Well. A close relative who graduated a T20 (ish…it is sometimes in the high teens and sometimes low 20s in the rankings) about 7 years ago got a job that had nothing to do with anything she studied (languages major, had switched from premed, job as a financial analyst at a large well known company). Said the interviewer literally said to her “excellent GPA from [school], you’ll easily be able to learn what you need to do the job”. I know this is just one anecdote, but I do think school matters. That said, as I already said before, I think it’s unusual to find a place where one specific program will so far outstrip the general reputation of the college to make the choice of program vs school a real issue, in terms of what it means for future prospects, in most instances. Your D’s example may be one of the exceptions. (Do you think this is more likely to happen in engineering vs humanities/social sciences, I wonder? - where the specific training you receive might be much more important than generally “learning how to write and research”?)