Class of 2015 Employment Statistics by School: #TrustTheProcess Forum

[BigZuck]

Haven't read the thread yet but I'm assuming Michigan sucked it up again and at least 3 of the pages are Michigan apologists apologizing for Michigan sucking it up again

Can anyone confirm?

[Nebby]

To cavalier: I'm the person who said 160k is not "living well" in NYC. I stand by that statement, but NYC/SF, etc. are unusual places in the United States. You can easily "live well" off 50k/60k in other parts of the country.

Also, you shouldn't take this so personally. We aren't discounting PI as real, legal jobs. Although I'm in biglaw, my spouse is a hiring attorney in PI in NYC who has only done PI and has no intention of working in a firm. (But yeah, like a lot of other PI attorneys, my spouse had no loans and also sort of has a trust fund, which is why I made that point about people who don't have debt going into PI/government.)

160k is living well in NYC.

Majority of people that go into PI at my school have law school debt, and the school's LRAP pays for it all.

[krads153]

Majority of people that go into PI at my school have law school debt, and the school's LRAP pays for it all. 160k is living well in NYC.

Not if you live in Manhattan... Rents are obscene and keep going up like 200-300 every year, unless you have rent stabilized/controlled apartments. Average one bed is now roughly 3300 a month. Average one bed in SF is like 3500, which is even worse.

I'm just waiting for the average to be 4000 a month.....if you have law school debt on top of that, it's almost comical how expensive it is.

[usernotfound]

Majority of people that go into PI at my school have law school debt, and the school's LRAP pays for it all. 160k is living well in NYC.

Not if you live in Manhattan... Rents are obscene and keep going up like 200-300 every year, unless you have rent stabilized/controlled apartments. Average one bed is now roughly 3300 a month.

That's crazy. Jesus.

[Nebby]

Majority of people that go into PI at my school have law school debt, and the school's LRAP pays for it all. 160k is living well in NYC.

Not if you live in Manhattan... Rents are obscene and keep going up like 200-300 every year, unless you have rent stabilized/controlled apartments. Average one bed is now roughly 3300 a month.

You must not be good at finding places to live. My two bedroom is $2600 in Harlem

[krads153]

Majority of people that go into PI at my school have law school debt, and the school's LRAP pays for it all. 160k is living well in NYC.

Not if you live in Manhattan... Rents are obscene and keep going up like 200-300 every year, unless you have rent stabilized/controlled apartments. Average one bed is now roughly 3300 a month.

You must not be good at finding places to live. My two bedroom is $2600

That's the average from a news article published recently (I can dig around later for it). Not just my personal experience. I'm talking about average specifically in Manhattan though.

[Nebby]

Majority of people that go into PI at my school have law school debt, and the school's LRAP pays for it all. 160k is living well in NYC.

Not if you live in Manhattan... Rents are obscene and keep going up like 200-300 every year, unless you have rent stabilized/controlled apartments. Average one bed is now roughly 3300 a month.

You must not be good at finding places to live. My two bedroom is $2600

That's the average from a news article published recently (I can dig around later for it). Not just my personal experience.

Median is probably more useful than average for this conversation, and the fact that plenty of people can live in Queens and BKLN and still be within a 20 or 30 minute commute to work makes your point less effectual.

[krads153]

Majority of people that go into PI at my school have law school debt, and the school's LRAP pays for it all. 160k is living well in NYC.

Not if you live in Manhattan... Rents are obscene and keep going up like 200-300 every year, unless you have rent stabilized/controlled apartments. Average one bed is now roughly 3300 a month.

You must not be good at finding places to live. My two bedroom is $2600

That's the average from a news article published recently (I can dig around later for it). Not just my personal experience.

Median is probably more useful than average for this conversation

It could be one of the following (not sure it specified) - median/mode/mean. Dunno which. I'll look for it later. Basically it was an article bitching about rent increases over the past 7-10 years in Manhattan.

[Nebby]

You have scant support for your proposition that 160k is not "living well" in NYC. Maybe think about before shooting from the hip next time

[krads153]

Majority of people that go into PI at my school have law school debt, and the school's LRAP pays for it all. 160k is living well in NYC.

Not if you live in Manhattan... Rents are obscene and keep going up like 200-300 every year, unless you have rent stabilized/controlled apartments. Average one bed is now roughly 3300 a month.

You must not be good at finding places to live. My two bedroom is $2600

That's the average from a news article published recently (I can dig around later for it). Not just my personal experience.

Median is probably more useful than average for this conversation, and the fact that plenty of people can live in Queens and BKLN and still be within a 20 or 30 minute commute to work makes your point less effectual.

The issue is that these parts are also gentrifying and getting super expensive. Parts of brooklyn are basically just as expensive as Manhattan now.

If it keeps going at the same rate, one beds will cost like 5000 in a few years.

[stretchedtoothin]

let's..not have this argument in this thread, as it's been discussed ad nauseum in other threads

[Nebby]

let's..not have this argument in this thread, as it's been discussed ad nauseum in other threads

Good call

[krads153]

http://nypost.com/2015/06/10/its-basica ... manhattan/

Not the same article, but here's an excerpt:

Almost 99 percent of Manhattan rentals are currently occupied, according to a new market report.

The vacancy rate is now 1.07 percent, the lowest it has been in three years, Citi Habitats reports.

Last year at this time, Manhattan vacancies were at 1.17 percent.

At the same time, rents are at their highest. Manhattan dwellers pay, on average, $4,081 a month — from Inwood to the Financial District — for the privilege of living in Gotham.

That tops the previous average rent record of $3,902, which was set in May 2014, according to realty giant Douglas Elliman.

Here's another article: http://www.businessinsider.com/manhatta ... rds-2015-3

New York rent is famously expensive.

Now it's getting even worse.

According to a Bloomberg report, the average monthly rent in February for a studio apartment in Manhattan is $2,351.

The average rent for a one-bedroom is $3,400.

[zot1]

I mean, I can honestly see why 160 is not a lot. First of all, you get a ton of taxes taken out. Then, you get school loan payments. Then your health insurance is probably more than what I pay in my government job. Then rent, even at 2500k is a lot. Plus utilities. And eating. And if you're in biglaw, you probably eat out a lot. And the city is expensive, so if you go to a show, you probably drop quite a bit of money. And bottle service at clubs is expensive too.

[Tiago Splitter]

To anyone freaking out about these numbers, you have to keep in mind that not long ago all we had was biglaw and clerk percentages, neither of which were terribly well compiled, but at least it was something. Then PI/Gov stuff started trickling out, but we had little idea of how much was actually real, long term employment not funded by the school. So now that we have better access to that info, maybe we can start compiling a new metric by which to compare schools, but if the goal is to compare apples to apples across years you really can't do that with PI/Gov mixed in.

[jnwa]

I mean, I can honestly see why 160 is not a lot. First of all, you get a ton of taxes taken out. Then, you get school loan payments. Then your health insurance is probably more than what I pay in my government job. Then rent, even at 2500k is a lot. Plus utilities. And eating. And if you're in biglaw, you probably eat out a lot. And the city is expensive, so if you go to a show, you probably drop quite a bit of money. And bottle service at clubs is expensive too.

dumbasses on here never factor in the price of bottle service.

[krads153]

I mean, I can honestly see why 160 is not a lot. First of all, you get a ton of taxes taken out. Then, you get school loan payments. Then your health insurance is probably more than what I pay in my government job. Then rent, even at 2500k is a lot. Plus utilities. And eating. And if you're in biglaw, you probably eat out a lot. And the city is expensive, so if you go to a show, you probably drop quite a bit of money. And bottle service at clubs is expensive too.

Health insurance is like 350-400 bucks per month for a single. It's because we're paying for all of the olds and their chillen.

I'm pretty sure I'd have the same standard of living in flyover making like 50k a year since COL is like 5 times as much here.

[zozo]

Illinois - 28.7% (and a rather high 13.8% unemployed/unknown)

https://www.law.illinois.edu/content/pd ... ary.pdf?v1

[zot1]

I mean, I can honestly see why 160 is not a lot. First of all, you get a ton of taxes taken out. Then, you get school loan payments. Then your health insurance is probably more than what I pay in my government job. Then rent, even at 2500k is a lot. Plus utilities. And eating. And if you're in biglaw, you probably eat out a lot. And the city is expensive, so if you go to a show, you probably drop quite a bit of money. And bottle service at clubs is expensive too.

Health insurance is like 350-400 bucks per month for a single. It's because we're paying for all of the olds and their chillen.

I'm pretty sure I'd have the same standard of living in flyover making like 50k a year since COL is like 5 times as much here.

It depends. Although I guess if I rented an apartment vs a house, I would be taking home a lot more than I am now.

[Serett]

Marquette is up. Someone who cares more can divide shit.

[zozo]

Tulane- 18.7%

http://www.law.tulane.edu/uploadedFiles ... ry2015.pdf

[Nebby]

Marquette is up. Someone who cares more can divide shit.

I'll wait for the ABA form. I can't quite tell what the hell is going on with their stats. Look at the firm break down. Some of them say like 6/7. So is it 6 or 7 who are in that category or what?

[SportsFan]

I mean, I can honestly see why 160 is not a lot. First of all, you get a ton of taxes taken out. Then, you get school loan payments. Then your health insurance is probably more than what I pay in my government job. Then rent, even at 2500k is a lot. Plus utilities. And eating. And if you're in biglaw, you probably eat out a lot. And the city is expensive, so if you go to a show, you probably drop quite a bit of money. And bottle service at clubs is expensive too.

Health insurance is like 350-400 bucks per month for a single. It's because we're paying for all of the olds and their chillen.

I'm pretty sure I'd have the same standard of living in flyover making like 50k a year since COL is like 5 times as much here.

Shoulda gone with soothing government work. I pay $80 a month for health care.

[stretchedtoothin]

http://www.law.fsu.edu/docs/default-sou ... f?sfvrsn=8

FSU

[Serett]

Marquette is up. Someone who cares more can divide shit.

I'll wait for the ABA form. I can't quite tell what the hell is going on with their stats. Look at the firm break down. Some of them say like 6/7. So is it 6 or 7 who are in that category or what?

Now I got curious and tried to figure it out by reverse-engineering, and I still can't. Yeah, not sure what on earth they're doing there.

It looks like that should be # reporting salary/total number in category, and while I still feel somewhat confident that's what it is, I can't get the numbers to mesh with what's listed elsewhere.