Is teaching calculus important for getting a job as a university professor in mathematics? I am a master's student currently deciding between two different Ph. D. programs in mathematics.  The two programs have very different teaching opportunities as a grad student.  One of the two programs I'm applying to allows (and encourages) students to teach a first-year calculus course, and the other one does not.  However, I would be able to teach a college algebra or precalculus course at the other school.  Would it reflect badly on me as a job applicant if I have no experience teaching calculus?
I would be truly shocked if any hiring committee cared at all about whether you taught calculus versus pre-calculus.  Doing well at either would show that you can adequately handle teaching service classes.