Throughout history, the emperor wasn’t more talented than the average farmer.
He was merely lucky to be born with a golden spoon.
The emperors and empresses sent their kids to study at Cambridge and the Oxfords, while the farmers only had access to local resources. The ‘privileged’ ecosystem introduced the Prince to other successful Princes, and their cumulative power grew and expanded.
Today, these ‘privileged’ communities still have high entry barriers. Stanford and the Harvards justify their $200,000 fee by over-selling the ‘closed network’ and the associated brand.
The strongest brand in the world is not Apple or Mercedes Benz. The strongest brands are Harvard, Oxford, and Stanford. And this has been accomplished by creating the most thorough and arduous job interview process in modern history.
If I’m applying for a job at McKinsey, I’d give you a list of references and you may call them. But, if I’m applying to Harvard or Wharton- those references will be required to write a two-page recommendation letter.
And between the testing, the anxiety, the review of your life up until that point, you’d be required to scrape through your finances so that you are able to hire the best tutor for your GMAT Prep, the best Admissions Consultant to help you master those applications or possibly scholarships.
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