vamedic03 wrote:Voyager wrote:HarlandBassett wrote:HITeacher2 wrote:Would you like to be a partner at a law firm? Would you like to do tax law? Would you like to go into politics? Certain JD/MBAs can help.
On the whole, JD/MBA are just another way for schools to collect more tuition money.
For tax law, it is far better to have a NYU JD/LLM in tax than a top14 JD/MBA.
JD/MBA is fine if you want as many options as possible or if you just really enjoy having extra degrees, but it is better to either pick law or business and then go with that choice.
Again, though, anyone who thinks you will, on average, make more money with a "t-14" JD in this economy than a T-7 business degree is delusional.
FWIW the study I found above looked at people who graduated in 1990 - right around a major legal downturn.
Most common exit options from Harvard Business School? IBanking and Big3 Consulting. Substantially more money with much much better exit options.
Again, you guys are delusionsal.
On top of that, no jobs for law school kids right now. Your 1990 downturn was a joke in comparison. MBA programs are already having a much easier time placing kids. AND more and more lawyers are being produced every year. This glut of attornies is not going to end any time soon.
AND, most people are forced out of biglaw quickly. Meanwhile, your big3 consultants leave consulting after 2-3 years and actually see an INCREASE in income of 1.2 to 1.5 times their consulting salaries. GS dudes are pulling in several hundred thousand a year right out of school.