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<p>Caltech graduates about 100 engineering majors per year at the bachelor’s degree level. A big state school may graduate about 800 engineering majors per year at the bachelor’s degree level. If the top 100 engineering majors at the big state school are as good as the 100 engineering majors at Caltech, then the big state school may be a more attractive place to visit to recruit, since you can recruit both the superstars (the top 100) and the merely good ones in one visit. Note that the yield for the superstars (whether at Caltech or the big state school) will be lower, due to increased competition from other employers and graduate schools.</p>