sharklasers wrote:bk1 wrote:sharklasers wrote:Often, but semi-serious here. How much extra money does he need to get to make burning a year of his life wise?
From Vandy? If they gave him an extra 15k+/year I'd say it is worth it. Assuming he stays afloat this year and isn't going negative in $ by taking a year off.
Otherwise, because of the bimodal salary distribution it's hard to talk in terms of pure $ when rating waiting a year versus getting into a school that places a chunk better.
So, first, you're saying he should wait a year for $45k over three years, not taking tuition hikes into account. That doesn't make sense, given what he'll make if he doesn't flame out and totally just fail overall, which he very well could, but we're assuming he won't for the sake of argument, and if he's going to fail (make < median) at Vandy he'll probably fail wherever he goes anyhow.
And then, second, you're talking about the bimodal salary distribution and trying to speculate about how a higher LSAT might get him up in the rankings enough to land a biglaw job versus a shitty or median job. There's a slightly higher % chance of making the money from a higher school, but the number of contingencies make this seem like an unsound reason to me. Basically, he'd have to do so much better at the hypothetical new school than he would've at Vandy to make it worth delaying a year. And let's face it, it's not like he's getting into Yale next year.
I'd wait a year for potential $$ at MVP. 10-15% increase in career prospects is not tiny.