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How many programs should be ranked? I think the dependent factor is what is the chance of making a rank list after you have interviewed at a place. I will call this the rank ratio, or RR. I will comment on how to estimate this RR in a moment. For now, assuming you know the average RR of all the programs you interviewed at, you can calculate your rank list length required to give you a certain confidence interval of matching. We'll asume 95% is acceptable, then the chance that you will be ranked at at least one program on your rank list at a 95% CI is described by the equation below:
(1) (1-RR)^n > .95 where n is the length of your rank order list, you can solve for n to figure out how many programs to rank. (obviously this is very dependent on how well you estimate RR)
A recent thread I read stated that the PD at BIDMC said during an interview that an applicant who ranks BIDMC first on thier list has a 50% chance of matching there. This means that BIDMC ranks half the people they interview, so the RR at BIDMC is 0.5.
Now, how should one estimate RR? Well, there are two considerations. 1) the competiveness of the program you are ranking, and 2) your competiveness within the interview pool at that institution.
as for #1, BIDMC interviews approx. 515 people for 48 spots, and rank approx 250, so they rank 5 times as many people as they have spots. BIDMC is a desireable place to do residency, so it is fair to assume that less competitive places have a longer rank list to spot ratio then 5:1. - meaning they rank a higher percentage of individuals than 50%, some programs rank everyone they interview.
as for #2, that should be based on your idea of where you fit into the pool, and is something we are all doing all the time when we visit this web site. Sooo...
If you are applying to competitive places that do not need to rank everyone to fill and are an average applicant at those places compared to others, than your RR should be about 50% given the example of BIDMC. Therefore, solving for n in equation 1, you should rank 5 places to give yourself a 97% chance of matching. If your a sub-par applicant compared to the other interviewees and you somehow managed interviews at the most prestigous institutions, your RR at those places may be much lower, something like 10%, BUT if you were good enough to get those interviews your RR at a less competitive program would probably be close to 1.
Of course all this is silly cause everyone matches in IM, and you can rank as many programs as you want as long as you like them, but I think the comforting thing is that realistically you only need to interview at 5 or so places to match and save time and money. This is probably a more applicable problem for comptetive resdiencies.
Sorry for this but I am bored on a very slow service --
Good day.
(1) (1-RR)^n > .95 where n is the length of your rank order list, you can solve for n to figure out how many programs to rank. (obviously this is very dependent on how well you estimate RR)
A recent thread I read stated that the PD at BIDMC said during an interview that an applicant who ranks BIDMC first on thier list has a 50% chance of matching there. This means that BIDMC ranks half the people they interview, so the RR at BIDMC is 0.5.
Now, how should one estimate RR? Well, there are two considerations. 1) the competiveness of the program you are ranking, and 2) your competiveness within the interview pool at that institution.
as for #1, BIDMC interviews approx. 515 people for 48 spots, and rank approx 250, so they rank 5 times as many people as they have spots. BIDMC is a desireable place to do residency, so it is fair to assume that less competitive places have a longer rank list to spot ratio then 5:1. - meaning they rank a higher percentage of individuals than 50%, some programs rank everyone they interview.
as for #2, that should be based on your idea of where you fit into the pool, and is something we are all doing all the time when we visit this web site. Sooo...
If you are applying to competitive places that do not need to rank everyone to fill and are an average applicant at those places compared to others, than your RR should be about 50% given the example of BIDMC. Therefore, solving for n in equation 1, you should rank 5 places to give yourself a 97% chance of matching. If your a sub-par applicant compared to the other interviewees and you somehow managed interviews at the most prestigous institutions, your RR at those places may be much lower, something like 10%, BUT if you were good enough to get those interviews your RR at a less competitive program would probably be close to 1.
Of course all this is silly cause everyone matches in IM, and you can rank as many programs as you want as long as you like them, but I think the comforting thing is that realistically you only need to interview at 5 or so places to match and save time and money. This is probably a more applicable problem for comptetive resdiencies.
Sorry for this but I am bored on a very slow service --
Good day.