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Meaning they are very selective? Their blog post says they consider anyone who applies.

Consider, yes. Seriously consider? No.

In comparison to the Duke, Harvard, CMU (or similar level) grads the number of state school grads working there is minimal, especially with respect to who is hired out of school. Which is a shame, really - I'd be really interested in working in fintech/trading someday.

The word "consider" is doing a lot of work in that sentence.

Considering how much the school you attended is a proxy for your race, gender, veteran status, socioeconomic status, etc., it would be incredibly dumb for them to say anything different.

Yes, but "consider" also implies a lot of things not so sinister. In that way, the discriminatory aspects you bring up are being euphemized and hidden within an otherwise positive or innocuous term.

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