JD vs. MBAO
It seems as though almost every mba program is now offering a JD/MBA program. However I was curious to know people's opinions on getting one degree over the other, not both. As most people know, many lawyers never spend the duration of their career as actual lawyers.
I wanted to list some of the "Pros" of getting a legal degree, mainly because I think most people on this forum are pretty well versed on what MBA's offer. I have always thought I would be someone to get a MBA, however recently I many of my attorney friends have really made me think....
1) It seems as though lawyers can easily work in many fields that MBAs work, however MBA's can't work in a lot of fields that JD's can.
2) In addition, many people say that if you DON't go to a top 10 MBA school, in general, you will earn more money in career as a JD. Mainly because, like getting a medical degree, a legal degree has little variation in terms of its recognized respect, and it grants you permission to practice a certain profession. While MBA's and their respectability can vary dramatically, as can their salaries.
3) While MBA's from top schools, can earn loads of money in large cities like nyc/chicago/sfran, they take a huge a paycut if they decide to move to other areas, especially outside the northeast. While lawyers can earn huge salaries regardless of where they are geographically located.
4) In general it also seems that entrepreneurship is much easier as a lawyer, as many lawyers can either start their own practice or join a small practice to become partner. For those who want to experience "entrepreneurship" and the "be your own boss" type of feel, lawyers can do this with much less risk.
Naturally, everyone should pick what interests them most, however I feel that lawyers like MBA's can cater their profession towards areas they are interested most in, they can pick particular practice areas that serve the clients that work in the industry or line of work that interests them most. Whether its M&A, healthcare, real estate...whatever your interests are, lawyers are likely involved in that field.