I appreciate all the answers, I think one point that may help narrow the discussion is let’s say instead of job prospects right out of college for ivy league vs avg schools, how about 2-3 years into the work force?
At that point If you have two applicants applying for an open job, one that went Ivy League and one who went to an average college will the school they went to matter as much as their job performance during those 2 to 3 years working? Especially if the applicant who went to the average college still did really well during school and had much better performance during those few years working versus the ivy league applicant?