Geneva wrote:how credible is this chart? also, does anyone have data on %ages of graduates of top schools that are "employed" due to paid fellowships from their alma mater? apparently it's 10+% at uva, gulc, and possibly mich. assuming that grades are mostly random (the jury is still out on this one) , going to these schools is like flipping a coin toss re:future earnings.
If you're dead set on making 160K and you think going to UVA or Michigan gives you nothing better than a coin toss chance, law school is probably a bad idea. I think it's much better than a coin toss chance--something in the realm of not guaranteed, but very likely if you keep your wits about you.
The 10% figure you're referring to happened for c/o 2010, which got hammered with no-offers and dealing with their job search right as the crash was happening. I'm sure most schools, including elite schools, had to offer many more school-sponsored post-grad jobs that year, although some more than others. Historically most schools have had programs like that, although at the T-14 only a couple graduates seem to have needed to use it pre-crash.
I don't know if grades are random, but the way the curve works end up putting a lot of people right around median. Everything I've read here about Biglaw interviewing indicates very strong grades can snag you a job in and of themselves, but median-ish is median-ish, whether you're slightly above or below it. E.g.: if the median is a 3.3, a 3.4 isn't automatically going to beat out a 3.2--very far from it. If the 3.2 is more attractive in other ways they may easily do better than the 3.4.