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<p>Berkeley’s in-state tuition is no longer that compelling… at all.</p>
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<p>1) The investment banks in New York tend to hire the traditional Wall Street Law Firms like Wachtell, Sullivan & Cromwell, Davis Polk, etc. Those firms, while they do recruit at Boalt, traditionally get their students from Harvard, Yale, Columbia, and NYU. The fewer Boalt students is partly because of self-selection (generally, people who choose Boalt want to end up on the west coast), partly because of the selectivity of the aforementioned firms (they’ll only take from the top of the class at Boalt, but are definitely more lenient at Harvard, Stanford, Yale, Columbia, and NYU), and partly because of geography (these firms can afford to send a team of partners to recruit at the east coast schools, while it’s hard to justify sending more then a few to Boalt or Stanford because of the travel time and low yield; thus, fewer students are recruited).</p>
<p>In terms of Cornell vs. Boalt with respect to the above firms, Boalt is definitely the better pick. Cornell is no better at placing students at those firms, you have to do extremely well at the school to get a job there, and your competition at those firms is higher because most of Cornell’s class targets NYC. At Boalt, the cut-offs might be slightly lower, but I’m willing to bet that the competition for NYC is not nearly as tough.</p>
<p>I should say, though, that basing your choices on whether you’ll be able to work at a top NYC firm is bad to begin with. I’m just dispelling the notion that Boalt doesn’t place students at top NYC firms.</p>
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<p>Yes, and no. Your school-name not only implies what firms will recruit at your school, but how deeply into the class they’ll dig. Thus, if you’re in the top 30% of your class at Boalt, your chances of landing a gig at Davis Polk are not that high. But, if you’re top 30% at Columbia, you have a decent shot. In this scenario, you did all you can do, but your school put you out of the running. </p>
<p>And 2009 OCI was indicative of this result. Offers not only decreased across the board, but it was increasingly the case that the same kids were getting the same offers. </p>
<p>I should say, though, that personality counts for a lot in this economy, so while grades+school are not necessarily a sufficient condition for an offer, a good personality is most certainly a necessary condition.</p>