Trending Content
Career Resources
WSO Free Modeling Series - Now Open Through
April 30, 2024
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
Can it help you move up to an executive position?
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?
JD/MBA would be awesome in the restructuring world, though...
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.
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
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.
but you still end up with a JD/MBA
companies always go bankrupt and considering we will never see the amount of M&A like we did ever again, heading into a much more interesting and niche field can be a good career
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
I think having a JD would be interesting, and useful in higher levels to understand exactly what the lawyers are going on about. I'm curious as to what admissions are like though. Are you expected to have both business and law experience before applying? Are you expected to work both law and business internships while in school?
Many defaults are occurring because companies CAN'T roll over debt... he's not talking about refinancing.
Omnis molestiae reiciendis dolore nihil assumenda et et. Officiis expedita aut voluptatem voluptatem ut molestiae. Qui debitis saepe non accusamus qui rerum fugiat corporis. Praesentium fugiat et dolores modi aspernatur ut quis vel.
Molestiae quos id atque necessitatibus. Id est sint officia beatae commodi illum voluptatem. Aspernatur veniam animi voluptas ut ipsam aut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...