LBJ's Hair wrote:I don't think there's anything necessarily wrong with doing a PhD in, say, Econ or Statistics after, or even concurrently, with law school. Can see some regulatory work where that's useful, although you're a little over-educated. OP was talking about finance, so maybe that's what s/he's referring to.
Sure. But is it ever wise to choose the JD>PhD progression ex ante? I don't see how that's ever going to be preferable to doing the PhD first or enrolling in a dual-degree program.
- Insofar as there are roles where JD+PhD is preferable to "just" a PhD, the JD doesn't really open any additional doors if you did it six years ago and haven't practiced law in the interim. SEC isn't going to be interested in that.
- Basically impossible to deal with law-school debt as a grad student unless you are independently wealthy, got a Darrow-type full ride, or did the JD at Yale specifically. (Pretty sure their LRAP is unique in covering grad school but maybe some of the other T6 do too.)
- I hate to bring up another angle of bad news, but another important consideration for OP is that, if they're not an American citizen, some of the scarce roles where being a double-doctor make sense are going to be cut off. Article III clerkships (and, therefore, the opportunities they create) are mostly off-limits, anything requiring a security clearance is going to be a pain, etc.
AshMeow wrote:This is how the Berk graduate program factor comes into play. I did not have a strong academic record in UG (3.6x GPA), as I basically did not study and only did internships. I jumped into work immediately, which looking backward feels too hasty. I also moved to the US last year. Law school for me is really like opening doors. While I could not assume I would be better than a B student in law school, I was wondering if studying at Boalt could help my chances if I take some relevant courses during 2L/3L and apply. Again, it's probably my terrible guess, but I would love to hear your opinions.
I doubt that doing well at the law school is going to help you at any other graduate program. Being on campus and being able to network with faculty can help but that's a totally unknown quantity and not worthwhile on average, like moving to L.A. to become an actor. The M.A. is a faster, cheaper, and more reliable way of doing all of these things, and it's still risky to start a master's program assuming you'll later get to "level up" to a funded doctoral track.
Also, don't count yourself too short - if you got Superior from LSAC then your grades are probably perfectly fine for PhD programs. The tough part about getting into a good PhD program is
everything else—the curriculum vitae, the recommendations, and sheer luck. Law school isn't going to help with any of that, except maybe a recommendation (J.D. classes are big enough that you'd have to really impress somebody).
This is getting to be a long post. OP, to be clear: your goals are perfectly reasonable and attainable. But there is a substantial chance that you miss out on them, in which case you'll be pretty much railroaded into biglaw for at
least 3 years or so. If you burnt out quickly from finance, you should be especially wary about that possibility, because biglaw is roughly as miserable.