Is UVA worth $45,000 over Michigan?

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UVA vs Michigan for Regulatory Law/Gov

UVA ($75,000 Scholly)
25
38%
Michigan ($120,000 Scholly)
40
62%
 
Total votes: 65

abcabc
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Is UVA worth $45,000 over Michigan?

Postby abcabc » Thu Jun 11, 2015 10:36 am

I have to make the call very, very soon.

UVA: $75,000 Scholarship
Michigan: $120,000 Scholarship

COA: The rest of the COA will be covered by the family, so I'm in a very fortunate position. If UVA isn't worth the extra $, however, I would hate to have my family pay for that extra dime.

Goals: Biglaw or Gov (DOJ, SEC, FTC, etc.)
Preferred markets: DC -> NYC -> Cali

Also, I'm considering JD/MBA. I believe Darden and Ross are pretty much peers, just like the law schools. I've visited and loved both schools' environments.

The only concerns I have about Michigan is its recent employment stats/trends. I've done my research, and I'm getting different feedback on this. Some say it's a short-term outlier/noise sort deal, and Michigan's #s will bounce back up. Others say it's more long-term for various reasons (i.e. Detroit, old-school prestige dwindling, etc.).

Since my goal is Biglaw or Gov, I'm thinking UVA may be worth the extra $45,000. Any advice/thoughts? Thanks.
Last edited by abcabc on Thu Jun 11, 2015 11:15 am, edited 1 time in total.

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BruceWayne
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Re: Is UVA worth $45,000 over Michigan?

Postby BruceWayne » Thu Jun 11, 2015 10:48 am

Hell no it isn't worth what will really end up being like at least $55K more.

No school in the top 14 not named Harvard, Yale, or Stanford is worth $45K more than Michigan. It seems like no big deal now but when you get out and have to fork over an extra couple hundred dollars a month out of your pay check you won't be thinking "God I'm glad I choose UVA over Michigan".

Anon. E. Moose
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Re: Is UVA worth $45,000 over Michigan?

Postby Anon. E. Moose » Thu Jun 11, 2015 10:49 am

I faced basically the same choice (slightly smaller scholarship at UVA and slightly bigger scholarship at Michigan, for a $75,000 gap). I just finished 1L at Michigan, and I haven't regretted it for a second. It's difficult to overstate how nice it is to have a greatly reduced debt burden. Everything (finals, job search, etc.) is less stressful with less debt. It's a great feeling.

People at Michigan get jobs. Take the money and run!

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OhBoyOhBortles
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Re: Is UVA worth $45,000 over Michigan?

Postby OhBoyOhBortles » Thu Jun 11, 2015 10:49 am

120k at Mich is a killer offer. I wouldn't walk away from that.

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runinthefront
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Re: Is UVA worth $45,000 over Michigan?

Postby runinthefront » Thu Jun 11, 2015 10:52 am

I think there are around 5-7 schools worth 45K more than UM (or at least defensible). . . but UVA isn't one of them. That's a good scholly offer from UM

arklaw13
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Re: Is UVA worth $45,000 over Michigan?

Postby arklaw13 » Thu Jun 11, 2015 10:59 am

take the money and never look back

Hutz_and_Goodman
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Re: Is UVA worth $45,000 over Michigan?

Postby Hutz_and_Goodman » Thu Jun 11, 2015 11:04 am

arklaw13 wrote:take the money and never look back

FloridaCoastalorbust
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Re: Is UVA worth $45,000 over Michigan?

Postby FloridaCoastalorbust » Thu Jun 11, 2015 11:08 am

UVA easily. You're not paying for it and UVA is a better school with better numbers.

edit - make a poll

abl
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Re: Is UVA worth $45,000 over Michigan?

Postby abl » Thu Jun 11, 2015 11:15 am

I'm not convinced UVA's worth $10,000 more than Michigan for someone who has as neutral goals as you (and the only reason why it might be worth a little more is because my sense is that UVA feeds into DC more than Michigan does). The schools are true peers.
Last edited by abl on Thu Jun 11, 2015 11:16 am, edited 1 time in total.

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RareExports
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Re: Is UVA worth $45,000 over Michigan?

Postby RareExports » Thu Jun 11, 2015 11:16 am

Yeah, if you're not paying and want to work in DC, UVA is probably the best bet. In any other situation though, I would take Mich.

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LA Spring
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Re: Is UVA worth $45,000 over Michigan?

Postby LA Spring » Thu Jun 11, 2015 11:16 am

Is there any way you can avoid Mich and UVA? Perhaps better choices like Duke, Penn or NYU?

CanadianWolf
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Re: Is UVA worth $45,000 over Michigan?

Postby CanadianWolf » Thu Jun 11, 2015 11:19 am

If targeting The South or DC, then Virginia is worth the difference.

Based on placement statistics, I think that there are seven (7) Top 14 law schools worth $45,000 more than Michigan. (Harvard, Stanford, Yale, Columbia, Chicago, NYU & Penn.)

CanadianWolf
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Re: Is UVA worth $45,000 over Michigan?

Postby CanadianWolf » Thu Jun 11, 2015 11:22 am

OP: Since you have erased/deleted all of your prior posts it's difficult to offer much more than generalized opinions. The JD/MBA intent is interesting.

abcabc
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Re: Is UVA worth $45,000 over Michigan?

Postby abcabc » Thu Jun 11, 2015 11:24 am

Thanks for all the responses/feedback so far. It looks like the majority is recommending Michigan.

I was leaning that way as well (money is money), but one of my primary goals is to work in some sort of regulatory/gov role (i.e. SEC/Federal Reserve Board). Due to proximity to the DC area, I was thinking perhaps UVA is worth the extra cost.

It's definitely a tough choice.

abcabc
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Re: Is UVA worth $45,000 over Michigan?

Postby abcabc » Thu Jun 11, 2015 11:26 am

CanadianWolf wrote:OP: Since you have erased/deleted all of your prior posts it's difficult to offer much more than generalized opinions. The JD/MBA intent is interesting.


Haha, I was a bit 'paranoid' about outing myself, but here I am with another post. TLS is such a great resource.
Last edited by abcabc on Thu Jun 11, 2015 11:32 am, edited 1 time in total.

CanadianWolf
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Re: Is UVA worth $45,000 over Michigan?

Postby CanadianWolf » Thu Jun 11, 2015 11:29 am

I voted for Virginia based on your target market of DC & the fact that your family seems to be able to comfortably afford the difference. But, it would be interesting to know why you are considering the joint JD/MBA degree ? I, unlike many other posters, often see this as a wise investment.

Is your undergraduate degree in a business related field ? Do Michigan & Virginia both require a fourth year to earn both degrees ?
Last edited by CanadianWolf on Thu Jun 11, 2015 11:31 am, edited 1 time in total.

Traynor Brah
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Re: Is UVA worth $45,000 over Michigan?

Postby Traynor Brah » Thu Jun 11, 2015 11:30 am

BruceWayne wrote:No school in the top 14 not named Harvard, Yale, or Stanford is worth $45K more than Michigan.

Well, that's a pretty big overstatement. But UVA, in particular, is not worth 45K more.

UMich is TCR here. And unless you have a compelling reason to do it, I would advise against the dual MBA, unless it is a combined three year program and doesn't cost you that much more.

abcabc
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Re: Is UVA worth $45,000 over Michigan?

Postby abcabc » Thu Jun 11, 2015 11:31 am

CanadianWolf wrote:I voted for Virginia based on your target market of DC & the fact that your family seems to be able to comfortably afford the difference. But, it would be interesting to know why you are considering the joint JD/MBA degree ? I, unlike many other posters, often see this as a wise investment.


Two reasons I'm considering JD/MBA. One, I'm interested in financial regulatory law (SEC, Fed Reserve Board, and such). I was thinking the finance/economics coursework would be useful in getting that first job. Two, Career flexibility as far as business/law/government is concerned.

Are you also interested in pursuing JD/MBA (or currently enrolled in one)? Am I thinking this correctly?

CanadianWolf
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Re: Is UVA worth $45,000 over Michigan?

Postby CanadianWolf » Thu Jun 11, 2015 11:35 am

I finished law school a long time ago. Most biglaw firms give advanced standing or bonuses for joint JD/MBA degrees (not sure if this practice has changed within the last couple of years though).

MBA is very valuable in a corporate practice as you are proficient in the client's language. Certainly should be an asset if exiting biglaw to a corporate client.

The good news is that since the popular rhetoric on this site is against joint degrees, you'll have an advantage in the interviewing process.

abcabc
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Re: Is UVA worth $45,000 over Michigan?

Postby abcabc » Thu Jun 11, 2015 11:41 am

CanadianWolf wrote:I finished law school a long time ago. Most biglaw firms give advanced standing or bonuses for joint JD/MBA degrees (not sure if this practice has changed within the last couple of years though).

MBA is very valuable in a corporate practice as you are proficient in the client's language. Certainly should be an asset if exiting biglaw to a corporate client.

The good news is that since the popular rhetoric on this site is against joint degrees, you'll have an advantage in the interviewing process.


That's very interesting. Could you please provide some insights into the value of JD/MBA for any regulatory work and government hiring?

Also, is there a level where the advantage of MBA begins to taper off? For example, I'm assuming Harvard/Stanford degrees are always invaluable. How about the schools I'm looking at (i.e. Darden and Ross)?

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xylocarp
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Re: Is UVA worth $45,000 over Michigan?

Postby xylocarp » Thu Jun 11, 2015 11:43 am

Would the cost difference be a burden on your family at all?

abcabc
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Re: Is UVA worth $45,000 over Michigan?

Postby abcabc » Thu Jun 11, 2015 11:45 am

xylocarp wrote:Would the cost difference be a burden on your family at all?


No, but I would hate for my family to pay for anything (i.e. that extra $ at UVA) if it's not worth it at all.

CanadianWolf
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Re: Is UVA worth $45,000 over Michigan?

Postby CanadianWolf » Thu Jun 11, 2015 11:46 am

The value of an MBA degree increases as one progresses throughout many government positions because managerial skills are valued at the higher levels.

CanadianWolf
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Re: Is UVA worth $45,000 over Michigan?

Postby CanadianWolf » Thu Jun 11, 2015 11:48 am

OP: Since you are targeting DC for a regulatory or biglaw position, you should ask each law school for their most recent years placement data.

Also, your undergraduate major comes into play re: MBA option.

abcabc
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Re: Is UVA worth $45,000 over Michigan?

Postby abcabc » Thu Jun 11, 2015 11:54 am

CanadianWolf wrote:OP: Since you are targeting DC for a regulatory or biglaw position, you should ask each law school for their most recent years placement data.

Also, your undergraduate major comes into play re: MBA option.


I took a look at the most recent placement data, and UVA definitely has more folks in Fed/Biglaw positions in DC. Not sure about regulatory specifically, but I'm assuming UVA has higher placement there as well.

Also, I graduated from a top-10 UG business program (Cornell/Ross/Stern/Haas/UNC - that level of school). Would the MBA be redundant in my case then?




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