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For all their perceived buttoned-up conservativeness, business school students—especially those at top tier schools—like to get down and let loose.
Business school parties are legendary for their over-the-top costumery, drunken debachery and general racousness.
Most parties are themed, which means dressing up in costumes, looking as ridiculous as possible, getting drunk, and generally having a good time—something students would NOT want recruiters to see.
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Source : http://www.businessinsider.com/craziest-business-school-parties-2012-6