Students from elite colleges march off to jobs at the big banks and consulting firms less by choice than because of a rigged recruiting game that the schools themselves have helped to create.

Amy Binder:

In 2010, Bastian Nichols moved into his freshman dorm at Harvard without much thought of what he would do after graduation. He felt sure that in time he’d find a career that matched his passions (among them, journalism and travel), but while in college he would experiment at becoming “a more interesting person.”* His concentration in psychology and comparative literature matched his general philosophy. So did his choice of summer jobs, which ranged from leading a bike trip through Austria and working in a theater in Croatia to doing post-production work in an Italian film company.

Yet, as senior year approached, Nichols began to feel anxious about life after Harvard. He described being “scared because I was like, ‘Crap, I’ve got a year left, and I just don’t even know what I could possibly do.’” Feeling he had few choices, in the early weeks of his senior year Nichols began working with Harvard’s Office of Career Services to find a job in management consulting. Much to the dismay of peers who thought that at least he would be a holdout, he will begin his job at one of the country’s top three consulting firms this fall.