I went to grad school just outside of Boston, and several of our professors also taught at Harvard. We were a small private school, so we weren't competing against each or anything. They would talk so much crap about Harvard. Basically saying how it teaches competition rather than collaboration (amongst many other things) and that the MBA at our school was probably better because of it. Although I think it is probably true for the sciences, when you think about all the other programs - being "Ivy League" does NOT necessarily mean you're getting a better education. Make whatever decisions you would for yourself, but I don't think a blanket statement is fair at all.