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I suspect the test was more of a general intelligence and reasoning test (which CAN be predictive of job performance). The firms all hire from pools of highly educated, intelligent people. But is picking between the 20th-ranked person and the 75th at Harvard Business School going to make a difference?
This often has to do with different educational timelines and labor requirements. If you really wanted to jump from Business Analyst to Associate at McKinsey for example, that is definitely a possible path if you are a top performer. Do you have a toolkit for businessproblemsolving?
Think of the increase, both in the necessities and luxuries of life, which becomes available for the whole country, of the possibility of shortening the hours of labor when this is desirable, and of the increased opportunities for education, culture, and recreation which this implies. Do you have a toolkit for businessproblemsolving?
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