Is there a Hiring Advantage for Joint MBA/JDs for Law Side?

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jtabustos
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Is there a Hiring Advantage for Joint MBA/JDs for Law Side?

Postby jtabustos » Sat Apr 27, 2013 4:55 am

For people pursuing a joint MBA/JD or just maybe has one already and adding the other, is there a hiring advantage into law gigs? If so, how would it work?

For example, would the hiring plus be significant enough to pull a bottom of the class T14 law student into biglaw (b/c he or she had that MBA as well)? ...Would a non-prestigious/non-highly ranked dual degree have any pull (just by virtue of having both degrees)...like say a T40-ish law school/MBA (who might otherwise not be looked at for biglaw with just a JD)? etc..

Appreciate the insights in advance!

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IAFG
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Re: Is there a Hiring Advantage for Joint MBA/JDs for Law Side?

Postby IAFG » Sat Apr 27, 2013 8:17 am

At NU, JDMBAs seem to outperform their GPAs. By how much, is the subject of great debate.

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Borg
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Re: Is there a Hiring Advantage for Joint MBA/JDs for Law Side?

Postby Borg » Sat Apr 27, 2013 10:01 am

My grades are decent, but I definitely outperformed them when I recruited for law jobs. Legal employers like hiring people with business backgrounds because they require a lot less handholding and training about deal basics. The other JD/MBAs I know had similar results. The one problem is that there is some covariance with work experience. The MBAs have been out of school for a while and have business backgrounds, and that makes it difficult to tell what can be attributed to the MBA credential and what's the result of their pre-existing background. It seems that the MBA can be a good signaling device though, so maybe employers perk up their ears when they see it and start to pay more attention to background.

I would not recommend doing a JD/MBA outside of the top programs. It's extremely expensive, and you need to have lucrative exit opportunities to make it worth it. I doubt that a mediocre MBA would move the needle for biglaw employers that aren't otherwise recruiting on your campus. You would need very strong grades from a school like that to get a biglaw job regardless of any additional degrees.

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KD35
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Re: Is there a Hiring Advantage for Joint MBA/JDs for Law Side?

Postby KD35 » Sun Apr 28, 2013 10:50 am

At the same time...doing a MBA/JD is a whole extra year that you aren't making money...add more loans, interest, and lost potential income.
I would have a hard time believing that extra year is worth all of that, even if you have decent job prospects.

qwertyboard
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Re: Is there a Hiring Advantage for Joint MBA/JDs for Law Side?

Postby qwertyboard » Sun Apr 28, 2013 11:38 am

Borg wrote:My grades are decent, but I definitely outperformed them when I recruited for law jobs. Legal employers like hiring people with business backgrounds because they require a lot less handholding and training about deal basics. The other JD/MBAs I know had similar results. The one problem is that there is some covariance with work experience. The MBAs have been out of school for a while and have business backgrounds, and that makes it difficult to tell what can be attributed to the MBA credential and what's the result of their pre-existing background. It seems that the MBA can be a good signaling device though, so maybe employers perk up their ears when they see it and start to pay more attention to background.

I would not recommend doing a JD/MBA outside of the top programs. It's extremely expensive, and you need to have lucrative exit opportunities to make it worth it. I doubt that a mediocre MBA would move the needle for biglaw employers that aren't otherwise recruiting on your campus. You would need very strong grades from a school like that to get a biglaw job regardless of any additional degrees.


I hope so!!

I have a business background and almost half an MBA in my field. I wouldn't consider worth it enrolling in an MBA program unless you want to end up in some operations/finance/accounting/HR high level executive position (unlikely to happen) instead of being an in-house counsel after big law. It's worth it only when it aligns with you career goals. I know people with JDs that are COO but they also have a very strong business background.

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Borg
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Re: Is there a Hiring Advantage for Joint MBA/JDs for Law Side?

Postby Borg » Tue Apr 30, 2013 12:03 pm

KD35 wrote:At the same time...doing a MBA/JD is a whole extra year that you aren't making money...add more loans, interest, and lost potential income.
I would have a hard time believing that extra year is worth all of that, even if you have decent job prospects.


That seems extremely short sighted to me. How long do you think the average associate lasts in big law? Most people are out within 2-4 years, and the money they made as an entry level associate is the most they will make going forward. An MBA from a top school allows one to switch into a business role much more easily, and hopefully continue moving upwards both with respect to income and responsibility, rather than drifting sideways into the netherworld of in-house counsel. Absolutely worth it.




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