YBC, with all of those 'Bush connections,' you think he'd hire someone who could score not a modest 1220, but a 1590, like Bernanke got! The old SAT was a math and verbal test, much like the GMAT. It was highly correlated with IQ. The new SAT (A stands for achievement, not aptitude) is a knowledge-based test that you can study for.
That a school accepts legacies at a higher rate isn't prima facie evidence of affirmative action for alums. Children of Ivy League parents may have, on average, higher IQ, better work ethic, etc. than non-Ivy League parents. You can learn alot about life if you have smart parents.
Guess who earns more 20 years out of school, a kid accepted to Harvard who went to San Diego State, or his high school classmate who did go to Harvard? There is no difference in earning power years out: if you're smart enough to get into Harvard, you're smart enough to do well in life. The secret to doing well is to be smart; the secret to doing well is NOT that you must go to Harvard.
