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Does naming a division after a someone make it seem more prestigious?

Does naming a division after a someone (other than whomever the school itself may be named after, if applicable) make it seem more prestigious to potential applicants? Example (business): Wharton, Stern, Ross, Kelley, Smeal, Haas, McCombs Example (engineering): Cockrell, Jacobs, Samueli, Viterbi, Tandon, Wertheim, Fu

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