untar614 wrote:Ling520 wrote:untar614 wrote:jbagelboy wrote:
Columbia is #1 for mean pay out of law school according to the actual forbes ranking. Stanford is #1 for mid career.
Columbia dominates the out of LS figure because more HYS kids get prestigious fed clerkships, which are lower paying than market salary at large NYC firms.
The more recent editions of that article give the same results: http://www.forbes.com/pictures/efkk45eg ... -school-2/
Columbia has the top median pay right out of school, but HLS is the clear winner mid-career. In fact, CLS seems to lag several other schools in the mid-career pay metric. Any thoughts as to why this might be the case?
I think jbagelboy covered it with the prestigious fed clerkships.
But why does Coumbia's mid-career median salary fall behind Chicago, UVA, Duke and NYU's?
It could easily just be that in one year less ~40 year old CLS alumns reported scores than another year. the metric is very far from foolproof. What does "mid-career" even mean?
Exit options from clerking tend to be more lucrative than biglaw exit options. So schools like UChicago and HYS with high clerkship numbers might see a higher return. For the others, I bet if you remove the skewy factors in the data, CLS, NYU, Duke, ect will all even out to roughly the same "mid-career" (post-biglaw) salary medians