[Arguendo]

Oh, of course there are exceptions (though note that many, such as Fuld and Crittenden, have MBAs from top B-schools), and there are probably very few jobs in the country where you absolutely must have a degree from a top university (president of a top university might be one of them). Given how many more students graduate from average/state schools, there will always be a fair number in any field, but in the fields I named Ivy league grads still dominate, and if you really want a career in one of those fields you'd almost certainly be better off going to a top school. But with what those fields pay, the debt wouldn't be so unbearable.

Personally, I went to a smaller undergrad and graduated with very little debt. It did limit my career options considerably, but didn't hurt my law school applications, so I decided to go with a top law school depsite the debt.

[SeekAndFind]

Oh, of course there are exceptions (though note that many, such as Fuld and Crittenden, have MBAs from top B-schools)

My argument is that EVEN in Finance and Management Consulting, these examples I cited are NOT EXCEPTIONS. The examples of successful people who graduated from non-Ivies are so numerous that making a case for going to huge debt in order to land a great job in these fields after graduation does not pass the cost/benefit analysis test.

As for having MBAs in top B-schools, my advise is to take it AFTER you find a job and pay for the MBA tuition either with your salary or through a company sponsored tuition aid ( this is a benefit which most Wall Street companies have ).

The point of the article is not that you shouldn't go to a name school. Its larger point is this --- IF YOU DO NOT HAVE THE MONEY, DO NOT KILL YOURSELF GETTING INTO HUMONGOUS DEBT TO GO TO A "NAME" SCHOOL WHEN THERE ARE GOOD STATE SCHOOLS THAT WILL GET YOU THE SAME DEGREE AND ACCEPTANCE.