There are workplaces that are shallow in their standards, and simply trust buzzword-compliant, shiny pieces of paper, so a good school can certainly help acquire "more jobs". But as we know, more isn't better. Any intelligent person needs to see such crap as a big, giant red flag and run far away. Any employer not willing to dig deeper and find out who you really are, and what you're really capable of, is not worth working for!
Take a counter-example. I've been to interviews where an entire day was spent with me, sending many different people my way. This was real effort on their part, and it felt good. I had a chance to meet many potential colleagues, and they explored several different ideas. I could see that they weren't stupid enough to just trust what I wrote on a couple of pages, they really wanted to see what I was capable of. My university is very good, but certainly not well known in the U.S., and the fact that it isn't Yale had no effect on the interview. That's as it should be.
Take a counter-example. I've been to interviews where an entire day was spent with me, sending many different people my way. This was real effort on their part, and it felt good. I had a chance to meet many potential colleagues, and they explored several different ideas. I could see that they weren't stupid enough to just trust what I wrote on a couple of pages, they really wanted to see what I was capable of. My university is very good, but certainly not well known in the U.S., and the fact that it isn't Yale had no effect on the interview. That's as it should be.