disco_barred wrote:rayiner wrote:The offer rate is largely useless because it's not a predictor of future performance.
Slightly disagree, since I think it's useful as part of the big picture. The aggregate of the past 3 years summer class sizes, offer rate, starting salary, layoff news, and deferal news paint a pretty solid picture of firm financial strength and management style when compared across firms.
The offer rate is almost entirely a function of of the transient gap between 2008 over-hiring and available work in 2009. I think it does give insight into firm management style, but I don't think that information is particularly useful at the bidding stage where you have 50 or so bids to work with. There aren't enough healthy firms to fill your bid list with even mostly those, and in a lottery system your bid ordering should be more concerned with gaming based on firm popularity and class size than second-order stuff like firm health.