Any consensus on the OCI market this year?

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Any consensus on the OCI market this year?

Postby Anonymous User » Wed Aug 14, 2013 4:00 pm

I'm curious, especially about bottom T14 schools because I'm an alum from there and I got a friend who struck out this year so far. He had pretty decent grades, but he's still gotta hustle I suppose.

How has OCI been so far for you all and what's the word on the street as to how tough it is for your piers?

BTW: Isn't this class (2015) supposed to be the first one that nobody can feel sorry for?
Last edited by Anonymous User on Wed Aug 14, 2013 4:33 pm, edited 1 time in total.

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Re: Any consensus on the OCI market this year?

Postby Anonymous User » Wed Aug 14, 2013 4:24 pm

Anonymous User wrote:Isn't this class (2015) supposed to be the one that nobody can feel sorry for?


What does this mean?

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Re: Any consensus on the OCI market this year?

Postby Anonymous User » Wed Aug 14, 2013 4:26 pm

Anonymous User wrote:
Anonymous User wrote:Isn't this class (2015) supposed to be the one that nobody can feel sorry for?


What does this mean?

I think his point is that we should have known what we were getting ourselves into.

I think it is way too early to figure out unless we are just basing this on class size.

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Danger Zone
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Re: Any consensus on the OCI market this year?

Postby Danger Zone » Wed Aug 14, 2013 5:08 pm

Image

Anonymous User
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Re: Any consensus on the OCI market this year?

Postby Anonymous User » Wed Aug 14, 2013 5:09 pm

Anonymous User wrote:I'm curious, especially about bottom T14 schools because I'm an alum from there and I got a friend who struck out this year so far. He had pretty decent grades, but he's still gotta hustle I suppose.

How has OCI been so far for you all and what's the word on the street as to how tough it is for your piers?

BTW: Isn't this class (2015) supposed to be the first one that nobody can feel sorry for?


So far, based on very limited experiences, BAD. but it's still incredibly early. MVPB.

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Re: Any consensus on the OCI market this year?

Postby Anonymous User » Wed Aug 14, 2013 5:14 pm

Anonymous User wrote:
Anonymous User wrote:I'm curious, especially about bottom T14 schools because I'm an alum from there and I got a friend who struck out this year so far. He had pretty decent grades, but he's still gotta hustle I suppose.

How has OCI been so far for you all and what's the word on the street as to how tough it is for your piers?

BTW: Isn't this class (2015) supposed to be the first one that nobody can feel sorry for?


So far, based on very limited experiences, BAD. but it's still incredibly early. MVPB.


+1

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Re: Any consensus on the OCI market this year?

Postby Anonymous User » Wed Aug 14, 2013 5:15 pm

from my anecdotal experience with my firm, they are taking a smaller summer class this year (down ~10%). I have no idea whether other firms are doing the same.

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Re: Any consensus on the OCI market this year?

Postby Anonymous User » Wed Aug 14, 2013 5:16 pm

MVP - Really bad unless your top of the class or a minority.

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Re: Any consensus on the OCI market this year?

Postby Anonymous User » Wed Aug 14, 2013 5:18 pm

Top 10 percent at my T14 has been doing well.

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Re: Any consensus on the OCI market this year?

Postby Bildungsroman » Wed Aug 14, 2013 5:18 pm

Way too early to tell. And you won't get a good answer here because of things like selection bias and the fact that no one person can really identify a trend herself.

Anonymous User wrote:BTW: Isn't this class (2015) supposed to be the first one that nobody can feel sorry for?

No way man, even when the class of 2013 was enrolling the legal market had gone to shit and the fact of schools' terrible employment prospects were common knowledge. The people to feel sorry for aren't even enrolled any more.

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Re: Any consensus on the OCI market this year?

Postby Anonymous User » Wed Aug 14, 2013 5:30 pm

Just checked some of the OCI threads and there seem to be a lot of "no-callbacks, median student" this year; more than I remember from last year. On the other hand, with the self-selective bias and all the use of anonymous, it might not really shown any pattern.

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Re: Any consensus on the OCI market this year?

Postby Anonymous User » Wed Aug 14, 2013 5:59 pm

Top 20% MVPB with work experience... ... BAD!! All my interviews have been so pleasant with personal connections... why!!?!

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Re: Any consensus on the OCI market this year?

Postby Anonymous User » Wed Aug 14, 2013 7:20 pm

Anonymous User wrote:Top 20% MVPB with work experience... ... BAD!! All my interviews have been so pleasant with personal connections... why!!?!


+1

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Re: Any consensus on the OCI market this year?

Postby 09042014 » Wed Aug 14, 2013 8:28 pm

Bildungsroman wrote:Way too early to tell. And you won't get a good answer here because of things like selection bias and the fact that no one person can really identify a trend herself.

Anonymous User wrote:BTW: Isn't this class (2015) supposed to be the first one that nobody can feel sorry for?

No way man, even when the class of 2013 was enrolling the legal market had gone to shit and the fact of schools' terrible employment prospects were common knowledge. The people to feel sorry for aren't even enrolled any more.


2012 was on warning too. Some idiots were still talking about full employment for T14 at OCI in 2009 when they showing up for classes, but most people knew it was fucked. All of 2009 biglaw was slashing and burning associate ranks. In fact, 2011 OCI was better than many expected.

I wouldn't have gone to school if I was C/O 2012. It was only after I saw that big law was still doing some hiring during c/o 2011 that I thought was safe.

2015 probably got a bit screwed since they were making their choice with C/O 2013 OCI rumors which said it was getting better, after 2012 was better than 2011. But in 2014, there wasn't really an improvement, maybe even a decline. This is the new normal.

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Re: Any consensus on the OCI market this year?

Postby Anonymous User » Wed Aug 14, 2013 8:57 pm

I think we'd have a better idea by next week. The only friends I know from my lower T14 school with offers are from firms that are known for and do make day-of offers.

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Re: Any consensus on the OCI market this year?

Postby zman » Wed Aug 14, 2013 9:00 pm

2010-2013 class is the biggest most talented class ever. It's taking them a while to decide who to call back since they have so many options. :mrgreen:

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Re: Any consensus on the OCI market this year?

Postby Anonymous User » Wed Aug 14, 2013 9:06 pm

FWIW it has been feast or famine at my MVP. I've been relatively successful -- 12 CBS with V30 firms but I think I have a lot going for me outside of school/grades.

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Re: Any consensus on the OCI market this year?

Postby Anonymous User » Wed Aug 14, 2013 9:18 pm

Anonymous User wrote:FWIW it has been feast or famine at my MVP. I've been relatively successful -- 12 CBS with V30 firms but I think I have a lot going for me outside of school/grades.


+1 here. Though I've noticed a ton of firms sitting on rejects and CBs and waiting and seeing how things shake up.

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Re: Any consensus on the OCI market this year?

Postby Anonymous User » Wed Aug 14, 2013 9:20 pm

Anonymous User wrote:FWIW it has been feast or famine at my MVP. I've been relatively successful -- 12 CBS with V30 firms but I think I have a lot going for me outside of school/grades.


I take it you're at P. I don't think M has started yet, and I don't think most kids at V have even had 12 interviews atp.

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Re: Any consensus on the OCI market this year?

Postby Anonymous User » Wed Aug 14, 2013 9:23 pm

its a bloodbath.

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Re: Any consensus on the OCI market this year?

Postby Anonymous User » Wed Aug 14, 2013 9:27 pm

Anonymous User wrote:its a bloodbath.



do you have anything to corroborate this, first day at CCN EIW and it seems that firms took more interview scheudles, why would they do that for less slots, if they pay by the person?

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Re: Any consensus on the OCI market this year?

Postby Anonymous User » Wed Aug 14, 2013 9:35 pm

.

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Re: Any consensus on the OCI market this year?

Postby Anonymous User » Wed Aug 14, 2013 11:05 pm

I go to Cornell and people pretty much get their jobs from the job fair (happened last week). The lowest number of screeners I heard someone got (we're a lottery system so this is all by luck) was like 13 and the largest was 19. Most people scored extra screeners by getting open slots or talking to people in hospitality suites, so I think most people had 15-25ish screeners.

Of the 17 people I know callback # results of:

0 callback: 6 people
1 to 3 callbacks: 3 people
4 to 6 callbacks: 3 people
7 to 9 callbacks: 4 people
10 to 12 callbacks: 1 person

I know of about five people with offers already.

It's a bloodbath and it also isn't. Number of people without callbacks is alarming while I keep hearing about people with like 8 callbacks from 18 screeners. Firms are only going to call back a certain number of people from one school, and certain people who kill at interviews are sweeping up those in their respective target firms (two people with eight callbacks each for example might be looking at V1-V20 vs. V60-80), so even if they don't get offers those offers go to not Cornell students but from students from other schools who made it to the callback stage. Callbacks ARE going out. Just all to the top interviewers of each target ranges of firms.

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Re: Any consensus on the OCI market this year?

Postby bdubs » Wed Aug 14, 2013 11:22 pm

Anonymous User wrote:I go to Cornell and people pretty much get their jobs from the job fair (happened last week). The lowest number of screeners I heard someone got (we're a lottery system so this is all by luck) was like 13 and the largest was 19. Most people scored extra screeners by getting open slots or talking to people in hospitality suites, so I think most people had 15-25ish screeners.

Of the 17 people I know callback # results of:

0 callback: 6 people
1 to 3 callbacks: 3 people
4 to 6 callbacks: 3 people
7 to 9 callbacks: 4 people
10 to 12 callbacks: 1 person

I know of about five people with offers already.

It's a bloodbath and it also isn't. Number of people without callbacks is alarming while I keep hearing about people with like 8 callbacks from 18 screeners. Firms are only going to call back a certain number of people from one school, and certain people who kill at interviews are sweeping up those in their respective target firms (two people with eight callbacks each for example might be looking at V1-V20 vs. V60-80), so even if they don't get offers those offers go to not Cornell students but from students from other schools who made it to the callback stage. Callbacks ARE going out. Just all to the top interviewers of each target ranges of firms.


This is not necessarily the case, these firms know that candidates with 10 callbacks can only accept 1 offer. Some firms have pretty high CB:Offer ratios, so the candidates who have 1 to 3 have a chance to get something. Statistically, it's not overly surprising that a certain number of people will end up with zero when the biglaw emploment rates at a school like Cornell are somewhere between 40 and 66% year to year. Have to hustle to not be one of the ones who winds up jobless

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Re: Any consensus on the OCI market this year?

Postby ExBiglawAssociate » Wed Aug 14, 2013 11:35 pm

Anonymous User wrote:Top 10 percent at my T14 has been doing well.


Least helpful post ever.




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