Not if you intend on being a GP. If you are open to/plan on specializing, there is a slight, almost negligible advantage in attending schools like UPenn when you're competing for residency spots. And even then that felt advantage is limited to only wooing a handful of residency directors. Another thing worth considering is if your ego is attached to the name of your school (different intangible values). Since we're all self-employed, a specialist from UPenn or Buffalo will have equal opportunities in making the same amount (same tangible values). Even if you are employed, your employer will not care about your alma mater. Referred patients won't care and your referring GP's won't care. Only you will care, that is, if you even care about the name of your school.