A debate over elite universities’ obligations to students and society is gaining momentum as scholars and advocates press for clearer measures of institutional impact. Evan Mandery and others argue elite campuses have a duty to expand access and diversify post‑graduation outcomes, highlighting career funneling into finance and tech. At the same time, an argument is emerging that business schools—by virtue of their industry ties and measurement culture—are positioned to lead higher‑education efforts to demonstrate real‑world impact, from workforce outcomes to regional economic development. The conversation centers on transparency, long‑term mobility and metrics that move beyond traditional rankings.