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Vault Message Board: Law

Topic Name: Corporate Finance/Law
Message Name: Maybe
Date Posted: 01/29/2000
In Reply To: Background: I received my undergraduate degree in business from a state university approx. 3 years ago. Since then I've worked for a valuation firm and in leveraged finance. I am also a CFA level 2 candidate. My Goals: 1. To go to a Top 10 MBA program 2. To get into private equity Obstacles: 1. State university degree 2. Mediocre gpa My Idea: Attend law school (a lower tier school) on a part-time basis as I continue my position in leveraged finance. After 1-2 years, seek a transfer to a more reputable law school (also on a part-time basis) and obtain a new position in finance, preferably in high-tech lending. By the time I graduate, my resume would include 7 years of progressive experience, the CFA, and a law degree (with a high gpa). I think that I would be in a better position to realize my goals if I can accomplish all of this. I would appreciate hearing from people, especially from JD/MBAs in corporate finance, about the feasibility of this idea. Thanks in advance.
Message: You seem to be operating under the presumption that having a degree from a state school is somehow deterimental to a career in law or finance. I sure alums of UVA, Michigan, Cal, Texas and many other state schools would dispute your logic. You are also taking a risk that by attending a lower tier school, you would automatically transfer to a higher tier, part time. As a rule, transferring is probably more problematic than you believe. You would probably need a near perfect LSAT and 4.00 to even have a chance of transferring to a "better" school. As well, not every school has part-time programs so your options could be limited. You should explore your dream schools' requirements for transferring before committing yourself to such a weak track. Here's another idea: Work your ass off getting ready for the LSAT over the next year and, presuming your score is in the top percentiles, apply to higher tier schools. You will have additional experience and perhaps a better chance of getting in, despite your GPA and state university degree. Good luck.

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