Hi Akash!
Yes, in engineering ,always first preference is given to that college which has highest reputation.As after completing his /her college one has to take placement from the campus,so big companies mostly come to those colleges which has some reputation.
In India everyone is in the race for IIT/NIT/BITS Pilani which are the top ranked colleges in India, as these colleges have good reputation and placements.
Hope this was helpful to you.
Thank you and good luck.
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