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What field is it that you are referring to in which many people have law degrees but don't use them?
I probably made a mistake by saying most in my first post, but I was referring to hedge fund managers. An MBA would probably be the more logical choice, but like I said earlier, I attend, at best, a mediocre undergrad. I-Banks simply don't recruit there. I really don't want to take a menial job for the next 5 years until business schools decide that I have enough work experience, so law school is the best option. I also think I would prefer a JD to an MBA. I want something more intellectual than the networking party that is business school.
Like ArkansasFan, something always told me to go to law school. When I was little and people asked me what I wanted to do, I didn't say baseball player or movie star. I told them I was going to be a lawyer. Maybe I was just a prestige whore at ten. I find the law very interesting, but who knows if I have a breaking point where I'll just say, "Damn this is boring." Without actually trying it, I'll never know. Besides, if it doesn't work out, I doubt a law degree from a school like Columbia would prevent me from landing a job on Wall Street.