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I think this is pretty well recognized - look at Tuck for example
I don't think it's necessarily true. Geography isn't destiny, and plenty of people/schools in urban areas are able to build deep and resilient networks. To take an obvious example, Harvard is an urban school, but it's main advantage (so far as it goes) is that it does an exceptional job of networking it's students with each other and their predecessors.
What is perhaps more salient is that those sorts of locations tend to attract people who prioritize that sort of community and environment. So CBS and Tuck grads, in my experience, can and do build equally deep networks, but I suspect that the average Tuck person is "better networked" within their class, because they are less likely to have gone to that school in order to, say, maximize contact with the financial district.
Geography isn't everything, also comes down to how well run the program is and your cohort size / composition.
It’s different because if class sizes also. With Tuck’s class size of 300 and the small community, you’ll know every classmate on graduation day. Other big programs from the students I’ve spoken to are lucky to know half their class.
Completely forgot about class sizes too, good point!