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Turning down 80k! really?????

Posted: Tue Dec 22, 2009 6:14 pm
by matrix637

Re: Turning down 80k! really?????

Posted: Tue Dec 22, 2009 6:18 pm
by Mark71121
the author isn't exactly the most reliable or trustworthy person in the world. i'm sure plenty of her colleagues took up cravath's offer.

Re: Turning down 80k! really?????

Posted: Tue Dec 22, 2009 6:20 pm
by Pearalegal
Mark71121 wrote:the author isn't exactly the most reliable or trustworthy person in the world. i'm sure plenty of her colleagues took up cravath's offer.
She graduated a good long time ago.

Re: Turning down 80k! really?????

Posted: Tue Dec 22, 2009 6:21 pm
by ozarkhack
"Shit, you don't need [$80,000] to do nothin', man. Take a look at my cousin: He's broke, don't do shit."

--ImageRemoved--

Re: Turning down 80k! really?????

Posted: Tue Dec 22, 2009 6:22 pm
by matrix637
I agree...but the point still remains, even if one person turned down their offer. I just find the whole thing bizzare.

Re: Turning down 80k! really?????

Posted: Tue Dec 22, 2009 6:25 pm
by dextermorgan
Turn down 80K for 160K+professional growth? What is so shocking about that?

These are Yale grads were talking about.

Re: Turning down 80k! really?????

Posted: Tue Dec 22, 2009 6:44 pm
by j2d3
Pearalegal wrote:
Mark71121 wrote:the author isn't exactly the most reliable or trustworthy person in the world. i'm sure plenty of her colleagues took up cravath's offer.
She graduated a good long time ago.
If 2007 is a good long time ago

Re: Turning down 80k! really?????

Posted: Tue Dec 22, 2009 6:48 pm
by Genki
I'm sure that many more would have taken the offer if the start date were guaranteed.

Unfortunately, some students that had their start date deferred are having it re-deferred.
Others have had their offers revoked after being deferred.

If you end up not getting a big law job after waiting a year and then can't get hired anywhere else because you have no professional experience, that $80,000 isn't going to be looking so great any more. I'm sure that all of these people got offers from other firms (they are Yale grads after all), so I can understand how they would be willing to choose a guaranteed career path over $80,000 plus MAYBE a job next year.

Re: Turning down 80k! really?????

Posted: Tue Dec 22, 2009 6:53 pm
by matrix637
Genki wrote:I'm sure that many more would have taken the offer if the start date were guaranteed.

Unfortunately, some students that had their start date deferred are having it re-deferred.
Others have had their offers revoked after being deferred.

If you end up not getting a big law job after waiting a year and then can't get hired anywhere else because you have no professional experience, that $80,000 isn't going to be looking so great any more. I'm sure that all of these people got offers from other firms (they are Yale grads after all), so I can understand how they would be willing to choose a guaranteed career path over $80,000 plus MAYBE a job next year.
hmmm I'd argue that Cravath, Swaine & Moore offers more than just "a job". But I definitely do see your point too.

Re: Turning down 80k! really?????

Posted: Tue Dec 22, 2009 6:53 pm
by Genki
point taken

Re: Turning down 80k! really?????

Posted: Wed Dec 23, 2009 1:30 am
by BradyToMoss
If I had other options where I could start right away for $160k and work full-time, it would be a no brainer (assuming the firm were in CSM's league). These are Yale grads, and it isn't terribly unlikely that they could have picked up an opportunity to start working right away for an elite firm.

80k and no work experience; or $160k, being productive, gaining useful skills, and being one year closer to getting that in-house gig or lateral opportunity?

Elizabeth Wurtzel is a mess, it's not difficult to see how she fails to see the option other Yalies chose.