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re: ROI on Masters Programs

Posted on 7/24/14 at 10:09 pm to
Posted by Cajun Revolution
Member since Apr 2009
44671 posts
Posted on 7/24/14 at 10:09 pm to
Got a waiver. The law program is ranked 20th and MBA is 62nd, tied with LSU.

Like I said, half the classes are law, other half mba.

I never really checked other options. The program is really the only one like it in the country.
Posted by theGarnetWay
Washington, D.C.
Member since Mar 2010
25846 posts
Posted on 7/24/14 at 10:09 pm to
quote:

Hmm. I wonder if the old man Iona would have a spare bedroom to let.


Yeah I'd see if you knew anyone that lives in the DC area that might able to split it with you.


I wouldn't blame you for biting the cost of living alone though if you don't have any friends there.. I wouldn't gamble with a random roommate.

Although the program I got into has a FB page so all the students of the class can keep in contact, I know a lot of them are finding roommates that way. I'd check something like that out if it exist.
Posted by Cajun Revolution
Member since Apr 2009
44671 posts
Posted on 7/24/14 at 10:12 pm to
I have no desire to be a lawyer. My end game is to be Procurement Consultant and open my own shop for government and fortune 500 companies.

This seems like the best route.
Posted by Dr Rosenrosen
Member since May 2006
3332 posts
Posted on 7/24/14 at 10:14 pm to
Working and trying to handle a jd/mba at the same time could be tough.

If you can somehow keep the debt load under $125K or so, it could be a smart play.
Posted by DamnStrong1860
The Second City
Member since Oct 2012
3000 posts
Posted on 7/24/14 at 10:27 pm to
quote:

My end game is to be Procurement Consultant and open my own shop for government and fortune 500 companies.



Two questions:

1. Will the Georgetown program teach you how to do this?

2. Can you accomplish this with just an MBA or even just a BA?

I'm a lawyer and don't know a lot about procurement consultants but, based on a quick google search, it doesn't look like they type of career you need a JD and MBA for. When I interview potential lawyers who have graduate degrees other than JD's, I'm impressed but not wowed by it b/c those degrees typically have nothing to do with the practice of law. I'm thinking you're about to pay a lot of extra money for something that might not really help you accomplish your goal.
Posted by crimsonsaint
Member since Nov 2009
37243 posts
Posted on 7/24/14 at 10:27 pm to
As of right now all you have is a general studies degree?
Posted by Cajun Revolution
Member since Apr 2009
44671 posts
Posted on 7/24/14 at 10:29 pm to
And a bunch of awesome certifications!
Posted by Cajun Revolution
Member since Apr 2009
44671 posts
Posted on 7/24/14 at 10:30 pm to
Well it focuses on Federal Acquisitions and such. Big time if you work for defense contractor.
This post was edited on 7/24/14 at 10:31 pm
Posted by TH03
Mogadishu
Member since Dec 2008
171029 posts
Posted on 7/24/14 at 10:30 pm to
yea you'll wanna get a roommate or two up there.
Posted by zacata88
Member since Mar 2014
1682 posts
Posted on 7/24/14 at 10:32 pm to
This is what it ultimately boils down to:

A) You sincerely want to practice procurement law, professionally, for as far you can see into the future. In this case, GW is the way to go.

B) You think that procurement law offers enough financial security that you can be happy enough doing it long-term. In this case, you probably need to think it over once more, but GW is probably still the way to go.

C) You have a general studies degree, want something more lucrative, and want to leave Louisiana to live somewhere more exciting like DC. You've read a couple things about procurement law and it sounds okay. In this case, I would take a giant step back and rethink your plan. $60K, plus the cost of living in DC, is a huge amount of debt to take on if you're not fully certain that your heart is in this.

Posted by Cajun Revolution
Member since Apr 2009
44671 posts
Posted on 7/24/14 at 10:38 pm to
Procurement is my passion. I love it. What makes me good at it. I think the program brings a lot of value. It would help me make that next step to major consulting firm such as Bain.
Posted by tigercross
Member since Feb 2008
4918 posts
Posted on 7/25/14 at 8:23 am to
quote:

How could you get into a jd/mba program without taking the lsat or gmat?

GW is a borderline elite law school, but not an mba power. What are your other options?


It doesn't look like it is a JD/MBA program. Looks like a year long Master's program, i.e. not eligible to sit for the bar. But I could be wrong.
Posted by AngryBeavers
Member since Jun 2012
4554 posts
Posted on 7/25/14 at 8:25 am to
If you go into with a clear cut plan it will be worth it. The people with Masters making 50K get it and have no specific end goal in mind they are working toward from my experience.
Posted by I Love Bama
Alabama
Member since Nov 2007
37687 posts
Posted on 7/25/14 at 8:28 am to
quote:

Cajun Revolution


My MBA wasn't worth it but that has more to do with my career choice than the degree.

Seriously, congratulations. That is a great school. You'll be set up nicely after you finish up. Bust arse, make good grades and network your arse off.
Posted by Pettifogger
Capitol Hill Autonomous Zone
Member since Feb 2012
79032 posts
Posted on 7/25/14 at 9:13 am to
quote:

Do you actually want to practice law when you finish? If so, do you want to practice at a top tier ("Big law") firm? If so, I'd advise against it. Big firms for the most part do NOT interview students in these types of programs. However, if your next best option is a law school way down (or out of) the top 100, I guess why not?



I don't think it's a JD program
Posted by Pettifogger
Capitol Hill Autonomous Zone
Member since Feb 2012
79032 posts
Posted on 7/25/14 at 9:15 am to
quote:

Procurement is my passion. I love it. What makes me good at it. I think the program brings a lot of value. It would help me make that next step to major consulting firm such as Bain.



Do Bain/BCG/etc hire out of this program?
Posted by TxTiger82
Member since Sep 2004
33935 posts
Posted on 7/25/14 at 9:23 am to
A law degree from a top program is worth the cost. GWU will also yield connections in the DC area, if that is where you want to work and the network you want to be in.



Posted by TxTiger82
Member since Sep 2004
33935 posts
Posted on 7/25/14 at 9:28 am to
I will also add that with any graduate degree, you get out of it what you put into it.

You can go to all your classes, make good grades, and mind your own business and then you'll end up with a piece of paper that won't necessarily get you a job on its own.

On the other hand, you could get involved with your program, attend professional development and networking events, ask your professors about opportunities to become involved with their professional endeavors and public outreach programs, etc., and you will leave the same program with a bunch of tangible skills and connections that will get you a job.

This post was edited on 7/25/14 at 9:31 am
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 7/25/14 at 9:28 am to
None of this will matter if you don't value the networking this program provides you. Unless you've changed your viewpoint on networking, you won't get the full value.
Posted by Cajun Revolution
Member since Apr 2009
44671 posts
Posted on 7/25/14 at 9:29 am to
quote:

It doesn't look like it is a JD/MBA program. Looks like a year long Master's program, i.e. not eligible to sit for the bar. But I could be wrong.



You do not sit for the bar. It's taking the specialized procurement/contracts classes that other law students do, then half the MBA classes. It's only 36 credit hours.
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