At least in law, once inside the firm your compensation is in lock-step by seniority. In banking, unless you're in trading where your contribution is very easily quantifiable, your bonus will depend largely on how your particular division/project does.
And this article isn't just about screening. You can do pretty terribly at Harvard Law and still walk out with a 160k+bonus job. Firms hire after the first year of law school, and so don't really care about what you do in law school either. The interviews are a cakewalk, mostly to screen people with serious personality problems who are otherwise borderline from a school/grades standpoint.
Banking/consulting is even more credential focused. They hire from a narrower range of schools than law firms, and put less emphasis on having top grades.
And this article isn't just about screening. You can do pretty terribly at Harvard Law and still walk out with a 160k+bonus job. Firms hire after the first year of law school, and so don't really care about what you do in law school either. The interviews are a cakewalk, mostly to screen people with serious personality problems who are otherwise borderline from a school/grades standpoint.
Banking/consulting is even more credential focused. They hire from a narrower range of schools than law firms, and put less emphasis on having top grades.