Despite the general consensus on the importance of university degrees in le
adership selection, researchers in elite studies have not focused on how ed
ucation differentiates and stratifies elites. Many important questions rema
in unanswered, for example: Are the returns to education linear in differen
t political institutions? Is the payoff to education allocated among differ
ent dimensions of educational attainment? Using a 1994 data set on top Chin
ese leaders, I show different effects of educational credentials on elite s
tratification in two major bureaucratic structures in China. I conclude wit
h a discussion of the nature of the political elite in China and the implic
ations of my study for future research on educational credentialism and eli
te stratification.