unless you have done something to indicate that you are good as an investor/dealmaker, just having a JD/MBA won't give you a necessary edge.

compare yourself to someone who did 2-3 years banking, 2-3 buyout/vc/etc PE, and held senior executive roles at startups (by the ages of 26-28) and then went to b-school. while at b-school, this person had his own consulting company where he advised a client on a $30-40 million sale or acquisition.

that's an edge in PE.


We're about to enter a Great Depression. Don't you want a president who's already dressed for it?

------------ I'm making it up as I go along.
 

Except the restructuring wave will probably be over by the time you finish a 3-4 year JD/MBA in 2012-2013. 4 years of lost income to get into something that's going to die down by then.....quite a huge cost to pay I think.

 
ptan54:
Except the restructuring wave will probably be over by the time you finish a 3-4 year JD/MBA in 2012-2013. 4 years of lost income to get into something that's going to die down by then.....quite a huge cost to pay I think.

I do not agree. A lot of the LBO debt that was used to fund the acquisitions of the companies between 2005 - 2007 will come due in 2012 - 2013.

 
ptan54:
Except the restructuring wave will probably be over by the time you finish a 3-4 year JD/MBA in 2012-2013. 4 years of lost income to get into something that's going to die down by then.....quite a huge cost to pay I think.

That's also not the right way to calculate opp cost, a MBA is two years so the cost of a JD/MBA is the extra 1-2 years that it takes to get the JD (assuming you'd be getting an MBA anyway). Restructuring will likely be down by 2012, but that does not mean this isn't a useful skill set to have over a 50 year career horizon. I'm fairly confident this isn't the last time we'll be seeing a wave of bankruptcies.

 

i'm also very interested in the usefulness of this combo - still considering what I want to go for in grad school.

my perception is that a law degree is great if you have executive-level aspirations, while an MBA ensures you have access to top recruiting

 

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