I would say you need to go to a college that has a good program for the specific type of job or study you are interested in. So if you want to be a Neurobiologist, you want to try to get to a college that has a lot of influencial Neurobiologists, a big neurobiology lab, etc etc. In terms of getting a job, you would have a lot more connections which means a lot more job offers when you graduate. So i think its the prestige of the department within the college that counts, not the prestige of the college as a whole.
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