Well Oxbridge has the 'brand name' but LSE and Imperial College are on par with it. He didn't exactly turn it down, for, erm the University of Kent did he?
@GoodOldEmmaNess how exactly is 'Oxbridge Exceptionalism' getting worse?
Of course it depends on subject. But all the large graduate employers recruit through standardised tests these days. Video interviews, CV blind interviews, it's a lot more egalitarian than it used to be. Recruiting from a select group of universities is no longer a badge of honour.
The thing is, certain universities attract certain groups of people. I went to LSE , did accounting and finance. Some roles such as investment banking were very hard to get into. You either needed to get a spring week or work experience.
Spring Week applications opened before Fresher's week and was on a rolling basis... guess who applied? The clued-up middle class/rich international students. Didn't get a spring week or summer internship? Many went home to intern in investment banks, using it as leverage to land a graduate role. There was very little chance for someone to break in without any prior knowledge. By the time they applied for graduate roles it's already too late they were likely to be beaten by those with relevant experience.
It was not LSE that gave them the advantage but that those sorts of people chose LSE! Location and proximity to the finance sector helped as well but not really as much as the student demographic.
As a 'poor' international student on scholarship I learnt a lot from the people around me, enabling me to get ahead in my career young. How to network, how to present myself, how to find opportunity. No chance of that if I had been surrounded by people as clueless as I was....