Whether or not you go to university x will largely influence your interview prospects.
From then on in, it's down to you as a human being.
The 'quality' of candidates from the top six is relatively homogeneous. I'd be surprised if people from the LSE weren't getting interviews - but beyond that it's down to the individual.
LSE isn't losing its edge. It is about the people, not the school. Based on what I know, 99%+ of all LSE students get interviews at top companies. The fact that many of them fail these interviews because of general inaptitude and linguistic problems isn't LSE's fault.
the time where you were getting interviews just because you went to LSE (or some other prestigious uni) is long long gone. You have to do much more now to bag just an interview: sports, president/officer of so and so society, maybe a little bit of volunteering or travelling, insight programmes with so and so bank, etc. The bad thing about all of this is that people tend to do them (volunteering,sports, leadership positions) for the sake of getting an interview/offer rather than because they are truly passionate about them. Have met so many people who apply for leadership positions in societies not because they want to lead or organise events but because it will look good on their cv. Similar stuff with volunteering-met one guy from a target uni who told me he's going to cambodia to build a local school-the main reason he invoked is that his CV will be "complete" afterwards, it will help him get interviews and will make him appear well-rounded for business school admission (in a few years time). I guess thats what increased job competition does to you-makes you more pragmatic and less of an idealist. But still, its amazing what people would do nowadays for a freakin interview.
Probably because it's a bad batch of students, most likely suffering from "my uni is so awesome i don't have to do anything other than be here to get an interview" syndrome. They may have very poor EC's or no work experience, and shown little other interest in the markets other than joining the trading society..
I can't stand smug little ********* who's so proud they went to LSE when they took a degree in crap (Gender Studies, Cross Cultural Baboon Studies bla bla bla bla).