Why law school over MBA?

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crazi4law
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Why law school over MBA?

Postby crazi4law » Wed Jul 25, 2012 2:41 pm

I may be generalizing here, but most people on this forum want to go to a top law school and work at a BigLaw firm, mainly because of the money and the prestige.

But going to a top MBA program also offers a plethora of career opportunities, and is much more flexible and compatible than a JD. Everyone knows that BigLaw is boring as hell, so why not just try for a top MBA and get into something like banking instead (somewhat better pay, somewhat more interesting)?

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westinghouse60
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Re: Why law school over MBA?

Postby westinghouse60 » Wed Jul 25, 2012 2:46 pm

crazi4law wrote:I may be generalizing here, but most people on this forum want to go to a top law school and work at a BigLaw firm, mainly because of the money and the prestige.

But going to a top MBA program also offers a plethora of career opportunities, and is much more flexible and compatible than a JD. Everyone knows that BigLaw is boring as hell, so why not just try for a top MBA and get into something like banking instead (somewhat better pay, somewhat more interesting)?


Getting into a top MBA requires several years of really good WE, which in turn would have required going to a top UG and getting a finance/math/econ etc degree instead of a worthless liberal arts degree. So, for a lot of people (like myself) it's too late to try to go that route.

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sambeber
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Re: Why law school over MBA?

Postby sambeber » Wed Jul 25, 2012 2:48 pm

crazi4law wrote:I may be generalizing here, but most people on this forum want to go to a top law school and work at a BigLaw firm, mainly because of the money and the prestige.

But going to a top MBA program also offers a plethora of career opportunities, and is much more flexible and compatible than a JD. Everyone knows that BigLaw is boring as hell, so why not just try for a top MBA and get into something like banking instead (somewhat better pay, somewhat more interesting)?


Because they want to be lawyers, perhaps?

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BruceWayne
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Re: Why law school over MBA?

Postby BruceWayne » Wed Jul 25, 2012 2:56 pm

westinghouse60 wrote:
Getting into a top MBA requires several years of really good WE, which in turn would have required going to a top UG and getting a finance/math/econ etc degree instead of a worthless liberal arts degree. So, for a lot of people (like myself) it's too late to try to go that route.


And this is so well known that it makes me think that people who ask this don't know anything about top MBA programs; either that or they don't understand that law school admissions only involve having a u-grad degree (from any school) and taking the LSAT.

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bazinga!
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Re: Why law school over MBA?

Postby bazinga! » Wed Jul 25, 2012 3:00 pm

crazi4law wrote:I may be generalizing here, but most people on this forum want to go to a top law school and work at a BigLaw firm, mainly because of the money and the prestige.

But going to a top MBA program also offers a plethora of career opportunities, and is much more flexible and compatible than a JD. Everyone knows that BigLaw is boring as hell, so why not just try for a top MBA and get into something like banking instead (somewhat better pay, somewhat more interesting)?


sounds like you should apply to get an MBA? i'm confused how the existence of careers that pay more should somehow discourage people from entering other professions. and an MBA is only more flexible, compatible, and interesting if you are skilled to and want to practice in a profession requiring an MBA, in which case see my first statement.

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dingbat
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Re: Why law school over MBA?

Postby dingbat » Wed Jul 25, 2012 3:23 pm

Why not denti$try?

ams212
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Re: Why law school over MBA?

Postby ams212 » Wed Jul 25, 2012 3:26 pm

crazi4law wrote:I may be generalizing here, but most people on this forum want to go to a top law school and work at a BigLaw firm, mainly because of the money and the prestige.

But going to a top Med school also offers a plethora of career opportunities, and is much more flexible and compatible than a JD. Everyone knows that BigLaw is boring as hell, so why not just try to be a doctor and get into something like medicine instead (better pay, saving lives is way more interesting)?


Makes sense to me. I never wanted to be a lawyer, my mom just told me I look good in suits. I tried on scrubs this afternoon though and they make me look sexy af. Mind made up 8)

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splitbrain
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Re: Why law school over MBA?

Postby splitbrain » Wed Jul 25, 2012 4:36 pm

sambeber wrote:
crazi4law wrote:I may be generalizing here, but most people on this forum want to go to a top law school and work at a BigLaw firm, mainly because of the money and the prestige.

But going to a top MBA program also offers a plethora of career opportunities, and is much more flexible and compatible than a JD. Everyone knows that BigLaw is boring as hell, so why not just try for a top MBA and get into something like banking instead (somewhat better pay, somewhat more interesting)?


Because they want to be lawyers, perhaps?

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chem
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Re: Why law school over MBA?

Postby chem » Wed Jul 25, 2012 4:41 pm

dingbat wrote:Why not denti$try?


Bigteeth is hard to get, its not all models and bottles. No one tells you about denture review

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dingbat
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Re: Why law school over MBA?

Postby dingbat » Wed Jul 25, 2012 4:46 pm

chem wrote:
dingbat wrote:Why not denti$try?


Bigteeth is hard to get, its not all models and bottles. No one tells you about denture review

180

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JDflowergirl
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Re: Why law school over MBA?

Postby JDflowergirl » Wed Jul 25, 2012 4:57 pm

Big law might be boring but I know some people in banking and it doesn't sound any more interesting. Also BigLaw and Banking are not interchangeable. And you forget people may find BigLaw boring but they actually like the law and transition to other law related careers.
Ive heard of JDs getting hired by BigLaw firms and banks but I haven't heard of people wih MBAs (only) frequently getting hired in both industries.

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dingbat
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Re: Why law school over MBA?

Postby dingbat » Wed Jul 25, 2012 5:09 pm

JDflowergirl wrote:Big law might be boring but I know some people in banking and it doesn't sound any more interesting. Also BigLaw and Banking are not interchangeable. And you forget people may find BigLaw boring but they actually like the law and transition to other law related careers.
Ive heard of JDs getting hired by BigLaw firms and banks but I haven't heard of people wih MBAs (only) frequently getting hired in both industries.

If you're good with numbers, go into banking
If you're good with words go into law
If you're too dumb to figure that out, go into retail

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El_Sol
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Re: Why law school over MBA?

Postby El_Sol » Wed Jul 25, 2012 5:13 pm

A lot of people get a JD from top-14, work in big law for several years, then MBA from Top Program, and appointed to leadership positions like CEO, or work in private equity/consulting/investment banking. Obviously, this takes a lot of time and money. So, it might not be worth it to most.

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dingbat
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Re: Why law school over MBA?

Postby dingbat » Wed Jul 25, 2012 5:24 pm

El_Sol wrote:A lot of people get a JD from top-14, work in big law for several years, then MBA from Top Program, and appointed to leadership positions like CEO, or work in private equity/consulting/investment banking. Obviously, this takes a lot of time and money. So, it might not be worth it to most.

Define "a lot"

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El_Sol
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Re: Why law school over MBA?

Postby El_Sol » Wed Jul 25, 2012 5:32 pm

Yeah, should not have used "a lot." Some.

Swimp
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Re: Why law school over MBA?

Postby Swimp » Wed Jul 25, 2012 5:32 pm

dingbat wrote:
El_Sol wrote:A lot of people get a JD from top-14, work in big law for several years, then MBA from Top Program, and appointed to leadership positions like CEO, or work in private equity/consulting/investment banking. Obviously, this takes a lot of time and money. So, it might not be worth it to most.

Define "a lot"


Yeah, I'd be willing to bet that less than 1% of JD grads follow this career path.

indo
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Re: Why law school over MBA?

Postby indo » Wed Jul 25, 2012 5:57 pm

dingbat wrote:
JDflowergirl wrote:Big law might be boring but I know some people in banking and it doesn't sound any more interesting. Also BigLaw and Banking are not interchangeable. And you forget people may find BigLaw boring but they actually like the law and transition to other law related careers.
Ive heard of JDs getting hired by BigLaw firms and banks but I haven't heard of people wih MBAs (only) frequently getting hired in both industries.

If you're good with numbers, go into banking
If you're good with words go into law
If you're too dumb to figure that out, go into retail


+1

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crazi4law
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Re: Why law school over MBA?

Postby crazi4law » Thu Jul 26, 2012 6:21 am

dingbat wrote:If you're good with numbers, go into banking
If you're good with words go into law
If you're too dumb to figure that out, go into retail


I used to think that too, but actually the numbers work that analysts do is quite simple, you don't need to be great at math to be able to get it done.

All things considered, an average day for an ibanker is definitely more lively than that of a biglaw lawyer.

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rayiner
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Re: Why law school over MBA?

Postby rayiner » Thu Jul 26, 2012 6:49 am

I'm curious as to what you think "banking" entails circa 2012.

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dingbat
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Re: Why law school over MBA?

Postby dingbat » Thu Jul 26, 2012 8:14 am

crazi4law wrote:All things considered, an average day for an ibanker is definitely more lively than that of a biglaw lawyer.

rayiner wrote:I'm curious as to what you think "banking" entails circa 2012.

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rayiner
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Re: Why law school over MBA?

Postby rayiner » Thu Jul 26, 2012 8:22 am

dingbat wrote:
crazi4law wrote:All things considered, an average day for an ibanker is definitely more lively than that of a biglaw lawyer.

rayiner wrote:I'm curious as to what you think "banking" entails circa 2012.


Lively in the sense of what? My brother is a trading analyst. He sits in front of a computer screen all day. The compensation is great, though, don't get me wrong, but the bankers I've met get worked about valuations and cash flow the same way law geeks get worked up about circuit splits.

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dingbat
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Re: Why law school over MBA?

Postby dingbat » Thu Jul 26, 2012 10:16 am

crazi4law wrote:
dingbat wrote:If you're good with numbers, go into banking
If you're good with words go into law
If you're too dumb to figure that out, go into retail


I used to think that too, but actually the numbers work that analysts do is quite simple, you don't need to be great at math to be able to get it done.

All things considered, an average day for an ibanker is definitely more lively than that of a biglaw lawyer.

I've been thinking about this and I have to say it really depends on the person (what you consider "lively"), the job and the department. If you're analyzing equities, you're staring at numbers all day long. If you're involved with repackaging debt, it's mostly doc review. Banking is a very broad term, broader than "lawyer" and there's a lot of variation in the field

JohnV
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Re: Why law school over MBA?

Postby JohnV » Thu Jul 26, 2012 12:38 pm

This only applies to people who get into law for all the wrong reasons.

Also, banking is 'somewhat more interesting'? I couldn't think of a faster route to suicide for me.

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dingbat
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Re: Why law school over MBA?

Postby dingbat » Thu Jul 26, 2012 12:44 pm

JohnV wrote:This only applies to people who get into law for all the wrong reasons.

Also, banking is 'somewhat more interesting'? I couldn't think of a faster route to suicide for me.

Having to deal with bankers on a daily basis

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tyler.durden
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Re: Why law school over MBA?

Postby tyler.durden » Thu Jul 26, 2012 1:20 pm

dingbat wrote:
chem wrote:
dingbat wrote:Why not denti$try?


Bigteeth is hard to get, its not all models and bottles. No one tells you about denture review

180


+1




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