Differences between MBA and Law students

I've recently had a lot of opportunity to spend time with the law students at my university, through meeting them randomly and grad mixers. The differences between the students at the two programs are unbelievably stark. The best way to describe it is the alpha-beta analogy where the MBA students display alpha qualities while the law students display beta qualities.

MBA students are socially confident

In social settings, the law students are awfully awkward and geeky and stick out like sore thumbs. Perhaps it's due to the fact that many of them are straight out of college and thus haven't refined their social savvy in the real world. They would make geeky law jokes, constantly talk about law and jobs, and try to overcompensate through false displays of intellectual "prowess." In contrast, the MBAs know how to have a good time and are totally comfortable letting go. At social events, they are not trying to "outdo" others but rather want to drink and bond. We are comfortable in our own skin because we are older, more mature, and have been there before.

Law students are very defensive and insecure around MBAs

This really took me by surprise. Back when I was in college, law was considered more prestigious than MBA. Everyone at school was studying for the LSAT like a maniac. Now the tables have turned, as finance, tech, consulting, have heated up, and law school application numbers are dropping rapidly. Every law student I've met has responded in one of two ways when they find out that me and my classmates are MBAs. The first type is defensive: they retort "oh do you guys like do any work?" or "yeah you guys are such slackers." The second type stems from insecurity and envy. For instance, one girl I met at a recent inter-grad mixer said, "If I were better at math and econ, I would've loved to have done an MBA!" Another guy who is heading to a top law firm after school said "I wish I could do finance, but I majored in a worthless subject in college and ended up in law school. Most of us here couldn't get finance." The pain of regret and longing was so evident in his voice and demeanor. In contrast, I have yet to meet a SINGLE classmate who wishes they could've gone to law school.

 

Dunno man. I met some law junior partners who are pulling at least half a mil if not a mil by early 30's. Most finance ppl I know hate their life, their salary and their job.

 

MBAs are typically older and have work (and life) experience under their belts so it would make sense that they'd be more socially adept and indifferent to the silly ego competitions you see at many of these functions. Law School is primarily an academic endeavor so the students there will derive more value from how "smart" everyone seems. Have you ever hung around Yale Law kids? One of my best friends graduated from there. They're practically aliens; they're only concerned with saving the world and crusading against injustice. People like that are not going to be a hit at parties.

 

Yeah I know Yale Law kids. They are super smart and cerebral, but they are like on a different planet in terms of their priorities and view of the world.

Perhaps the most annoying attribute of students at top law schools is the combination of delusions of grandeur with a sense of self-righteousness. They insist that they are in law school to bring about "transformational change" and that they are actually going to make a difference. Of course, they all end up doing mind numbingly boring and soul crushing corporate law work after school. At least us MBAs have no illusion about why we are in business school.

 
mbavsmfin:

Yeah I know Yale Law kids. They are super smart and cerebral, but they are like on a different planet in terms of their priorities and view of the world.

Perhaps the most annoying attribute of students at top law schools is the combination of delusions of grandeur with a sense of self-righteousness. They insist that they are in law school to bring about "transformational change" and that they are actually going to make a difference. Of course, they all end up doing mind numbingly boring and soul crushing corporate law work after school. At least us MBAs have no illusion about why we are in business school.

I agree 100% based on lots of personal experience.

 
mbavsmfin:

Yeah I know Yale Law kids. They are super smart and cerebral, but they are like on a different planet in terms of their priorities and view of the world.

Perhaps the most annoying attribute of students at top law schools is the combination of delusions of grandeur with a sense of self-righteousness. They insist that they are in law school to bring about "transformational change" and that they are actually going to make a difference. Of course, they all end up doing mind numbingly boring and soul crushing corporate law work after school. At least us MBAs have no illusion about why we are in business school.

So you're trying to say that they're social justice warriors?

 
mbavsmfin:

Perhaps it's due to the fact that many of them are straight out of college

The real difference lies here. If law school students were 27-32, they would be substantially more chilled out. And they would be less defensive if they weren't graduating at 25 into a cold hiring environment saddled with 150K+ in debt.

But to throw a little shade at T14 law students...I tend to find them more competitive (in a bad way) and elitist compared to mba students. I find most top MBAers to be pretty humble. It's a function of the admissions process. Law admission focuses primarily on academic achievements whereas MBA admissions seeks a more well-rounded applicant.

 
DickFuld:

@mbavsmfin

What will you talk about when you don't talk about MBA programs? Or maybe you will continue to talk about them incessantly after you graduate? Personally, I would go work for one of the MBA ranking publications if I was you. At least you'd be working on something you're passionate about.

Seriously? mbavsmfin is enrolling in another MBA program as soon as he finishes his.

 

it's his only option. look out for this post sometime soon..

"Is having two MBA's considered more prestigious?"

p.s. based on title, i had thought this could have been an interesting discussion for the frontpage until i saw the author, and the amount of monkey ish it had already been the recipient of.

p.s. 2: i'm slowly finding ways to use stock images from http://www.buzzfeed.com/daves4/unexplainable-stock-photos#.gflO6JMr61 (NSFW, well kinda)

WSO Content & Social Media. Follow us: Linkedin, IG, Facebook, Twitter.
 
Unforseen:
DickFuld:

@mbavsmfin

What will you talk about when you don't talk about MBA programs? Or maybe you will continue to talk about them incessantly after you graduate? Personally, I would go work for one of the MBA ranking publications if I was you. At least you'd be working on something you're passionate about.

Seriously? mbavsmfin is enrolling in another MBA program as soon as he finishes his.

I visit WSO for my daily dose of good laugh. SB-ed.

And what's with that photo of twins intertwined in a sweater?

Fortes fortuna adiuvat.
 
adapt or die:

The amount of alpha-beta talk on this site is truly hilarious. Not only is it awkward and creepy to talk about how alpha you and your cohort are, but I have a feeling the kids who talk about it the most here would probably get stomped out in 5 seconds.

There's a simple principle that applies to people like that.

"If you have to tell people you are, then you aren't."

That said I kind of suspect that a lot of people are getting from those stupid "redpill" and "manosphere" sites that have replaced PUA gurus as the go-to source for sexually frustrated young males looking for answers on the internet.

 
adapt or die:

The amount of alpha-beta talk on this site is truly hilarious. Not only is it awkward and creepy to talk about how alpha you and your cohort are, but I have a feeling the kids who talk about it the most here would probably get stomped out in 5 seconds.

There's a simple principle that applies to people like that.

"If you have to tell people you are, then you aren't."

That said I kind of suspect that a lot of people are getting from those stupid "redpill" and "manosphere" sites that have replaced PUA gurus as the go-to source for sexually frustrated young males looking for answers on the internet.

 
mbavsmfin:

We are comfortable in our own skin because we are older, more mature, and have been there before.

Does this apply to Asian male MBAs who have been emasculated by the mainstream media AND who live in NYC?
 
Best Response
mbavsmfin:

MBA students are socially confident

In social settings, the law students are awfully awkward and geeky and stick out like sore thumbs. Perhaps it's due to the fact that many of them are straight out of college and thus haven't refined their social savvy in the real world. They would make geeky law jokes, constantly talk about law and jobs, and try to overcompensate through false displays of intellectual "prowess."

Are you kidding me? Bschool dickwads might be some of the most obnoxious, socially inept bumblefucks on the planet. I completely agree with you that MBA students are socially confident -- they think they're KILLING IT during happy hours or networking events, all the while being unaware that their conversational partners fucking hate them. I haven't seen such Aspy behavior since freshman year of college, with the only differences being that graduate-level dweebs brag about their four years at PwC (lol) or Facebook instead of Trinity or Exeter. Seriously, guys, it's okay to use indoor voices to ask self-inflating rhetorical questions during those sorry excuses for $10k lectures. (FYI, your professor hates you too.) You needn't scream in order to make it known to your peers that your former employer's name began with a G, ended with an E, and had OOGL in the middle -- they can all see it clearly displayed on your water bottle and emblazoned across your chest. And no one CARES that you're in bschool... not the law students, not the Ph.Ds, and not even the undergrads -- there are literally a thousand of you. Compared to students of law or medicine or quantum physics, MBA kids ARE slackers. Most of your grades, which don't even matter, are dependent on either your bullshitting skills or how lazy your professor's feeling. You don't have boards or bar exams to worry about -- as far as you're concerned, planning trips and picking up boxed wine are all that matter for the time being. And at least the other fields require a modicum of knowledge or mental aptitude... A surprisingly large % of kids in T7 programs are just plain dumb. How the fuck adcoms can usher an overworked GS alum, some guffawing idiot who worked in fashion, a Saudi Arabian princess, and some albino kid who doesn't speak English into the same cohort and expect them to treat each other as equals and become BFFs is beyond me. The entire bschool system is fucked. The barriers to entry are not even that high, esp. in comparison to other top graduate programs. MBA students are literally taking an unnecessarily long break from real life to gain experience in training their noses to sniff out free food and coordinating travel plans. There's nothing enviable about it, and I can pretty much guarantee you that your law school friends are not jealous.
 

Snatch, I'm usually a big fan of your posts, but you are way off the mark here.

  1. I don't know where you went to b-school (i'm assuming you did), so I can't speak for every single b-school out there; just my own. But I have heard very few people openly brag about where they worked at, job offers, or where they went to college. You are correct that jobs definitely come up in conversations, but that's in the context of recruiting, which is naturally going to a conversation topic amongst MBA students. As for water bottles and company swag, not quite sure what the big deal is here. So you get a free water bottle and bring it to campus to drink water out of. OMG! That is a sign that the guy must be a douchebag! After all, snatch said so!

  2. You are correct that MBA is not as rigorous academically as law, med, Phd, but it was never intended to be academically rigorous because that's not its primary function. Newsflash: if you want to spend grad school stressing over stochastic calculus or complex tort litigation, MBA is not right for you! The purpose of an MBA is to build a reasonably strong foundation in business, make a career transition, enhance your brand, expand your network, etc. You also underestimate how much work is involved in getting a top job. Yes, we party more than other grad schools, but many of us bust our ass off during recruiting (case interviews, stock pitches, etc.). You can't blame us for blowing off steam by having a good time.

  3. I have my beef with MBA adcom; my complaints have been posted on WSO numerous times. However, I do think they do a good job of assembling a diverse interesting accomplished class. And believe it or not, tons of strong friendships are formed between people of disparate backgrounds. Although I empathize with some of your cynicism, it is ultimately not rooted in what really goes on in b-school.

  4. I'm sure law students don't sit around talking about how envious they are of MBAs. However, I have talked to way too many law students who have bitched about how much work law is, how they wish they could party like MBAs, and how they wish they could have done finance or consulting. You may think they are saying this just to flatter us, but given law students' ego, I doubt that's the case. As I mentioned in the comment above, law school applications are at historic lows. Law is just not that popular anymore because people realize how shitty it is. The top talent from the elite colleges have been going into finance/tech/consulting in droves rather than law.

 
mbavsmfin:

Snatch, I'm usually a big fan of your posts, but you are way off the mark here.

You also underestimate how much work is involved in getting a top job. Yes, we party more than other grad schools, but many of us bust our ass off during recruiting (case interviews, stock pitches, etc.).

Law school and business school serve two very different purposes. Law is essentially a trade school where you learn the raw mechanics to practice law. Business school has many purposes - i.e. career change, building brand, expanding network, etc. This is why law school has more academic rigor but no one should match academic rigor to value-add. Business school is incredibly benefical for many and so is law school, in different ways.

However, if you think that your three months of wining and dining paid by companies and the one month of interview prep is anywhere equivalent to the work from 3 years spent at law school or 5-6 in a PhD or MD, your grasp of the world is more limp than the whiskey-dick you carry every Thursday, Friday, Saturday and Sunday (and come on, probably Tuesday and Wednesday too) from your MBA section socials.

 
snatch:
How the fuck adcoms can usher an
overworked GS alum, some guffawing idiot who worked in fashion, a Saudi Arabian princess, and some albino kid who doesn't speak English into the same cohort and expect them to treat each other as equals and become BFFs is beyond me.
i lol'd at the whole thing, but this was the best
WSO Content & Social Media. Follow us: Linkedin, IG, Facebook, Twitter.
 

"How the fuck adcoms can usher an overworked GS alum, some guffawing idiot who worked in fashion, a Saudi Arabian princess, and some albino kid who doesn't speak English into the same cohort and expect them to treat each other as equals and become BFFs is beyond me."

I LOL'd

 

Law school applications are at a 41-year low. Law is pretty pedigree driven; the vast majority of the top corporate law jobs are going to the students from the top programs. The notion that a low ranking law degree automatically confers respect is wrong.

 
mbavsmfin:

Law school applications are at a 41-year low. Law is pretty pedigree driven; the vast majority of the top corporate law jobs are going to the students from the top programs. The notion that a low ranking law degree automatically confers respect is wrong.

I looked into that once upon a time.

Just as in finance there's a huge gap between how people in the industry view it vs main street. If you graduate from some regional(within the state, not regional within the US) law school and hang a shingle people in smalltown USA are probably going to think you've done pretty well. People in elite biglaw firms on the other hand are going to wonder why you even bothered to apply without a "prestigious" law degree and throw your resume in the trash as soon as they finish reading the education section.

Part of the difference isn't just the cultural difference between law students and MBA students, but the differences between each college's business school and the school as a whole. Just as in any school there can be stark contrasts. My undergrad institution had a pre-med program that was(in sharp contrast to the school as a whole) one of the best in the region. We didn't see those guys much around campus due to their workload but by the end of the program they generally had a very different attitude than the general student body. The same went for the guys who put most of their effort into the military program as opposed to the academics. Most of them were terrible students but developed amazing(for their age) management skills.

Another author that I've mentioned on here before (John Reed) talked about the difference between Harvard Business students and Harvard students in general.

Take it with a grain of salt but this is his opinion.

When asked what Harvard Business School was like, one of my classmates there gave a summary of a case he had had that day in class to some grad students from “across the river.” At Harvard, the Business School is on the Boston side of the Charles River and the other schools are on the Cambridge side. The Cambridge side has a very progressive mindset. They were quite good at pointing out the options and considerations of the business school case. But when my classmates asked, “So what’re you gonna do?” They looked at each other blankly before one finally said, “Well, somebody would have to make a decision on that.” My classmate said exactly what the professor at Harvard Business would. “Yeah, you! What’s your decision?”

The mind set of those on the Cambridge side of the river was that they were peons and that some higher authority—external validation—ran the world and delegated authority without which one did not have authority. The mind set of the Harvard MBAs, after the first few weeks of being there, was that we were in charge. Most Harvard MBAs are founders and CEOs of their own companies. The irony of [Jack's Alma Mater] is that it turns out external-validation addicts who spend their lives going hat in hand to beg committees to anoint them while claiming to be a leadership academy.

Of course your mileage may vary but that example is illustrative of how massive the gulf between the way people in different departments of the same institution think.

 

In general they're also more generalist degrees than J.D./PHD degrees. As a manager it isn't your job to know exactly how a particular computer algorithm works or the minute details of intellectual property laws. Your job is to manage both of their efforts and make sure that both of them contribute effectively to your organization's goal.

That's why most MBA's are structured the way they are: in a majority of cases they serve as delayed finishing schools for people on a management track. Everyone has to take the core classes so that you at least know how each department functions and what they are going to be worried about. You need breadth and your subject matter experts(who in some organizations will get paid more than you) are the depth.

For most MBA's there would simply be no benefit to making it a 5-year program that goes in-depth to each functional area because you usually won't have the time or reason to go into that amount of depth as a manager. Being able to network effectively is key because it's not always easy to get engineer types, salesmen, and accountants to be on the same page.

I'm speaking from experience when I say that if you think that's bad, wait until you're dealing with stakeholders who come from different industries, different economic sectors(e.g. private contractors working a government project), or different continents. It gets exponentially more challenging and most in-depth, technical degrees do a poor job of preparing people for that. MBA programs attempt to with an emphasis on group work, diverse classes, and case studies.

 

Law schools regularly take people with no work experience or career prospects and graduate them three years later into $150-200k / year jobs. Business schools do not do this.

As others have said, they appear similar, and are in some ways are, but really are quite different in who they target and what they are trying to accomplish. When the JD students say they are envious of you, it is not the school they are envious of. They are envious of the 5 years of work and life experience, the same way a 13 year old is envious of an 18 year old.

If they went to law school immediately from undergrad, they are in many ways ahead of the MBA students if you compare age to age.

 

Deleniti excepturi dolorem eveniet voluptas. Quia nihil voluptatem autem id rerum molestiae. Qui voluptate in sint officiis perspiciatis eum nemo.

Libero qui deleniti asperiores dolores alias. Omnis voluptates incidunt provident voluptatem impedit consectetur quos quis. Assumenda atque dolorum soluta ut fuga aut est. Id dolore occaecati quod voluptatem repellat eius harum.

Numquam sed nisi vero qui sit et sit. Tempora rerum blanditiis in alias doloribus. Ad eum similique tenetur et. Quia quis dolores voluptatum sed.

 

Et similique quos earum necessitatibus animi. Et quis delectus ipsam qui sunt itaque tempora. Neque architecto ea quaerat quidem enim.

Repellat aut quisquam temporibus fugit voluptatem quo vel. Eaque est sed et facere quo tempora. Molestias ut molestiae quae quaerat est fuga. Dicta inventore molestiae tempora placeat. Ea molestias quidem eius totam molestiae. Aut a sit delectus nihil molestiae sit voluptatibus.

Et ratione adipisci voluptas sunt. Ipsum nam et commodi vero. Sequi sed tempore incidunt nostrum. Qui quibusdam odit consequatur dolores enim et dolores. Perferendis eaque quaerat qui aliquam quis. Corporis et voluptatum ipsum quo quia dicta. Unde facilis natus fuga in. Sit nihil consequuntur nemo temporibus velit dolorum aut.

Ipsa est consequatur omnis. Nihil eum eos consequatur tempore aut quia. Quo est consectetur aut porro et sequi. Molestias ad dolorem qui molestiae incidunt. Fugit sint nobis mollitia qui qui accusamus. Sed id quod repellat enim ut. Sit et aliquid officiis rerum.

 

Eum cupiditate nobis consequatur nihil magni. Omnis assumenda ut esse facilis neque. Corrupti asperiores fugit velit voluptatem.

Exercitationem ducimus nisi consequatur asperiores voluptates molestias voluptas. Rerum illum architecto est. Asperiores ut quam voluptas odit nulla. Deserunt odio voluptas beatae eos dignissimos quia alias. Eaque modi repudiandae fuga earum magni.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
numi's picture
numi
98.8
10
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”