Money matters! Help me choose

(Rankings, Profiles, Tuition, Student Life, . . . )

What to pick if I want to get a mid-size firm job but also want to start a family...

UConn (20000 per year instate)
6
38%
BC (Sticker)
10
63%
 
Total votes: 16

Lav1289
Posts: 9
Joined: Tue Mar 15, 2011 8:03 am

Money matters! Help me choose

Postby Lav1289 » Tue Mar 22, 2011 12:24 pm

Hey all,

I probably want a mid-size firm job but am married and hoping to start a family in the next few years. Should I go to BC at sticker or UConn for a lot cheaper if I'm not sure about biglaw...

User avatar
snapdragon
Posts: 766
Joined: Sat Jun 26, 2010 11:34 am

Re: Money matters! Help me choose

Postby snapdragon » Tue Mar 22, 2011 1:11 pm

Personally, I would take BC. I like UConn a lot and there's a 50/50 shot I'll end up there, but I think BC's worth it. Better placement probably everywhere in New England. However, I'd say UConn if you definitely didn't want big law and were set on staying in CT.

User avatar
bk1
Posts: 18404
Joined: Sun Mar 14, 2010 7:06 pm

Re: Money matters! Help me choose

Postby bk1 » Tue Mar 22, 2011 1:12 pm

Do you want to work in CT?

Lav1289
Posts: 9
Joined: Tue Mar 15, 2011 8:03 am

Re: Money matters! Help me choose

Postby Lav1289 » Tue Mar 22, 2011 1:43 pm

I would prefer to work elsewhere...do you think UConn really only places well in CT?

User avatar
snapdragon
Posts: 766
Joined: Sat Jun 26, 2010 11:34 am

Re: Money matters! Help me choose

Postby snapdragon » Tue Mar 22, 2011 1:47 pm

Lav1289 wrote:I would prefer to work elsewhere...do you think UConn really only places well in CT?


On their website they report about 60% of responding graduates as having found work in CT. If you want to work elsewhere, definitely take BC.

User avatar
bk1
Posts: 18404
Joined: Sun Mar 14, 2010 7:06 pm

Re: Money matters! Help me choose

Postby bk1 » Tue Mar 22, 2011 1:50 pm

snapdragon wrote:
Lav1289 wrote:I would prefer to work elsewhere...do you think UConn really only places well in CT?


On their website they report about 60% of responding graduates as having found work in CT. If you want to work elsewhere, definitely take BC.


Exactly.

BC at sticker is very risky but UConn when you don't really want to work in CT is an awful idea.

Lav1289
Posts: 9
Joined: Tue Mar 15, 2011 8:03 am

Re: Money matters! Help me choose

Postby Lav1289 » Tue Mar 22, 2011 1:56 pm

Thanks, guys. Do you think BC could pay itself back effectively if I only take a mid-size firm job?

Lav1289
Posts: 9
Joined: Tue Mar 15, 2011 8:03 am

Re: Money matters! Help me choose

Postby Lav1289 » Tue Mar 22, 2011 1:58 pm

BTW what I'm worried about as well is that at some point trying to have kids might interrupt my chances to get a summer internship, etc. Do I stand a chance at paying back my BC loans if I also want to balance family?

User avatar
snapdragon
Posts: 766
Joined: Sat Jun 26, 2010 11:34 am

Re: Money matters! Help me choose

Postby snapdragon » Tue Mar 22, 2011 2:02 pm

Lav1289 wrote:Thanks, guys. Do you think BC could pay itself back effectively if I only take a mid-size firm job?


Depends on what the firm pays, I guess. One interesting thing that made me sad is the (I think this is the right term) bimodal salary distribution. That is to say that although an average salary for private practice graduates may be $85k/year, there are very firms that PAY $85k/year. That average number is more likely reached through graduates getting paid between $130k-$160k at "biglaw" firms and graduates that are getting paid between $45-60k at smaller firms. My understanding is that there are not many "midlaw" firms that pay between $75-90k.

I'm not sure what to say about kids during law school. I think it's a pretty bad idea, but that's just me and my situation :) I think having a young family will make the hours and stress of a big law job seem even harder than being single; however the family might also provide a sense of personal happiness that makes your job a good place.

bigkahuna2020
Posts: 494
Joined: Tue Nov 09, 2010 2:12 am

Re: Money matters! Help me choose

Postby bigkahuna2020 » Tue Mar 22, 2011 2:57 pm

snapdragon wrote:My understanding is that there are not many "midlaw" firms that pay between $75-90k.


Actually, there are quite a few (and the range is more like 80-120k in the NE) but almost NONE hire straight out of law school. They tend to hire biglaw refugees with books of business, stars from small firms, or they buy up small firms and keep the partners.




Return to “Choosing a Law School”

Who is online

Users browsing this forum: anon369 and 2 guests