Oxford or Private Equity?

Hi All!

I recently received an offer to obtain a master's at Oxford.

I'm also very late stages with private equity firms (final case studies).

I studied liberal arts in college and wanted to work in finance for a couple of years before law school, so I got a job in IB. Becoming a corporate lawyer is still my goal.

Because of the crazy hours I worked in banking, I wasn't quite satisfied with the LSAT I received (high 160's, instead of a low 170). Since I'm young I said why not apply for a couple of masters (I'm also very academic) and just shop around for work opportunities, while I increase my score (yes, this "small" difference between a high 160 and low 170 actually matters A TON for law school).

I wasn't expecting to get accepted into Oxford. But now it happened!

So what do you all think? Do a master's at Oxford for a topic I'm interested in (Oxford degree is a highly respected credential in the legal community), or just go with PE for a year or two for the learning experience (I'm very sure I'll receive an offer somewhere)?

Big picture, I have the rest of my life (50+ years to work in law) so not sure which option is a best last step before I pursue my legal career.

Oxford is a dream; PE sounds boring. But Oxford is large cash outflow, and PE is a large cash inflow.

15 Comments
 

Each choice is exclusive of the other. I’d approach this like a fork in the crossroads. Would definitely think long and hard about which career path you’d like to take.

 

Not sure if it works the same in UK, but in the states, universities are notorious for not accepting a candidate for the second time who turned them down the first time. Oxford would likely not be an option.

 

Oxford is a dream; PE sounds boring. But Oxford is large cash outflow, and PE is a large cash inflow.

I think you answered it right there.

 

Couple of points here:

  • If you want to work in corporate law, neither choice will have a material impact on your career. A non-JD humanities Masters degree doesn't give you an "edge" for law school or your career. If anything, a stint in PE might give you a longer-term edge in better understanding some of the clients you might one day work for (or as a gateway to sales way down the line).
  • Related to my first point, I don't know who told you that a/your Oxford Masters is a "highly respected degree in the legal community" because I can't think of a single programme there that would even be marginally beneficial in your case. Taking time off to get higher LSAT scores and getting into a better law school would be 10x more worthwhile.
  • If you're set on a career in law, you will a) soon be getting a taste of academic/campus life for 3 years anyways b) most likely have an opportunity to do an LLM at somewhere like Oxford later down the line. You will not however be as likely able to switch out of law to pursue PE (at least for quite some time). The asymmetric nature of the opportunities should factor into your decision-making.
  • At the end of the day, life is short and Oxford is a magical place that will be a unique and memorable experience (especially if you're coming from outside of Europe). Money shouldn't be as much of a concern as long as you clearly understand what it is exactly that you are buying--a luxurious holiday.
 

That's a really helpful response; I appreciate how comprehensive and thoughtful it is.

And thank you to everyone else!

I made my decision: I submitted my deposit to Oxford today. I'm going to pursue the degree and then go to law school. I'd love to clerk for a judge while in law school, do some pro bono work (life isn't just about EBITDA and FCF), work in Big Law, and then become a professor one day. In any case, the general business acumen I've developed is helpful in life overall.

Moving these logos in PPT and updating the LBO/DCF is mind-numbing and not for me for the rest of my life.

Best of luck with everything!!!

 

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