. Forum

[20141023]

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[stuckinthemiddle]

West Virginia University? How?

Another great chart from you, by the way. Your contributions have been invaluable for me this cycle.

[LSATSCORES2012]

Another great chart from you, by the way.

+1

We should have a whole board dedicated to "Regulus's Charts"

[Samara]

What is this chart supposed to show? It seems to be basically cost divided by job prospects, but in the roughest possible way.

[Clearly]

You should be a statistician, not in law! Thanks as always for the awesome stuff.

[jbagelboy]

Lol thanks Regulus -- great work. this will serve will for the uber-cost sensitive TLS'ers among us, although personally I'd always pay a little more for a better shot.

Also, lol @ west virginia in-state being the most cost-effective school. New TLS standard should be "ED WUVA" in lieu of "ED UVA"

[sinfiery]

seriously so much respect gained for WVU

but I think the data is wrong on 250-500 placement figures for WVU

http://www.lstscorereports.com/?school=wvu&show=ABA

[stuckinthemiddle]

What is this chart supposed to show? It seems to be basically cost divided by job prospects, but in the roughest possible way.

It can help you decide between competing offers from different tiered schools (I think). Like it would make the question of how much more a school like Columbia should cost over Fordham much easier to answer.

[Samara]

What is this chart supposed to show? It seems to be basically cost divided by job prospects, but in the roughest possible way.

It can help you decide between competing offers from different tiered schools (I think). Like it would make the question of how much more a school like Columbia should cost over Fordham much easier to answer.

For that, you would want to look at the expected value of each school, not the existing tuition costs.

Assume, for ease of calculation, $160k for biglaw + clerkship and $30k for not that.
Columbia's expected value is then $160k * .65 + $30k * .35 = $114.5k
Fordham expected is then $160k * .33 + $30k * .67 = $72.9k

So, if you were looking at just the expected value of your first year of income, Columbia would be worth $41.6k. Of course, you want to actually look at the expected value of your entire career, which quickly makes Columbia at sticker a better option than Fordham for no cost. In fact, even not assuming income increases, it would only take about five years.

[20141023]

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[20141023]

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[RELIC]

I just got done making this, which shows how much students are effectively paying for each % of a chance at biglaw or federal clerkships.

By the way... lol @ the University of Phoenix, which essentially costs $71,554.73 per 1% chance of either of these outcomes.

FYI: Phoenix School of Law is not associated with the University of Phoenix. They just share the same city in their name. I can't decide which is hurting the other's reputation more.

[20141023]

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[jbagelboy]

These kind of work ups rly do put rankings in perspective. Minnesota for example is not an economical option out of state even tho it consistently pushed T20. Im surprised how low they fall here.

Regulus, any idea why I get the general sense that TLSers like to diminish Columbia's value even though this formula + your bar chart make it appear statistically extremely desirable? Or am I crazy and this perception is false.

[RELIC]

LOL at Arizona State

[togepi]

Never thanked you earlier, but I appreciate all the data you have put up Regulus.

You should add little side notes next to some of the schools like "You have a better chance of blah blah blah."

[wannabelawstudent]

I just got done making this, which shows how much students are effectively paying for each % of a chance at biglaw or federal clerkships.

By the way... lol @ the University of Phoenix, which essentially costs $71,554.73 per 1% chance of either of these outcomes.

FYI: Phoenix School of Law is not associated with the University of Phoenix. They just share the same city in their name. I can't decide which is hurting the other's reputation more.

Oh wow I didn't even know that.... I just assumed from its shitty numbers that it was the same thing.

I got quite a few "please apply here" materials from them and about half of them come with a "This is Phoenix School of Law we are not associated with The University of Phoenix" displayed clearly at the bottom

[20141023]

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[Balthy]

Great idea. Thanks, you're awesome.

[SportsFan]

Surprised how good UGA in-state is. Theoretically a better value than Columbia. Interesting.

[North]

Reg can you make a compendium of all the awesome things you've made? I bet it'd be worth a sticky.

[RetakeFrenzy]

This is interesting. Thank you!

One suggestion: What do you think about adding a column that uses COA instead of tuition as the denominator?

[20141023]

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[StarJammer]

This is great. Thanks!

[Rlabo]

Regulus, any idea why I get the general sense that TLSers like to diminish Columbia's value even though this formula + your bar chart make it appear statistically extremely desirable? Or am I crazy and this perception is false.

Columbia is indeed interesting. Part of the reason, which isn't taken into account in the linked spreadsheet, is the cost of living. Columbia probably has the highest CoL of all other non-NYC law schools.

Also, it is basically right there on the verge of HYS, so despite it being an absolutely stellar institution, there is always the sentiment of "retake for a couple more points and go to HYS." (I would personally pay sticker to go there, but that's just me.)

It's also probably the cheapest COL of NYC schools since they subsidize housing which, to my knowledge, is the only nyc school who does this. Also, is it much higher than other big city schools E.G. NU, UCLA etc?