Earlier quoted context omitted.
There is at least one interesting study that tried to test this. They took students who were admitted to prestigious universities. They tracked those who attended as well as those who attended "lesser" schools instead. They found no real difference in success later in life, so it may be confusing cause and effect. People get into prestigious universities because they know how to be "successful" and are not necessaril…
>People get into prestigious universities because they know how to be "successful" and are not necessarily successful because they went to the prestigious school. It also depends on what the "lesser" schools are. I expect that if someone missed out on the significantly random admissions lottery to get into Harvard but were admitted to Dartmouth, Cornell, or Williams (or even UMass Amherst) instead, I expect that if t…
That's one explanation, but not the guess that the study's authors had:
>"One possible explanation for this pattern of results is that highly selective colleges provide access to networks for minority students and for students from disadvantaged family backgrounds that are otherwise not available to them."[1]
[1] Dale, S.B. and Krueger, A.B., 2014. Estimating the effects of college characteristics over the career using administrative earnings data. Journal of human resources, 49(2), pp.323-358.