http://www.youtube.com/watch?v=c3FTaljUVcU Discuss. How does law school compare to business school? Any value to a JD/MBA?
To a certain extent, a JD can substitute for an MBA. BAC and GS CEOs are both lawyers. However, it’s probably not worth the extra year, unless you want to be a lawyer.
Kellogg’s JD/MBA does it in 3 years but it is both a top14 law and top 5 mba so its supercompetitive
I actually did a lot of looking into the program and it seems the people who would be best served with the combo would be people who own their own businesses or work in small business. Its generally a 4-year program which is a lot of time for anyone to give up. And its hard to rationalize doing them both since they are supplementary fields.
Anyone have insight regarding 1st year MBA vs 1L? I’m at a turning point with my MBA where I could decide to go to law school and attain the JD/MBA. It’s not in the ballpark of Kellogg’s however. I think my indecisiveness is my answer, but I was curious if anyone here sees value for someone who wishes to work in finance but have a law credential. Notwithstanding most people doing the JD/MBA become attorneys who have a business acumen.
Dude, don’t forget medical school. You’ll be set going forward with this health care bill. You’d be the top dealman/analyst in the health care industry.
UNLESS YOU WANT TO BE A LAWYER, DON’T GO TO LAW SCHOOL! Reread that previous sentence. A JD will build skills that only useful if you want to practice law. Knowing civil procedure isn’t going to help you calculate yield to maturity for a bond. I see NO value in getting a JD/MBA. Choose one or the other. I’m convinced the only reason schools offer the combo is to milk more tuition dollars out of their students.
everyone that i know who graduated with an LLB/MBA are in ibanking. i guess its a good combo to become an ibanker for some reason
just guessing but would the combo help someone get in the distressed/work out/bankruptcy area of finance? (disclaimer: i have no interest in doing this)
i plan to get my jd/mba, but it is for a very specialized niche of the market that i want to break into edit: taking the lsat june 7
Good luck! Ari Gold has his JD and MBA combo as well. JD, MBA, CFA is the ultimate combo in the world.
storko Wrote: ------------------------------------------------------- > Good luck! > > Ari Gold has his JD and MBA combo as well. > > JD, MBA, CFA is the ultimate combo in the world. charles hadelman has his cfa charter and harvard jd/mbas
QuantJock_MBA Wrote: ------------------------------------------------------- > Dude, don’t forget medical school. > > You’ll be set going forward with this health care > bill. You’d be the top dealman/analyst in the > health care industry. my friend went to harvard med and now works in healthcare m&a. she does pretty well.
I was half kidding with the post. I feel a JD/MBA/MD could be money with this health care bill turning point. All the best philip.platt. Make us proud!
How does law school compare to business school? In class, law school is basically an extension of college. A lot of the students have 0-2 years of work experience, and often this work experience will be volunteering or working at REI or something like that. Typically a lecture format with the professor trying to pull class participation out of the students. No group projects. Hyper competitive when it comes to grades. Extracurriculars like law review and moot court can be brutal and time consuming. In class, business school is a little bit more mature. Nearly everyone has 3-7+ years of work experience, and it will be good. People are there because they want to be (usually), so there’s a lot of enthusiasm. Lots of class participation and group projects. Most people aren’t too concerned with grades, but doing well in the core classes is usually important for consulting and investment banking. Extracurriculars consist of serious and unserious clubs, planning conferences, and having fun. In terms of career prospects and starting pay between each choice, I would say it’s roughly a 1:2 ratio, so the #30 law school is probably equivalent to the #15 business school. All the investment banks go to the # 15 b-school, and you’ll have a pretty good shot doing big law from the #30 law school. And if you do big law on a coast, you’re looking at a $160k starting salary with a 10-50k bonus. Any value to a JD/MBA? I don’t think so. Maybe if you wanted to be a lawyer at a hedge fund, but you’d probably want to be doing analysis then, instead of making sure the presentations have the right legal disclaimer on them. If you really want to do law, then you probably don’t need to know the business angle–I know securities litigators who can’t calculate the PV of a bond. They hire consultants and experts to handle all of that. And if you want to do business, knowing arcane legals rules probably won’t help too much. Finally, this is a really rare option (maybe <1%), which actually might hurt you in the recruiting process. Recruiters might have a hard time putting you in a particular bucket or believing that you’re really passionate about consulting when you’ve been going to law school for three years.
naturallight Wrote: ------------------------------------------------------- > How does law school compare to business school? > > In class, law school is basically an extension of > college. A lot of the students have 0-2 years of > work experience, and often this work experience > will be volunteering or working at REI or > something like that. Typically a lecture format > with the professor trying to pull class > participation out of the students. No group > projects. Hyper competitive when it comes to > grades. Extracurriculars like law review and moot > court can be brutal and time consuming. > > In class, business school is a little bit more > mature. Nearly everyone has 3-7+ years of work > experience, and it will be good. People are there > because they want to be (usually), so there’s a > lot of enthusiasm. Lots of class participation and > group projects. Most people aren’t too concerned > with grades, but doing well in the core classes is > usually important for consulting and investment > banking. Extracurriculars consist of serious and > unserious clubs, planning conferences, and having > fun. > > In terms of career prospects and starting pay > between each choice, I would say it’s roughly a > 1:2 ratio, so the #30 law school is probably > equivalent to the #15 business school. All the > investment banks go to the # 15 b-school, and > you’ll have a pretty good shot doing big law from > the #30 law school. And if you do big law on a > coast, you’re looking at a $160k starting salary > with a 10-50k bonus. > > Any value to a JD/MBA? > > I don’t think so. Maybe if you wanted to be a > lawyer at a hedge fund, but you’d probably want to > be doing analysis then, instead of making sure the > presentations have the right legal disclaimer on > them. > > If you really want to do law, then you probably > don’t need to know the business angle–I know > securities litigators who can’t calculate the PV > of a bond. They hire consultants and experts to > handle all of that. And if you want to do > business, knowing arcane legals rules probably > won’t help too much. > > Finally, this is a really rare option (maybe <1%), > which actually might hurt you in the recruiting > process. Recruiters might have a hard time putting > you in a particular bucket or believing that > you’re really passionate about consulting when > you’ve been going to law school for three years. There a ton of unemployed law school grads flooding this market. Don’t waste your time and money.
The JD / MBA combo adds value for specific niches: - Securities law - Distressed debt re: the bankruptcy process - Some specialized M&A stuff - Maybe a handful of other specialized things For most types of “regular” investing such as buying stocks and bonds, the JD will be totally irrelevant and the MBA will be mostly irrelevant outside of its signaling value (top 5-10).
bmwhype Wrote: ------------------------------------------------------- > Kellogg’s JD/MBA does it in 3 years but it is both > a top14 law and top 5 mba so its supercompetitive university of Chicago also has a joint program.