<p>"Getting In" by Malcolm Gladwell in the Oct 10, 2005 New Yorker Magazine discusses the basis for admission to Ivy League Schools.
Link to article: <a href="http://www.newyorker.com/critics/atlarge/?051010crat_atlarge%5B/url%5D">http://www.newyorker.com/critics/atlarge/?051010crat_atlarge</a></p>
<p>Interesting Observations including:
"Ivy League Admissions Directors.. are in the luxury-brand-management business."
"Elite schools, like any luxury brand, are an aesthetic experience - an exquisitely constructed fantasy of what it means to belong to an elite. . ."</p>
<p>In explaining the boost given athletes in admissions Gladwell refers to the 2001 book "The Game of Life", by James L. Schulman and William Bowen:
"Male athletes despite their lower SAT scores and grades, despite the fact that many of them are members of minorities and come from lower socioeconomic backgrounds than other students, turn out to earn a lot more than their peers. Apparently, athletes are far more likely to go into the high-paying financial-services sector. . . . . . The Ivy League is perfectly happy to accept, amoung others, the kind of student that makes a lot of money after graduation."</p>
<p>Gladwell notes: "The Ivy League Schools justified their emphasis on character and personality, . . , by arguing that they were searching for the students that would have the most success AFTER college. . . . If you let in only the brilliant, then you produced book worms and bench scientists. . . "</p>
<p>Guess that explains some of the importance placed on EC's</p>