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Is which school you go to really a big deal?

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I go to Oregon State University and for financial reasons it will really benefit me to go to grad school there. However, OSU is not on any of the top business school lists and one site says median starting salary for MBA grad is around $55,000 where as other schools are looking at $100,000 plus (also double or triple the tuition). So my question is now days how big of a deal is the name on your diploma? Are employers looking for people from the top schools over state schools? Any insight or opinions on this would be much appreciated!

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