mikeytwoshoes wrote: lsb wrote: theghostofDrewTate wrote:
mikeytwoshoes wrote:How far into the class at Iowa does your firm hire in a good economy?
It's hard to say. The recruiting department gives everyone a score based on GPA, so theoretically, you could overcome a bad (but not horrific) GPA if you are on LR, interview well and have something else that impresses the interviewer (IP background or CPA for example). That said outside the top 10%, you're definitely fighting an uphill battle. Most people who get offers are in the top 5% range.
So would you say that you need to be in the top 10% to get an offer at a decent firm (not necessarily biglaw)?
He's talking about his firm.
I think you should provide some elements of decent firms.
It's really going to depend on the economy and where you want to go. The big firms in many markets are reeling right now. The class immediately ahead of you is in terrible shape and I suspect that maybe 70 or 80% of the class will go without offers after OCI. In a normal year, I would expect that number to be more like 60%. Many firms are going to hire fewer summers, and those summers that are hired will generally come from schools that are better than Iowa. Hoepfully the market will start to clear and hiring will pick back up by next year.
If you consider DC biglaw good, you'll probably need at least top 5% and LR. NY or Chicago probably top 10%, maybe top 15%. Minneapolis, Phoenix, Denver, KC, Minneapolis or St. Louis, probably top quarter, maybe top third (maybe higher for Minneapolis). Even the good firms in Cedar Rapids, the Quad Cities, Omaha and Des Moines have very steep cutoffs at Iowa. Moral of the story, study hard, but make time to tailgate, hang out with friends and go to bar night every week. But seriously, get good grades. The career services people will pitch some song and dance about interviewing in OCI no matter what your grades are and how every year someone "beats the cutoff" or something. Don't buy it. I have plenty of friends pulling low 40's a few years out, so again, get good grades!
And one more thing - keep the debt low. When you look at the career services stats, consider the outliers. You take one guy making biglaw market (160) and add in three guys making 40k (120 total) and you come up with a $70k average starting salary, but only one guy is going to be able to comfortably pay off any material amount of debt.