scammedhard wrote: Patriot1208 wrote: scammedhard wrote:
Patriot1208 wrote:the nlj and A3 data alone, which is widely accepted to be accurate, would still allow me to reach that conclusion. I don't even need the self reported data of Cornell to make that claim.
I thought the "nlj and A3" data was only for for those working in the "nlj and A3." What about the rest of the class? I'd love to see your reasoning in action. I'd really appreciate you do the math. Thanks.
Think about it this way. In 2008 Cornell had 62% in nlj firms, in 2009 that number dropped to 42% and in 2010 it was back up to 55%. So realistically the number may be ~50% for the class of 2014. It could be higher or a bit lower but this gets my point across.
Lets assume 85% of those nlj people are making 160k and the other 15% are making 100k. Assuming every outcome is just as likely, even if the rest of the class was unemployed your expected value for first year income is (.5*.85*160 =68) + (.5*.15*100=7.5) + 0 for a total of 75.5k. Since we then have A3 clerks who almost always leave to higher paying jobs, a few government workers who will make 70ish or more, and most of the rest of the class will make some money, the expected value is actually much higher. Probably in the range of 90-100k. Obviously what that cauculation doesn't tell you is how skewed it may be to one side, but it's still high. This may not be the best way to look at it, but it provides some perspective.