Go to B-school to move from Lawyer --> IB?

Looking for some thoughts on this one.

I'm a current lawyer, 6 years out of school, working at a biglaw firm in litigation. The money is good enough (market paying so 300k+), but I'm not sure about future prospects here (partnership is possible but not likely). I'm also not sure I can work in this industry for the rest of my life... it can get pretty boring and monotonous.

I've considered IB or consulting as alternate career paths for a while. Was decent at finance/math in undergrad but went for the law degree instead. I'm already in at two top-15 bschools that should at least give me the opportunity to make the transition.

So the question is, am I crazy for considering giving up my current job for an entry level finance position? My goal would be to end eventually in a role that pays similarly or higher. The risk of staying is that I'm pretty specialized so if I get fired there's not a huge market for my services elsewhere. But I'm also concerned that I'm overselling the idea of IB to myself and I'll be miserable there/won't ever reach the same income level.

 

I would go M&A restructuring over IB, please note this is coming from someone w/ relatively no real world exposure to either field, but I believe that route would be more applicable to your skillset

Cultivating mass and wealth since '95
 

Just curious, why M&A restructuring? I don't have any particular experience with M&A. My work is more focused on general litigation.

 
Most Helpful

Et et nisi ipsum alias consequatur quis asperiores. Quam occaecati illum eaque repudiandae in aut. Sit dolores qui nulla quasi. Et accusamus reprehenderit autem quae vitae. Quam omnis ducimus nam corrupti officiis.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.8%
  • Harris Williams & Co. 25 98.3%
  • Goldman Sachs 17 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 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

May 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

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $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
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
bolo up's picture
bolo up
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...”