Ok, I have a friend who is a first year analyst and the firm is recruiting for another analyst for next year. So of course tons of people applied and he was asked to sieve through the pile.
He told me that there were people who fit the profile, with relevant job experience/but are older with an masters or MBA. Then I was shocked to learn that he threw their resumes out of the window. I was like why?
He told me he felt threatened as he had no Masters and only a undergrad degree. Also some of these people were older than him, and said he can't boss the person around that much. I was shocked to hear that.
Then he admitted, if he was the boss, he would hire them in a heartbeat because talented individuals are always valued at organizations to help it grow, regardless of age or education. But then it sucks to be them because a first year analyst is sorting through the resumes.
He ended up selecting fresh undergraduates from Ivy league schools for interviews. My friend is from Ivy league as well so he did not feel as threatened by them. Not too shabby but I am appalled by the discrimination that takes place at the lower tiers of the recruitment process.