13 Comments
 

Can it help you move up to an executive position?

"Give me guys that are poor, smart, and hungry. And no feelings." - Michael Douglas as Gordon Gekko in "Wall Street"
 

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.

 
ptan54Except 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.

 

restructuring is not rolling over debt - doesn't matter if the loan is due in 2009 or 2050, if it defaults it defaults and it's dealt with ASAP

 
ptan54Except 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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