Law school instead of MBA for RX Banking
Current A1, thinking about staying in RX long term.
Clear path to MD since all jrs leave + firm prefers promoting internally
However, I really don’t want to get stuck in an “execution” MD role. Tbqh I have no real connections (nontarget UG) and when I think 10-20 years down the line, I’m worried I’m not really going to be able to bring in any deals.
I really don’t want to get an MBA, cannot stand MBA types ngl. Figured law school (only would go to HYS) would be a good way to meet lawyers/other ppl in RX space who down the line could become clients.
In an ideal world id just stay in IB, obviously the trade off is that I don’t get paid for 3 years + potential career delay - however, is it possible to come back as a “summer VP” and rejoin as a VP after law school?
I usually just browse this site for entertainment, but I see a lot of my past self in this post. A few words of advice:
You’re an A1. You hit the desk literally two weeks ago. Keep your head down and focus on actually getting good at the job first.
I came from a non-target, started at one of these over-glorified RX shops (PJT, EVR, HL), went to a HF, and am now back in banking. I used to be in your exact shoes, stressing over how I was going to study for the LSAT, GMAT, or whatever alphabet-soup exams this forum hypes up (trust me, they aren't that important).
I skipped on-cycle recruiting for the exact reasons you're worried about. But I ended up giving the buyside a shot after working closely with a few funds, and one offered me a seat. That’s the beauty of RX - as an analyst, you actually get to work directly with deal partners at these shops. The network builds itself if you do good work.
Hope this gives you some perspective.
😂😂 after a JD you may not even be able to get back as a summer intern
go to law school only if you want to be a lawyer (sucks), otherwise do what above comment said
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