How much University ranking matters? Got accept from UoU for Masters, CS.

[silveracid]

I really wanted to get into top schools like CMU, Stanford, UIUC, etc. and was quite hopeful of getting in but unfortunately things are not turning out well. As a safe university, I applied to University of Utah (thank God I did) and got an accept from it with full scholarship.

Having only one admit in hand now, I wonder if it makes sense to invest 2 years of your life in studying CS concepts from a university which is ranked in top 50 only. Is it worth really? I have heard unless you are from top 4 universities, college tag doesn't really matter and you will get same treatment when it comes to getting a job from your future employer. Is it true?

Any other advice/suggestions that can help me resolve this dilemma would be helpful too.

University of Utah's MS CS program also doesn't seem to be competitive at all. Out of 450 applicants, they selected some 150 grad students. It means two things to me: 1) Not much people are interested in applying here because it's not good for some reason? 2) Less competitive program means you are surrounded by less smart people and you are the average of people you surround yourself with. Any thoughts?

Edited March 9, 2018 by silveracid