In his Forbes blog, Kurt Badenhausen takes law schools to task for their reported employment information, specifically salary data. According to U.S. News, all of their top 15 schools boast a median private sector starting salary of $160,000.
Badenhausen finds these numbers “grossly misleading” and claims that only a small percentage of law school grads will earn these high figures after graduation. To substantiate this claim, Forbes had Payscale gather current median salaries for grads from 98 law schools, almost all of whom finished law school within the last five years. No school had a median salary of $160,000, and only three had salaries over $125,000.
Columbia Law is on top with a median salary of $157,000, and University of Virginia School of Law came in second with $137,000. Harvard and Stanford follow, but altogether there are only 12 schools with a median starting salary of over $100,000.
As Badenhausen asserts, “It is imperative that schools start publicizing the correct information regarding career prospects. Right now prospective students are being sold a bill of goods that benefits only one group: the law schools.”
See the blog for complete results.
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