Good article in this month's issue of PODER on best business universities in US for Hispanics/Dominicans:
Poder 360? - Best Business Schools for Hispanics
AE
Poder 360? - Best Business Schools for Hispanics
AE
With the exception of the top tier "legacy" biz schools, I'm not so sure it makes a whole lot of difference ~where~ one goes, but ~how~ one applies himself while there and ~what~ he does when he gets out.
Additionally, with the above exceptions noted geography play a big role. A NYU grad will be at a disadvantage to a firm dominated by, say, U of FL grads...and vice versa at the entry level.
I attended one of the schools that you denominate as "legacy" schools and I'm, by and large, in agreement with what you say.
However, I would change the relationship of the factors that you name. Outside of the "top 20" or so, what you do after school is largely a function of the school that you attend. This is generally because the Career Development/Management Centers of the schools rely on perceived prestige of the institution and alumni connections to source opportunities for students. Not quite different from what CMC's at the top schools leverage.
Aside from that, some schools are better recognized for some niche specialty that differentiates it from the pack.
By the way, I highly doubt that a Stern (NYU) student competes with a U of FL student for a position. More so because Stern is a Finance powerhouse and that "prestige" has carried out to other adjacent areas (think corporate development, planning, etc) and Stern students are the most intense (often annoyingly so) people I have ever met.