tkgrrett wrote: mistergoft wrote:
wiseowl wrote:The article assumes that the stats on Payscale are a statistically representative sample. I'd be extremely surprised if they are. I'd never heard of Payscale or ever visited it until reading this article.
I'm not going to do the math, but if you take the number of graduates from what essentially appears to be T1 and T2 schools over the last 5 years, I'd be surprised if 28,000 is enough to matter. I'd also be surprised if those 28,000 were accurate.
Still, "transparency" is always welcome, I guess.
I can't speak for other schools, but the data for my T1 seems much more realistic than the self-reported numbers, therefore I am obliged to give some (albeit not much) legitimacy to the study.
I dont see why people are speculating on this. All the data is at their website. Here is a link to get you started: http://www.payscale.com/research/US/Sch ... ary/by_Job
Notice that UChicago has a whopping 13 individuals reporting. The 160K jobs apparently dont exist AT ALL.
How are you inferring this from the graph? These are medians by job type. The 13 people reporting is screwy, tho.
These are all interesting:http://www.payscale.com/research/US/Sch ... loyer_Typehttp://www.payscale.com/research/US/Sch ... Experiencehttp://www.payscale.com/research/US/Sch ... ary/by_Job
Not sure exactly what to make of this, but the numbers they are citing are not telling the whole story. At firms, from UPenn, median is $160. The only way I can reconcile the Years Experience graph with the others is that there are a few people with 1-4 years experience sprinkled throughout the different types of employers, with the half or more at each type of employer making "market" or above.
Graduates 5-9 years out are making $210. The only way I can reconcile this with their number is that there is overreporting by people in the 1-4 years category that are are not making market or overreporting by those a few years out that are making market (or people that go to UPenn and miss biglaw tend to dominate 5-9 years out by doing something else).
Bottom line, these numbers do not seem representative.