Most non-military career paths would require a graduate degree and as others have pointed out it is your graduate school which will be of greatest importance for subsequent employment.
Not to go off topic, but just to put it out there.... in the AF to get promoted later on (military career path), they will want the officer to have a grad. degree. It is masked for O4, but for O5 selection boards they will see it, and if you don't have a grad degree than the chances are you will not be selected.
~ Additionally, even though it is masked for O4 selection, your chances for in residence O4 PME will decrease dramatically without a grad degree. If you want to attend O4 PME at a sister school (Navy or Army) than you better have it. At CGSC when Bullet attended with 59 other AF O4s, all of them had that box checked.
It becomes a domino effect for a military career from a promotion aspect. No PME in residence as an O4, and your chances to get in residence PME as an O5 go down a lot! From there your chances to make O6 will diminish to a slim rate with no in residence PME. Just saying for the AF, out of the friends that we had that did not make O5, (36 years old) they all had 1 thing in common. No grad degree.
Now I will admit most of these officers did their grad degrees on base at night through the base education dept., and in that aspect we are not talking about applying to a program like a traditional grad school, more like pay as you go. However, again for most prior service members, the grad school is just checking a box from an Equal Employment Opportunity aspect for the employers --- job requirements. They are hiring these people for their unique career experience and a grad degree means very little compared to their real life work experience. I.E. Rand, Raytheon, Booz Allen, SAIC, L 3 Comm, the DoD, Lockheed, etc..
I do agree that the OP needs to think about career aspects. Nobody expects an 18 yo to know with 100% certainty that they will do X or Y or Z, but if they want to go rated, than the aspect of job opportunities is moot because they will not be able to walk until @10 years after commissioning on a good day. Employers at that point will just want that box checked and do not care about where they earned that grad degree. They are being hired for their work experience, in this case, military experience.
~~ Lockheed needs engineers to design the 6th gen. airframe, but they also need people that have fighter experience, and that MIT grad. degree employee has no experience on how to make Beaaacccching Betty to shut up in a real life experience if they never served in the military. Same goes for RPAs or cyber warfare. Eventually, it becomes about real life work experience too.
Just saying that if you do the 5 and dive, than yep, going to an Ivy is probably a better option, but if you are looking at 10 years, than attending any SA impo is a better option.
~ Can we all spell N-E-T-W-O-R-K-I-N-G? That Commander will retire, and have a 2nd career, and can hire you.
~~ Bullet got a call from an old Commander at 19 1/2 years inquiring when his retirement date was because he wanted to hire him. Bullet hit the button as soon as he could (20 yrs---due to a PCS). He had 3 job offers in hand (F22 and 35) 5 months out from retirement. He never sent out resumes, they called him as soon as they knew he was retiring. Point is that they didn't care that his grad degree was from Webster University. They wanted him for his work experience.
Just my opinion, but for the 24 year old kids entering the work force, heck yes, where that grad degree comes from will matter, but for military officers, that work experience will matter more. SWA, United, Delta does not care if their pilots have a grad degree, they care about their skills landing a plane in stressful situations. Lockheed wants the person that understands the needs of the pilot in the airframe. Goodyear wants the pilot that knows how their tires wear and tear from an operational aspect, not just the guy/girl that has academic theories taught at Cal Tech.
Back on topic.
P.S. My DS2 is a bio-chem major, not military. He darn well knows that he will have to get a grad degree because that is the world now for the "real" world. Undergrad is now akin to HS diplomas in the 80s. Grad school is akin to undergrad back in those days. You need it for better employment opportunities.