<p>Your question is cliche and vague, considering the different implications of prestige. Would Harvard’s lack of prestige preclude my ability to seek a job at a top ibank? Would it affect my internship opportunities significantly? I don’t care if Average Joe Schmoe knows and is impressed; I DO care that the person hiring me is though.</p>
<p>For instance, if Harvard became a school with more of a Swarthmore-like prestige, where the general public really hasn’t heard of it but employers have, then by all means I would consider going to Harvard.</p>