The quantile admission process with veto power is a stochastic processes suggested by Alon, Feldman, Mansour, Oren and Tennenholtz as a model for the evolution of an exclusive social group. The model itself consists of a growing multiset of real numbers, representing the opinions of the members of the club. On each round two new candidates, holding i.i.d. $μ$-distributed opinions, apply for admission to the club. The one whose opinion is minimal is then admitted if the percentage of current members closer in their opinion to his is at least $r$. Otherwise neither of the candidates is admitted. We show that for any $μ$ and $r$, the empirical distribution of opinions in the club converges to a limit distribution. We further analyse this limit, show that it may be non-deterministic and provide conditions under which it is deterministic. The results rely on a recent work of the authors relating tail probabilities of mean and maximum of any pair of unbounded i.i.d. random variables, and on a coupling of the evolution of the empirical $r$-quantile of the club with a random walk in a changing environment.