That seems to play into the parent's point though:

   * Not-so-exceptional people are not granted admission
   * Exceptional people are demonstrably exceptional even before admission

There is no path for unexceptional people to find exceptional success by simply going to the right school, like certain interest groups want you to believe. The flaw is thinking that academia and business are supposed to be intertwined at all, of course. They are completely separate institutions for a reason.

And many/most of the people they hire too.