| Topic Name: |
How did you know?? |
| Message Name: |
that's why I said that... |
| Date Posted: |
04/30/2002 |
| In Reply To: |
"About MBAs... they are suffering a lot right now due to the economy. As of 3 weeks ago, 40% of Wharton's MBAs still had no job. and although lots of people on this board will disagree, an MBA is not as flexible as a law degree."
You should also be asking how many 3Ls from 1st, 2nd,... tiers have solid offers.
Comparing '02 Wharton MBAs to Yale JDs would be more informative.
"There are very few careers you will be shut out of as a lawyer."
plzzzz, if you go to law school you WILL be shut out of most jobs other than being a lawyer. Yes, you hear about CEO's etc. with JDs who are very successful in business but it's my observation that they would have been equally successful w/o the JD.
What's more common is to find JDs who don't practice law because they couldn't get hired (as an attorney).
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| Message: |
most people on this board will disagree with me. That's fair enough. I never said my peer group is strikingly relevant to most people. Everyone I mentioned in my post went to Wharton and Uchicago for undergrad, and then went on to top 10 law schools. I'd hardly ever claim my peer group is statistically representative of anything at all... I'm not saying I'm better, but statistically my friends and I aren't going to be the "general rule."
About job comparison, you're absolutely right that compaing top ten JDs to top ten MBAs and their job prospects right now would be most relevant. I was merely summarizing what I know about those two groups and I assure you that the MBAs are doing far worse this year than the lawyers. Mind you I'm not talking long term I'm just talking about the here and now, ten years down the road who knows. Also, comparing a 2nd tier law grad to a 2nd tier MBA grad and you'll find that the lawyer is doing much better. Getting an MBA outside the top 10 is only useful in specific situations (ie already have a great job, but they'd like you to have an MBA before they promote you further, etc.)
As for CEOs, "it's my observation that they would have been equally successful w/o the JD." ... not a sound argument and definitely can't be tested one way or the other.
When we talk on these boards about success I think we neglect to mention that success in the long run has always had more to do with certain characters and work ethic than with specific education. I've met homeless Wharton MBAs and millionaires that barely finished high school. What we try to do here is talk about the "averages" so as to eliminate wild expectations.
I hope that rant made sense. My point is that too many people and especially on this board this that there is a sure way to success (or failure,) and that's rarely the case.
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