In the US, yes, it is.
people from the ivy league run the US, so it's prestigious in the US. people from oxford and cambridge run the UK, so it's prestigious in the commonwealth. it's really not any more complicated than that.
people from the ivy league run the US, so it's prestigious in the US. people from oxford and cambridge run the UK, so it's prestigious in the commonwealth. it's really not any more complicated than that.