One of the chief benefits of an Ivy League education is the connections one makes in college or graduate school. For example, alumni of Harvard Business School include former President George W. Bush, General Electric CEO Jeffrey Immelt, former Merrill Lynch CEO John Thain, former eBay (EBAY
) CEO Meg Whitman, Blackstone Group founder Stephen Schwarzman, Boeing (BA
) CEO W. James McNerney Jr., and many more prominent business leaders. Ivy League secret societies can forge lifelong friendships with the powerful: While an undergraduate, Bush was a member of Yale University's Skull and Bones society, which also reportedly had as members FedEx (FDX
) founder Frederick Smith and Blackstone's Schwarzman.
The super-rich also connect through their children's schools, such as exclusive private academies like the Dalton School on Manhattan's Upper East Side. According to education directory Peterson's, Dalton accepts just 15 percent of students who apply.