TT / 2T Definitions

[Anonymous]

Anonymous wrote:The average profit per partner at a top 10 law firm (equivalent to FAANG) is likely to be around $8-10 million for 2025. That's real money.

More than anybody needs, honestly - beyond $1M/year or so you quickly run out of things to spend it on. (which I suppose is why those people are so eager to turn around and shell out $70k/year for private school so their own kids can also make too much money and also pay private school tuition and so the circle of life goes on)

[Anonymous]

Anonymous wrote:

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Anonymous wrote:Even if true, which I disagree with, is it worth it? What is the end goal? So you “succeed” at the pressure cooker and got into Harvard at the cost of mental health, time to develop socially, and time to experiment with interests. Now what? In what paths are you at an advantage vs an equally smart kid who went to, for sake of keeping a consistent example, Browning and then a non-Ivy top 25 college? I guess the parents get to feel good that the “service” they paid for got them some Harvard merchandise?

Yeah, this is a key point in this whole discussion too. Harvard versus the non-Ivy T25 school is going to help for a few specific things you might want to do, namely:

- Work at a top Wall Street or consulting firm;
- Get into a top medical school, though this mostly matters if you want to enter a very competitive specialty;
- Get into a top law school, though this mostly matters if you want to work for a top law firm;
- Get into a top PhD program and from thence to academia, though that's a pretty bleak job market nowadays even for Harvard grads

There was a period where it helped for tech jobs but it no longer particularly does. And with the current upheaval in academia, and ever-dwindling acceptance rates meaning more and more qualified kids are turned away from Ivies, other pieces of this could easily fall apart too by the time it matters.

At any rate, if the vision you and your kid have for their future does not run through any of those paths, spending half of their childhood fighting for a spot at Harvard is pretty hard to justify for anything other than bragging rights.

Law schools do not care about your undergrad brand except maybe at YLS SLS, maybe. 90% of admissions is based on GPA and LSAT. Going to northwest flyover state U with a 4.0 and 176 is better than Harvard with a 3.7 and 174 when applying to the T13. These things go in cycles and the “Trump Bump” in applications changed the landscape, but there was an extended period of time where Ivy undergrads didn’t go to law school in previous numbers because they realized the ROI was terrible and it didn’t leverage the prestige of their undergrad. The smartest kids at Ivies who want to make a lot of money go into finance and tech

I wouldn't say the "smartest" -- just the most risk tolerant. For risk averse folks, law school (for students of this caliber) is still a fairly safe way to a large income.

Large for those who grew up in okay suburbs, drive leased Escalades, and go to public school. For those who go to Trinity and an Ivy, their definition of large income would require RSUs and carry that FAANG and mega PE provide. You have to a cretin to get a Harvard BA and go to law school.

The average profit per partner at a top 10 law firm (equivalent to FAANG) is likely to be around $8-10 million for 2025. That's real money.

A Harvard student whose only goal is to enter faang is more likely to succeed than one whose goal is V10 partnership. There’s so many pitfalls and issues in the legal profession before we even discuss what AI will do to it. Three years of lost income in law school and the compounding wealth generated by midlevel FAANG stock packages make the two largely equivalent in terms of net worth in one’s 40s and 50s.

[Anonymous]

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Anonymous wrote:K-8 schools should be graded on the same scale as K-12 schools. Some of the K-8 schools prepare their kids so well that they often become top of their class in high school. People are starting to see the real benefit of K-8 and that’s one of the reasons why it was extremely competitive (especially all-boys) this year.

Which would be the “TT” K8? In terms of exmissions, academics and competitive to gain admission. I can only think of St B and maybe Buckley

St B sounds right

St Ignatius but a niche audience

Lol

They have the single largest number of boys attending Regis every year and an equivalent number going on to Exeter, Lawernceville, etc. They also have lower acceptance rates than St B's, St D's and Buckley. Does that not qualify?

It does not. Stop trying to make St. Ignatius as a TT happen. Please.

Bitter much, lol. Our TT PSD would disagree given the statistics, with the caveat that the non-connected acceptance rate is artificially low because of the price point/some other admissions policies. No horse in the race, we are at St D’s as we did not want a parish school but the truth is the truth.

Non-connected acceptance rate? You mean, like connected to St. Ignatius specifically? Like alumni or something? Real connected people in NYC do not send their kids to St. Ignatius. Lol.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Not an insane comment. Well known that IQ has a genetic component, and children’s long term outcomes are correlated with situation of parents. Trinity makes that assessment in their process.

Correct. They can test and filter out dunces at age 5. You may not know if they will be a rocket scientist or go to Harvard, they can be reasonably sure they will go to a decent four year college at that point.

Stop agreeing/replying to your own posts, ya dweeb. We see you.

Have Jeff check IPs. You’re wrong

[Anonymous]

Anonymous wrote:

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Anonymous wrote:Even if true, which I disagree with, is it worth it? What is the end goal? So you “succeed” at the pressure cooker and got into Harvard at the cost of mental health, time to develop socially, and time to experiment with interests. Now what? In what paths are you at an advantage vs an equally smart kid who went to, for sake of keeping a consistent example, Browning and then a non-Ivy top 25 college? I guess the parents get to feel good that the “service” they paid for got them some Harvard merchandise?

Yeah, this is a key point in this whole discussion too. Harvard versus the non-Ivy T25 school is going to help for a few specific things you might want to do, namely:

- Work at a top Wall Street or consulting firm;
- Get into a top medical school, though this mostly matters if you want to enter a very competitive specialty;
- Get into a top law school, though this mostly matters if you want to work for a top law firm;
- Get into a top PhD program and from thence to academia, though that's a pretty bleak job market nowadays even for Harvard grads

There was a period where it helped for tech jobs but it no longer particularly does. And with the current upheaval in academia, and ever-dwindling acceptance rates meaning more and more qualified kids are turned away from Ivies, other pieces of this could easily fall apart too by the time it matters.

At any rate, if the vision you and your kid have for their future does not run through any of those paths, spending half of their childhood fighting for a spot at Harvard is pretty hard to justify for anything other than bragging rights.

Law schools do not care about your undergrad brand except maybe at YLS SLS, maybe. 90% of admissions is based on GPA and LSAT. Going to northwest flyover state U with a 4.0 and 176 is better than Harvard with a 3.7 and 174 when applying to the T13. These things go in cycles and the “Trump Bump” in applications changed the landscape, but there was an extended period of time where Ivy undergrads didn’t go to law school in previous numbers because they realized the ROI was terrible and it didn’t leverage the prestige of their undergrad. The smartest kids at Ivies who want to make a lot of money go into finance and tech

I wouldn't say the "smartest" -- just the most risk tolerant. For risk averse folks, law school (for students of this caliber) is still a fairly safe way to a large income.

Large for those who grew up in okay suburbs, drive leased Escalades, and go to public school. For those who go to Trinity and an Ivy, their definition of large income would require RSUs and carry that FAANG and mega PE provide. You have to a cretin to get a Harvard BA and go to law school.

The average profit per partner at a top 10 law firm (equivalent to FAANG) is likely to be around $8-10 million for 2025. That's real money.

A Harvard student whose only goal is to enter faang is more likely to succeed than one whose goal is V10 partnership. There’s so many pitfalls and issues in the legal profession before we even discuss what AI will do to it. Three years of lost income in law school and the compounding wealth generated by midlevel FAANG stock packages make the two largely equivalent in terms of net worth in one’s 40s and 50s.

You're just moving the goalposts. The point was, for risk averse students, law school can be just as attractive as finance, which can be really hit or miss, because it's a safer bet, and as for FAANG, not everyone has an interest in tech, particularly those who are not STEM focused.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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Anonymous wrote:Even if true, which I disagree with, is it worth it? What is the end goal? So you “succeed” at the pressure cooker and got into Harvard at the cost of mental health, time to develop socially, and time to experiment with interests. Now what? In what paths are you at an advantage vs an equally smart kid who went to, for sake of keeping a consistent example, Browning and then a non-Ivy top 25 college? I guess the parents get to feel good that the “service” they paid for got them some Harvard merchandise?

Yeah, this is a key point in this whole discussion too. Harvard versus the non-Ivy T25 school is going to help for a few specific things you might want to do, namely:

- Work at a top Wall Street or consulting firm;
- Get into a top medical school, though this mostly matters if you want to enter a very competitive specialty;
- Get into a top law school, though this mostly matters if you want to work for a top law firm;
- Get into a top PhD program and from thence to academia, though that's a pretty bleak job market nowadays even for Harvard grads

There was a period where it helped for tech jobs but it no longer particularly does. And with the current upheaval in academia, and ever-dwindling acceptance rates meaning more and more qualified kids are turned away from Ivies, other pieces of this could easily fall apart too by the time it matters.

At any rate, if the vision you and your kid have for their future does not run through any of those paths, spending half of their childhood fighting for a spot at Harvard is pretty hard to justify for anything other than bragging rights.

Law schools do not care about your undergrad brand except maybe at YLS SLS, maybe. 90% of admissions is based on GPA and LSAT. Going to northwest flyover state U with a 4.0 and 176 is better than Harvard with a 3.7 and 174 when applying to the T13. These things go in cycles and the “Trump Bump” in applications changed the landscape, but there was an extended period of time where Ivy undergrads didn’t go to law school in previous numbers because they realized the ROI was terrible and it didn’t leverage the prestige of their undergrad. The smartest kids at Ivies who want to make a lot of money go into finance and tech

I wouldn't say the "smartest" -- just the most risk tolerant. For risk averse folks, law school (for students of this caliber) is still a fairly safe way to a large income.

Large for those who grew up in okay suburbs, drive leased Escalades, and go to public school. For those who go to Trinity and an Ivy, their definition of large income would require RSUs and carry that FAANG and mega PE provide. You have to a cretin to get a Harvard BA and go to law school.

The average profit per partner at a top 10 law firm (equivalent to FAANG) is likely to be around $8-10 million for 2025. That's real money.

A Harvard student whose only goal is to enter faang is more likely to succeed than one whose goal is V10 partnership. There’s so many pitfalls and issues in the legal profession before we even discuss what AI will do to it. Three years of lost income in law school and the compounding wealth generated by midlevel FAANG stock packages make the two largely equivalent in terms of net worth in one’s 40s and 50s.

You're just moving the goalposts. The point was, for risk averse students, law school can be just as attractive as finance, which can be really hit or miss, because it's a safer bet, and as for FAANG, not everyone has an interest in tech, particularly those who are not STEM focused.

No I’m not. FAANG is safer. Someone at YLS would have to be delusional to think they’ll make V10. There’s so much luck involved. Job security in law hasn’t existed since GFC. Most associates will go in house and take orders by barking ex bankers who went into corporate finance. The hierarchy of banker>corporate lawyer is real

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Even if true, which I disagree with, is it worth it? What is the end goal? So you “succeed” at the pressure cooker and got into Harvard at the cost of mental health, time to develop socially, and time to experiment with interests. Now what? In what paths are you at an advantage vs an equally smart kid who went to, for sake of keeping a consistent example, Browning and then a non-Ivy top 25 college? I guess the parents get to feel good that the “service” they paid for got them some Harvard merchandise?

Yeah, this is a key point in this whole discussion too. Harvard versus the non-Ivy T25 school is going to help for a few specific things you might want to do, namely:

- Work at a top Wall Street or consulting firm;
- Get into a top medical school, though this mostly matters if you want to enter a very competitive specialty;
- Get into a top law school, though this mostly matters if you want to work for a top law firm;
- Get into a top PhD program and from thence to academia, though that's a pretty bleak job market nowadays even for Harvard grads

There was a period where it helped for tech jobs but it no longer particularly does. And with the current upheaval in academia, and ever-dwindling acceptance rates meaning more and more qualified kids are turned away from Ivies, other pieces of this could easily fall apart too by the time it matters.

At any rate, if the vision you and your kid have for their future does not run through any of those paths, spending half of their childhood fighting for a spot at Harvard is pretty hard to justify for anything other than bragging rights.

Law schools do not care about your undergrad brand except maybe at YLS SLS, maybe. 90% of admissions is based on GPA and LSAT. Going to northwest flyover state U with a 4.0 and 176 is better than Harvard with a 3.7 and 174 when applying to the T13. These things go in cycles and the “Trump Bump” in applications changed the landscape, but there was an extended period of time where Ivy undergrads didn’t go to law school in previous numbers because they realized the ROI was terrible and it didn’t leverage the prestige of their undergrad. The smartest kids at Ivies who want to make a lot of money go into finance and tech

I wouldn't say the "smartest" -- just the most risk tolerant. For risk averse folks, law school (for students of this caliber) is still a fairly safe way to a large income.

Large for those who grew up in okay suburbs, drive leased Escalades, and go to public school. For those who go to Trinity and an Ivy, their definition of large income would require RSUs and carry that FAANG and mega PE provide. You have to a cretin to get a Harvard BA and go to law school.

The average profit per partner at a top 10 law firm (equivalent to FAANG) is likely to be around $8-10 million for 2025. That's real money.

A Harvard student whose only goal is to enter faang is more likely to succeed than one whose goal is V10 partnership. There’s so many pitfalls and issues in the legal profession before we even discuss what AI will do to it. Three years of lost income in law school and the compounding wealth generated by midlevel FAANG stock packages make the two largely equivalent in terms of net worth in one’s 40s and 50s.

You're just moving the goalposts. The point was, for risk averse students, law school can be just as attractive as finance, which can be really hit or miss, because it's a safer bet, and as for FAANG, not everyone has an interest in tech, particularly those who are not STEM focused.

No I’m not. FAANG is safer. Someone at YLS would have to be delusional to think they’ll make V10. There’s so much luck involved. Job security in law hasn’t existed since GFC. Most associates will go in house and take orders by barking ex bankers who went into corporate finance. The hierarchy of banker>corporate lawyer is real

You have no idea what you're talking about when it comes to law firms. I agree that your hierarchy is correct though. But again, that's not what my original post posited.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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Anonymous wrote:

Anonymous wrote:Even if true, which I disagree with, is it worth it? What is the end goal? So you “succeed” at the pressure cooker and got into Harvard at the cost of mental health, time to develop socially, and time to experiment with interests. Now what? In what paths are you at an advantage vs an equally smart kid who went to, for sake of keeping a consistent example, Browning and then a non-Ivy top 25 college? I guess the parents get to feel good that the “service” they paid for got them some Harvard merchandise?

Yeah, this is a key point in this whole discussion too. Harvard versus the non-Ivy T25 school is going to help for a few specific things you might want to do, namely:

- Work at a top Wall Street or consulting firm;
- Get into a top medical school, though this mostly matters if you want to enter a very competitive specialty;
- Get into a top law school, though this mostly matters if you want to work for a top law firm;
- Get into a top PhD program and from thence to academia, though that's a pretty bleak job market nowadays even for Harvard grads

There was a period where it helped for tech jobs but it no longer particularly does. And with the current upheaval in academia, and ever-dwindling acceptance rates meaning more and more qualified kids are turned away from Ivies, other pieces of this could easily fall apart too by the time it matters.

At any rate, if the vision you and your kid have for their future does not run through any of those paths, spending half of their childhood fighting for a spot at Harvard is pretty hard to justify for anything other than bragging rights.

Law schools do not care about your undergrad brand except maybe at YLS SLS, maybe. 90% of admissions is based on GPA and LSAT. Going to northwest flyover state U with a 4.0 and 176 is better than Harvard with a 3.7 and 174 when applying to the T13. These things go in cycles and the “Trump Bump” in applications changed the landscape, but there was an extended period of time where Ivy undergrads didn’t go to law school in previous numbers because they realized the ROI was terrible and it didn’t leverage the prestige of their undergrad. The smartest kids at Ivies who want to make a lot of money go into finance and tech

I wouldn't say the "smartest" -- just the most risk tolerant. For risk averse folks, law school (for students of this caliber) is still a fairly safe way to a large income.

Large for those who grew up in okay suburbs, drive leased Escalades, and go to public school. For those who go to Trinity and an Ivy, their definition of large income would require RSUs and carry that FAANG and mega PE provide. You have to a cretin to get a Harvard BA and go to law school.

The average profit per partner at a top 10 law firm (equivalent to FAANG) is likely to be around $8-10 million for 2025. That's real money.

A Harvard student whose only goal is to enter faang is more likely to succeed than one whose goal is V10 partnership. There’s so many pitfalls and issues in the legal profession before we even discuss what AI will do to it. Three years of lost income in law school and the compounding wealth generated by midlevel FAANG stock packages make the two largely equivalent in terms of net worth in one’s 40s and 50s.

You're just moving the goalposts. The point was, for risk averse students, law school can be just as attractive as finance, which can be really hit or miss, because it's a safer bet, and as for FAANG, not everyone has an interest in tech, particularly those who are not STEM focused.

No I’m not. FAANG is safer. Someone at YLS would have to be delusional to think they’ll make V10. There’s so much luck involved. Job security in law hasn’t existed since GFC. Most associates will go in house and take orders by barking ex bankers who went into corporate finance. The hierarchy of banker>corporate lawyer is real

You have no idea what you're talking about when it comes to law firms. I agree that your hierarchy is correct though. But again, that's not what my original post posited.

What % of Yale law students are capable of becoming V10 partners? What % will succeed? It’s an enormously difficult lift that often requires a senior partner to die and hand you his book of business. It’s also gross to recommend a field where peak earning is so late in late. I’d rather make 1mm at age 30 than 10 at 55. FAANG lets you be rich young. Oh yea and no grad school loans

[Anonymous]

I feel like law is just in this weird place right now because some firms are absolutely printing money right now, but that value is all accruing to entrenched senior partners and the future outlook for the field definitely feels super uncertain, so I can see how it doesn’t feel very appealing for talented young people to pursue.

But this is all just quite the tangent from the original subject here isn’t it

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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Anonymous wrote:

Anonymous wrote:Even if true, which I disagree with, is it worth it? What is the end goal? So you “succeed” at the pressure cooker and got into Harvard at the cost of mental health, time to develop socially, and time to experiment with interests. Now what? In what paths are you at an advantage vs an equally smart kid who went to, for sake of keeping a consistent example, Browning and then a non-Ivy top 25 college? I guess the parents get to feel good that the “service” they paid for got them some Harvard merchandise?

Yeah, this is a key point in this whole discussion too. Harvard versus the non-Ivy T25 school is going to help for a few specific things you might want to do, namely:

- Work at a top Wall Street or consulting firm;
- Get into a top medical school, though this mostly matters if you want to enter a very competitive specialty;
- Get into a top law school, though this mostly matters if you want to work for a top law firm;
- Get into a top PhD program and from thence to academia, though that's a pretty bleak job market nowadays even for Harvard grads

There was a period where it helped for tech jobs but it no longer particularly does. And with the current upheaval in academia, and ever-dwindling acceptance rates meaning more and more qualified kids are turned away from Ivies, other pieces of this could easily fall apart too by the time it matters.

At any rate, if the vision you and your kid have for their future does not run through any of those paths, spending half of their childhood fighting for a spot at Harvard is pretty hard to justify for anything other than bragging rights.

Law schools do not care about your undergrad brand except maybe at YLS SLS, maybe. 90% of admissions is based on GPA and LSAT. Going to northwest flyover state U with a 4.0 and 176 is better than Harvard with a 3.7 and 174 when applying to the T13. These things go in cycles and the “Trump Bump” in applications changed the landscape, but there was an extended period of time where Ivy undergrads didn’t go to law school in previous numbers because they realized the ROI was terrible and it didn’t leverage the prestige of their undergrad. The smartest kids at Ivies who want to make a lot of money go into finance and tech

I wouldn't say the "smartest" -- just the most risk tolerant. For risk averse folks, law school (for students of this caliber) is still a fairly safe way to a large income.

Large for those who grew up in okay suburbs, drive leased Escalades, and go to public school. For those who go to Trinity and an Ivy, their definition of large income would require RSUs and carry that FAANG and mega PE provide. You have to a cretin to get a Harvard BA and go to law school.

The average profit per partner at a top 10 law firm (equivalent to FAANG) is likely to be around $8-10 million for 2025. That's real money.

A Harvard student whose only goal is to enter faang is more likely to succeed than one whose goal is V10 partnership. There’s so many pitfalls and issues in the legal profession before we even discuss what AI will do to it. Three years of lost income in law school and the compounding wealth generated by midlevel FAANG stock packages make the two largely equivalent in terms of net worth in one’s 40s and 50s.

You're just moving the goalposts. The point was, for risk averse students, law school can be just as attractive as finance, which can be really hit or miss, because it's a safer bet, and as for FAANG, not everyone has an interest in tech, particularly those who are not STEM focused.

No I’m not. FAANG is safer. Someone at YLS would have to be delusional to think they’ll make V10. There’s so much luck involved. Job security in law hasn’t existed since GFC. Most associates will go in house and take orders by barking ex bankers who went into corporate finance. The hierarchy of banker>corporate lawyer is real

You have no idea what you're talking about when it comes to law firms. I agree that your hierarchy is correct though. But again, that's not what my original post posited.

What % of Yale law students are capable of becoming V10 partners? What % will succeed? It’s an enormously difficult lift that often requires a senior partner to die and hand you his book of business. It’s also gross to recommend a field where peak earning is so late in late. I’d rather make 1mm at age 30 than 10 at 55. FAANG lets you be rich young. Oh yea and no grad school loans

it's not that hard to be making 400-500k in law by 30 these days. and you'd be surprised by how many YLS have zero loans

[Anonymous]

and it's also pretty common to be making 300k at FAANG at 30.

[Anonymous]

Anonymous wrote:

Anonymous wrote:all these colleges cost the same, assuming this crowd is a full pay crowd. so why pay the same for Villanova as Harvard? or Haverford as Williams?

also, it's not really that easy to get into any of these schools. you can't just go home and watch Gilligan's Island and get into BC. and most kids end up with an interest, at least, by the end of 11th. debate, chorus, theater, whatever. if you're at a good HS, you can lean into that, create a story for the app, and get into a darn good school

also, the halo effect from some feeders is real. it makes it easier, not harder.

No one who gets into Harvard chooses Villanova, so that is a rhetorical question. If it means studying six hours a day and going insane in HS to get into Harvard, it is not worth it.

BC really isn't that good (I went). Lots of deadbeats who were drunk all of HS and smoked weed in college nonstop.

you missed the point. if Villanova and Harvard and BC cost the same, why argue it's just fine to study 2 hours instead of 4 in HS and go to BC.

I know a lot of high school kids right now who kick themselves for not working harder in high school. Go walk around yale and ask the kids if they wish they went to an easier HS, did less homework, and went to BC instead.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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Anonymous wrote:

Anonymous wrote:

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Anonymous wrote:

Anonymous wrote:Even if true, which I disagree with, is it worth it? What is the end goal? So you “succeed” at the pressure cooker and got into Harvard at the cost of mental health, time to develop socially, and time to experiment with interests. Now what? In what paths are you at an advantage vs an equally smart kid who went to, for sake of keeping a consistent example, Browning and then a non-Ivy top 25 college? I guess the parents get to feel good that the “service” they paid for got them some Harvard merchandise?

Yeah, this is a key point in this whole discussion too. Harvard versus the non-Ivy T25 school is going to help for a few specific things you might want to do, namely:

- Work at a top Wall Street or consulting firm;
- Get into a top medical school, though this mostly matters if you want to enter a very competitive specialty;
- Get into a top law school, though this mostly matters if you want to work for a top law firm;
- Get into a top PhD program and from thence to academia, though that's a pretty bleak job market nowadays even for Harvard grads

There was a period where it helped for tech jobs but it no longer particularly does. And with the current upheaval in academia, and ever-dwindling acceptance rates meaning more and more qualified kids are turned away from Ivies, other pieces of this could easily fall apart too by the time it matters.

At any rate, if the vision you and your kid have for their future does not run through any of those paths, spending half of their childhood fighting for a spot at Harvard is pretty hard to justify for anything other than bragging rights.

Law schools do not care about your undergrad brand except maybe at YLS SLS, maybe. 90% of admissions is based on GPA and LSAT. Going to northwest flyover state U with a 4.0 and 176 is better than Harvard with a 3.7 and 174 when applying to the T13. These things go in cycles and the “Trump Bump” in applications changed the landscape, but there was an extended period of time where Ivy undergrads didn’t go to law school in previous numbers because they realized the ROI was terrible and it didn’t leverage the prestige of their undergrad. The smartest kids at Ivies who want to make a lot of money go into finance and tech

I wouldn't say the "smartest" -- just the most risk tolerant. For risk averse folks, law school (for students of this caliber) is still a fairly safe way to a large income.

Large for those who grew up in okay suburbs, drive leased Escalades, and go to public school. For those who go to Trinity and an Ivy, their definition of large income would require RSUs and carry that FAANG and mega PE provide. You have to a cretin to get a Harvard BA and go to law school.

The average profit per partner at a top 10 law firm (equivalent to FAANG) is likely to be around $8-10 million for 2025. That's real money.

A Harvard student whose only goal is to enter faang is more likely to succeed than one whose goal is V10 partnership. There’s so many pitfalls and issues in the legal profession before we even discuss what AI will do to it. Three years of lost income in law school and the compounding wealth generated by midlevel FAANG stock packages make the two largely equivalent in terms of net worth in one’s 40s and 50s.

You're just moving the goalposts. The point was, for risk averse students, law school can be just as attractive as finance, which can be really hit or miss, because it's a safer bet, and as for FAANG, not everyone has an interest in tech, particularly those who are not STEM focused.

No I’m not. FAANG is safer. Someone at YLS would have to be delusional to think they’ll make V10. There’s so much luck involved. Job security in law hasn’t existed since GFC. Most associates will go in house and take orders by barking ex bankers who went into corporate finance. The hierarchy of banker>corporate lawyer is real

You have no idea what you're talking about when it comes to law firms. I agree that your hierarchy is correct though. But again, that's not what my original post posited.

What % of Yale law students are capable of becoming V10 partners? What % will succeed? It’s an enormously difficult lift that often requires a senior partner to die and hand you his book of business. It’s also gross to recommend a field where peak earning is so late in late. I’d rather make 1mm at age 30 than 10 at 55. FAANG lets you be rich young. Oh yea and no grad school loans

it's not that hard to be making 400-500k in law by 30 these days. and you'd be surprised by how many YLS have zero loans

That’s really bad in IB and they didn’t take three years out of the work force. Their responsibilities are more interesting too

[Anonymous]

Anonymous wrote:I feel like law is just in this weird place right now because some firms are absolutely printing money right now, but that value is all accruing to entrenched senior partners and the future outlook for the field definitely feels super uncertain, so I can see how it doesn’t feel very appealing for talented young people to pursue.

But this is all just quite the tangent from the original subject here isn’t it

It’s a horrible path for a college senior today.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:all these colleges cost the same, assuming this crowd is a full pay crowd. so why pay the same for Villanova as Harvard? or Haverford as Williams?

also, it's not really that easy to get into any of these schools. you can't just go home and watch Gilligan's Island and get into BC. and most kids end up with an interest, at least, by the end of 11th. debate, chorus, theater, whatever. if you're at a good HS, you can lean into that, create a story for the app, and get into a darn good school

also, the halo effect from some feeders is real. it makes it easier, not harder.

No one who gets into Harvard chooses Villanova, so that is a rhetorical question. If it means studying six hours a day and going insane in HS to get into Harvard, it is not worth it.

BC really isn't that good (I went). Lots of deadbeats who were drunk all of HS and smoked weed in college nonstop.

you missed the point. if Villanova and Harvard and BC cost the same, why argue it's just fine to study 2 hours instead of 4 in HS and go to BC.

I know a lot of high school kids right now who kick themselves for not working harder in high school. Go walk around yale and ask the kids if they wish they went to an easier HS, did less homework, and went to BC instead.

Ask them in twenty years in middle age when professional and personal disappointments accrue. Many SMU alums make more than us after HS years chasing tail, drinking, and getting concussed in lax. They happened to be charming and have a good network from Deerfield or Buckley. Most rich people
With 50mm+ net worths didn’t attend prestigious colleges and don’t regret it.