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  • attend a top 10 law or a premier business school nor do they hunt for six figure jobs in their mid twenties if ever So many times that person may end up jumping through a lot more hoops to get to the promise land of finding employment ii And not only do these individuals represent a small percentage of the overall economy but they also have the advantage of undergoing a highly sophisticated recruiting process that starts well before interview season begins A process where employers have coffee chats luncheons mixers and receptions months before recruiting ever begins And a process where hundreds of employers accept resumes come to campus and interview dozens of students on campus all day And sometimes multiple days So taking a step back and looking at everything from a 30 000 foot big picture view I see that it s a privilege to have the process in place So with a 30 000 foot view in mind here are the objective arguments about the labor force from both sides 1 One on hand the hard numbers from BLS do suggest improvement i In total employers added 162 000 jobs in March the biggest monthly gain in three years That s always a good starting point ii Manufacturing payrolls have also reportedly increased iii This story is also true for heath care employers who added 27 000 full time jobs and 40 000 private sector temp jobs iv Surprising is that construction field held steady for the first time after losing nearly 865 000 last year v Further sources also suggest that the investment banks are finally starting to breathe again and that broadening their scopes of services has helped them to decrease risk and squeeze out more revenues vi And finally the unemployment rate is still down to 9 7 2 On the other hand context suggests that the grass may only look greener i I suspect we re all aware that the number of jobs and hence total payroll numbers continue to skydive in financial industry Venture capital and entrepreneurship numbers also remain low ii However even the numbers that are improving according to US News may really be more related to a reduction in labor force than an improving economy iii But despite these more nuance calculations even real growth number according to some sources are lower than expected For example forecasters expected 200 000 new jobs in March not 162 000 And that s in spite of the fact that BLS reported more census takers this year than usual Not only does that potentially positively change the accuracy of the reporting of the numbers but it also increases the number of actual jobs created And coincidentally these happen to be six month temporary jobs not full time permanent jobs While adding temp jobs is a good way for businesses to pick up and a good way for folks to earn a bit of cash it also may not be indicative of any

    Original URL path: http://www.jeremycwilson.com/2010/04/04/ (2016-04-27)
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  • Studies 1 New York Times Study i Pay Table ii General Discussion iii Valuation Techniques 2 Wall Street Journal Study i Pay Table ii Discussion iii Valuation Techniques B Firms Behind The Studies 1 The NY Times study was put together by a firm named Equilar Equilar is the undisputed industry leader in compensation research Its analysts dig through proxy statement for a living and they tend to be consistent in their approach Many top compensation consulting firms utilize services from Equilar and some use them extensively 2 The Hay Group put together the WSJ study Its Compensation Consulting group is very good and competes with top firms for projects However in my experience it does not always hang with Mercer Towers Perrin Watson Wyatt and Aon for top clients I suspect all of the firms here including Hay Group use or have used Equilar quite a bit Comparisons aside both firms should have more than enough resources and experience to do this study and the real challenges are i finding all the numbers ii maintaining consistency of methodology of those numbers across the 200 companies and iii using a sensible option pricing model to calculate the expected stock value i e black scholes Not a cake walk by any means but doable C What does this mean For what it s worth here s my opinion Stock compensation is hard to value There are a large number of assumptions in every calculation many of which change depending on the effective date and are subject to late disclosure non disclosure or improper disclosure by the companies It also depends on all the black scholes assumptions If these expert firms can t come up with consistent numbers then the media definitely has no business putting out numbers in magazines and papers which influences and persuades the general public Similarly articles bashing Pay for Performance should also be assessed on the merits of the research and experience of the researcher And to be valid they should be back with a good data set Governance standards for proxy filings still has room for improvement I suspect they will continue to refine the rules come up withe more standard approaches and further incent companies to follow In the past few years they ve made some progress But these are all high level ideas easier written about in a post than driven forward and easier discussed than executed Executive pay analysis is difficult not only because it s highly technical and nearly impossible to interpret inconsistent and non standardized data but also because many numbers are never even disclosed and because the rules of the game are continuously changing The good news is that the U S has taken strides over the past few years and they ve taken leaps and bounds as compared to the rest of the world But now that we re in a bit of a standstill with the economy and there are so many questions about valuation how do we

    Original URL path: http://www.jeremycwilson.com/2010/04/08/ (2016-04-27)
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  • which means more schools get NOs from students As such it seems as though for some law students the admit weekends may be pretty important While some students pick law schools entirely based on ranking many get comfortable with a certain range of rankings and after that look more at program fit and culture some of which weigh that more highly than ranking For the latter group and hopefully to convince some in the former group schools have events like DANL DANL 2010 just kicked off on Friday They had a pretty interesting day of events met alumni met other admits and had a few sessions during the day As part of that a few students came to my Con Law and Property classes They also took part in a dinner at a local restaurant Zoo Life and came to the annual year end show put on by a group of law students Today they have a jam packed schedule since it s the weekend where more students can help Schools usually jam as much into the schedule as possible and it begins bright and early before 9am Though it will be interesting to see how many admits make the 9am deadline considering I saw a number of them out pretty late the first night These sorts of events are a good way for Northwestern and all schools to do some recruiting and increase yield Given the volume of admits and events though it s indeed a group process to make that happen Conventional human capital theory says that recruitment is most effective as a team sport As soon as you have one teammate then the workload splits 50 50 With two teammates it s 33 33 33 Then 25 25 25 25 And so on This is especially important when in admissions recruitment and at events like DANL where you want to hit a critical mass reach out to more and more people give everyone a chances to ask questions and uncover information and have someone there with experiences in everything NU Law I m personally here helping out this weekend too I m doing what I can to help speak to the JD MBA admits and other admits who want to discuss careers issues In fact I m helping at a careers table today during the fair in just a bit I personally had a lot of fun at my admit weekends mostly MBA schools and I even had a blast going back to DAK Kellogg admit weekend this year as a law student So I guess this is my way of giving back Peer support is pretty big at Northwestern so giving back is pretty easy And when you have one person who wants to get involved that mentality often cascades throughout the school or at least through the club and in the end you may end up with a lot of people who want to pitch in and help And at that point you go from

    Original URL path: http://www.jeremycwilson.com/2010/04/10/ (2016-04-27)
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  • be showing up that night since I had heard from a lot of them earlier in the day So I quickly chatted with one or two members of the admissions team and talked about the upcoming admit weekend in late April I took a look at the list to see which JD MBAs would likely not be coming out and I concurrently scanned the room to see who was around And after leaving the check in table quickly found my way to a few good conversations The first who actually turned out to be a 2009 alum who worked in marketing in Chicago I actually saw her in the elevator right up in front of me on the way up to the event so knew I d eventually catch up with her I also ran into an MLT Fellow and a friend who I met in New York City a few weeks back I enjoyed engaging in conversations and seeing where people where from and what other schools they were considering Although for some people doing this may be a bit less natural having food being admitted to the same school and having a bar usually helps to mitigate that At some point I finally made my way over to the bar for a glass of wine but I spent more of my time and energy chatting with people nearby I did this for about 30 or 45 minutes before we had to head into the adjacent room where Kellogg had set up a 5 person panel of alumni to talk about their experiences Most people grabbed a drink from the bar on the way into the room and took a seat to see the panel session Taking my glass of wine with me into the other room as well I decided to sit at a table where I didn t know anyone at the time The panel was facilitated by Director of Admissions Beth Flye and led by a panel member who was a partner at Deloitte and an older Kellogg alum It was pretty typical panel though instead of fielding many questions Kellogg threw them a few underhand softball questions for most of the time And by the time they opened it up for Q A I think most people were ready to mingle again One thing that interested me just before the event ended was that I ran into my friend that I d met in New York City a second time that night And he was looking for finance information about Kellogg specifically alum in the private equity industry I was surprised he hadn t bumped into anyone that night because I found a number of them in the room including the person I spoke to five minutes before form Madison Dearborn Although people like to call Kellogg a marketing school Kellogg usually has more finance majors than marketing so it tends to attract a lot of people just like this So I shared the information

    Original URL path: http://www.jeremycwilson.com/2010/04/12/ (2016-04-27)
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  • usual there was very little change at the top of both lists a fact which was also confirmed by the leaked rankings days before In the end my opinion is that these new rankings don t really change much because I personally think that there are a lot more things to consider when choosing a school than the school s ranking However most people do factor ranking into their analysis so it is interesting to see how things shake up from year to year As such below I ve listed the top 15 ranked MBA programs for 2011 You can also click here to see the full list on US News website and click here to see how U S News came up with its rankings i e methodology 1 Harvard Business School 1 Stanford Graduate School of Business 3 MIT Sloan 4 Kellogg Northwestern 5 Chicago Booth 5 Wharton Penn 7 Tuck Dartmouth 7 Haas Berkeley 9 Columbia Business School 9 NYU Stern 11 Yale SOM 12 Ross Michigan 13 Darden UVA 14 Fuqua Duke 15 Anderson UCLA Similarly here are the top 14 for this year You can click here to see the full list of law schools and click here to see how U S News came up with its rankings i e methodology 1 Yale 2 Harvard 3 Stanford 4 Columbia 5 Chicago 6 NYU 7 Berkeley 8 Penn 9 Michigan 10 Virginia 11 Duke 12 Northwestern 13 Cornell 14 Georgetown Sunday April 18th 2010 Admissions Business School Law School No Comments Join the conversation AskJeremy Jeremy C Wilson is a JD MBA alumni using his site to share information on education the social enterprise revolution entrepreneurship and doing things differently Feel free to send along questions or comments as you read EducationMatters Share your education

    Original URL path: http://www.jeremycwilson.com/2010/04/18/ (2016-04-27)
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  • Click here for my follow up post on the Constitutional Law exam The entire crowd was engaged and ready for an inspiring afternoon After almost every remark for the first five minutes a series of claps and wows would ripple through the audience from front to back and sometimes back to front often ending with those around me an entire row of Stanford MBAs In his welcoming address Mr Hennesey ended with the remark I mentioned above that This is a university willing to take chances to push the boundaries to work in collaborative new ways to try to make a difference in our world In that moment right at the outset I re connected with Stanford which unfortunately has been a rare experience given I ve spent the past four years in Boston Phoenix and Chicago And for the day I didn t think much about my upcoming finals here at law school Instead I took the day to engage in the event connect with old friends conjure up old memories and traditions think about the broader vision that Stanford had and finally to do what I enjoy most meet lots of new people I attended the first few sessions with GSB alum Marquis Parker MBA M Ed Class of 2006 and Stanford MBA blogger I also re connected with fellow 05 Anthropology major Andrea Lazazzera who also happened to be the master organizer of the Chicago event I saw two of my good friends from my undergrad days who I met during Stanford s Engineering Academy I had drinks with a good buddy who also lives in Chicago but who I don t see often because of law school And I even ran into a Stanford grad that graduated from Northwestern Law in 2009 It was great seeing everyone again But more than the great connections that I made at the event the underlying purpose was to show that leadership matters and that Stanford is playing a leading role as the nation is facing real challenges ahead And in a series of panels speeches and seminar sessions President Hennessy deans and faculty shared their bold visions for Stanford in the 21st century They discussed the current financial crisis foreign policy issues clean energy Obama s appointment for the Supreme Court and how Stanford leaders were leading in all the fields It was pretty impressive The entire event blew me away I was inspired one of the guests said to me as the day concluded Another alumni commented that it was good to see everyone again in such an inspiring environment I agree with both of the comments And what I found most interesting about the event was that topic of money or donations never came up at least not to my knowledge Instead the focus of the event was on education and on leadership And in the end I re engaged with the idea that when we bring ourselves together around a common purpose and when we connect

    Original URL path: http://www.jeremycwilson.com/2010/04/19/ (2016-04-27)
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  • reading week so we can have time to study thoroughly for exams And at one point in the semester when you re all caught up you start to think the extra time should be plenty of time to master the material But from my perspective that s not entirely true because most people get behind get involved in other activities and sometimes just get a bit tired And so in my experience reading week is also a time to make up for all the reading you didn t do to catch up on outlining and to catch up on administrative things you have to finish i e I just did financial aid last week And as such it also becomes a time where some people constantly remind themselves of how much they need to study before our final exams A lot of people stress out about reading week although this semester seems much more lax than last I suspect that is both because people are too tired to be relaxed and because with one semester under our belts people are relying a bit more heaviliy on their legal analysis and analytical skills rather than pure work ethic to do well Most of us have our first final exam on Monday in Constitutional Law That should be the toughest one Despite that I ve personally I ve still maintained a pretty balanced lifestyle though Not only am I still writing posts on my website but I m also keeping active with other things This past weekend I went to a full day leadership seminar and networking event for Stanford alumni called Leading Matters Click here to see my recap of the event Last night I went to a talk by renowned economist and Nobel Prize winner Amartya Sen and it was well worth the time Today I ll be having lunch with a JD MBA admit who also happens to be a Stanford grad and I hopes to show her how great the JD MBA program here is Tonight I ll be headed out to Evanston for a kick off event for Kellogg s second Admit Weekend DAK 2 which like last year should be a lot of fun And concurrently I m also gearing up for my role on the Executive Committee for BMA at Kellogg Since most committee members are first year MBAs about to head into their second year and not entering students I have to play a little catch up before I can get started And unfortunately a lot of that happens now in the final quarter at Kellogg right in the middle of law school final exams So yes I m pretty busy just like the old consulting days when we had to cater to a big client Or perhaps a better analogy just like the old consulting days when I was also applying to business and law schools which was right in the middle of the economic recession and where we had to bill every

    Original URL path: http://www.jeremycwilson.com/2010/04/22/ (2016-04-27)
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  • good job managing my time when it was crunch time I read intensely I wrote and edited multiple outlines I pulled multiple all nighters And I marshalled the information in a way that was both effective and informative I even used the book series named Crunch Time to help But second semester is always a bit different This semester I ve personally spent more time on a variety of chores and activities and have spent more energy organizing more chaos around me It s been more of a balancing act In some respects that s because we all know what it feels like to take the exams and we re more well prepared than we were last semester Nonetheless now it s crunch time which means it s time to stop balancing so much and time to continue to increase hours reading studying outlining and then re doing all of those things until we re ready for the exam I hope that things will work out the same as they did last semester The good news though like I said is that we all know what to expect So people are less stressed my classmates are going home a bit earlier and as a result everyone seems to be a bit happier at least relative to last semester I suspect that the three hour exams will also feel like a piece of cake this go round especially for those of us that took part in the seven hour marathon exam in our Criminal Law Final exam with Len Rubenowitz last semester In the end the exams won t catch us by surprise that s for sure Whether everyone s new strategies are effective or not we ll see For me the question now is whether what I did before will

    Original URL path: http://www.jeremycwilson.com/2010/04/24/ (2016-04-27)
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