On the other hand, like several commenters on the FT site noted, maybe we're better off hiring whoever isn't chasing the latest trend.
IBM, Intel, and many others, simply ignored my application. I didn't go to a top ten school, or I didn't have "8 years experience in XYZ," so I was overlooked.
Right now I work at one of the biggest Internet companies in the world, but do you know how I got in here? Through an acquired startup. The people in my small area had the vision to see that I had skill, even though my resume didn't say Stanford or MIT.
My suggestion to you is that maybe the big traditional companies are not trying that hard to hire. Let's face it, it's going to be harder and harder to get grads from the top schools as long as they're getting millions in funding from VCs.
"Second, we note that finance requires financing. That is, financial intermediaries compete with non-financial intermediaries for financial resources. This leads us to conjecture that firms that rely more heavily on external finance will be in more direct competition with the financial intermediaries themselves for resources."
