Do H/S/W mainly accept only Blue Chips and Vagabonds?

[goyal.vishesh]

I've come across several articles which say that the top B-school (Harvard, Wharton, Stanford) mainly accept only a certain 'class' of students viz., Blue Chips and Vagabonds

Blue chips: Top undergrad education, top jobs
Vagabonds: Top undergrad education, unusually different jobs (peace corps, non profit etc.)

Also that there are only a few 'average joes'. I am not from a top undergrad college and I don't work in a Big-4. Does that mean my chances of getting into H/S/W are nil?

I thought B-schools see the quality of work you have done and your achievements throughout your life. Am I wrong?

[Jim@StratusPrep]

They do, but the point is there are some really exceptional people out there. So, if you are coming from something more traditional, you have to be at the top of your class...

[MBAPrepAdvantage]

Harvard, Stanford and Wharton are among the three most selective MBA schools in the world. Therefore, you need something to stand out. But if you have a high GMAT and GPA from a non-top-ranked undergraduate school and you have had remarkable career progress at a lesser known firm you might be competitive. But if everything is unremarkable then you should probably be applying to less competitive schools.

Good luck,