Maybe I'm biased based on my years in the workforce, but I never got the impression that a Wake degree carried more weight than a degree from another school to the point that it would determine which applicants went further in the recruiting process. Maybe it matters more for law school, med school, etc
I've noticed most people say something like "heh, Wake's a tough school" or the likes, but as far as holding more value, I haven't seen it. Especially in the medical field, specialized degrees are the rage.