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Things Are Tough All Over, Part 1,998,753

Two articles of note this morning from NY Times and the Houston Press: In response to tough job market, law schools are inflating grades.  Law students are seeing their grades rise by as much as one grade point as schools adjust their grading systems to make graduates more attractive to hiring managers.  This seems like an awfully crass method of responding to the Great Recession. The odds of this making any difference in potential hires is low and the cost to law school reputations are high.  So why would schools such as UT-Austin and Georgetown play such a devious game? In the Houston Press, Rice University's Shannon Franklin, assistant director of the Jones Graduate School of Business, talks about the... Read More »

More Nonsense About MBA Salaries

Business Week is adding suspicious fuel to the fire in the argument about the value of Business School.  Citing non-scientific, user-submitted salary data from Payscale is the first clue as to the dubious-ness of the massive salaries earned by MBAs from top business schools.  Second, even if the data were true, historical performance is no indicator of future success.  Just ask the MBAs from the Class of 2010.  Offers are way down and salaries are too. In the last month, we've received feedback regarding  job offers and salaries from contacts at MBA programs at UTexas-Austin, Yale, Babson, and Georgetown.  While this is not scientific data either, we've heard the same thing from all:  few job offers and much lower than... Read More »