Introducing Accepted!

The Accepted team is super excited to welcome all of our new blog readers!

For those of you who don’t know much about Accepted, here is a little bit about who we are and what we do best:

We look forward to getting to know you better too – so keep up the great conversations in the comments section.

Accepted: The Premier Admissions Cosultancy

Valentine’s Day, Economics, and Stanford GSB

Listen to our interview with Dr. Paul Oyer!The Valentine’s Day episode of Admissions Straight Talk — the perfect opportunity to invite… an economist to be our guest on the show.

Listen to the full recording of our enlightening conversation with Dr. Paul Oyer, Professor of Economics, at Stanford’s Graduate School of Business. Dr. Oyer and Linda discuss the common thread between dating, economics, and admissions. Spot-on, right?

00:02:12 – Featured Applicant Question: Do I need to explain my low GPA to the adcom?

00:06:18 – Why Dr. Oyer wrote Everything I Ever Needed to Know about Economics I Learned from Online Dating.

00:11:04 – The limits of economics in explaining online dating.

00:15:49 – How offline dating is like an economic market too. (Yup, economists take the fun out of everything.)

00:17:42 – Signaling: Why education is a waste, but still serves a purpose. How virtual roses signify credibility. And what the college/grad school admissions process has to do with signaling.

00:32:06 – The parallels between economics and dating – Wonderful, but not surprising.

00:33:47 – An interesting aspect of the law and MBA student internship-to-job-offer ratios.

00:38:20 – A Stanford GSB professor’s reflection on the defining characteristic of students at that b-school.

00:40:51 – How Dr. Oyer’s books have changed his teaching.

00:43:36 – What MBA students need to know before they start school.

Listen to the full conversation to learn more!*Theme music is courtesy of podcastthemes.com.

Related Links:

• Everything I Ever Needed to Know about Economics I Learned from Online Dating
Roadside MBA: Back Road Lessons for Entrepreneurs, Executives and Small Business Owners 
• How to Be a Better Valentine, Through Economics
• Stanford GSB Zone
• Stanford GSB 2015 MBA Questions, Deadlines, Tips
• Get Accepted to Stanford GSB, a free webinar

Related Shows:

• A B-School Professor on Main Street, USA
• The Stanford MSx Program for Experienced Leaders
• MBA Project Search: Matchmaking for MBAs and Businesses
• Entrepreneurship at Stanford GSB: Carlypso Drives Down the Startup St.

Leave a Review for Admissions Straight Talk:

Check Out Admissions Straight Talk in iTunes! Check Out Admissions Straight Talk in Stitcher!

Getting a High-Value Law Degree

Click here to learn the 5 fatal flaws to avoid in your law school personal statement!

Have a high LSAT? Pay less for law school.

Applications to law schools are down – which should be good news for applicants, right? Maybe not. A new article in Business Week points out that LSATs still matter. People who have higher LSAT scores – and, consequently, stronger applications – pay less for law school than less qualified applicants.

The article points that out people who scored over 165 on the LSAT have the option to either pay up to $120,000 for three years at a top ten school or pay less to attend a school slightly lower ranked. These students are most likely to get jobs in a contracting market, so their investment is worthwhile.

Those who score below 150 on the LSAT, however, still pay around $40,000 a year to go to low- or unranked schools. These people are the ones least likely to find employment upon graduation even though they paid the same as the high-LSAT scorers. Such a “high-cost, low-value” situation is affecting twice as many people as in prior years.

So, what’s the take-away for applicants? Rank matters, especially when you are paying for a law degree. Be sure that you make your application as strong as you can both by studying for the LSAT and submitting an excellent personal statement.

8 Tips for Law School Admissions
JessicaPishkoJessica Pishko graduated with a J.D. from Harvard Law School and received an M.F.A. from Columbia University. She spent two years guiding students through the medical school application process at Columbia’s PostBacc Program and teaches writing at all levels. 
Related Resources:

5 Fatal Flaws to Avoid in Your Law School Application
• 5 Things Law Schools Want To See In Applicants
• How I Wrote a Personal Statement that Got Me Into Harvard Law School

LSAT Scores Drop Among Students at Top Law Schools

Do you have a low LSAT score? Here are some stats from a recent Businessweek article on the declining LSAT scores at U.S. law schools:

  • Since 2010, 95% of the 196 U.S. law schools (those at least partially accredited by the ABA) lowered their standards for students in the bottom quartile of students (at the 25th percentile).
  • Emory University saw the largest drop in LSAT scores for 25th percentile students with a 5% drop (nine fewer points) from 2010 to 2013.
  • Across all schools examined by the National Conference of Bar Examiners (NCBE), LSAT scores for this bottom quartile dropped an average of three points.
  • The median LSAT score across all schools declined 1.7 points since 2010.
  • First-year enrollment in ABA law schools is down 28% since 2010. (At Emory, enrollment declined 21% in this time period.)

According to the BW article, “LSAT scores matter because they tend to correlate closely with scores on one section of the bar exam, so when schools admit lower-scoring students on the former test, they risk producing more graduates who have a hard time passing the bar.”

ABA-Accredited Law Schools that Saw the Greatest Drop in Scores among the 25th Percentile:

LSAT scores at the top law school


Accepted.com: The Premier Admissions Consultancy
Related Resources:

How I Wrote a Personal Statement that Got Me Into Harvard Law School
5 Things Law Schools Want To See In Applicants
At the Nexus of Business & Law: Penn/Wharton’s JD/MBA

Daniel Webster Program Prepares Lawyers with Real Skills

Need help with your law school applications?

In a highly competitive market, law schools need to prepare their students to be ready to practice law upon graduation. According to the Wall Street Journal article, “Law-School Program Emphasizes Practical Skills” clients are simply no longer interested in paying new lawyers to “learn on the job.” Real, practical litigation experience is necessary (including taking depositions, interviewing clients, dispute resolution, pretrial/trial advocacy, and drafting motions and interrogations) if young lawyers want to compete for fewer job openings.

One school has taken concrete steps to better prepare their lawyers. At the University of New Hampshire School of Law’s Daniel Webster Scholar Honors Program, students are taught practical skills that prepare them for immediate entry into the world of law. The program steers away from traditional lectures and doctrinal education; frequent feedback, courtroom and client simulations, and personal reflections are all important elements to the Daniel Webster program. Students take part in a capstone project on client interviews and complete the program with a standardized assessment – all clients in these simulations are played by actors.

The program, launched in 2005, admits students during their second year of law school. Since 2008, 120 students have graduated from the program.

According to the Wall Street Journal article, “Participation in the program – not scores on the Law School Placement Exam or class rank – was the only predictor of student performance on the standardized client interview.”

A study conducted by the Institute for the Advancement of the American Legal System (IAALS) found that non-Daniel Webster lawyers scored on average 3.11 out of 5 on standardized client interview assessments, compared to an average of 3.76 out of 5 for Daniel Webster scholars.

8 Tips for Law School Admissions - Download your free guide today!

Accepted.com: The Premier Admissions Consultancy
Related Resources:

5 Fatal Flaws to Avoid on Your Law School Application
2015 Best Law Schools by U.S. News
Your Law School Personal Statement…It Needs to Be, Well, Personal!