WarPhalange said:
When someone graduates from a prestigious university, you know they are good. If you look at someone who hadn't gone to school and they tell you they are really good at X, why should you believe them? Sure, they can prove themselves. But who's going to give them the chance?
The entrepreneur you are talking about had an easier time (relatively) because he was his own boss. He didn't have to prove anything to anybody, which means he could have worked to his full potential, and did.
But do you think he hires people that haven't completed school to high positions?
Everyone has a chance you know. I read about this Briton who was killed in the Mumbai terror attacks, forgotten his name, he was a tycoon and has a yatching business. He started out as an assistant in a bakery.
Even Einstein was a nobody until he proved himself with his theory of S.R. That was when he was in a patent office, working. Not at a university as a postgrad. His chance came in the form of being able to publish his ideas in a journal, which fortunately do not have any rules governing that you need to be in Harvard in order to publish assuming that only Harvard students are capable of publishing something that is noteworthy and any authors not from Harvard are only capable of trash. You get the idea..
And as others have mentioned, there are people who get to go to Harvard just because they pull some strings, but does that mean they are good? I think it is hard to say.
Furthermore, I think a Harvard degree wouldn't mean that the HR of a company would single you out for a fast track of promotion. I think it takes a lot of hard work and talent to be able to climb up the ranks.
What I think a Harvard degree is only useful for, is to help the HR in deciding who to employ and also the pay for the potential employee. But just because someone with a Harvard degree might get off in a better position than someone else with a normal degree, that doesn't mean that it would stay that way forever.
After all, what you are really trying to compare are (school grades, place of graduation etc.) and (work performace, leadership skills, whatever that is good for you in a working environment). It's just like comparing apples and oranges. It is irrelevant imo.