Yes, in Europe Oxbridge is considered generally the most prestigious universities in the world but in the USA and Asia (east Asia) ivies are more regarded than Oxbridge, because of the connection between USA-east Asia. In south Asia, Oxbridge triumphs Harvard in terms of prestige given the relationship between the UK and India. To the rest of the world, they are pretty equal. You guys have to be clear about which part of Asia you're referring to because Asia is split into two places and in that respect both of you are right assuming one of you are talking about east and the other south. By ivies I am excluding the likes of Dartmouth and Cornell and brown and including Stanford and MIT. In investment banking (FO), unless you're at Wharton then it doesn't really matter if you go to Harvard or Oxbridge (ignoring the international-home situation).