Always consider the course first before the school. An SMU law graduate will in all likelihood beat a Cambridge history graduate hands down in lifetime earnings.

We always like to hear of fairy tale success stories but they are the exceptions rather than the norm.

No doubt "Even literature and history graduates from top schools like Cambridge can go on to become top bankers and management consultants" but the fact remains that most literarture and history graduates from top schools like Cambridge end up as school teachers.

Of course if it is between an SMU law degree and a Cambridge law degree, then the choice is obvious.