AllTheLawz wrote:How are you guys going about coming up with a coherent bid order strategy? Most of the firms I am looking at have had so many slots that they interviewed nearly everybody that bid (according to last year's EIP stats).. I basically only have 4-5 firms that need to be in my top 10 and at least one of those is a place that is fairly unlikely to hire me. Does bid order even matter for people not bidding NYC?
Idiots guide to creating a bid order:
1. Take OCS' 2011 EIP stats excel spreadsheet.
2. Create new column; label column "Bids per interview slot"
3. Click first row in that column, and enter: =[Whatever the column letter of the column for number of bids is]2/[Whatever the column letter of the column for number of interview slots is]2. Apply this formula to the entire column.
4. Highlight the entire column and right click on it. Sort in descending order.
5. Pick out your firms, with 1 being the highest firm on the list and 35 being the lowest.
6. Move up slightly any firms that you either (1) can't afford not to get an interview with, because your grades are poor and you need to bid conservatively, or (2) really want an interview with, paying attention to the aggressiveness of your bid order if you feel like you're defeating your efforts in (1), and move down slightly any firms where you don't really care if you get an interview. Also, feel free to account for predictions of trends in firm desirability (People last year were still really afraid of getting Latham'ed, while this year they're v10 (LOL) and another year removed from pwning associates, for example).