One of the reasons why the majority of new graduates of a professional school from the same university get similar pay is that firms pay for what they consider to be

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Firms typically pay new graduates from the same professional school similar salaries because they are assumed to be observationally equivalent in terms of their skills and credentials. This is based on the assumption that the students have received a similar level of education and training, and therefore possess similar levels of knowledge and expertise. However, this does not necessarily mean that they are all equally productive, and there may be differences in their actual job performance and contribution to the firm.

One of the Reasons Why the Majority of New Graduates