I was looking at statistics for employment within 3 months of graduation, and I was surprised to see that even for HBS, Stanford, and pretty much all the top business schools the employment rate was only eighty something percent. I just recently took the LSAT, scored well, and have the potential to get into a top law program. While I am by far not basing my choice solely on salary and employment, the post-gradation statistics compared to law school doese raise an eyebrow. Does anyone have any explanations for this apparently low number (for top B-schools)?
PS if your just going to blurt "its the recession", save me the energy unless you have more compelling statistics.
It's the recession.
(btw, u forgot the apostrophe Dr. 170 LSAT)
I'd say 8x% is pretty good, I would go because I anticipate being in the 8x%.
fux0r jst g0t pwnd!!111!1
realized how in context of my other posts i can start to sound like dr. douche. I know its not that high of an lsat, was kinda using it as shorthand for "the combo of my just-barely-meets-the-threshold-for-top-law-schools lsat score and soft package makes me competitive for admittance to a T5 Law school"
If you don't think its the recession, then go back and look at past years employments to see if there is any difference than non-recession years. If it's no different, then you may have a point, but IMHO it will def be high enough to ease concerns.
Actually i think it very possibly could be entirely explained by the recession, just wanted stats or something to back that up, or other possible explanations.
Many prominent schools, even MBA programs, are having low placement rates. It is not because individuals can't get jobs, its because they only apply to the most prominent firms.
For a list of 1,100 PE & VC firms, please visit LA:
http://leverageacademy.com/blog/2010/02/26/over-1100-top-private-equity…
From a legal profession prospective: I have had chance to work with some regulatory attorneys from NYC - they all say its tough, real tough. Attorneys are being let go all over the place - and not just 1st or 2nd year associates. If you say its an 80% employment rate for top MBA grads, OK. If that is truly the case - what are you worrying about? Any, and I mean ANY law school (including the top 10 law schools by anyone's measure) would be very pleased to say they have an 80% placement rate within a year of graduation. If you love art of the deal, do the MBA. But don't go to law school thinking you will have a better chance of landing the dream M&A job (Do the MBA, work for a couple of years then go to law school and be at the top of your class - and don't look over shoulder).
Recession, plus people realizing that MBA is just a signal and doesn't increase the intrinsistic ability of its holder.
Plus, Michel Foucault was indeed a mighty douche, philosophically speaking.
Don't be fooled by employment statistics by law schools. Oftentimes, the numbers may be deceiving. For instance, if someone is working at friggin SBUX after graduation because they couldnt find a legal job, they are likely considered employed. Also, salary statistics are inflated: the mean starting salary typically only represents those who responded and those with crappy jobs and/or no jobs likely havent responded so it will likely only reflect those who have secured BigLaw or MidLaw positions.
do you really think that 20% of HBS's graduating class is "holding out" for something better?
or, you know, do you think that they were the 20% of the class that couldn't find something? nobody wants to graduate without a job. those 20% are the kids who were the worst in their class. i'm sure they are all talented, but these were the kids who were left behind, and that perception is why it is scary to graduate without a job. if you can't land a job out of HBS, employers will wonder wtf is wrong with you when you are crawling back to them five months after graduation.
my $0.02
ps law school employment options are totally dried up even the kids from yale aren't getting good gigs. there's a bimodal salary distribution and if you're one of the kids on the low end you can't afford to pay back loans. super scary right now being a law student because what else are you going to do now that that field is dried up?
http://www.elsblog.org/the_empirical_legal_studi/2007/09/distribution-o…
Dude no offense but you don't know anything about pre-law. Those low paying gigs are prestigious clerkship which many kids choose over big law because it leads to great things. The kids in the middle are the ones that fucked up.
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