Fordham or UT Austin

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Fordham or UT Austin

Fordham
10
17%
UT Austin
48
83%
 
Total votes: 58

mz253
Posts: 319
Joined: Thu Mar 25, 2010 11:18 pm

Re: Fordham or UT Austin

Postby mz253 » Thu May 26, 2011 9:53 am

Aberzombie1892 wrote:
mz253 wrote:one more thing, if i want to do international business/finance law, NYC must be much better than TX right? I feel most TX firms deal with TX companies?

I heard from a lawyer not long ago that deal size really matters in how much you get paid. I'm assuming that if a transaction is international and it's handled by a biglaw firm, it must be big, if nor enormous?


Um...In the United States, the city of Houston has the second highest number of fortune 500 companies (NYC has the most). So, I believe it is safe to say that TX firms deal with all forms of companies.

OP - if you want to go to Fordham, go to Fordham. But for the purposes of employment, Fordham isn't better than UT.

As to your other statement, your pay is based off of what the firm told you it was going to pay you, and there are plenty of smaller international transactions that are handled by larger firms.


Oh, don't please don't misunderstand me. Personally, I like UT better than Fordham. It's just that my college friends who are at Fordham now told me that Fordham may be better than Cornell for NYC. So that really gets me to start this discussion.

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paratactical
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Re: Fordham or UT Austin

Postby paratactical » Thu May 26, 2011 10:00 am

You should talk to people who go to both schools. I know there are people at each on TLS. See how they feel about employment prospects and the school.

dooood
Posts: 142
Joined: Fri Jan 21, 2011 11:45 am

Re: Fordham or UT Austin

Postby dooood » Thu May 26, 2011 10:03 am

mz253 wrote:
Aberzombie1892 wrote:
mz253 wrote:one more thing, if i want to do international business/finance law, NYC must be much better than TX right? I feel most TX firms deal with TX companies?

I heard from a lawyer not long ago that deal size really matters in how much you get paid. I'm assuming that if a transaction is international and it's handled by a biglaw firm, it must be big, if nor enormous?


Um...In the United States, the city of Houston has the second highest number of fortune 500 companies (NYC has the most). So, I believe it is safe to say that TX firms deal with all forms of companies.

OP - if you want to go to Fordham, go to Fordham. But for the purposes of employment, Fordham isn't better than UT.

As to your other statement, your pay is based off of what the firm told you it was going to pay you, and there are plenty of smaller international transactions that are handled by larger firms.


Oh, don't please don't misunderstand me. Personally, I like UT better than Fordham. It's just that my college friends who are at Fordham now told me that Fordham may be better than Cornell for NYC. So that really gets me to start this discussion.

Your college friends are delusional. Cornell kicks Fordham's ass in NYC, especially recently.
OP, given your goals I would go to UT

aliarrow
Posts: 886
Joined: Tue Mar 15, 2011 6:08 pm

Re: Fordham or UT Austin

Postby aliarrow » Thu May 26, 2011 10:27 am

I'd personally advise you not to go to law school.

You seem to be doing it solely for money, and you're going to be in for a huge disappointment.

mz253
Posts: 319
Joined: Thu Mar 25, 2010 11:18 pm

Re: Fordham or UT Austin

Postby mz253 » Thu May 26, 2011 10:35 am

aliarrow wrote:I'd personally advise you not to go to law school.

You seem to be doing it solely for money, and you're going to be in for a huge disappointment.


nah, just for the first couple of years, try to get back the investment. hope you understand.

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bgdddymtty
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Re: Fordham or UT Austin

Postby bgdddymtty » Thu May 26, 2011 10:47 am

The real question here is, which is more important, all the NYC stuff or the money?

If money, and by that you mean your actual disposable income rather than the gross salary number, this is a no-brainer. If you look at $160K in NYC vs. $145K in TX, you'd take home less money in NYC based on state and city income taxes alone! Factor in the actual cost of living, and $160K in NYC is worth less than $80K in TX. Sure, NYC bonuses will be bigger, but you'd have to make partner before you ended up financially better off there than in TX.

mz253
Posts: 319
Joined: Thu Mar 25, 2010 11:18 pm

Re: Fordham or UT Austin

Postby mz253 » Thu May 26, 2011 12:54 pm

bgdddymtty wrote:The real question here is, which is more important, all the NYC stuff or the money?

If money, and by that you mean your actual disposable income rather than the gross salary number, this is a no-brainer. If you look at $160K in NYC vs. $145K in TX, you'd take home less money in NYC based on state and city income taxes alone! Factor in the actual cost of living, and $160K in NYC is worth less than $80K in TX. Sure, NYC bonuses will be bigger, but you'd have to make partner before you ended up financially better off there than in TX.


I think you raise a very good point. My goal is to get back my law school investment asap so getting a smaller paycheck in TX may end up saving more.

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Aberzombie1892
Posts: 1907
Joined: Sun Mar 29, 2009 10:56 am

Re: Fordham or UT Austin

Postby Aberzombie1892 » Thu May 26, 2011 1:50 pm

mz253 wrote:
bgdddymtty wrote:The real question here is, which is more important, all the NYC stuff or the money?

If money, and by that you mean your actual disposable income rather than the gross salary number, this is a no-brainer. If you look at $160K in NYC vs. $145K in TX, you'd take home less money in NYC based on state and city income taxes alone! Factor in the actual cost of living, and $160K in NYC is worth less than $80K in TX. Sure, NYC bonuses will be bigger, but you'd have to make partner before you ended up financially better off there than in TX.


I think you raise a very good point. My goal is to get back my law school investment asap so getting a smaller paycheck in TX may end up saving more.


Big law/mid law salaries in TX (at least in Houston, Dallas, and Austin) mirror NYC salaries. $160K.

aliarrow
Posts: 886
Joined: Tue Mar 15, 2011 6:08 pm

Re: Fordham or UT Austin

Postby aliarrow » Thu May 26, 2011 2:28 pm

mz253 wrote:
bgdddymtty wrote:The real question here is, which is more important, all the NYC stuff or the money?

If money, and by that you mean your actual disposable income rather than the gross salary number, this is a no-brainer. If you look at $160K in NYC vs. $145K in TX, you'd take home less money in NYC based on state and city income taxes alone! Factor in the actual cost of living, and $160K in NYC is worth less than $80K in TX. Sure, NYC bonuses will be bigger, but you'd have to make partner before you ended up financially better off there than in TX.


I think you raise a very good point. My goal is to get back my law school investment asap so getting a smaller paycheck in TX may end up saving more.


You'll end up with much more take home money from Texas. If you don't have any location preference, just go to UT.

mz253
Posts: 319
Joined: Thu Mar 25, 2010 11:18 pm

Re: Fordham or UT Austin

Postby mz253 » Thu May 26, 2011 8:29 pm

Aberzombie1892 wrote:
mz253 wrote:
bgdddymtty wrote:The real question here is, which is more important, all the NYC stuff or the money?

If money, and by that you mean your actual disposable income rather than the gross salary number, this is a no-brainer. If you look at $160K in NYC vs. $145K in TX, you'd take home less money in NYC based on state and city income taxes alone! Factor in the actual cost of living, and $160K in NYC is worth less than $80K in TX. Sure, NYC bonuses will be bigger, but you'd have to make partner before you ended up financially better off there than in TX.


I think you raise a very good point. My goal is to get back my law school investment asap so getting a smaller paycheck in TX may end up saving more.


Big law/mid law salaries in TX (at least in Houston, Dallas, and Austin) mirror NYC salaries. $160K.


what do you mean by "mirror?" same size pay check? or same size after tax?

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bgdddymtty
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Re: Fordham or UT Austin

Postby bgdddymtty » Thu May 26, 2011 9:02 pm

mz253 wrote:
Aberzombie1892 wrote:
mz253 wrote:
bgdddymtty wrote:The real question here is, which is more important, all the NYC stuff or the money?

If money, and by that you mean your actual disposable income rather than the gross salary number, this is a no-brainer. If you look at $160K in NYC vs. $145K in TX, you'd take home less money in NYC based on state and city income taxes alone! Factor in the actual cost of living, and $160K in NYC is worth less than $80K in TX. Sure, NYC bonuses will be bigger, but you'd have to make partner before you ended up financially better off there than in TX.


I think you raise a very good point. My goal is to get back my law school investment asap so getting a smaller paycheck in TX may end up saving more.


Big law/mid law salaries in TX (at least in Houston, Dallas, and Austin) mirror NYC salaries. $160K.


what do you mean by "mirror?" same size pay check? or same size after tax?
Same gross starting salary (i.e., way more after taxes). For whatever reason, alreadybored.com is down, but here's the cached version (LinkRemoved) of their Dallas salaries page. Not everyone pays $160K, but most firms do.

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DoubleChecks
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Re: Fordham or UT Austin

Postby DoubleChecks » Thu May 26, 2011 9:42 pm

bgdddymtty wrote:Same gross starting salary (i.e., way more after taxes). For whatever reason, alreadybored.com is down, but here's the cached version (LinkRemoved) of their Dallas salaries page. Not everyone pays $160K, but most firms do.


yeah, TX biglaw pay $160k.




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