Education = investments individuals make in themselves - returns from educational attainment in terms of pay, promotions, job satisfaction, and achievement of personal goals are significant (Baruch & Leeming, 2001; Judge et al., 1995; Psacharopoulos, 1985)
Important factors
Quantity
Bachelor's degree from a top ranked college or master's degree in business are important in order to move into top corporate management (Useem and Karabel, 1986)
Quality
Small number of schools have produced a large number of leaders (Pierson, 1969)