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Depends where you are, like mel brooks said "Location, location, location."
If you are in NYC trying for an IBank at a buldge bracket firm, then only MAYBE, but if the wharton kid has a 3.2 and the stern kid has a 3.8 they will want the stern kid.
If you are trying for anything else, outside of NYC, people will always show more loyalty to their home state or surrounding states schools over a harvard or wharton kid.
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