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<p>Many companies have a set standard entry-level salary which will only change slightly depending on your qualifications. Hence, a guy from MIT who is hired at a company, and a guy from a no-name school who is hired at that same company will provide receive similar entry-level salaries.</p>
<p>Of course, where the difference comes in is that the MIT guy is usually more likely to get a job offer from that company in the first place.</p>