It's more than getting in, it's networking and having the recruiters from all of the bulge-bracket and consulting firms groom you. Why recruit someone online when you have a rich, educated, smart pool of candidates who have the elitist mindset necessary to do the job? They haven't found a way to replace eating clubs.
> Why recruit someone online when you have a rich, educated, smart pool of candidates who have the elitist mindset necessary to do the job?
Because everyone else is farming the same universities, making these candidates overpriced. Google and other tech companies have considerably widened their net, when they could no longer rely on Stanford et al alone.