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re: Masters in Finance, Law School, or MBA in 3-4 years?
Posted on 6/1/11 at 10:09 pm to kfizzle85
Posted on 6/1/11 at 10:09 pm to kfizzle85
That doesn't include Andy Carrero, one of their founders, who I believe was a Harvard grad. (He passed away a couple of years ago.) He was very well respected and thought of as one of the best, if not the best, corporate attorneys in the state.
You do get a number of corporate and securities attorneys who worked as IBs.
You do get a number of corporate and securities attorneys who worked as IBs.
1
Posted on 6/1/11 at 10:15 pm to BrandNew
And that, of course, makes complete sense to me. Its the ones that go in with no experience that I have trouble seeing how they could excel in that field. Part of that is just my personal skewed perception, as every one I know that went to law school just graduated in the past few years, and almost 100% of them (exception: girl who works for JW) had no prior work experience of any kind, much less anything that would lead you to believe they could handle complex financial issues.
Posted on 6/1/11 at 10:20 pm to rmc
Congrats, rmc. That's awesome. 
Posted on 6/1/11 at 10:27 pm to rmc
And more power to you for switching things up and pursuing a different field. My status has also changed since we last spoke. I just accepted a finance job and I'm very happy with that decision as opposed to practicing.
Posted on 6/1/11 at 10:31 pm to kfizzle85
quote:
And that, of course, makes complete sense to me. Its the ones that go in with no experience that I have trouble seeing how they could excel in that field. Part of that is just my personal skewed perception, as every one I know that went to law school just graduated in the past few years, and almost 100% of them (exception: girl who works for JW) had no prior work experience of any kind, much less anything that would lead you to believe they could handle complex financial issues.
It's all relative though. The majority of LSU undergrad finance grads couldn't handle complex financial issues either. Most people, especially at schools like LSU, aren't becoming experts in their respective fields during those four (or five
) years, to say the least. But it's amazing what people can learn once they really put their minds to it.Posted on 6/1/11 at 10:33 pm to rmc
quote:
I saw that a while back and meant to tell you good luck. I don't think you will regret not practicing. There are easier and less stressful ways to make money.
Appreciate that. Maybe law will present an opportunity on the back end. But knowing I won't be practicing now and looking back at my three years of law school, I wouldn't trade it for anything. The analytical skill set you pick up in law school has a whole host of applications.
Posted on 6/1/11 at 11:24 pm to BrandNew
quote:
Those are the unspecialized areas of IP law handled by litigation attorneys or patent attorneys. No specialization is required for those areas, in contrast to the niche/specialized field of patent law.
Generally I'd agree with you, although you can do patent litigation without a science/engineering background. And that's where the real money is anyway (as opposed to patent prosecution, which is pretty much commoditized at this point and will soon be the provence of outsourced labor in India).
Posted on 6/2/11 at 12:49 am to texastiger8
As someone with an undergrad degree in Finance and an MBA, IMO, the answer is a law degree, without question. 
Posted on 6/2/11 at 7:43 am to shel311
Why do you say that?
Posted on 6/2/11 at 8:25 am to LSUlunatic
The job market for MBAs is still awful.
Lsu had a 90+ placement rate in 2007. Not so much now.
Lsu had a 90+ placement rate in 2007. Not so much now.
Posted on 6/2/11 at 10:17 am to texastiger8
Go work somewhere, decide what you want to do, and then go back to school.
I graduated at 21, started working, and am going back for a masters in the fall.
I graduated at 21, started working, and am going back for a masters in the fall.
Posted on 6/2/11 at 11:15 am to BrandNew
I'm assuming your bachelors is in finance.
Posted on 6/2/11 at 11:50 am to texastiger8
Bail on law school.
Unless you can either pay for law school tuition in all cash, get a scholarship, or have relative to pay it is a terrible investment. But you probably already knew that if you were drawn to finance.
Unless you can either pay for law school tuition in all cash, get a scholarship, or have relative to pay it is a terrible investment. But you probably already knew that if you were drawn to finance.
Posted on 6/2/11 at 12:06 pm to BlackenedOut
What does equity bs debt have to do with the value of the degree?
Posted on 6/2/11 at 12:14 pm to TheHiddenFlask
quote:
TheHiddenFlask
Know an older lawyer who graduated law school in early 70s. He left law school with around $1500 in debt. Took him "maybe two years to pay that back." Couldn't understand why people needed any longer than that.
That amount might get you 2 credit hours today. The point is law schools are not well run or well regulated. They let in entirely too many students and charge whatever they can get away with. They do this because they can dangle a few 6 figure jobs over the heads of largely young, inexperienced people who say "I will get that job."
I'd have much rathered someone gave me an 80K loan and said, "here go start a company with this" than paying that amount for a law degree.
Posted on 6/2/11 at 12:46 pm to BlackenedOut
As far as I know, despite the market, all of the lawyers I know are doing just fine. Its just leverage. My biggest concern would not be the money, but the lack of ability to control what kind of law you do, given the market. Seems like people just take the best paying job they can (nothing wrong with that) and just try to adapt to the work/field and hope they like it.
Posted on 6/2/11 at 12:56 pm to BlackenedOut
quote:
Unless you can either pay for law school tuition in all cash, get a scholarship, or have relative to pay it is a terrible investment.
I cannot emphasize this enough. I know people out of Loyola with 200K+ in law school loans and no meaningful prospects. It is emphatically not worth it. To OP, I'd say if you can get into UT-A law school, which is nationally ranked, that's one thing. Anywhere else and you need to think twice.
And
to rmc. Posted on 6/2/11 at 1:06 pm to Cold Cous Cous
You guys are just trying to corner the market.
ETA: For the record, OP, I'm just kidding. Don't go to law school unless you're absolutely sure you want to do law and bust arse. The money angle is something to think about regardless of where you go. A MFin or MBA from Tulane is going to cost you 80K, and the same thing applies, you need to have an idea of what you want to do, or you'll end up disappointed with the outcome.
ETA: For the record, OP, I'm just kidding. Don't go to law school unless you're absolutely sure you want to do law and bust arse. The money angle is something to think about regardless of where you go. A MFin or MBA from Tulane is going to cost you 80K, and the same thing applies, you need to have an idea of what you want to do, or you'll end up disappointed with the outcome.
This post was edited on 6/2/11 at 1:09 pm
Posted on 6/2/11 at 1:09 pm to kfizzle85
quote:
You guys are just trying to corner the market.
There's truth to this. Lawyers are the most restrictive guild in America. The vast majority of lawyers want the ABA to start shutting down law schools because there are "too many lawyers," ie, too much competition.
Should add that I mean the vast majority of young attorneys. The older ones probably don't care because they're not competing with the new grads.
This post was edited on 6/2/11 at 1:16 pm
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