While a large portion of students at some wall street banking/consulting companies attend “elite universities”, I wouldn’t say that they “only” recruit at elite universities. For example, NYU is the US university with the largest number of 2015 grads that started as analysts at Goldman Sachs, JP Morgan, or Morgan Stanley. I expect few on this forum would call NYU an “elite university.” During the next week, JP Morgan will be attending career fair type events at the following US colleges – Fordham University, Howard University, University of Michigan, Pace University, Drexel University, and Temple University. These aren’t just publicity events. They hire from such colleges as well. JP Morgan hired as many analysts from Fordham as Harvard in their 2015 class.