benefit of banking experience on employment prospect??

(On Campus Interviews, Summer Associate positions, Firm Reviews, Tips, ...)
Forum rules
Anonymous Posting

Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.

Failure to follow these rules will get you outed, warned, or banned.
Anonymous User
Posts: 273360
Joined: Tue Aug 11, 2009 9:32 am

benefit of banking experience on employment prospect??

Postby Anonymous User » Mon Jun 13, 2011 12:25 am

Background:
I've been accepted to one of HYS, and after much deliberation, decided to defer enrollment for 2 years. During that time, I am planning to work as an analyst at an investment bank doing m&a work. Originally, I considered law school only as a back-up option as the banking industry is extremely volatile, but now I'm seeing it more and more as a serious option. I see the benefit of switching from banker to lawyer as slightly better hours and job security and perhaps the opportunity to work for the government or UN down the road. I'm also interested in teaching, but from what I've heard, securing a teaching position seems to be quite competitive.

Question:
From what I've read on this site, it seems like most students start off their career at what people call "big law" and progress from there. It also seems that securing a job like this is becoming increasingly more competitive. If I decide to go to law school, I am throwing away a pretty lucrative career for the chance to compete with other qualified students for these jobs. So, my question is how big of a boost would my work experience be in getting employed at these firms? Would it act as a tie-breaker or help me overcome noticeable grade differences?

Renzo
Posts: 4265
Joined: Tue Dec 02, 2008 3:23 am

Re: benefit of banking experience on employment prospect??

Postby Renzo » Mon Jun 13, 2011 12:33 am

So, you could certainly go work as an analyst, then go to law school, stress yourself to death worrying about grades, hoping someone would hire you to do finance work or M&A.

OR

You could go work as an analyst, then go to business school, party like your grades don't exist, and work on the same transactions, but for 10x the money.

FYI, law school is for people who can't be bankers.

User avatar
thesealocust
Posts: 8446
Joined: Mon Oct 20, 2008 8:50 pm

Re: benefit of banking experience on employment prospect??

Postby thesealocust » Mon Jun 13, 2011 1:05 am

Duh - everyone who goes into banking parties and earns 10x what a lawyer will, without risk or sacrifice. Also 100% of lawyers wish they were bankers.

Renzo
Posts: 4265
Joined: Tue Dec 02, 2008 3:23 am

Re: benefit of banking experience on employment prospect??

Postby Renzo » Mon Jun 13, 2011 1:31 am

thesealocust wrote:Duh - everyone who goes into banking parties and earns 10x what a lawyer will, without risk or sacrifice. Also 100% of lawyers wish they were bankers.


Let's not be silly. There are litigators, and tax attorneys, and people who wish they were bankers.

User avatar
dr123
Posts: 3503
Joined: Tue Jan 04, 2011 2:38 am

Re: benefit of banking experience on employment prospect??

Postby dr123 » Mon Jun 13, 2011 2:09 am

Renzo wrote:
thesealocust wrote:Duh - everyone who goes into banking parties and earns 10x what a lawyer will, without risk or sacrifice. Also 100% of lawyers wish they were bankers.


Let's not be silly. There are litigators, and tax attorneys, and people who wish they were bankers.


I highly doubt Lawyers doing Public Interest work wished they were bankers.

Renzo
Posts: 4265
Joined: Tue Dec 02, 2008 3:23 am

Re: benefit of banking experience on employment prospect??

Postby Renzo » Mon Jun 13, 2011 9:26 pm

dr123 wrote:
Renzo wrote:
thesealocust wrote:Duh - everyone who goes into banking parties and earns 10x what a lawyer will, without risk or sacrifice. Also 100% of lawyers wish they were bankers.


Let's not be silly. There are litigators, and tax attorneys, and people who wish they were bankers.


I highly doubt Lawyers doing Public Interest work wished they were bankers.


I was lumping them in with litigators, but I guess that's a bit overbroad.

User avatar
Blindmelon
Posts: 1708
Joined: Thu Mar 26, 2009 11:13 am

Re: benefit of banking experience on employment prospect??

Postby Blindmelon » Mon Jun 13, 2011 9:36 pm

Renzo wrote:
thesealocust wrote:Duh - everyone who goes into banking parties and earns 10x what a lawyer will, without risk or sacrifice. Also 100% of lawyers wish they were bankers.


Let's not be silly. There are litigators, and tax attorneys, and people who wish they were bankers.


Meh. IBanking = Powerpoint + Excel + Redbull - Mouse. Its pretty mind numbing.

Renzo
Posts: 4265
Joined: Tue Dec 02, 2008 3:23 am

Re: benefit of banking experience on employment prospect??

Postby Renzo » Mon Jun 13, 2011 10:09 pm

Blindmelon wrote:
Renzo wrote:
thesealocust wrote:Duh - everyone who goes into banking parties and earns 10x what a lawyer will, without risk or sacrifice. Also 100% of lawyers wish they were bankers.


Let's not be silly. There are litigators, and tax attorneys, and people who wish they were bankers.


Meh. IBanking = Powerpoint + Excel + Redbull - Mouse. Its pretty mind numbing.


And somehow that's worse than Ctrl+F all day long for 1/3 of the money?

User avatar
Blindmelon
Posts: 1708
Joined: Thu Mar 26, 2009 11:13 am

Re: benefit of banking experience on employment prospect??

Postby Blindmelon » Mon Jun 13, 2011 10:11 pm

Renzo wrote:
Blindmelon wrote:
Renzo wrote:
thesealocust wrote:Duh - everyone who goes into banking parties and earns 10x what a lawyer will, without risk or sacrifice. Also 100% of lawyers wish they were bankers.


Let's not be silly. There are litigators, and tax attorneys, and people who wish they were bankers.


Meh. IBanking = Powerpoint + Excel + Redbull - Mouse. Its pretty mind numbing.


And somehow that's worse than Ctrl+F all day long for 1/3 of the money?


1/3 of the money but you get some serious PRESTIGE POINTS!! .... sigh.




Return to “Legal Employment”

Who is online

The online users are hidden on this forum.