Pure Pre-Select vs. Pure Lottery vs. Hybrid

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WearyCartographer
Posts: 42
Joined: Mon Jun 25, 2012 12:41 am

Pure Pre-Select vs. Pure Lottery vs. Hybrid

Postby WearyCartographer » Fri Jul 06, 2012 6:09 pm

I'm wondering what TLSers thoughts are on the different type of OCI/EIP/etc. bidding systems. My thought process has always been that people with high GPAs benefit from pre-select systems, while people with median and below GPAs stand to benefit from lottery systems. Are there any other advantages/disadvantages to the different type of bidding systems that I am overlooking?

Just interested in what type of selection systems people prefer and also if any knows or wants to take a guess at why different schools choose different types of systems, I'd be interested in that as well. It seems to me that even among peer schools there is a variation in the type of bidding used.

chasgoose
Posts: 715
Joined: Fri Jan 07, 2011 10:18 pm

Re: Pure Pre-Select vs. Pure Lottery vs. Hybrid

Postby chasgoose » Fri Jul 06, 2012 6:22 pm

People with high grades prefer preselect

People with above median but not amazing grades probably prefer hybrid

People with median and below grades prefer pure lottery

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Lincoln
Posts: 1032
Joined: Tue Nov 03, 2009 11:27 pm

Re: Pure Pre-Select vs. Pure Lottery vs. Hybrid

Postby Lincoln » Fri Jul 06, 2012 6:37 pm

chasgoose wrote:People with high grades Firms prefer preselect

People with above median but not amazing grades probably prefer hybrid

People with median and below grades
Students prefer pure lottery


FTFY

dixon02
Posts: 374
Joined: Wed Feb 22, 2012 2:27 am

Re: Pure Pre-Select vs. Pure Lottery vs. Hybrid

Postby dixon02 » Fri Jul 06, 2012 6:57 pm

Lincoln wrote:
chasgoose wrote:People with high grades Firms prefer preselect

People with above median but not amazing grades probably prefer hybrid

People with median and below grades
Students prefer pure lottery


FTFY


No you didn't. He had it right the first time.

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kalvano
Posts: 11726
Joined: Mon Sep 07, 2009 2:24 am

Re: Pure Pre-Select vs. Pure Lottery vs. Hybrid

Postby kalvano » Fri Jul 06, 2012 6:59 pm

chasgoose wrote:People with high grades prefer preselect

People with above median but not amazing grades probably prefer hybrid

People with median and below grades prefer pure lottery



Yeah, pretty much this.

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Lincoln
Posts: 1032
Joined: Tue Nov 03, 2009 11:27 pm

Re: Pure Pre-Select vs. Pure Lottery vs. Hybrid

Postby Lincoln » Fri Jul 06, 2012 7:03 pm

dixon02 wrote:
Lincoln wrote:
chasgoose wrote:People with high grades Firms prefer preselect

People with above median but not amazing grades probably prefer hybrid

People with median and below grades
Students prefer pure lottery


FTFY


No you didn't. He had it right the first time.


I was being facetious, but I actually do think that the lottery system is not as disadvantageous to top and above-median students as people seem to think. After all, how many top students from schools with a pure lottery do you know who did not get offers from top firms and expected it? The big difference is to firms, for whom the ability to pre-screen is obvious.




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