Wednesday, March 21, 2012

NY law schools inflate job figures: critics

Last Updated: 10:00 AM, March 11, 2012

     Deciding on a law school is a numbers game: cost versus reward.
     The stick is $150,000+ for studies, but the carrot is a great-paying job. But maybe not, according to recent graduates from the city’s elite law schools, who relied on job placement after getting their sheepskins.
     Critics of local law schools say Columbia, NYU and Fordham overpromise the economic benefit of a degree, inflating the number of students who find employment after graduation — and how much those jobs pay.
     “My life will be fairly uncomfortable for the next several decades,” said a third-year Columbia Law School student who borrowed $170,000 to attend and ended up with a job in which he will earn between $50,000 and $60,000.
     Deciding on a law school is a numbers game: cost versus reward.
     The stick is $150,000+ for studies, but the carrot is a great-paying job. But maybe not, according to recent graduates from the city’s elite law schools, who relied on job placement after getting their sheepskins.
     Critics of local law schools say Columbia, NYU and Fordham overpromise the economic benefit of a degree, inflating the number of students who find employment after graduation — and how much those jobs pay.
     “My life will be fairly uncomfortable for the next several decades,” said a third-year Columbia Law School student who borrowed $170,000 to attend and ended up with a job in which he will earn between $50,000 and $60,000.

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