Is Business School An Objectively Better Choice Than Law School?

A forum for applicants and admitted students to ask law students and graduates about law school and the practice of law.

Is Business School An Objectively Better Choice Than Law School?

Yes
2
5%
No
29
74%
Unsure
8
21%
 
Total votes: 39

xiao_long
Posts: 52
Joined: Thu Jul 31, 2008 10:38 pm

Is Business School An Objectively Better Choice Than Law School?

Postby xiao_long » Sat May 09, 2015 12:51 am

All things being equal, do you believe b-school is an objectively better choice than law school for the average person? Of course, if all you have is a BA in history and 2 years of bartending experience, then law school is probably the better choice assuming your LSAT is high enough to get you into some good schools with decent $$. But don't forget, there's lots of inherent risks with b-school as well. Usually you're giving up a well-paying job with a promising career trajectory to sign up for 2 years of school while incurring a substantial amount of debt. Not as crushing as law school debt, but just about (e.g. Wharton's COA is just under 100k). Keep in mind for this discussion I'm specifically referring to the T14 equivalent of MBA programs.

However, the biggest advantage with an MBA is that there exists more employment choices and there's actually a big middle ground in employment outcomes. Sure, you can do non-profit on one end and Goldman Sachs/McKinsey on the other. But there's tremendous opportunities in the middle, i.e. any random fortune 500 gig that pays 80k-100k with good benefits.

I get the feeling that a lot people on here would prefer to get an MBA, but cannot get past the work experience requirement and the overall hazy nature of b-school admissions. Having said that, if you were qualified to get into both law school and business school, which one would you do? For our purposes, please avoid discussing the JD/MBA possibility.

User avatar
DrSpaceman
Posts: 140
Joined: Sat Mar 29, 2014 2:55 pm

Re: Is Business School An Objectively Better Choice Than Law School?

Postby DrSpaceman » Sat May 09, 2015 1:02 am

What does "all things being equal" even mean in this context? Do you have no preference as to how you spend your time?

Freebot
Posts: 36
Joined: Mon Oct 13, 2014 7:12 pm

Re: Is Business School An Objectively Better Choice Than Law School?

Postby Freebot » Sat May 09, 2015 2:09 am

For some reason, lawyers really love to overestimate how well off other professions are. Typical outcome for a quantitative finance graduate is to burn out after 2 years of working 100 hour weeks earning 100K per year. This isn't 100 hour per week spikes like litigation. This is working 100 hour weeks all of the time. If you miraculously survive 5 years of this, then you might graduate into a semi-livable career.

User avatar
bearsfan23
Posts: 1529
Joined: Tue Apr 16, 2013 11:19 pm

Re: Is Business School An Objectively Better Choice Than Law School?

Postby bearsfan23 » Sat May 09, 2015 4:21 am

Have you considered dental school OP? That seems to be the best option

User avatar
pancakes3
Posts: 3928
Joined: Sun Jul 20, 2014 2:49 pm

Re: Is Business School An Objectively Better Choice Than Law School?

Postby pancakes3 » Sat May 09, 2015 7:20 am

Uh... 1 less year to pay for, 90%+ job placement for schools that extend past the top 14, more portability, 6 figure median starting salary, and 5 figure median bonuses, and if you've taken accounting/finance already in UG you get to coast and booze your face off for the 2 years, and you get to travel all over the world for almost no reason at all.

Those are some pretty strong reasons to argue against.

User avatar
Lwoods
Posts: 1484
Joined: Wed Oct 13, 2010 7:27 am

Re: Is Business School An Objectively Better Choice Than Law School?

Postby Lwoods » Sat May 09, 2015 7:32 am

Not sure there's often a value-add with an MBA. A career in business or finance can definitely be better than one in law, but an MBA isn't necessarily the way to get there.

Lawyerrr
Posts: 48
Joined: Mon Feb 23, 2015 3:58 pm

Re: Is Business School An Objectively Better Choice Than Law School?

Postby Lawyerrr » Sat May 09, 2015 8:12 am

Wharton costs like $160k FYI, not $100k.

User avatar
chuckbass
Posts: 9957
Joined: Sun Nov 27, 2011 9:29 pm

Re: Is Business School An Objectively Better Choice Than Law School?

Postby chuckbass » Sat May 09, 2015 8:24 am

pancakes3 wrote:Uh... 1 less year to pay for, 90%+ job placement for schools that extend past the top 14, more portability, 6 figure median starting salary, and 5 figure median bonuses, and if you've taken accounting/finance already in UG you get to coast and booze your face off for the 2 years, and you get to travel all over the world for almost no reason at all.

Those are some pretty strong reasons to argue against.

Lol at travel being a plus.

User avatar
Tiago Splitter
Posts: 15524
Joined: Tue Jun 28, 2011 1:20 am

Re: Is Business School An Objectively Better Choice Than Law School?

Postby Tiago Splitter » Sat May 09, 2015 9:30 am

pancakes3 wrote:90%+ job placement for schools that extend past the top 14,

Sounds great until you realize business schools count "jobs" the same way law schools did in 2006.

User avatar
PariSiamo
Posts: 406
Joined: Tue Jun 10, 2014 11:03 am

Re: Is Business School An Objectively Better Choice Than Law School?

Postby PariSiamo » Sat May 09, 2015 12:00 pm

bearsfan23 wrote:Have you considered dental school OP? That seems to be the best option


Rich DOCTOR husband is the best option

User avatar
RunnerRunner
Posts: 235
Joined: Thu Jul 17, 2014 12:16 pm

Re: Is Business School An Objectively Better Choice Than Law School?

Postby RunnerRunner » Sat May 09, 2015 12:54 pm

PariSiamo wrote:
bearsfan23 wrote:Have you considered dental school OP? That seems to be the best option


Rich DOCTOR husband is the best option

:lol:

dabigchina
Posts: 703
Joined: Mon Jan 13, 2014 2:22 am

Re: Is Business School An Objectively Better Choice Than Law School?

Postby dabigchina » Sat May 09, 2015 1:13 pm

You've done another of these threads already. Just go to business school already.

User avatar
proctor_right_in_the
Posts: 97
Joined: Fri Feb 27, 2015 10:28 pm

Post removed.

Postby proctor_right_in_the » Sat May 09, 2015 1:27 pm

Post removed.
Last edited by proctor_right_in_the on Mon Nov 16, 2015 3:30 pm, edited 1 time in total.

User avatar
RunnerRunner
Posts: 235
Joined: Thu Jul 17, 2014 12:16 pm

Re: Is Business School An Objectively Better Choice Than Law School?

Postby RunnerRunner » Sat May 09, 2015 2:01 pm

I don't think this can be answered in a vacuum. If you want to be a lawyer, you should go to law school, if you want to be a businessperson, go to business school. If you are someone who doesn't have a preference you shouldn't go to either: that's way too much money to spend if you don't have a specific passion or plan. And really, no matter what metric you use personal preference is going to play a role. That's why there can't be an "objectively" better choice: you would have to choose a metric to measure that choice, and that metric is not going to be the same for everyone. For instance, if you said earning potential is the metric you want to use and just picked whichever would make you the most money, that isn't going to be relevant to the entire population of applicants (some people care more about how they spend their workday than they do about how much money they make).

User avatar
NoBladesNoBows
Posts: 1118
Joined: Fri Aug 22, 2014 7:39 pm

Re: Is Business School An Objectively Better Choice Than Law School?

Postby NoBladesNoBows » Sat May 09, 2015 2:19 pm

Last edited by NoBladesNoBows on Wed May 27, 2015 9:04 pm, edited 1 time in total.

User avatar
jbagelboy
Posts: 9652
Joined: Thu Nov 29, 2012 7:57 pm

Re: Is Business School An Objectively Better Choice Than Law School?

Postby jbagelboy » Sat May 09, 2015 3:33 pm

if you don't want to be an attorney, then business school is a better choice. if you do want to be an attorney, then business school is basically useless.

/endthread

User avatar
NoBladesNoBows
Posts: 1118
Joined: Fri Aug 22, 2014 7:39 pm

Re: Is Business School An Objectively Better Choice Than Law School?

Postby NoBladesNoBows » Sat May 09, 2015 5:21 pm

Last edited by NoBladesNoBows on Wed May 27, 2015 9:04 pm, edited 1 time in total.

User avatar
haus
Posts: 2845
Joined: Wed Aug 18, 2010 11:07 am

Re: Is Business School An Objectively Better Choice Than Law School?

Postby haus » Sat May 09, 2015 5:24 pm

NoBladesNoBows wrote:
jbagelboy wrote:if you don't want to be an attorney, then business school is a better choice. if you do want to be an attorney, then business school is basically useless.

/endthread


+1

User avatar
pancakes3
Posts: 3928
Joined: Sun Jul 20, 2014 2:49 pm

Re: Is Business School An Objectively Better Choice Than Law School?

Postby pancakes3 » Sat May 09, 2015 5:28 pm

jbagelboy wrote:if you don't want to be an attorney, then business school is a better choice. if you do want to be an attorney, then business school is basically useless.

/endthread


::puts on pointless hypo gunner hat::

But what about JD/MBA?

BigZuck
Posts: 10884
Joined: Tue Sep 04, 2012 9:53 am

Re: Is Business School An Objectively Better Choice Than Law School?

Postby BigZuck » Sat May 09, 2015 5:35 pm

pancakes3 wrote:
jbagelboy wrote:if you don't want to be an attorney, then business school is a better choice. if you do want to be an attorney, then business school is basically useless.

/endthread


::puts on pointless hypo gunner hat::

But what about JD/MBA?

xiao_long wrote:For our purposes, please avoid discussing the JD/MBA possibility.

User avatar
pancakes3
Posts: 3928
Joined: Sun Jul 20, 2014 2:49 pm

Re: Is Business School An Objectively Better Choice Than Law School?

Postby pancakes3 » Sat May 09, 2015 5:37 pm

::points to pointless hypo gunner hat::

Yeah but still... what if?

User avatar
NoBladesNoBows
Posts: 1118
Joined: Fri Aug 22, 2014 7:39 pm

Re: Is Business School An Objectively Better Choice Than Law School?

Postby NoBladesNoBows » Sat May 09, 2015 5:47 pm

Last edited by NoBladesNoBows on Wed May 27, 2015 9:04 pm, edited 1 time in total.

DJ JD
Posts: 152
Joined: Sun Feb 08, 2015 9:58 pm

Re: Is Business School An Objectively Better Choice Than Law School?

Postby DJ JD » Sun May 10, 2015 10:19 pm

scottidsntknow wrote:
pancakes3 wrote:Uh... 1 less year to pay for, 90%+ job placement for schools that extend past the top 14, more portability, 6 figure median starting salary, and 5 figure median bonuses, and if you've taken accounting/finance already in UG you get to coast and booze your face off for the 2 years, and you get to travel all over the world for almost no reason at all.

Those are some pretty strong reasons to argue against.

Lol at travel being a plus.


I'm pretty sure he meant travel during B-school. A couple of people I know at several different schools took 3-week trips to do various businessy things (board presentations and pitches and negotiations), which really translated into them drinking and partying for 3 weeks.

In the event I'm wrong, and he's referring to traveling for work, I'll kindly STFU and ask you to disregard this post.

User avatar
ManoftheHour
Posts: 3402
Joined: Tue Jan 22, 2013 6:03 pm

Re: Is Business School An Objectively Better Choice Than Law School?

Postby ManoftheHour » Sun May 10, 2015 11:28 pm

haus wrote:
NoBladesNoBows wrote:
jbagelboy wrote:if you don't want to be an attorney, then business school is a better choice. if you do want to be an attorney, then business school is basically useless.

/endthread


+1

User avatar
pancakes3
Posts: 3928
Joined: Sun Jul 20, 2014 2:49 pm

Re: Is Business School An Objectively Better Choice Than Law School?

Postby pancakes3 » Mon May 11, 2015 5:13 am

DJ JD wrote:
scottidsntknow wrote:
pancakes3 wrote:Uh... 1 less year to pay for, 90%+ job placement for schools that extend past the top 14, more portability, 6 figure median starting salary, and 5 figure median bonuses, and if you've taken accounting/finance already in UG you get to coast and booze your face off for the 2 years, and you get to travel all over the world for almost no reason at all.

Those are some pretty strong reasons to argue against.

Lol at travel being a plus.


I'm pretty sure he meant travel during B-school. A couple of people I know at several different schools took 3-week trips to do various businessy things (board presentations and pitches and negotiations), which really translated into them drinking and partying for 3 weeks.

In the event I'm wrong, and he's referring to traveling for work, I'll kindly STFU and ask you to disregard this post.


Definitely talking about traveling while in school.




Return to “Ask a Law Student / Graduate”

Who is online

Users browsing this forum: No registered users and 7 guests