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First of all, where Harvard totally does not shine in its undergraduate program is the fact that everyone there is lumped into the college and not an individualized school, whereas Penn, Berkeley, or MIT all have business schools, chemistry, etc.
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I would argue that it is BETTER not to have individualized schools. Individualized schools are restrictive and don't allow students to explore all of their intellectual interests. This freedom encourages learning, rather than discouraging education in fields far removed from your major. Who knows, you might discover something far removed from your intended major coming in, and major in that instead.</p>