Reply to Lawyers- Help a mom out- son wants a JD and a MBA

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[quote=Anonymous]There is a well-trod route from the college to Wall Street - the 2 year analyst program after graduation.  You work like a dog, drink all night with clients/colleagues, rinse and repeat. If he survives that then he has a fast track to B school and the bank pays for his MBA.

An MBA without any work experience is not great since the value of the program has as much to do with studying as partying with your classmates - they are your network of future investors and clients.  It is enormously useful to have your own play money and network to start at B school. And play at B school can be super expensive.

The downside of a JD/MBA is that it is one more year lost income (and tuition) than B school and you get paid the same as any other B school grad. And if you go to a law firm, you are paid the same as any other first year associate who isn't expected to understand anything about the client's business.  Doing both is theoretically useful because law school offers lawyers almost no training in how business works and bankers could use legal training since everything in finance is highly regulated.  But, on the job training tends to be more focused and applicable.  [/quote]

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