I'm from a non US country, so the concept of a Harvard is foreign to me as well. And yes, I've also worked for selective employers where maths degrees mattered a lot. It never bothered me.
Not sure what you're trying to say. Hiring people based on individual merit and skills is not the same thing as hiring people based on an exclusive network. The Harvard employer favored Harvard folks over others who otherwise had the same (or better) skills.