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Matter? No. All else being equal I don't think it will buy you anything.
Help? Maybe. What does going to a prestigious school offer besides an education?
1. Connections. These can help you get a job, perform well, and that is what matters for an MBA.
2. A Good GPA. Maybe this can be discussed elsewhere, but prestigious schools generally apply the "gentlemen's grading scale" in which a C is failing. At many other schools a C is about as equivalent as an A in all aspects other than the GPA. And, it's the GPA that matters.
Bad students do poorly, good student do well. This true no matter where you go.
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