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I dont personally know of anyone.
I think it raises a good question though. If I wanted to get a JD and MBA, I would be more inclined to take them from seperate schools. Even if that meant a couple more years hitting the books...
Anyone else feel the same?
Eh, I don't have enough money to go to 2 extra years of schooling and no income. If I was old money, then sure.
Honestly, the JD component isn't that valuable if you're already getting the MBA. Kids at top law schools WISH they were at top b-schools.
I know people in biglaw, they RARELY work weekends and make 160k base salary 1st year in most markets. If anything I'd be trying to get the JD and an MBA on the side in case I get board of law.
Lol at sleepyguyb; either your friends are lying about their hours or they don't work in biglaw.
I looked very closely at the Northwestern JD/MBA primarily because you can do it in 3 years as opposed to the usual 4. Also not having to take the LSAT is a huge benefit. The Northwestern JD/MBA definitely is the most user-friendly of all the JD/MBAs (mostly for the 2 reasons I mentioned) but the two problems I had with it are 1) I would prefer to go to a school with more of a finance focus, though Kellogg is obviously still a top-tier school and 2) the Northwestern JD isn't of the same rank among law schools as Kellogg is among business schools.
I heard the JD/MBA is more for business people who want the legal education than lawyers who want the business education, meaning most people get the JD on the side and not the other way around.
This just isnt true. Top 5 law degree > Top 5 MBA any day of the week when it comes to prestige.
It can really, really, go either way. Actually I think it would be more benificial for people who want to go into corporate law.
I have family that works in biglaw. I've been to their offices on the weekends, its a ghost town.
Most JD/MBAs go into business (about 90% of them) and one reason is the pay. 5 years of lawyers will be making 250k or so, MBAs have higher potiential but the law route is pretty safe.
Well here in New York, everyone I've met who's in biglaw definitely logs in some serious weekend time.
This is true. I can confirm you don't need the LSAT for joint programs and that the GMAT will suffice. Thank god. Also I have friends who just finished their 1Y and 2Y at NW as joint JD/MBA... most did law summer associate positions vs. IB summer positions. I did the same. I started grad school as a joint JD/MBA and did two summers at two different law firms. Opted out of the JD and just finished the MBA.
To give you an interesting perspective, in 2002 I believe there were only about 5-7 joint JD/MBA candidates at Northwestern. The fact that there's 25 students now in the joint program I think is impressive.
I looked into the Northwestern JD/MBA as well. Reading the employment report, they sent over half to big law. I have two brothers and good friends that work big law and they work almost as many hours as bankers.
At Northwestern, the tuition for JD-MBA is 60k per year over 3 years vs. 45k per year for 2 years at Kellogg. Add the salary given up and that's not a small amount of cash.
I recently received advice from the founder of a notable PE fund that it wouldn't be worth it.
I would never work New York law. NYC really isn't a competitve legal area to break into because the hours are so shitty and you can get the same salary in Texas for example. But non-NYC law works sub 60 hours a week on average.
If you want to do business, sure the extra year and extra tutition is probably not worth it, but when banks start cutting people and you want some job security, that JD would look really nice.
My contacts work in Palo Alto, San Francisco, and Austin. They all work >60 on average. I believe it's more the firm culture than the actual location of the firm. Of course, if you work for some no name in Omaha, it's going to be different than Simpson or Skadden in NYC.
Believe me, I've tried to justify the joint degree, especially as I've always wanted one and being a student for one more year is a great lifestyle. But most of the advice I get from respected business and law professionals in the industries I want to be in (PE, Tech) say it's not worth it.
Does anybody know if it is more competitive to get into the MBA/JD program than the regular full-time MBA program?
Competitive in what sense? More difficult to get into? Depends on the school. If you are talking about Northwestern, then yes, because you submit one application for both schools. However, other schools require 2 separate applications. You could possibly get accepted into one of the grad schools and dinged from the other.
I've done a lot of research Northwestern's program because I'm thinking of doing a JD/MBA and it's one of only two good programs that let's you do it in three years, the other being Penn/Wharton (they only recently started allowing it).
I spoke to one kid who just graduated from the program either one or two years ago and now has a super pimp job in PE. He said he found the program to be 100% worthwhile and that while it was rigorous he had plenty of time for networking, hanging out and so on. Chicago is also an awesome location. From what I can tell there are a lot of advantages, including the fact that the program is fully integrated and has it's own separate admissions criteria (and you only need GMAT). Looking at the placements of kids over the last two years, it seems a lot go into Law, but there are plenty of kids going into consulting, finance and real estate. I think it would be a particularly good option for a career switcher who wanted to go into consulting from finance or go from consulting to PE. I know that MBB all recruit from the program.
I'm a graduate of the program -- it was a great choice for me and most others I knew/know in it. Like everyone says, it's best if you know why you want both degrees. I had "logical" reasons about their utility, but I also just enjoy the competence and confidence that comes from getting educated and knowing, in a board meeting, that the other guy doesn't "know" some secret that I don't get because I lack an advanced degree. Particularly if law school is an option you're considering, this is the same length of time for 2 degrees and an agile, diverse skill set. Slightly more $ but same opportunity cost.
Also, resoundingly, in contrast to the population of naysayers on this board, we heard from employers repeatedly, and most of us have experienced, that having both degrees is a huge asset. It's true that you don't "need" both for virtually any job -- that's 100% true -- but it asks the wrong question. You don't "need" an MBA for any job either. Will it help you? I can't say "yes" enough -- in both actual expertise, perceived expertise, eagerness of employers, and personal confidence, mine is paying high dividends.
There's a Kellogg and a law school JD-MBA website, and the law school has a JD-MBA sub-head listed under all of their topics (admissions, careers, etc.). What information are you looking for?
JD/MBA at Northwestern: how to get in, etc. (Originally Posted: 12/22/2010)
Not sure who is familiar with the Northwestern JD/MBA program, however I was curious what I would need to get into the program -- I'd also be interested in hearing what I would need for other top programs as well -- Wharton, etc.
Background:
GPA: Will probably graduate with a 3.45-3.48
Dropped classes: I dropped one class for almost every semester for three years (bad habit)
Finance and Econ major: mostly "A"s for the first couple of years, Bs B+s later, nothing lower than a B in major stuff
Lower grades: two CS during academic career: one in operations and one in calc
School: Top 20 undergraduate
Work experience: Will have worked at a MM canadian bank (IBD) for two - three years, may lateral to a top boutique/pure-play or BB
Soft: have a pretty wild background -- not your normal top HS students who got into a good college -- that I may write about in my person statement,
Questions: what do I need to get on the GMAT (obviously the higher the better, h/w, what do I need at a minimum) as well as LSAT if applicable
Do I have a shot with the GPA and work experience?
Thanks guys
LSAT for northwestern is in the mid 160's if I remember correctly (and I very well might not). Most of these programs require you to get into both schools independently of one another and, once you've gotten into both, you make it known that you want to do the dual degree program. Not sure how you're GPA stacks up but it might be a bit on the low side (again, not sure if I remember correctly).
.
You do not need to take the LSAT for NU's program, and you do not need to be accepted to each school independently. You can only take the GMAT and send in a single application.
Yea, he's right but they only enroll about 25 students year in the JD MBA program
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