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Yes... Contrary to what some would like to believe about egalitarianism and so on these things definately do matter... There are candidates who are admitted to top schools because their parents are being groomed for donations. I had a gf in college whose dad has an institute or something at HBS named after him. When his daughter applied to Harvard undergrad it was a no questions asked instant admit.
Check out this awesome article about Anderson on Poets Quants, http://poetsandquants.com/2015/01/02/uclas-anderson-school-morphs-into-a-friendly-tech-hub/ . Anderson is a great place! Sorry for the lack of updates recently. I...