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Depends on the type of employment you're seeking.

Having a grad degree from Harvard will look good generally no matter where you apply.

Tier 1 universities tend to be very research-oriented, especially at the graduate level, so if you're seeking a career in research then absolutely yes, there is a definite difference in quality of training and eventually employment opportunities.

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Q: Does employers in the US prefer graduates from Tier 1 universities than graduates from other universities?
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