Are starting salaries for the same jobs different by school? Like for example would MBB/FAANG pay more for a HBS grad than a Booth grad? Or is it just that the HBS grad has better chances at landing the position, but the pay is the same?

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There is no pay difference if you’re coming in at the same role

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No difference based on school.
Differentiation only comes from level and percormance.

I don't think the compensation is different, but the number of spots available at each school might differ. I think the difference in spots available would be more apparent between the different tiers (M7, T15, T30).

BCG pays same by level across North America - a C will make the same whether they were direct promoted from associate, coming from HBS or Darden or a PhD program, etc.

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