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   Cost-to-Benefit of Ranked vs. Unranked Law Schools
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   Author  Topic: Cost-to-Benefit of Ranked vs. Unranked Law Schools  (Read 768 times)
got_ip
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Cost-to-Benefit of Ranked vs. Unranked Law Schools
« on: Sep 15th, 2006, 5:28pm »
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I am in the process of deciding which law school to attend.  Is there a general consensus on how large a salary gap there is (and how quickly it shrinks) between law school grads that have gained a JD from a highly ranked school and those that have graduated from a less acclaimed but still ABA recognized school?  In the engineering field, my sense is that this gap shrinks quickly based on individual talent and on-the-job experience.  Is the same true in the legal field, or does an alma mater remain a great predictor of future salary and promotion opportunities?  In short, is the extra $100K fiscally justified?  Thanks for any opinion you can provide.
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Justin
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Re: Cost-to-Benefit of Ranked vs. Unranked Law Sch
« Reply #1 on: Sep 16th, 2006, 7:55am »
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Yes in most cases it is justified.
 
If you spend 6 months after graduation looking for work because you went to a lower standard school, the tuition is already partly paid for.
 
Then factor in the loss of annual salary the first few years because of the school, the bias you will receive from the established in the field because of you school selection and the networking opportunities lost.
 
But on a plus side, you may find that you are a great student at a lower standard school and a mediocre student at the better school.  The reflective class rankings may hurt you when applying for a job.
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biopico
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Re: Cost-to-Benefit of Ranked vs. Unranked Law Sch
« Reply #2 on: Sep 16th, 2006, 11:55am »
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This is what I heard.
 
If you graduate from top tier law school with good grade, you will get paid $100 or more for knowing nothing about the REAL LIFE legal proceedings.
 
If you graduate from lower level law school, your starting salary would be like $50K to $60K.
 
Well, the salary would be a lot better than new Ph.Ds in Biology-related fields though.  
 
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