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Pure Pre-Select vs. Pure Lottery vs. Hybrid
Posted: Fri Jul 06, 2012 6:09 pm
by WearyCartographer
I'm wondering what TLSers thoughts are on the different type of OCI/EIP/etc. bidding systems. My thought process has always been that people with high GPAs benefit from pre-select systems, while people with median and below GPAs stand to benefit from lottery systems. Are there any other advantages/disadvantages to the different type of bidding systems that I am overlooking?
Just interested in what type of selection systems people prefer and also if any knows or wants to take a guess at why different schools choose different types of systems, I'd be interested in that as well. It seems to me that even among peer schools there is a variation in the type of bidding used.
Re: Pure Pre-Select vs. Pure Lottery vs. Hybrid
Posted: Fri Jul 06, 2012 6:22 pm
by chasgoose
People with high grades prefer preselect
People with above median but not amazing grades probably prefer hybrid
People with median and below grades prefer pure lottery
Re: Pure Pre-Select vs. Pure Lottery vs. Hybrid
Posted: Fri Jul 06, 2012 6:37 pm
by Lincoln
chasgoose wrote:People with high grades Firms prefer preselect
People with above median but not amazing grades probably prefer hybrid
People with median and below grades Students prefer pure lottery
FTFY
Re: Pure Pre-Select vs. Pure Lottery vs. Hybrid
Posted: Fri Jul 06, 2012 6:57 pm
by dixon02
Lincoln wrote:chasgoose wrote:People with high grades Firms prefer preselect
People with above median but not amazing grades probably prefer hybrid
People with median and below grades Students prefer pure lottery
FTFY
No you didn't. He had it right the first time.
Re: Pure Pre-Select vs. Pure Lottery vs. Hybrid
Posted: Fri Jul 06, 2012 6:59 pm
by kalvano
chasgoose wrote:People with high grades prefer preselect
People with above median but not amazing grades probably prefer hybrid
People with median and below grades prefer pure lottery
Yeah, pretty much this.
Re: Pure Pre-Select vs. Pure Lottery vs. Hybrid
Posted: Fri Jul 06, 2012 7:03 pm
by Lincoln
dixon02 wrote:Lincoln wrote:chasgoose wrote:People with high grades Firms prefer preselect
People with above median but not amazing grades probably prefer hybrid
People with median and below grades Students prefer pure lottery
FTFY
No you didn't. He had it right the first time.
I was being facetious, but I actually do think that the lottery system is not as disadvantageous to top and above-median students as people seem to think. After all, how many top students from schools with a pure lottery do you know who did not get offers from top firms and expected it? The big difference is to firms, for whom the ability to pre-screen is obvious.