One flaw I wanna point out in your calculation is that even though the admitted student number is 35 for fall 2007, it is actually made up of 19 full time students and 16 part time. Mind you that majority of part time students are part time because they are already working full time in NYC. This explains why the corresponding employment statis for that group of students say that only 21 students were looking for employment upon graduation cuz the rest were already employed or not done with their part time studies yet.