Dual MBA/JD

A forum for applicants and admitted students to ask law students and graduates about law school and the practice of law.
spiegel.j
Posts: 9
Joined: Mon Dec 23, 2013 3:07 am

Dual MBA/JD

Postby spiegel.j » Mon Dec 30, 2013 1:05 am

Basically when is a dual JD/MBA worth it? Only at T10 or T20 B Schools? When the program is 3 years instead of 4? Only when the student is interested in corporate law or the legal side of business? Do people with these degrees make significantly more than people with just a JD or just an MBA? What should a prospective law student do to be a more competitive applicant for the MBA side of things?

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Nova
Posts: 9116
Joined: Sun Apr 15, 2012 8:55 pm

Re: Dual MBA/JD

Postby Nova » Mon Dec 30, 2013 1:12 am

TSL wrote:There will be 0 advantage to having an MBA in the law firm environment. It's plausible it could have slight benefits down the road. Very, very few firms are going to see the JD/MBA as a material boost vs. just looking at your JD school + performance when making hiring decisions.


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spiegel.j
Posts: 9
Joined: Mon Dec 23, 2013 3:07 am

Re: Dual MBA/JD

Postby spiegel.j » Mon Dec 30, 2013 1:22 am

Thanks... Didn't realize there was already so much on the topic. My bad.

lsat_hopeful
Posts: 95
Joined: Tue Oct 08, 2013 7:08 pm

Re: Dual MBA/JD

Postby lsat_hopeful » Tue Dec 31, 2013 7:29 pm

tag

tomwatts
Posts: 1551
Joined: Wed Sep 16, 2009 12:01 am

Re: Dual MBA/JD

Postby tomwatts » Wed Jan 01, 2014 12:36 am

There's also this.

Long story short, it's not going to be a particularly useful credential in law (as in, a hiring partner says, "Ooohhh, shiny!" and then wants to hire you — this will not happen). However, the education and experience can be good, depending on your prior experience/knowledge, the program you attend, and your goals. It's not required for any particular path within law, but it may be helpful stuff to know and give you some useful connections, especially for corporate transactional work.

But if you view school as paying for a diploma in order to get a job (which seems to be the majority view on TLS), then it's probably not worth it.

AllTheLawz
Posts: 369
Joined: Mon Jun 25, 2012 11:20 pm

Re: Dual MBA/JD

Postby AllTheLawz » Wed Jan 01, 2014 11:33 am

With few exceptions, neither the JD nor the MBA even pretend to teach you a practical, useful skillset (i.e. if you ask a prof, they will say their job is to teach you "how to think"). One exception may be quant-based finance/valuation classes at B-schools but most of the MBA students who take those classes worked in a quant function in PE/Hedge Funds/IBD before b-school and you aren't getting a job in those fields without pre-MBA experience. The big payoff for a JD/MBA would be much later on when you are successful in your career and are being considered for board positions. Everybody wants someone with both business and legal acumen on their board. Difficulty there is that you would need to practice law for some time before making the switch to the business side and god knows how hard that can be.

Otherwise, both consulting and IBD/Wealth Management hire direct from law schools or MBA programs. Small company recruiting is likely to be more focused on MBA programs but whether you get the job will depend on a ton of person-specific variables.

Also, ignore all the stuff about understanding legal transactions or business thinking better as a lawyer if you get an MBA. Sure it might help a small bit but there is an entire shelf of books at your local bookstore that do this equally effectively but at a price of $100 and a few hours of your time rather than $50k and a year of lost earnings. You aren't coming up with a novel deal structure or walking in the door with incredible insight because you took "Corporate strategy for senior managers" one semester.




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