Thanks Lilymaid - more than happy to lock horns.
I totally agree that there are many jobs outside of the Big4 in the financial sector, and would also say that the actual content of degree courses at the less prestigious settings may well even be much better.
However the OP mentioned towards the end of her message that her son may wish to pursue a business sector role after university, and this struck a cord with me.
This morning I interviewed six recent graduates and honest to god it was heart-breaking. So many teenagers seem to be being advised that entering financial service roles is achievable without having a subject relevant degree.
Until 2005 this was the case, the post-graduate professional bodies (ACCA, ACA, CIMA) regularly accepted politics, geography,etc graduates as it was felt that being able to study at degree level was a predictor of success at professional level exams.
Today with such higher numbers graduating (from 10 to nearly 40%) of 18 year olds the financial services sector is inundated with applicants.
Non-relevant graduates really do get turned away in droves, regardless of their class of degree.
There is an alternative route (AAT) which by-passes the fees of university and gives three years work experience in addition to degree status and exemption from the first year of professional level exams.
I honestly think if a student has decided to embark on a financial services future and can not either study at a high-ranking university or a subject relevant course (ideally both), they are at risk of incurring enormous debt in false hope.