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At least at Harvard / Stanford, Dee / Derrick (respectively) are alums, with solid work exp before:

Dee:

Through all the ups and downs, including the days when all the apps were on paper and gmat scores were 50 points lower, Leopold has seen it all. She has been a member of Harvard Business School’s Admissions Board for more than two decades. During that time, she has been involved in all areas of the board’s activities. A graduate of Columbia University, Leopold earned her MBA in 1980 from Harvard, where she was co-president of the Women’s Student Association. Before attending HBS, she worked in New York as a portfolio manager for Merrill Lynch.
http://poetsandquants.com/2010/09/04/the-worlds-most-powerful-mba-admis…

Derrick:

For the record, Bolton came to Stanford in 1996 after a stint as a junior consultant with McKinsey & Co. He did a summer internship with Goldman Sachs in 1997 before joining Goldman in New York when he graduated with his MBA. The Texas native returned to Stanford for the admissions job, just before Sept. 11, 2001.
http://poetsandquants.com/2010/10/06/stanford%E2%80%99s-b-school-gateke…
 

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