Applicant selections by elite institutions, and specifically Harvard University, is considered, with attention to admissions, selection objectives, predictions, academic performance and later-life contributions, nonacademic predictors of later-life contributions, and representation of certain groups. For six Harvard schools/departments, selection objectives, desired applicant characteristics, and admissions procedures are described. Selection approaches are identified, including calculating the social value added of educating different applicants. Statistical issues concerning predictions are addressed, including outcome measures and the degree of selectivity. Common nonacademic selection criteria are covered, including, applicant essays and interviews. The value of personality measures and administering simulated problems to applicants is also covered. Further, differences in performance of various ethnic groups and the costs and benefits of increased minority enrollments are discussed. Included is information on predicting academic performance and using/interpreting prior grades and test scores by selective undergraduate, graduate, and professional schools. Studies of the relationship between academic variables and later-life success are reviewed, with attention to broad studies of income and status, and earnings and success measures for particular professions. (SW)