Graduating at Top of Class Effect on Job Search

Has anyone noticed an increased response when you've graduated at the top of your class or with a high GPA?

I'm working really hard to graduate Summa Cum Laude and I've been told employees don't care since I'm not at a T1 university. If I just cruise my final semesters I'll still graduate Magna Cum Laude so not sure if its worth all the stress.

Any thoughts, feedback, or experiences? 

 

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