Unjust Enrichment wrote:
Mulliganstew wrote:Well, their plan is to use the money to get better students and I think it's working. Our class was the best yet in terms of average GPA/LSAT and this one will be even better than us.
This is true, and our class wouldn't even have been part of the ranking from last year since it obviously wasn't nearly filled at the time of the bump to #23. Our class of 2012 should be able to bump our numbers profile a bit. If we drop a bit in this year's rankings, I don't think it'll be a big enough fall to make our big jump last year look like an aberration.
Actually, I think the effect of the gift is overstated. The jump in the rankings occurred before the money could truly have full effect, since the rankings are largely influenced by selectivity. The gift was announced (not yet given) in December, 2008, if I recall, well after the class of 2011 was recruited. Even the effect on the class of 2012 would have been muted, since most scholarships had likely already been given out. This is the first year where we'll really see the impact of the money on selectivity.
Assuming that Indiana actually could have spent ANY substantial money between the time the gift was made and the information for the rankings were compiled and setting aside reputation at 40%, placement statistics at 20% (which money cannot directly influence, aside from possibility giving out "fellowships" to boost placement stats) and selectivity at 25%, you're left with just Faculty Resources at 15%.
Faculty resources is comprised of expenditures per student, student/faculty ratio and library resources. Since I'm doubtful they could count anyone they hired for the next school term (and since I was there and didn't notice any new hires until June) , and library resources can only be elevated so much, I'm going to say that only leaves expenditures per student, which is also dampened because it includes date from both 2007 and 2008. While its certainly plausible that Indiana just threw money out the window and called it spending, I'm going to guess that the administration was limited by existing infrastructure and contracts into spending only slightly more than in previous years. It only costs so much to run a library, even if you'd like to spend more money on students, you're not going to be able to do so with the same base library. In order to drastically increase expenditures, they would have needed to vamp up Career Services, the secretary support, hire a whole lot more people and do a host of other things that, again, I would've noticed.
No, the rankings had far more to do with Indiana's gaming and gradual improvement. The jump from 36 to 23 had good synergy with the gift, but the money will have more to do with accelerating or maintaining Indiana's momentum than it did with starting it. They're going to use most of this money on hiring new faculty and giving out more cash to prospectives, all of which won't show up fully until next year's rankings.
All that being said, they're going to need it badly to keep us from backsliding painfully. Our reputation and class medians need to rise quickly if we want to have a realistic chance at being a T-25er.