But we don’t ask why they know their stuff. How did they get into a good university?
Depending on exactly how you define "good university", I contend that the importance of this may be overstated. For the sake of argument, let's go with the idea that to many people "a good university" means "Ivy League". IF you take that premise, it makes sense to look at where a number of high-level leaders, like, say, the CEOs of the S&P 500 companies, went to college. Luckily, that's been analyzed:
http://content.spencerstuart.com/sswebsite/pdf/lib/2005_CEO_...
Now, as you might expect, a number of Ivy League schools are very well represented. But, equally important is this:
The University of Wisconsin is tied with Harvard for the largest percentage of S&P 500 CEOs, at 3%. This is above Princeton, Stanford and Yale. And the University of Texas is right in there at 2% as well. Now this is not to say that UW or UT are "bad" schools, but are they what most people are talking about when they talk about the whole elite / non-elite dichotomy?
Another tidbit: If you look at only the CEOs of the top 100 out of the S&P 500, four schools are tied for "most well represented". Those four are Harvard, Stanford, Yale, and, wait for it... The University of North Carolina, all with 3% each.
For what it's worth, it appears that it can at least be said that going to a reasonably well regarded State school is borderline just as helpful as going to an Ivy League school, if you plan to be the CEO of an S&P 500 firm.
Of course, this all totally overlooking the fact that "CEOs of S&P 500 firms" is a ridiculously small and overly restrictive set to represent "being successful and a respected business leader" in any sense. If you're the guy who owns 6 McDonalds locations in your local small town area, or runs the most successful car dealership in a given area, you're pretty damn successful and - at least in a local sense - well regarded. And I expect you'll find plenty of those folks who went to schools most of us have never heard of, or didn't go to school at all.
Anyway, just something to throw out there. I certainly wouldn't mean to discourage anyone from going to Stanford, Yale, Harvard or Princeton if they want to and have the opportunity. But the poor sap left to attend UNC, UT, UVA, UW, UM, etc., certainly should not feel like they've been consigned to the dustbin just because they did not go to an Ivy.