Much less so if they are willing to take people from places like Penn State, Northwestern or Brigham Young.
There are scores of top ranked finance people in places like Wilmington (Delaware), Salt Lake City, Houston and Sioux Falls.
Even our local market of Pittsburgh has its fair share, but again not too many Ivy League types, who turn up their nose at a provincial fly-over town like ours, even though we also have some of the top-ranked universities in the country, including Carnegie-Mellon and University of Pittsburgh.
Another funny thing about the Pittsburgh market is that even with all the big name banks here (PNC, Dollar Bank, Mellon, Citizens) the market is still underserved because they don't care to write loans to locals unless (a)their loans are jumbo sized or (b)their credit is near perfect. So one of the biggest mortgage loan writers is Flagstar Bank, which moved in from Michigan just to write the loans which the locals pass on.
They are looking for experienced Unix SAs, Oracle DBAs, and guys with advanced networking and cloud experience.
As I pointed out in to my own company, these guys are not hanging around places like Ohio and North Carolina waiting for someone to move there are hire them.