank him for letting me bask in the glow of his wonder.</p>
<p>In my experience the vast majority of the finance world inbreeding described above is directed toward graduate school hires. The undergrads are frankly one big blob of rabble.</p>
<p>Go to the cheaper undergrad school where you’ll do the best, Get a job for 3-5 years where you actually accomplish something. Apply and get into one of the stop graduate schools where you will learn all the same stuff. Do well. Network. Cash checks.</p>