Which business major is best for Corporate Law?

(Please Ask Questions and Answer Questions)
TMT90
Posts: 47
Joined: Fri May 28, 2010 4:11 pm

Which business major is best for Corporate Law?

Postby TMT90 » Thu Jul 01, 2010 10:26 am

I am undecided business major at McComb's School of Business at UT Austin and as a junior, I need to choose a major quick. I want to pursue corporate law and while I originally thought management would be ideal, now I am considering finance and the many tracks I can choose from, such as general finance, corporate/investment, financial markets, investment management, etc. So, which major provides the best background for a career in corporate law?

User avatar
ogman05
Posts: 266
Joined: Sun Apr 19, 2009 5:02 pm

Re: Which business major is best for Corporate Law?

Postby ogman05 » Thu Jul 01, 2010 10:35 am

My best guess would be business so you can talk the company language but you are aware that like 1% of freshly minted graduates are placed in corp law right?

HBK
Posts: 493
Joined: Mon Apr 13, 2009 12:29 pm

Re: Which business major is best for Corporate Law?

Postby HBK » Thu Jul 01, 2010 10:38 am

Whatever you do, stay away from management and marketing. Those are the Communications majors of the business school. Employers (and probably law firms) know this.

/McCombs grad- Finance

TMT90
Posts: 47
Joined: Fri May 28, 2010 4:11 pm

Re: Which business major is best for Corporate Law?

Postby TMT90 » Thu Jul 01, 2010 10:51 am

ogman05 wrote:My best guess would be business so you can talk the company language but you are aware that like 1% of freshly minted graduates are placed in corp law right?


Yes business, that is the college I am in. I am just trying to find out which major within business is best.

HBK wrote:Whatever you do, stay away from management and marketing. Those are the Communications majors of the business school. Employers (and probably law firms) know this.

/McCombs grad- Finance


Good point, I never thought of it like that. You're right though - when I was looking at management classes a lot of them did not seem like business classes. Which finance track did you pursue?

HBK
Posts: 493
Joined: Mon Apr 13, 2009 12:29 pm

Re: Which business major is best for Corporate Law?

Postby HBK » Thu Jul 01, 2010 11:02 am

TMT90 wrote:
Good point, I never thought of it like that. You're right though - when I was looking at management classes a lot of them did not seem like business classes. Which finance track did you pursue?


Finance. I graduated right when the tracks popped up, and we could take them or not. I felt like taking a track in, real estate or risk management would pigeonhole me to an industry, so I just stayed on my original track.

Plus I already had a very good job lined up in marketing and project management.

User avatar
fixer
Posts: 64
Joined: Fri Jan 08, 2010 12:20 pm

Re: Which business major is best for Corporate Law?

Postby fixer » Thu Jul 01, 2010 3:38 pm

FINANCE.
Last edited by fixer on Mon Jul 18, 2011 11:02 pm, edited 2 times in total.

User avatar
nealric
Posts: 2391
Joined: Fri Sep 25, 2009 9:53 am

Re: Which business major is best for Corporate Law?

Postby nealric » Thu Jul 01, 2010 4:09 pm

It really doesn't matter. The only thing that matters is that you go to a law school that is ranked highly enough and get good enough grades.

Go with the major you will enjoy the most and will get you the best grades.

leron
Posts: 140
Joined: Wed Jan 14, 2009 7:22 pm

Re: Which business major is best for Corporate Law?

Postby leron » Thu Jul 01, 2010 4:12 pm

ogman05 wrote:you are aware that like 1% of freshly minted graduates are placed in corp law right?


is this true? can anyone confirm?

and are you saying that there are very few positions in corp law?

User avatar
nealric
Posts: 2391
Joined: Fri Sep 25, 2009 9:53 am

Re: Which business major is best for Corporate Law?

Postby nealric » Thu Jul 01, 2010 6:43 pm

is this true? can anyone confirm?

and are you saying that there are very few positions in corp law?


It's a bit of an exaggeration, but it's true that positions in "corporate law", as most 0L's probably define it, are not easy to come by. Even in the best economy, fewer than 10% of law graduates got these types of jobs. Now, it's more like 5%. You need to either go to an elite school or be at the top of your class at a non-elite school.

TMT90
Posts: 47
Joined: Fri May 28, 2010 4:11 pm

Re: Which business major is best for Corporate Law?

Postby TMT90 » Thu Jul 01, 2010 6:56 pm

Thanks for your help guys. If I ultimately decide to go the finance route, would a general finance track serve me better than one that is specialized (such as energy finance, corporate finance, investment management, etc). HBK I know you mentioned the not wanting to be pigeonholed to a certain industry with a specialized track, and that is also a concern of mine.

User avatar
gwuorbust
Posts: 2087
Joined: Tue Sep 22, 2009 11:37 pm

Re: Which business major is best for Corporate Law?

Postby gwuorbust » Fri Jul 02, 2010 7:29 pm

TMT90 wrote:Thanks for your help guys. If I ultimately decide to go the finance route, would a general finance track serve me better than one that is specialized (such as energy finance, corporate finance, investment management, etc). HBK I know you mentioned the not wanting to be pigeonholed to a certain industry with a specialized track, and that is also a concern of mine.


there are three things to consider here:

a) the difference btwn finance, mkting, energy finance vs corporate finance are going to make ZERO difference in you law school cycle. it all comes down to LSAT/GPA + URM status
b) the law is all about specialists. someone working on junk bond finance contracts is probably not going to also do energy finance at the same time (obviously they could transition careers if at some point they so desired). they are going to stick with what they already know. so if you think you may be interested in energy finance then great, go for it.
c) consider, however, that what you do in undergrad has almost no bearing on what you choose to do after law school*. while I do not know anything about maritime law I may choose that b/c Tulane is #1 at that and I think it might be interesting. if you could only do what you did in undergrad there would be a lot of political science and american history majors that would not choose to attend to law school cause they still wouldn't have jobs**


*obvious exceptions apply. for IP law it is usually very beneficial to have a science or engineering background. if you studied Beethoven's symphonists in undergrad it is doubtful that you will be able to understand patent applications for gene complex sequencing.

** this stands true at least for the t1, but TTT grads with no expertise and nothing but a law degree from a shitty law school are going to remain unemployed.

User avatar
mallard
Posts: 1092
Joined: Thu Aug 07, 2008 5:45 am

Re: Which business major is best for Corporate Law?

Postby mallard » Fri Jul 02, 2010 7:31 pm

It doesn't matter at all.

User avatar
rdcws000
Posts: 308
Joined: Wed Mar 10, 2010 7:41 pm

Re: Which business major is best for Corporate Law?

Postby rdcws000 » Sat Jul 03, 2010 1:09 pm

Echoing the past posters a bit here but I've worked for a large corporation for about 12 years (not in legal) and I think I have seen a large sample of college grads with various majors.

Accounting and Finance are the only two worthwhile business majors. Everything else you learn at work, not at school.

TMT90
Posts: 47
Joined: Fri May 28, 2010 4:11 pm

Re: Which business major is best for Corporate Law?

Postby TMT90 » Sat Jul 03, 2010 4:48 pm

rdcws000 wrote:Echoing the past posters a bit here but I've worked for a large corporation for about 12 years (not in legal) and I think I have seen a large sample of college grads with various majors.

Accounting and Finance are the only two worthwhile business majors. Everything else you learn at work, not at school.


Thanks, i've definitely decided to narrow it down between finance and accounting but I think I have a greater interest in finance. Would you say a degree in general finance is more useful or should I go the specialized path, such as corporate finance or investment management and the others I listed above? I'd like my degree to be a good fall back in case law school plans don't work out.

User avatar
JCooper36
Posts: 15
Joined: Mon Jul 05, 2010 7:53 pm

Re: Which business major is best for Corporate Law?

Postby JCooper36 » Tue Jul 06, 2010 5:35 am

rdcws000 wrote:Accounting and Finance are the only two worthwhile business majors. Everything else you learn at work, not at school.


What's wrong with a management degree? I learn lots of good stuff I never learned when I worked at E-LOAN. I have all but three books for the finance option, and I can learn that on my free time. Do people generally discriminate against management majors?

User avatar
JCooper36
Posts: 15
Joined: Mon Jul 05, 2010 7:53 pm

Re: Which business major is best for Corporate Law?

Postby JCooper36 » Tue Jul 06, 2010 5:40 am

HBK wrote:Whatever you do, stay away from management and marketing. Those are the Communications majors of the business school. Employers (and probably law firms) know this.


This is news to me. Could you elaborate? Is this advice specific to corporate law?

HBK
Posts: 493
Joined: Mon Apr 13, 2009 12:29 pm

Re: Which business major is best for Corporate Law?

Postby HBK » Tue Jul 06, 2010 12:05 pm

JCooper36 wrote:
HBK wrote:Whatever you do, stay away from management and marketing. Those are the Communications majors of the business school. Employers (and probably law firms) know this.


This is news to me. Could you elaborate? Is this advice specific to corporate law?


No, it is what an AVP at Citi told me when I was a sophomore in business school. At the time I was a marketing major, and the VP that told me that was a Marketing major. My marketing classes were very easy. For intro to marketing, I went to class eight times in the semester and got an A. Finance was much harder. In retrospect, maybe I should have stuck with marketing for GPA purposes for applying to law school. But when I was coming out of college, I had never planned to go to law school.

Also, it was true amongst my class mates and in my professional dealings. I've enjoyed a successful corporate career since 2005. I don't know if law firms care as much, but if given the choice between two equal candidates, one with a marketing degree, and one with a degree in finance, we would hire the finance guy... even for a marketing job. They are just more analytical and have a better understanding of how a company makes money.

Edit for clarity: I am a 0L, and only know how the majors are viewed in corporate circles.

User avatar
gwuorbust
Posts: 2087
Joined: Tue Sep 22, 2009 11:37 pm

Re: Which business major is best for Corporate Law?

Postby gwuorbust » Tue Jul 06, 2010 12:22 pm

HBK wrote:
JCooper36 wrote:
HBK wrote:Whatever you do, stay away from management and marketing. Those are the Communications majors of the business school. Employers (and probably law firms) know this.


This is news to me. Could you elaborate? Is this advice specific to corporate law?


No, it is what an AVP at Citi told me when I was a sophomore in business school. At the time I was a marketing major, and the VP that told me that was a Marketing major. My marketing classes were very easy. For intro to marketing, I went to class eight times in the semester and got an A. Finance was much harder. In retrospect, maybe I should have stuck with marketing for GPA purposes for applying to law school. But when I was coming out of college, I had never planned to go to law school.

Also, it was true amongst my class mates and in my professional dealings. I've enjoyed a successful corporate career since 2005. I don't know if law firms care as much, but if given the choice between two equal candidates, one with a marketing degree, and one with a degree in finance, we would hire the finance guy... even for a marketing job. They are just more analytical and have a better understanding of how a company makes money.

Edit for clarity: I am a 0L, and only know how the majors are viewed in corporate circles.


as a biz major I look at a marketing major as above a Comm major but below international business(ibus), finance is above ibus and ibus/finance beats all.

HBK
Posts: 493
Joined: Mon Apr 13, 2009 12:29 pm

Re: Which business major is best for Corporate Law?

Postby HBK » Tue Jul 06, 2010 12:28 pm

gwuorbust wrote:
as a biz major I look at a marketing major as above a Comm major but below international business(ibus), finance is above ibus and ibus/finance beats all.


I don't remember IB being anything spectacular when I was in school. Accounting and Finance were the top two, with IB and MIS behind, then Management and Marketing.

Graduation was a kick in the butt, when the Marketing majors graduated and we all realized that all of the hottest girls were Marketing majors.

User avatar
JCooper36
Posts: 15
Joined: Mon Jul 05, 2010 7:53 pm

Re: Which business major is best for Corporate Law?

Postby JCooper36 » Tue Jul 06, 2010 12:44 pm

HBK wrote:
JCooper36 wrote:
HBK wrote:They are just more analytical and have a better understanding of how a company makes money.


Well that's not very nice. Economics, Finance and Accounting can help make good decisions, but it's not efficient for everything. Oh well, I want to work for myself anyway.

BTW - My school technically offers business administration degrees with options. Is that the way most schools work, or do others offer an actual degree in marketing or whatever. The lower and upper division cores are the same for all of our options with just eight or ten different classes for the options.

User avatar
gwuorbust
Posts: 2087
Joined: Tue Sep 22, 2009 11:37 pm

Re: Which business major is best for Corporate Law?

Postby gwuorbust » Tue Jul 06, 2010 1:09 pm

HBK wrote:
gwuorbust wrote:
as a biz major I look at a marketing major as above a Comm major but below international business(ibus), finance is above ibus and ibus/finance beats all.


I don't remember IB being anything spectacular when I was in school. Accounting and Finance were the top two, with IB and MIS behind, then Management and Marketing.

Graduation was a kick in the butt, when the Marketing majors graduated and we all realized that all of the hottest girls were Marketing majors.


see at my school Accounting majors were a separate part of the biz school so nobody interacted with them. ibus isn't that special, but IMO it is better then marketing and when combined with finance make a great combo.

though I found that if you really want to find the hot girls go to COMM classes. 3:1 ratio, easy.

User avatar
Thirteen
Posts: 23879
Joined: Mon Dec 07, 2009 4:53 pm

Re: Which business major is best for Corporate Law?

Postby Thirteen » Tue Jul 06, 2010 1:12 pm

HBK wrote:Whatever you do, stay away from management and marketing. Those are the Communications majors of the business school. Employers (and probably law firms) know this.

/McCombs grad- Finance


Nice, a fellow McCombs Finance alum. Class of 05 here.

OP, choose the major in which you'll be able to earn the highest GPA.

meowmeow
Posts: 165
Joined: Thu Nov 19, 2009 5:45 pm

Re: Which business major is best for Corporate Law?

Postby meowmeow » Tue Jul 06, 2010 1:24 pm

I am currently working in NYC at a large corporate law firm. The people with finance or investment banking backgrounds have the easiest time transitioning. possibly even accounting.

User avatar
MTal
Posts: 854
Joined: Tue Dec 11, 2007 6:47 pm

Re: Which business major is best for Corporate Law?

Postby MTal » Tue Jul 06, 2010 1:27 pm

TMT90 wrote:I am undecided business major at McComb's School of Business at UT Austin and as a junior, I need to choose a major quick. I want to pursue corporate law and while I originally thought management would be ideal, now I am considering finance and the many tracks I can choose from, such as general finance, corporate/investment, financial markets, investment management, etc. So, which major provides the best background for a career in corporate law?


Finance, Accounting or Econ. Everything else is pretty much fluff. Really accounting is pretty much the only serious business major.

thisguy456
Posts: 146
Joined: Thu Mar 12, 2009 10:42 am

Re: Which business major is best for Corporate Law?

Postby thisguy456 » Tue Jul 06, 2010 1:36 pm

HBK wrote:
JCooper36 wrote:
HBK wrote:Whatever you do, stay away from management and marketing. Those are the Communications majors of the business school. Employers (and probably law firms) know this.


This is news to me. Could you elaborate? Is this advice specific to corporate law?


No, it is what an AVP at Citi told me when I was a sophomore in business school. At the time I was a marketing major, and the VP that told me that was a Marketing major. My marketing classes were very easy. For intro to marketing, I went to class eight times in the semester and got an A. Finance was much harder. In retrospect, maybe I should have stuck with marketing for GPA purposes for applying to law school. But when I was coming out of college, I had never planned to go to law school.

Also, it was true amongst my class mates and in my professional dealings. I've enjoyed a successful corporate career since 2005. I don't know if law firms care as much, but if given the choice between two equal candidates, one with a marketing degree, and one with a degree in finance, we would hire the finance guy... even for a marketing job. They are just more analytical and have a better understanding of how a company makes money.

Edit for clarity: I am a 0L, and only know how the majors are viewed in corporate circles.


My opinion is that it is severely dependent on the program and the industry. There are marketing programs in schools that rely heavily on a foundation of research and statistical analysis. I'm sure VPs at Citi and those type of industries agree that finance and accounting programs are more in line with the majority of their business. It might be a bit different at consumer packaged goods companies.




Return to “Law School FAQ”

Who is online

Users browsing this forum: No registered users and 3 guests