I want to make a lot of money. T1 with $$ or reapply Forum

[honestapplicant]

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[bk1]

I want to make a lot of money

Then don't go to law school.

[honestapplicant]

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[St.Remy]

What do you mean by 170+?

[honestapplicant]

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[Stonewall]

fortune cookie: "I foresee a big letdown in your future."

[honestapplicant]

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[rayiner]

Year off and reapply.

[Verity]

Yes, the obligatory witty TLS response

next

I like how OP has two total posts, but implies a strong familiarity with the ways of TLS. Something's a-brewin'.....

[bk1]

Yes, the obligatory witty TLS response

next

I'm not being witty. I'm saying that there are far better ways of making a lot of money than playing the biglaw OCI lottery (even at a T14) and then grinding out 60-80 hour weeks in NYC.

[honestapplicant]

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[honestapplicant]

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[Verity]

Yes, the obligatory witty TLS response

next

I like how OP has two total posts, but implies a strong familiarity with the ways of TLS. Something's a-brewin'.....

Oh I've been around. Not trolling though, just being as honest as I can without revealing enough to be ID'd

Fine. Then get a 175+ and ED to UVA. Or Northwestern if you're old. Then pray.

[bk1]

You're right, there are

But I'm kind of pigeonholed into this now, and there's no turning back

Since you're not actually attending law school, you aren't actually pigeonholed.

As for somebody who is biglaw or bust, retake/reapply is the obvious answer here.

[kapachino]

If you want models and bottles, get an MBA. Law ain't for you.

[honestapplicant]

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[Mike12188]

When did you apply? If you were dead set on T14 you should have ED'd somewhere.

Edit: If you applied before November you should have gotten Cornell and/or GULC RD

[honestapplicant]

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[Mike12188]

Where are you waitlisted? I've seen a lot of movement on the GULC thread.

[honestapplicant]

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[LettuceBeefRealTea]

1. Go to the regional school and focus on corporate finance/tax law
2. Start a business with the extra cash/time during the summer before/during your first year
3. ???
4. Graduate and profit

The only way you are going to make real money is starting your own business. It doesn't even have to be that good of an idea or have that much capital behind it. I mean it helps but isn't that important. It gives you a vehicle to cheat the tax system and equity to invest.


Seriously, your chances of making Ju$t Dollaz are very low. I don't think $150k/year while living in NYC or DC while working 80 hrs/week is being wealthy or ahead of the game. I think it is a route for people that are very hard workers and smart, some probably smarter than myself, but don't have the creativity/business sense to break out of a wage.

[honestapplicant]

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[BeautifulSW]

Profits per partner at the biggest Wall Street firm have occasionally reached the $1 million/year mark. If the OP has any real hope of making partner at such a firm (the chances are tiny) that's "rich" by most people's definition.

But the person who advised the OP to forget law school and do a top rank MBA was exactly right. You cannot conceive of the amounts of money successful investment bankers and securities traders actually make. The really successful ones count their incomes in fractions of a billion dollars per year. That's where the money was before the 2008 Crash and that's where the money has reappeared since.

[rayiner]

Profits per partner at the biggest Wall Street firm have occasionally reached the $1 million/year mark. If the OP has any real hope of making partner at such a firm (the chances are tiny) that's "rich" by most people's definition.

PPP at the biggest Wall Street firms is $2-$3m.

Chances at making millions of $$ in finance isn't any better than making that much in law. But you do have a better chance of making $500k-$1m for a bit before flaming out.

[BeautifulSW]

Fair enough. The point remains the same...for the pure pursuit of cash, law school isn't the best choice.