This is why I don't understand. The logistics of education are cheaper than ever, almost free. Having a personal mentor is of course far more efficient, but that isn't the reality of modern education anyway.
What elite institutions offer is mainly connections and access directly into the pipeline of companies in a respective field.
There is some benefit to have elite institutions because proximity of highly educated people can spawn a lot of innovation, but a successful education system needs to be broad.
What elite institutions offer is mainly connections and access directly into the pipeline of companies in a respective field.
There is some benefit to have elite institutions because proximity of highly educated people can spawn a lot of innovation, but a successful education system needs to be broad.