By Gabriel Martinez, September 10, 2010 in Outside the Classroom, Professional Development
According to this old (and famous) study, it does not. It's smarts, and not reputation of school, that counts: if you are smart enough to get into a high-reputation school, then you should be able to have a bigger paycheck twenty years later, whether you actually attended it or not. The Dale and Krueger paper makes this point by comparing the salaries of people who were accepted by high-ranked schools, but turned them down in favor of a low-rank, low-price competitor, versus those who actually attended the high-rank school.
Or, like this piece pointed out
Consider the CEOs of the top ten Fortune 500 corporations: only four went to elite schools.