Do you see a difference between candidates from target schools vs. non-target schools? I feel like this term is overused and it just works as a prejudice against people who were less fortunate.
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If the person has strong coursework and grades aren't too low I'm not worried. I find with grade inflation at top schools, the grades are still sort of comparable to schools where less As are given because the people complaining loudest about grade deflation usually deserve their bad grades.
Finally, I've seen some really slow/clueless people from top 6 schools so it's not necessarily a good signal.
Yes.
Once you have actual accomplishments your resume:
Maybe. You need to remember that some of these students may actually have the potential and qualities identified by alumni - like Yale.
Other students may have faked their way thru preparation for the admission process ... and rote-forced their way thru school.
I'd like to know how lazy the student was in school to get to graduation ... combined with their class rank. The lower the effort and higher the rank ... or see what actual valuable work they did in college. (Not classroom crap.)