I don't think either is generally preferred over the other, it's project and situation-dependent.
For most organic reactions, it won't matter as nitrogen is sufficiently non-reactive to be acceptable and the lower price makes it the go-to gas for most labs. However there is one consideration that makes argon attractive over nitrogen, and that is impurity levels. Although industrial grades for both gases are fairly pure, The specs for argon tend to have a lower impurity level of oxygen than for nitrogen, even though industrial grade nitrogen is typically purer than industrial grade argon.
For metallurgical work, argon is often preferred (actually vacuum is preferred) because nitrogen can react with metals at high temperatures to form nitrides ($\ce{Ti3N4, Si3N4, AlN, BN,}\text{etc...}$) whereas argon will not react. Additionally, nitrogen can more easily adsorb to surfaces which is the place where catalysts are active, thus it may be desired to reduce the amount of adsorbed material on a substrate (like Raney nickel) by using argon over nitrogen.
...unlike in the undergraduate labs, they use argon instead of nitrogen for their inert atmosphere work.
Given the Praxir argon has $\pu{1 ppm}$ less oxygen than the Praxair Nitrogen, it may be unconvincing that either gas matters. Considering the cost of the reagents involved and the students' time, it may not be that wasted of an investment to pay a little more for nitrogen to get more yield every few reactions. Compare that to undergraduate labs, where there tends to be less serious research, the time scales of projects and are much shorter, the reactions are less sensitive and, are typically for pedagogical purposes, which brings me to my next point:
When I asked around, the lab members said that it was 'just because they'd always had argon'
Consider the implications of switching gases:
- Everyone in the middle of research would be introducing a change in their experiment
or
- New experiments would have to wait a year or two for current ones to complete
or
- A second gas system would have to be temporarily used to facilitate the long-term switchover.
None of these options are tenable unless the lab is up for remodeling, moving or new ownership and projects, thus the gas first used is the gas they continue to use.