MBA or law degree?

Hey all,

Coming from Australia where comm/law is the norm among bankers, do you think this would still require an MBA to move up in PE? Does the law degree provide enough credibility?

I think the skillset of law is much more useful than the coursework of an MBA. If an MBA is required anyway then it would shave off 2 years to not complete the law.

Any insights?

Comments (14)

 
Aug 27, 2019 - 8:32pm

Hey Oligarch92, sorry about the delay, but are any of these useful:

  • What's the use of going to a top b-school if you can get the same opportunities from a lower tier b-school? You can get the same from M7 and maybe the numbers are a little higher than these T15 schools but, and ... question is why do people stress more on M7 even though no one cares where you got an MBA 2 years out? ... There are some areas such as PE and IM where M7 outperform other schools but even at M7 as a qualified ...
  • How do T10 B-schools view law school grades? b-school. I took the GMAT, in preparation to try and go to the JD/ MBA program for my school but exceeded my ... Hi I'm a first year in law school, I had really poor undergrad grades, but I will most likely ... have pretty good law school grades. Straight out of undergrad. My first semester was strong(3.7ish) and ...
  • Another Take on Target Schools: Representation at America's Elite B-Schools college is to see how many alums end up at elite business schools (M7) since it goes to follow that in ... College: 5 Colby College: 5 Bates: 4 BYU: 3 Haverford: 3 UNC: 3 college business school prestige ... People discuss target schools and rankings all the time but usually people just toss out anecdotes ...
  • The perception of these b-schools to employers, job prospects, and college decisions Now that I have heard back from the business schools I applied to for undergrad I am attempting to ... and I was wondering the prospects for me in I-banking and accounting coming out of these schools. And ... I was wondering what the employer perspective on each of these schools is and if the loans are worth the ...
  • Undergrad B-School Bonanza: Tulane v. UT Austin v. Boston University of America, Ernst and Young or JP Morgan for two years then go back to school and get my MBA /JD and ... Hey Guys, Recently I have been accepted to the McCombs School of Business at UT Austin, the ... Freeman School of Business at Tulane University, and the School of Management at Boston University. ...
  • Best B-School for Dallas? and/or an MBA. For funds and AM in Dallas, where do they recruit from? Still primarily M7 or do regional ...
  • MBA Consulting Preferences at B-school you guys noticed at your school? business school mba ... business schools. For example, at my school (top 15 on west coast) and when talking to one of my friends on ... Hey everyone, With MBA internship recruiting over, I am curious to see if anybody noticed any ...
  • Most Important Factor in B-School Admissions? considering an MBA as the next step after I finish my current degree. I was wondering what is the most ... I am current studying International Relations at a high level university doing a masters degree ... important aspects of an MBA applicants package for top programs? Is it undergrad grades, GMAT, SOP, work ...
  • More suggestions...

Fingers crossed that one of those helps you.

 
Aug 30, 2019 - 7:22pm

Depends, are you willing to move out of Australia if you get a good offer. Coming to mind, Paul Singer reminds me of the best lawyer who manages a hedge fund. An M.B.A with experiences will talk about your previous experience and talk about different, various case study. It really depends what you want to do in future and what your end goal is.

P.S Just an assumption you are living in Australia and I can be completely wrong.

"It's okay, I'll see you on the other side"
  • 1
 
Aug 30, 2019 - 8:36pm

Funx2192:

Depends, are you willing to move out of Australia if you get a good offer. Coming to mind, Paul Singer reminds me of the best lawyer who manages a hedge fund. An M.B.A with experiences will talk about your previous experience and talk about different, various case study. It really depends what you want to do in future and what your end goal is.

P.S Just an assumption you are living in Australia and I can be completely wrong.

Lots of the distressed guys have JDs as well - Oaktree, Avenue, and Crescent all have some pretty heavy hitters with JDs.

Array
 
Aug 30, 2019 - 7:25pm

steve irwin

What concert costs 45 cents? 50 Cent feat. Nickelback.

 
Most Helpful
Aug 30, 2019 - 7:27pm

R.I.P Steve Irwin, I can't even imagine getting stung by a manta ray. He has great children who will carry on his passion.

"It's okay, I'll see you on the other side"
  • 2
 
Aug 30, 2019 - 8:33pm

Lawyer here who is working in PE right now.

Gating question is do you currently have PE experience and do you see yourself starting out of grad school in the US or elsewhere?

Default answer here is MBA, but law is doable with the right background (lots of doors will be still closed).

Array
  • 1
 
Aug 30, 2019 - 10:21pm
  1. MBA from Australian universities don't hold much weight compared to Wharton/Harvard/ Stanford MBAs, so thinking that law is good Australia option

  2. Undergrad with some corporate advisory experience, deciding whether to drop the law degree and graduate with commerce because instead of spending 2 years on law, I could spend 2 years on MBA down the track

  3. Also I'm tilted towards investing areas that require legal knowledge (distressed sovereign, distressed PE, merger arb arguably)

 
Sep 5, 2019 - 2:15pm

I think the question then should be will you be employed in a career that would get you PE with just the commerce degree?

Are you at an AUS target? You can use the extra time to intern etc.

Array
Start Discussion

Total Avg Compensation

January 2021 Private Equity

  • Principal (6) $693
  • Director/MD (15) $627
  • Vice President (58) $366
  • 3rd+ Year Associate (60) $272
  • 2nd Year Associate (116) $246
  • 1st Year Associate (250) $224
  • 3rd+ Year Analyst (23) $162
  • 2nd Year Analyst (57) $138
  • 1st Year Analyst (163) $119
  • Intern/Summer Associate (18) $71
  • Intern/Summer Analyst (178) $59

Leaderboard See all

1
LonLonMilk's picture
LonLonMilk
98.5
2
Jamoldo's picture
Jamoldo
98.4
3
Secyh62's picture
Secyh62
98.3
4
CompBanker's picture
CompBanker
97.9
5
redever's picture
redever
97.7
6
frgna's picture
frgna
97.6
7
Edifice's picture
Edifice
97.5
8
NuckFuts's picture
NuckFuts
97.5
9
Addinator's picture
Addinator
97.5
10
bolo up's picture
bolo up
97.5