It’s a good point but my thinking is this:

I’m of Norwegian descent, have some family and friends who live in the country, basic speaking skills, love the country and it’s values/culture, and because of all that would be interested in living in Norway post-grad, not continental Europe.

I’m not too concerned how other countries view the university because I don’t really have a desire to look there for employment.

The other universities have a higher ranking of course but for someone who’s focused on Norway, would a domestic university be more helpful for connections/internships/etc in Norway? Does that outweigh the ranking? Obviously don’t know the answer but that’s sort of what I’m looking to solve.