Put any stock in last year's offer:acceptance ratio?

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Put any stock in last year's offer:acceptance ratio?

Postby Anonymous User » Thu Sep 08, 2011 12:01 pm

Currently deciding between two similarly ranked firms. My school provided last year's data, and one of the firm's had an offer:acceptance ratio of approximately 20% and the other approximately 50%. Should I derive meaning from this, or is it just arbitrary?

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Re: Put any stock in last year's offer:acceptance ratio?

Postby shadow. » Thu Sep 08, 2011 12:12 pm

Seems of little use.

2 possible (of many) explanations:

1) 50% Firm is less prestigious, thus the candidate pool might have fewer offers and thus will accept any offer.
2) 50% Firm is more prestigious, thus it might be the first choice of many.

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Re: Put any stock in last year's offer:acceptance ratio?

Postby imchuckbass58 » Thu Sep 08, 2011 12:16 pm

In addition to what shadow noted above, yield fluctuates wildly year to year. At CLS, STB had something like a 33% yield last year, and around 10% this year, with no meaningful explanation. Schulte went from less than 10% to close to 40%. Cravath from 75% to 40%. So what you're seeing probably isn't indicative of any lasting trend.

I wouldn't draw conclusions unless the yield is ridiculously low (i.e., 1/20) or ridiculously high (i.e., 80%+). Even then, I wouldn't put too much stock in it, except as a confirmatory indicator of other attractive or unattractive qualities.

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