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Meaning of “the old-boy network” in the English Dictionary

"the old-boy network" in British English

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the old-boy network

the way in which men who have been to the same ​expensiveschool or ​universityhelp each other to ​find good ​jobs: The old-boy ​network still ​operates in some City ​banks.
(Definition of the old-boy network from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"the old-boy network" in Business English

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the old-boy networknoun [S]

uk   us   (also old school tie) UK disapproving
the informal ​system in which men who went to the same school or university ​help each other to ​find good ​jobs or get other ​socialadvantages: He got his City ​job through the old-boy ​network. The ​interviewsystem seemed to favour the old school ​tie over ​academicmerit.
(Definition of the old-boy network from the Cambridge Business English Dictionary © Cambridge University Press)
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