Have you been able to visit both campuses? What stood out to you as pros/cons for you at each of them? I have to imagine one of them felt more comfortable than the other?
As someone who went to W&M, but who now has a daughter in a large state school, I would encourage you to go to the smaller, more intimate program, but there are absolutely students for whom the larger school would be the better choice. I’m curious how the vibes felt when you were on the ground at each school.
In terms of job prospects, as others have said, I really think it’s more about what you do at the school, rather than the school itself. Coming out of undergrad at W&M — even as a Religious Studies major — I had an offer from a consulting firm in what was then called the “Big Five”. (I didn’t actually take that offer, fwiw.) That was certainly not everyone’s path, and I absolutely don’t mean to say “School X → Job Y”; I just want to highlight that the school matters less than the opportunities you take/make while there.