Elite firms are sidelining the UK's bright working-class applicants in favour of privileged, "polished" candidates, a report says.
The Social Mobility and Child Poverty Commission says these firms draw from a small pool of graduates, who probably went to private or selective schools.
This version of talent can be "mapped to middle-class status", it adds.
The report was based on interviews with staff from 13 elite accountancy, law and financial services firms.
The study by Royal Holloway, University of London, on behalf of the commission, examined barriers to entry for people from less privileged backgrounds to these elite firms.
It found that despite attempts to improve social inclusion over the past 10 to 15 years, such elite firms continue to be heavily dominated at entry level by people from privileged social backgrounds.
The study concluded that elite firms are "systematically excluding bright working-class applicants" from their workforce.
To break into top jobs, state school candidates needed higher qualifications than privately educated peers, it added.
This can be mainly attributed to recruitment methods which targets the Russell Group of 24 highly selective UK universities.
Some 40% to 50% of job applications to the case study firms were made by applicants who had attended these universities. They received 60% to 70% of all job offers.
Candidates from fee-paying and selective schools, which tend to dominate Russell Group universities, made up 70% of graduate trainees at case study firms, despite being only 7% and 4% of the UK population respectively.
Firms also used nuanced criteria to help find "talented" applicants, the report said.
This included factors like the candidate's accent and experiences of travelling.
Why class can be a by-word for success
The habit of elite firms recruiting from elite universities is first and foremost a business decision.
Recruiters on a budget are likely to go where they get "more bang for their buck".
Put simply this is the Russell Group universities with their ready supply of intelligent, confident and ambitious individuals.
Firms which have 20,000 people applying for 1,000 jobs just are not prepared to go to the "university of XXXX" in search of a "diamond in the rough".
But with many firms acknowledging that raw academic ability does not equal business success, there is clearly something more nuanced at work here - the influence of class.
Candidates who show they are "confident", "poised" and "polished", who articulate themselves in a certain way, and in the right accent, who have experienced foreign travel and the kind of social situations, such as large dinners, helpful to business, are considered safe bets.
The report said: "Elite firms define 'talent' according to a number of factors such as drive resilience, strong communication skills and above all confidence and 'polish', which participants in the research acknowledge can be mapped to middle-class status and socialisation."
Commission chairman Alan Milburn, the former Labour health secretary, said: "This research shows that young people with working-class backgrounds are being systematically locked out of top jobs. Elite firms seem to require applicants to pass a 'poshness test' to gain entry.
"Inevitably that ends up excluding youngsters who have the right sort of grades and abilities but whose parents do not have the right sort of bank balances.
"Thankfully some of our country's leading firms are making a big commitment to recruit the brightest and best, regardless of background. They should be applauded. But for the rest, this is a wake up and smell the coffee moment."
David Johnston, chief executive of The Social Mobility Foundation, said the report showed there was "still a pervasive attitude in some of our professions that all the best people can be found in a very small segment of the country's population".
Prof Les Ebdon, director of Fair Access to Higher Education, said: "Access to graduate careers should be about your skills and ability to do the job, not about the places you've been, the school you went to or the contacts you have.
"That's why I am encouraging universities to consider how they can best support disadvantaged students as they prepare for life after university."
A government spokesman said it was committed to creating a society where everyone can get ahead in life, regardless of the circumstances of their birth or who they know.
"Right from the start we are giving disadvantaged children early access to high quality childcare, targeted Pupil Premium schools funding, and free school meals.
"Universities are making very good progress in widening participation to students from disadvantaged backgrounds, but we expect them to build on this further to ensure higher education is accessible to all hard-working students.
"Business also has an important role to play and we will be considering this report's findings."