<p>"To clarify my earlier point, there are some banks that only recruit out of the ivy league, and do not recruit at all at other similarly ranked schools. That is where I see the whole prestige of the ivy league coming into play big time. Also, law schools love Ivy grads."</p>
<p>Oh puh-lease. People get into law school every darn day going to Whatever State Flagship, and go on and become lawyers and lead nice lives.</p>
<p>The Ivies (and peer colleges) are prestigious for certain majors / areas, e.g., Wall Street finance. Other colleges are prestigious for other majors / areas., e.g., the University of Montana for environmental biology and wildlife sciences. It's amusing, then, that somehow the Ivies are "more prestigious overall" -- as if Wall Street finance is a "better" field than environmental biology.</p>