ksllaw wrote:jetsfan1 wrote:Why are business schools and other grad schools not as numbers-obsessed though? Do they not care about USNews as much?
Not really, they don't (although it is still important to a large extent, just not like with law schools). I don't know much about business school but I do know for med schools, rank is much less important because pretty much everyone gets a job coming out. Therefore, students are much less concerned with where they go to school, and consequently, rankings tend to matter less bc schools dont need a high ranking/reputation to attract students.
This is a different question, but should the ABA regulate law school admissions to control for the oversupply in the market?
I believe the AMA has a hand in medical school admissions, by setting the enrollment capacity each year. If I remember correctly, it's based on what they expected demand for medical services is in the U.S. They actively take a role in determining the size/supply of medical doctors going out into the market.
This seems to have many positives. At the very least, it helps prevent oversupply problems. And, some might argue that it ensures highly competent doctors. Only the "best" are able to get into medical school. And it protects medical school graduates' job prospects and salaries. If one simply graduates from medical school in the U.S., I believe it is around a 95% rate that they end up in a U.S. residency. Those graduating from Carribean medical schools have about a 50% U.S. medical residency rate.
The downside is that the tighter admissions controls make medical school difficult to get into (but certainly that can be seen as a positive as well, in terms of ensuring a highly qualified class), because there aren't as many slots as with law school. But if one is able to get in to a medical school, then there are little fears of graduating without a job.
I agree with your post, but I'd like to add that even though medical school enrollment is kept in check, what really controls the supply of doctors is the government. You could double the class size of all med schools but it wouldn't make any difference in licensed doctor supply since the number of available residency slots is determined by funding provided through Medicare. The number of spots has been stagnant for years even as med school spots go up. With this set up, it is possible that sometime down the road med grads could face the same problem as law grads. Too many grads and not enough residency spots.