As someone who lives in this area... Sorry for saying this.. Ready for it:
Nepo babies and affirmative action babies. (Dont @ me about Gratz, lets not pretend its no longer happening)
The students that come out of there are just normal. There is nothing special in the UoM sauce. They have more ego as their state school grad who makes the same money as them.
Sure there is a floor, they didn't let the alcoholic nepo baby in. But the people that made it to entry level Fortune 20 companies were the same tier, or maybe they were worse. Best engineers were people from random schools around the country that just wanted to work there.
Note: This didn't apply to people that had been there for 2 or 3 years. After that, even the UoM grads had their ego destroyed and they were normal people again.
How many kids are "Nepo", and aren't they usually donating some kind of money to the University to sweeten the deal?