Desert Fox wrote:cdd_04 wrote:Desert Fox wrote:ITT People don't understand expected value.
Not quite sure what you are trying to say with this. I think you are saying Yale has a much higher expected value over somewhere like ND. However, I'm not sure you can really look at unreliable data (such as reported average median starting salaries) and use that as expected. Especially considering schools in the top 20-30 often only report median starting salaries 20-40K below place like HYS. If you are going to said 20-30 ranked school for free and HYS for sticker, I'm not sure the ROI is that much greater (way too lazy to do the math) considering your salary after your first 2-3 legal jobs is widely dependent on factors that have little to do with where you went to law school.
But it is based off your first legal job, which is based off where you went to school.
Top20% of ND grads can get big law jobs ITE, and 100% of Yale grads can.
Not necessarily true at all. I know a number of lawyers (not pulling from the extremes here, because I am talking about a large number) that went to schools reporting low median starting salaries as well as high median starting salaries, and they have ended up roughly in the same financial state-with way too much f'ing money. Just like in any career, what you do in your first 10 years of a career does not determine, or necessarily have an impact on, where you will end up 20-30 years down the road. So, really, your earnings later on in your career could have absolutely nothing to do with your first legal job or the school you went to.