Link to Graham's article: http://paulgraham.com/colleges.html

* My resume for his side of the story
He defends that people cannot be measured by the college/company they
attend/work and so, they're usually hired by human resources people that
tend to choose some student/worker over the other just because it feels
safe for the recruiter. Just like in many companies nowadays, where
people tend to purchase some software or service from companies that
give them more guaranties, which is called the no risk management. We
see this more in portuguese public administration and in some large
privately held companies. But, his experience tells him that the "he
came from a good college or school, so he should be smart" is completely
wrong. This is misusage of the society itself. We tend to approve
someone by his background curricula and not by his currently or showed
expertise.

* My side of the story
Last year, for ITIJ, I've recruited for development (area that I was
managing) and system administration positions. For the first one I've
got the help of ITIJ CIO - Mário Valente, but for the sysadmin I've
acted more like a consultant. Also, I've interviewed a couple more for
Windows Sysadmin in the private sector.
In ITIJ, I've laid my eyes in many CV's that I stop counting. For the
positions, a degree was needed, so every CV had come from some great
portuguese schools, IST, ISEL, FCT, FCTUN, FEUP, etc. But for the more
great school that people come, the more wrong we were about them. It
felt like the students are just plain stupid and cannot act or thing
strait. They've failed simple questions, some technical other rather
more mental - I usually ask some logic and 'tricky' questions about clocks.

Of course there were some exceptions, the ones that you see the CV and
think, "oh boy, this guy is useless" and on the interview he's plain
forward and tries (actually the ones that came from high colleges
didn't) to answer the questions. So, we've been is some awkward
positions, where we had to rank for their CV (with full degrees, MBA's,
doctorates, etc) and their work experience based on job year's, while
the interview only takes up to 50% of the full analysis, the 'paper'
(CV) takes and deliberate acts as Paul Grahams describes -
"overestimating people who'd been to elite colleges". On the private
sector, I've just seen the opposite, because a degree was a plus not a
condition, so I interviewed some smart guys with an attitude, that know
what they're doing.

To summarize; a degree is definitely not everything when you hire people.

In 7Syntax, we think that the degree shows us that the people can be
smart, but only with some hands on (code, technology, etc) and with some
interaction with then, we can evaluate the person, focusing in that
really matters; what they've made. Also we think that the interview
alike system, around the meeting table, acting as 'gods', doesn't
motives people and only stress them more, so we'll interview them on
their lunch hour, around a decent meal, with much less stress.
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