Source: HBR, Jul 2016
According to the study, if two universities of similar size are similarly selective, the university with the better regional rank will attract more firms to recruit there, and its graduates will earn more money. In other words, if you want to work at an elite firm, going to Harvard is less important than going to the “Harvard” of your region.
Weinstein’s study found that students’ earnings can be quite high if they attend the most selective school in their region. His study also is relevant to student loan interest rates, which may be tied to school quality. And his findings support incentivizing students to attend a school with a high regional rank even if its national rank is lower.