Alternative Route: Law?
Hey folks,
I am crrently wondering - since after reading on here for a while and realizing that I am very badly positioned to get into any position right now -
whether the following routes will in some way increase my chance for a later carreer in IBD or PE....
I am graduating in 3 months as an MA in economics. My Gpa is 3.3.
Problem is I have no work experience in that field. Namely, since in the program I was in you did not need to reapply for your graduate program, but where admitted on a fail basis,
I didn't care about grades in my first university years and really did a lot of private research and reading.
After finishing my undergrad degree, I was getting more into working on my grades, but the miserable undergrad degree - along with some douche bag HS degree from Germany (a C average..I had 5.0 average during mid-term at an exchange program to the US..but when I returned I basically was a douchebag harassing my teachers and spending time on money making with programming or throwing parties)...
So, awith these results it was ridiculous to even consider applying for internships in the IB area. And now as I am graduating, I am like a total nerd with no working experience.
I have been studying math besides, but am far from finishing, which is why I consider a law degree (it kind of fits my interest in international relations and my interst in politics)....
I suspect, law being a 4 year degree, that I will finish law and math in 4-5 years then.
However, I don't want to be in the same position so the question is:
do you think that still being a student, and having one degree in economics, it will be easier for me to get any internships?
Or would you recommend forgetting about the second degree for a while, hustle to get some low-profile internships and then retry later on with some BBs before goign back to unversity.
Thanks for your opinions.
NO RUN AWAY
Lawyers are starving right now. Don't do it!
I don't want to become a lawyer. Just an economist or banking guy with a strong background in legal. And I somehow know more people in that industry.... don't ask me why, I dont know.
Get a masters in economics or a PhD. Law is 3 years, unfunded. It kicks your ass and it is harder to be a top lawyer than a top bankers.
PhD is 4 years out of UG, funded and you get a stipend. You can be a teacher, researcher, economist, quant, etc.
Oh - then do Vanderbuilts' program in Econ/Law.
Lol.... I won't go to a US university. In Germany you pay 1000 tuition each year and in my city, which is comparably expensive, another 4 grand a year living expenses and housing, books, parties, etc.At least if you keep it low. So if I walk half time for half a year, I am already paying for everything. Instead of paying 50 grad a year.. ;)
But yeah, a PhD is also an alternative. Since I do well with my profs, it will be fairly easy. But somehow I find it dissatisfying. I always wanted to go for an academic position, but this publish or perish mentality is really boring.
If you have some money to back you up and you can pay for yourself and leave university any time it's great to do research. Teaching is also okay. But having to publish 20 shitty papers a year is just a distraction from good original research.
I wouldn't be here on this site if I wasn't trying to avoid a PhD.
Oh, and I have a masters already. As I mentioned. ^^
My undergrad GPA was 1.5. ;)
Publish is the same thing as research and once you get the PhD you can leave and do whatever. You only need to publish if you want to be tenured. Either way, do what makes you happy. I think it is a decent alternative to law though.
Yes, but it is research on boring things.
if you worked in economic research, you would know how frustratingly boring the orthodoxy is. And all mayor PhD programs are orthodox. And all non-orthodox programs don't offer structured PhD Programs here, so you need to work on one thesis for 3 years, insteady of writing articles. And this gets even more boring, since most positions are being funded by some EU institution that wants you to analyze some very exotic and irrelevant question they don't want to pay their researchers for.
Law seems more fun. But I have to admit it's hard.
You sound like you've convinced yourself, so do law.
My point was not whether I should study law or not. I want to know if I could get more practical exposure this way or if people would still treat me as a graduate with no work experience, now even to lazy to get at least a decent job.
Do the PhD if you like the field, but don't do it just to mark time. It will be unremitting hell in every sense of the term.
Law eats shit for anyone looking for global opps. Masters degrees also emphasize different aspects of a discipline depending on where you get yours. If you're looking to stick with Germany go with what interests you the most. If you want more opportunity, a PhD will do a lot better job of opening doors for you, locally and globally.
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