Earlier quoted context omitted.
Is Harvard really considered more prestigious than Oxford or Cambridge? That doesn't follow my perception.
Well, Oxford and Cambridge are older. And an institution with thousands of dead people behind it is obviously going to be more prestigious than one with mere hundreds. Huge, weighty anchors biting into the benthic depths of our past - that's how you get to be a Prestigious Institution of global Renown.
Prestige is determined by money and power. Oxford doesn't really measure up to harvard or yale in this regard.
https://www.bostonglobe.com/metro/2016/05/05/harvard-mit-ran...
The most important and wealthiest universities in the most important country is going to be more prestigious.
It's why chinese parents choose american universities for their children.
http://www.bbc.com/news/business-32969291
More importantly, it's why top chinese leaders send their children to american universities.
http://www.slate.com/articles/news_and_politics/foreigners/2...