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CronoDAS comments on Why are Harvard's alumni so wealthy? - Less Wrong Discussion
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I was just going to say that! Harvard Business School and Harvard Law School are far more famous than a lot of similar institutions, and I've heard that the most famous (and well-paying) consulting and law firms tend to recruit heavily from them. "He went to Harvard Business School" is a pretty good answer to "Why should we pay a consulting firm a fortune to send us a young kid with no experience to tell us how to run our company?"