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DVictr is right.  The University of Texas is an outstanding, elite, well-respected school–in Texas (and the southwest in general).  Harvard is an outstanding, elite, well-respected school everywhere.
If you want to work in Dallas, Austin, Houston, or San Antonio, go to University of Texas.  It will probably earn you about the same pay (and better ROI) as Harvard.
If you want to work in NYC or London or Hong Kong, go to Harvard.

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