Is an MBA/JD worth it?
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- เผยแพร่เมื่อ 27 ก.ย. 2024
- Today, Peter Tragos & Pete Sartes discuss if the MBA/JD program is worth the stress. Peter Tragos went the JD route, but Pete Sartes did both, at the same time & in only 3 years.
Have more questions about the program? Leave us a comment below.
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• Is an MBA/JD worth it?
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Great video. People who didn't even go to law school love to discourage the JD-MBA. Very informative video from actual attorneys.
Most business/management roles you can learn on the job. Think about it, plenty of JD partners running law firms without MBAs. With a JD, you learn the research and thinking skills needed to simply learn how the business works. If you are passionate about corporate law and business law, a JD alone will suffice. You wouldn't really be impressing anybody with that MBA.
@@RajKumar-sj2eo That makes sense, but would JD/MBA even be an option if the MBA wasn't needed.
Timely upload! Glad you guys brought up the "Executive" MBA path should you require it later on. Lots of actionable advice here!
Thanks, glad you enjoyed.
The 3-year and 4-year JDMBA are paying the same tuition, for schools have both options. The per-unit price of 3-year is higher.
But there's the opportunity cost of spending four years in school when you could be working
@@VeryAwesomeStuff A lawyer does not need an MBA to move ahead in law firm. He just needs some electives in basic accounting, corporate finance and restructuring.
I worked in private equity and a JDMBA is not needed. We need business or legal dudes with 5+ years experience in respective fields. So a JDMBA with 10 years of EITHER business OR legal experience is at par with a MBA counterpart. Thus, in finance field, the little legal experience cannot compensated with a JD.
The only occupuations benefit from legal and law concurrent degree is general managers or founding members of fintech, financial institution or healthcare enterprises. However, given the lower capital and time commitment of master of legal studies (MLS) degree, I doubt the value of JD when working in business. The 1L curriculum of JD is geared towards a lawyer, and superfluous for a business person. In short, I would spend 2 years on MBA or MBA/data science dual degree, plus 1 years of MLS, but not a 3-year JDMBA program.
There is a big cut in business content for JDMBA, compared to a single MBA. The normal MBA spans 4 semesters, but a 7-semester JDMBA (6 semesters plus 1 summer session) has 4.5 to 5 semesters in law and 2 to 2.5 semesters in business. Take private equity as an example, the field emcompasses accouting, corporate finance, operations, industry-specific strategy and human capital. I sincerely doubt if one will have enough time to polish all these in 2.5 semesters. While many derides the business training in school, my lack of formal training in strategy and human capital does bring me hard times as a private equity worker.
All in all, no JDMBA for a lawyer, and MBA + MLS for businessmen in regulated industries.
I say it depends how young you are lol. If you are still in your early to mid 20s go for it. You still have lots of time to work and on average will not likely have huge responsibilities like families, mortgages, etc. if you’re in your 30s it makes no sense tbh. You probably have enough work experience to equal and mba so you should only go if you truly want to be a lawyer.
I watch much of the trial coverage now, but I am actually going to law school this year!
I'm also considering the MBA/JD program. Thanks for the great info!
This is direct and makes sense. Most other videos I’ve seen babble and talk around major points
Can you make a video on your guys credentials when applying to law school and which schools you got accepted to.
I'm currently a 1L looking into investment banking. I want to complete my JD, but I have been encouraged to "just drop out" if I'm not focused on law. Is this true? I feel that the JD will offer an advantage, as you said in the video.
Good video, but given that these guys are not corporate lawyers I feel like their perspectives are limited. I feel like most JD/MBAs nowadays that want to pursue law aren’t looking to do PI or criminal defense, but rather M&A, corporate litigation, securities, etc.
Thank you for this informative video. I am currently the Director of Human Resources of a hotel with three different unions at age 23. Each of them has their respective collective bargaining agreement with the hotels in the area and I find myself constantly having to deal with grievances from the unions in which they resort to things like past practice and their interpretation of different parts of the CBA, the company’s policies and employee handbook.
I have always been very business oriented. I am constantly reading business books and I have never been interested in law but since I started in this job I have come to realize how important it is in business relationships. I have always planned to get an MBA at some point. I would like to work in Private Equity/ Venture Capital one day and for now I am just trying to build work experience before I pursue my MBA. Do you think pursuing the joint degree would be beneficial in my case?. As a side note I would like to add that I am from Spain and I am working for a spanish hotel chain that has several properties throughout the US.
Thank you for your help in advance!
I’m over 30. I waited to get work experience and that just slows you down. If you know you wanna go… start part-time and you’ll still finish before you turn 30
Hi which Canadian law schools accept GRE rather than LSAT?
I am a international student do you think JD/MBA program is STEM Designated on the MBA side OPT for extension of work visa?
It is.
...how about MD/JD???
That wouldn’t work 😂 basically impossible
Wow would you be interested in medical malpractice cases by representing individuals or a healthcare system? OR would you work as a compliance officer for a healthcare system? I guess I’m just curious how the two would be merged?
@Lastdayone I'm not sure how most are employed, but I suspect even in typical medical practice the JD would be incredibly useful. Med school doesn't really teach physicians to run a practice and stuff.
Jessica Smith
Thank you for the video. I’m a registered nurse and I don’t really want to advance my nursing career. I opened my first business that unfortunately I had to close. I’m in a dilemma because I want to advance my education and I found a passion on advocating and business. Any benefits to do Law school/ MBA? Do I have an advantage in healthcare law?
Look into Wharton mba with a specific major in health care management. Hope this helps!
#Law
Hello can I connect with you on Instagram v
Good podcast. So if you're planning on going into transactional law (business law or corporate law) where you are working with clients as opposed to being in court, would a JD MBA program help or would getting an executive MBA later on be better. Also if you plan to be an in house lawyer for a company or a partner at a firm which one is better?
I think an MBA is much more valuable for transactional lawyers and “in house counsel”.
@@LawyerYouKnow idk man most business/management roles you can learn on the job. Think about it, plenty of JD partners running law firms without MBAs. With a JD, you learn the research and thinking skills needed to simply learn how the business works. If you are passionate about corporate law and business law, a JD alone will suffice. You wouldn't really be impressing anybody with that MBA
I got a Poli sci degree but I don’t want to practice law. I want to have the freedom of both law and business. But I am more interested in business and or being a politician. I don’t like that law is not versatile and I will not be useful in much besides law. But growing in corporate is extremely difficult. As well as start money is higher in law.
Law is very versatile poli sci undergraduate just isn’t. I’d say apply to an mba program
Great video… have an upgrade in Bussiness. Med. School next for Radiation Oncology…. When I retire my medical career it will be a degree in piano performance…. Maybe…😊😊😊
Would the JD/MBA track be helpful for someone pursuing a career in healthcare management?
Having a legal background can help in so many jobs other than becoming a practicing attorney.
@@LawyerYouKnow thanks for the advice, Im hoping this program helps with my marketability and job placement but I’m still researching different programs and schools that offer the JD/MBA program.
Thanks for the question and the reply....I actually had the same question!
@jared8670 Hi! Following up on this- did you pursue the JD/MBA in respect to healthcare management?
There are MHA programs. They are typically who hospitals want to hire in administration
Bear route seems to be:
Bachelors Degree
Masters Degree
Law Degree
Thank you for sharing relavent information for my new chapter in life
I really appreciate this video! Thank you.
If you already have a business degree, the law degree is enough.