Companies like Wells Fargo where I worked for many years do hire out of SF State. But they like UC-Davis grads majoring in managerial econ even more. They seem to like mid-tier UCs. I think it fits with Wells Fargo’s pay scale. Also, San Jose State grads do populate many Silicon Valley tech firms.
If you want to work for a bulge bracket investment bank, venture capital firm in Silicon Valley, or private equity firm, then CSU’s are not going to be acceptable. CSU grads can get middle-class jobs at banks with the right amount of internship experience in college. But it would be nearly impossible for them to get into Wall Street.