2009 Private School Admission Results - Share them as you get them!

[Anonymous]

Actually, 850k a year is pretty low for a law firm partner compensation.

[Anonymous]

that's not true. The top equity partners in a top BIGLAW firm make $1M plus, but the average partner (including equity and non-equity) at a large firm makes much less than $850k per year.

[Anonymous]

Wow - $850k

I don't know how I survived on my teacher's salary of $37k and put my son through an independent school. No wonder he qualified for some financial aid but 50% tuition reduction doesn't sound like enough when you compare my salary to the $850k. And I've got the debt for his education to prove it.

The real irony is that I was teaching their kids!

Oh well, I guess we all make our own choices.

[Anonymous]

Anonymous wrote:that's not true. The top equity partners in a top BIGLAW firm make $1M plus, but the average partner (including equity and non-equity) at a large firm makes much less than $850k per year.

you are right. lots are in the $300's-500's and $850k would be on the high side except in a NY firm. Not that $500k is paltry...

[Anonymous]

Anonymous wrote:

Anonymous wrote:that's not true. The top equity partners in a top BIGLAW firm make $1M plus, but the average partner (including equity and non-equity) at a large firm makes much less than $850k per year.

you are right. lots are in the $300's-500's and $850k would be on the high side except in a NY firm. Not that $500k is paltry...

Guess I should have continued my original 'legal' path, eventhough I absolutely hated it, huh?

[Anonymous]

WOW! What does a bi-weekly paycheck look like w/a $850K salary? I bet just one check would get me out from under. Oh, well.....

[Anonymous]

Anonymous wrote:

Anonymous wrote:that's not true. The top equity partners in a top BIGLAW firm make $1M plus, but the average partner (including equity and non-equity) at a large firm makes much less than $850k per year.

you are right. lots are in the $300's-500's and $850k would be on the high side except in a NY firm. Not that $500k is paltry...

OMG, that's enough money to support multiple families.

[Anonymous]

Seriously . . . . this is news to you people? How long haved you lived in the DC area?

[Anonymous]

Anonymous wrote:Seriously . . . . this is news to you people? How long haved you lived in the DC area?

The salaries aren't surprising. The parents who think that the salary entitled their child to a spot in a school and then complain that they're sobbing when it didn't happen are quite surprising. I know plenty of law firm partners and overpaid lobbyists who make this kind of money. None of them seems so spoiled or self-pitying. They're go-getters.

It's surprising to me that in a town of so many overachievers, there are people who spend so much time stressing about how to pry open all of the doors for their children and think that these kids sashaying right through those doors is "achievement." Achievement isn't what your parents' salaries or tenacity secure for you. It's what you do for yourself with their encouragement and support. Beauvoir doesn't give you achievement-- just a gorgeous canvass upon which to place your own achievements.

And their is no Beauvoir or Big 3 in adult life. There is no one magical place where your presence allegedly validates your worth. There's just living-- so why not just get to it?

I'm surprised whenever I see someone whining instead of finding ways to help their children understand what marvelous paths they can travel down regardless of what brand name is attached.

[Anonymous]

Somebody give PP a soapbox.

[Anonymous]

The reality is the families who are more affluent and wealthy DO have better odds although not gauranteed a spot at thier first choice. Let's not down play this. I know many families who request large financial aid rewards who are denied across the board. At the same time students who come from families who are not requesting finanical aid have more options. I am a teacher at a well known private in DC. I am speaking from observing many students in the upper grades who perform at various levels of academic promise.

[Anonymous]

Anonymous wrote:The reality is the families who are more affluent and wealthy DO have better odds although not gauranteed a spot at thier first choice. Let's not down play this. I know many families who request large financial aid rewards who are denied across the board. At the same time students who come from families who are not requesting finanical aid have more options. I am a teacher at a well known private in DC. I am speaking from observing many students in the upper grades who perform at various levels of academic promise.

Somebody give this PP a soapbox.

[Anonymous]

Yes, please give her some sort of better platform. She's a teacher, so she actually knows what she's talking about - unlike half the people on this board.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The reality is the families who are more affluent and wealthy DO have better odds although not gauranteed a spot at thier first choice. Let's not down play this. I know many families who request large financial aid rewards who are denied across the board. At the same time students who come from families who are not requesting finanical aid have more options. I am a teacher at a well known private in DC. I am speaking from observing many students in the upper grades who perform at various levels of academic promise.

Somebody give this PP a soapbox.

Everyone knows that children from wealthier families have a better shot at getting in.

That doesn't mean that the wealthy parents whose children don't get in have been treated unfairly or have anything to whine about. If anything, they ought to know that they had a better shot that had nothing to do with their child's own merits, but it just didn't work out for them.

[Anonymous]

Anonymous wrote:WOW! What does a bi-weekly paycheck look like w/a $850K salary? I bet just one check would get me out from under. Oh, well.....

Actually, the bi-weekly paycheck is typically quite small, because the larger payments come through periodic "distributions" as opposed to salaries. Only reason I raise this is that a lot of law firm partners are seeing much smaller distributions these days, if not being shown the door. The world of law firms is changing significantly, along with the economy.