짧은 독해부탁드려요.

Universities and companies ― another source of woe in the present vicious circle ― are on the same end of the bargain. By which I mean they both still look upon students’ grades as the foremost factor to select prospect college students and workers.

It is very encouraging, however, for banks and a small number of companies to think up ways to rid our society of the prevalent stereotype ― having a diploma as a prerequisite for landing a job.