Folks complaining about the decline of public sector higher education in India and globally have to realise that college education is a privilege and social capital does influence outcomes.
In the real world, networks matter and college is a Network. Only the paranoid survive as no one is offering hand outs sans the IRR and ROCE being computed. I realise that having an Ivy League MBA is a huge boost to a professional career but it comes with a price tag. That access to C Suite networks is the opening to talent to access opportunities.