SmartRecruiters: a no-cost (yes, free) cloud-based applicant tracking and social recruiting system which lets recruiters post jobs on Facebook with the click of a button.

FORBES: Social Recruiting Goes Wild

Jobs2Web: (acquired by SuccessFactors) a candidate marketing and analysis system that helps recruiting organizations manage the recruitment marketing process.

FORBES: Social Recruiting Goes Wild

But after years on Wall Street (and recruiting) and observing the education system, I think there is a deeper problem.

FORBES: Why Do Harvard Undergraduates Head To Wall Street?

Perhaps revamping the system in this way would force schools to become more efficient with their recruiting expenditures while giving all student-athletes the same freedoms that the adults governing them enjoy.

FORBES: Growing Transfer Rates Exacerbate Hypocrisy of Student-Athlete Moniker in Basketball

The school beefed up its recruiting effort in China three years ago, said Dean Mark Zupan, after recognizing that the Chinese education system's focus on quantitative skills would provide a good grounding for students in its finance-heavy programs.

WSJ: Chinese Flock to the GMAT