[smm2000]

Works well for most companies that hire exclusively from top tier universities. They definitely miss out on some talent but unless they need thousands of engineers, they can find all talent they need from just a few top universities. Probably overpay 10k-40k/year for that privilege compared to equally skilled/smart people from other unis but it's chump change in overall employee cost. Also makes interviewing easier - rejecting 90-95% of applicants from lower tier state schools who could not fizzbuzz is not fun.