Thursday, May 29, 2014
Wednesday, May 28, 2014
Sunday, May 25, 2014
Do you really need a Degree?
Looking at a $200k at a Ivy and $100k at a public college, I wonder the value of a degree.
4 years time, one can learn how to start a business, assuming putting the $200k or $100k as a starting fund. One can be in a very good position, with that kind of starting fund.
TO become a professional trader, aka working in Investment company, one needs the most is the experiences to trade, which can be obtained by actually doing it. Starting with $200k and $100k, one can get a lot of first hand experience, then later, can move to hedge fund if really interested.
Or, if one wants to start a business, doing it is the best education one can get...
Only areas I see the value for a college degree are,
- Medical Field, Law (due to the regulations)
- Government (the criteria)
- Education system (not if you want to build your own school)
4 years time, one can learn how to start a business, assuming putting the $200k or $100k as a starting fund. One can be in a very good position, with that kind of starting fund.
TO become a professional trader, aka working in Investment company, one needs the most is the experiences to trade, which can be obtained by actually doing it. Starting with $200k and $100k, one can get a lot of first hand experience, then later, can move to hedge fund if really interested.
Or, if one wants to start a business, doing it is the best education one can get...
Only areas I see the value for a college degree are,
- Medical Field, Law (due to the regulations)
- Government (the criteria)
- Education system (not if you want to build your own school)
Friday, May 23, 2014
Thursday, May 22, 2014
About Law School [ZT]
(From http://bbs.wenxuecity.com/znjy/2124671.html)
http://www.top-law-schools.com/forums/index.php
计划上法学院，学什么本科专业？
The Law School Admission Council categorizes test-takers into 162 majors. Seeing many of those as sub-disciplines of major fields, Nieswiadomy groups them into 29 categories. Of those 29, he found that the top five majors and their average test scores were:
- 1. Physics/math, 160.0
2. Economics, 157.4
3. Philosophy/theology, 157.4
4. International relations, 156.5
5. Engineering, 156.2
- 25. Education, 149.4
26. Business administration, 149.1
27. Health professions, 148.4
28. Prelaw, 148.3
29. Criminal justice, 146.0
Chinese Boy? LSAT >= 175
US's legal system is very close to England's, just
like US IBs. Most prestige law firms are rooted from England; where
there is a magic circle firms and silver circle firms. Both circles are
among the most prestige firms. Silver circle consists of 6 firms, while
Magic circle consists of 5 top-most firms. My Son declined an offer from
one of the Magic circle.
Litigation practice is very close to what you see on TV: Suing or defending on behalf of your clients, and arguing in the courts.
A part of Transaction practice is very close to a banker: Review transactions such as M&A, hedger, PE, Venture, Issuance of stock, bonds, derivatives, etc.
Litigation practice is very close to what you see on TV: Suing or defending on behalf of your clients, and arguing in the courts.
A part of Transaction practice is very close to a banker: Review transactions such as M&A, hedger, PE, Venture, Issuance of stock, bonds, derivatives, etc.
As my son is on the transaction track, he takes
about 1.5 year of coursework in law school and the other 1.5 in Business
school. In Spring break, he brought home his homework on Options and
looked for my help. Wow, I had difficulties in get it done in the option
pricing homework. I mean, it drills in depth, not just some
case-studying stuff. He says his JD is an MBA plus one year law
education.
Can you choose a track? Absolutely! After all, no
matter which color you prefer, all cars eventually got sold out, with
any color. Big Law has very fine granularity in positions, similar to MD
specialist versus General Practice that we non-MDs are more familiar
with. A cardiologist surgeon might feel insulted if you line him up with
your PCP.
V10 = Top 10 Big Law firms ranked by Vault
EIP = Early Interview Program where firms pick up talents at the beginning of 2nd year JD
candidates.
candidates.
Not sure about the employment perspective with foreign status. However, many BigLaw is expending into China right now. You may utilize your one year practice t get into BigLaw and then transfer to China offices.
如以2012年联邦法院，大律所，及高校（所谓好工作）计， YHSCCP毕业生就业在七成以上，藤校在64%以上，US News排名前13的学校（T13）在五成以上。换言之，考进T13并获得中等以上GPA， 找个好工作不成问题。
School
|
注
|
F Clerk
|
>500
|
251 - 500
|
101 - 250
|
Academia
|
Sub-Total
|
Y 耶鲁
|
藤
|
34.7
|
27.0
|
2.7
|
2.3
|
3.6
|
70.3
|
H 哈佛
|
藤
|
17.8
|
44.2
|
5.9
|
3.4
|
1.2
|
72.5
|
S 斯坦福
|
28.2
|
33.7
|
7.2
|
6.1
|
0.6
|
75.8
|
|
C 哥大
|
藤
|
7.9
|
53.5
|
8.7
|
1.9
|
0.6
|
72.6
|
C 芝加哥
|
14.4
|
45.1
|
7.9
|
3.3
|
0.0
|
70.7
|
|
N 纽约大学
|
5.6
|
48.5
|
6.6
|
4.4
|
0.8
|
65.9
|
|
P 宾大
|
藤
|
10.4
|
51.1
|
9.3
|
6.3
|
0.4
|
77.5
|
V 弗大
|
公
|
14.3
|
34.9
|
8.5
|
4.4
|
0.5
|
62.6
|
B 伯克利
|
公
|
6.7
|
40.7
|
9.3
|
3.8
|
1.3
|
61.8
|
M 密西根
|
公
|
8.5
|
28.1
|
8.5
|
6.7
|
0.3
|
52.1
|
D 杜克
|
12.9
|
40.4
|
9.3
|
1.3
|
0.4
|
64.3
|
|
N 西北
|
6.4
|
43.1
|
3.7
|
2.4
|
0.3
|
55.9
|
|
C 康奈尔
|
藤
|
6.3
|
45.8
|
9.5
|
2.6
|
0.0
|
64.2
|
G 乔治城
|
3.7
|
29.4
|
5.9
|
3.8
|
1.3
|
44.1
|
|
T 德克萨斯
|
公
|
8.3
|
18.5
|
5.9
|
2.4
|
0.0
|
35.1
|
Here is the breakdown of 2014 Summer Associates compositions of a Top 10 “Big Law” Firm
Total class size is 32
JD candidates this year, from 13 schools. Notice that 77% are from Top
14 law Schools, which is quite typical.
YHS
|
10%
|
CCN
|
35%
|
T14
|
77%
|
Others
|
23%
|
Interestingly,
such summer associates will receive pro-rata freshman salary, $160,000
per annum in general. Probably that is why they are not called interns?
Most
of the associates are going to practice transaction law in this firm,
contrasting to mainstream litigation practice. All lawyers are not
litigators.
Example:
A at 175 means there are 750 applicants having same or better LSAT scores.
B at 177 means there are 250 applicants having same or better LSAT scores.
Top 14 Schools enroll about 4,500 students each year., with YHS 1000 and CCN 1000. Therefore, you need 175 to get into one of the best schools.
Example:
A at 175 means there are 750 applicants having same or better LSAT scores.
B at 177 means there are 250 applicants having same or better LSAT scores.
Top 14 Schools enroll about 4,500 students each year., with YHS 1000 and CCN 1000. Therefore, you need 175 to get into one of the best schools.
|
Scaled Score
|
Percentile Rank
|
# Peers
|
|
|
180
|
99.90%
|
25
|
|
|
179
|
99.90%
|
75
|
|
|
178
|
99.90%
|
125
|
|
|
177
|
99.80%
|
250
|
|
|
176
|
99.60%
|
500
|
|
|
175
|
99.40%
|
750
|
|
|
174
|
99.20%
|
1000
|
|
|
173
|
99.00%
|
1250
|
|
|
172
|
98.60%
|
1750
|
|
|
171
|
98.00%
|
2500
|
|
|
170
|
97.40%
|
3250
|
|
|
169
|
96.70%
|
4125
|
|
|
168
|
95.90%
|
5125
|
|
|
167
|
94.60%
|
6750
|
|
|
166
|
93.20%
|
8500
|
|
|
165
|
92.00%
|
10000
|
|
|
164
|
90.00%
|
12500
|
Actual LSAT Tests Takers by Year
|
Year
|
June
|
October
|
December
|
February
|
Total
|
|
1987–1988
|
18,902
|
36,804
|
33,874
|
26,408
|
115,988
|
|
1988–1989
|
23,064
|
40,577
|
42,564
|
30,883
|
137,088
|
|
1989–1990
|
22,088
|
43,274
|
44,044
|
29,459
|
138,865
|
|
1990–1991
|
25,677
|
49,957
|
42,685
|
34,366
|
152,685
|
|
1991–1992
|
24,211
|
50,077
|
43,588
|
27,691
|
145,567
|
|
1992–1993
|
24,778
|
46,491
|
41,533
|
27,252
|
140,054
|
|
1993–1994
|
23,061
|
46,359
|
38,982
|
23,626
|
132,028
|
|
1994–1995
|
21,880
|
42,927
|
39,670
|
24,076
|
128,553
|
|
1995–1996
|
20,336
|
38,406
|
36,368
|
19,646
|
114,756
|
|
1996–1997
|
19,055
|
36,020
|
30,953
|
19,287
|
105,315
|
|
1997–1998
|
20,010
|
34,399
|
29,879
|
19,703
|
103,991
|
|
1998–1999
|
18,933
|
33,558
|
32,116
|
19,629
|
104,236
|
|
1999–2000
|
20,448
|
36,540
|
30,731
|
19,434
|
107,153
|
|
2000–2001
|
20,151
|
37,847
|
30,111
|
20,921
|
109,030
|
|
2001–2002
|
23,908
|
46,745
|
38,045
|
25,553
|
134,251
|
|
2002–2003
|
27,808
|
52,604
|
41,887
|
25,715
|
148,014
|
|
2003–2004
|
27,471
|
53,701
|
41,215
|
25,230
|
147,617
|
|
2004–2005
|
28,600
|
50,386
|
41,985
|
24,287
|
145,258
|
|
2005–2006
|
25,984
|
49,197
|
40,023
|
22,240
|
137,444
|
|
2006–2007
|
24,879
|
48,171
|
41,033
|
25,965
|
140,048
|
|
2007–2008
|
25,103
|
49,785
|
42,250
|
25,193
|
142,331
|
|
2008–2009
|
28,939
|
50,721
|
43,646
|
28,092
|
151,398
|
|
2009–2010
|
32,595
|
60,746
|
50,444
|
27,729
|
171,514
|
|
2010–2011
|
32,973
|
54,345
|
42,096
|
25,636
|
155,050
|
|
2011–2012
|
26,812
|
45,169
|
35,825
|
22,152
|
129,958
|
|
2012–2013
|
25,223
|
37,780
|
30,226
|
19,286
|
112,515
|
|
2013–2014
|
23,997
|
33,673
|
28,363
|
19,499
|
105,532
|
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