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Rising up the ladder: law or finance?

Discussion in 'Business, Careers & Education' started by makker, Oct 29, 2010.

  1. makker

    makker Senior member

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    What do you fellow SFers think which one is a better degree to have when talking about career opportunities. I have a passion for both, but I feel like for a degree I can only choose one.

    When talking about law here, I mean in the context of corporate law. It is for certain that with both degrees you can get a job at a top investment bank / consulting agency, just different roles. However, when aiming for the biggest bucks, which one pays off more?
     
  2. deaddog

    deaddog Senior member

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    Not as rosy as you apparently think, at least WRT a JD. Check out this article (as well as countless others you can find via Google)
    http://www.slate.com/id/2272621/
     
  3. illegalcheeser

    illegalcheeser Well-Known Member

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    Definitely not law. Speaking as someone who even got a BIGLAW job (rare enough)
     
  4. imschatz

    imschatz Senior member

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    What do you fellow SFers think which one is a better degree to have when talking about career opportunities. I have a passion for both, but I feel like for a degree I can only choose one.

    When talking about law here, I mean in the context of corporate law. It is for certain that with both degrees you can get a job at a top investment bank / consulting agency, just different roles. However, when aiming for the biggest bucks, which one pays off more?

    I don't care who you are .. but that statement is pure bullshit. No way is a job "for certain" after completing a program. Keep that attitude and you'll be one of the sore losers asking your university for your money back.
     
  5. unjung

    unjung Senior member

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    The beach
    I have a passion for neither, but I have heard that these are the best ways to acquire currency.
    FTFY.
     
  6. CDFS

    CDFS Senior member

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    Don't be a pussy, study both.
     
  7. makker

    makker Senior member

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    Of course one could study both, but the amount of study years your taking up from potential working years is just immense.

    As a European, completing a masters degree in law/finance is the generic 4 years. Then if you want an MBA (of course not necessary but may work as a salary booster) its plus 2 years. On the other hand, if you major in finance and have an MBA, thats 6 years spent on the school bench and then another 3 years for a J.D.
     
  8. mrhills0146

    mrhills0146 Well-Known Member

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    ...It is for certain that with both degrees you can get a job at a top investment bank / consulting agency, just different roles. However, when aiming for the biggest bucks, which one pays off more?

    Really????

    Sounds like someone has a lot to learn!!!!
     
  9. makker

    makker Senior member

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    It IS entirely possible. Unless of course you come from some middle-of-nowhere school, chances are you will not get far in your career anyway.

    Or is someone telling me a B.Sc in finance from Wharton (with a good GPA of course) will not grant them a job at an investment bank?
     
  10. IUtoSLU

    IUtoSLU Senior member

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    These threads make me depressed.
     
  11. maverick

    maverick Senior member

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    I think anyone would say a "finance" career can pay more than a law career. But depends specifically what you mean.
     
  12. intent

    intent Senior member

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    Finance. You can pretend to be a BIG TIMER and build yourself up that way. See Madoff, etc.

    In law it's pretty obvious when you suck.
     
  13. IUtoSLU

    IUtoSLU Senior member

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    Oh, the insightful comments of college sophmores.

    [​IMG]
     
  14. Flambeur

    Flambeur Senior member

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    It IS entirely possible. Unless of course you come from some middle-of-nowhere school, chances are you will not get far in your career anyway. Or is someone telling me a B.Sc in finance from Wharton (with a good GPA of course) will not grant them a job at an investment bank?
    [​IMG] a. There is no such thing as a BSc in FINANCE from Wharton. b. Even if you could graduate from there with a decent GPA, it would not guarantee you a job at an investment bank. There are other factors here. c. If you think that getting into an investment bank as an analyst would guarantee you a career in IB, you're sadly mistaken
     
  15. crazyquik

    crazyquik Senior member

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    I can't really give good advice to a European.

    But for an American; both suck, kill yourself now.

    With that said, an accounting undergrad degree (+ maybe the masters) and a J.D. is nothing to sneeze at. As horrible as the legal market is (and will continue to be, due to systemic shifts in the industry), having both "C.P.A." and "J.D." after your name helps a lot.

    Or, I suppose, accounting and an MBA with a finance concentration.
     
  16. dragon8

    dragon8 Senior member

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    What do you fellow SFers think which one is a better degree to have when talking about career opportunities. I have a passion for both, but I feel like for a degree I can only choose one.

    When talking about law here, I mean in the context of corporate law. It is for certain that with both degrees you can get a job at a top investment bank / consulting agency, just different roles. However, when aiming for the biggest bucks, which one pays off more?


    A Harvard MBA and a JD will let you accomplish those goals.
     
  17. Svenn

    Svenn Senior member

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    Oct 15, 2008
    It is for certain that with both degrees you can get a job at a top investment bank / consulting agency, just different roles. However, when aiming for the biggest bucks, which one pays off more?

    from my limited experience, prospects in the legal field are indeed bleak for the first few years out of law school... but I think eventually, especially as the baby boomer generation retires (which they're taking forever to do btw), there's going to be a lot of new opportunities. In the county I'm in for example, there's all sorts of positions in the public sphere (judge, prosecutor, defense) that are almost entirely filled by guys in their 50's/60's. I realize you were thinking more of working in a big firm though, which could be entirely different. You hear a lot of JD's complaining the first couple years out, but I don't think I've ever heard from any who, 5 or 10 years after passing the bar, were still scrounging around looking for peanuts; they all end up finding something.
     
  18. teddieriley

    teddieriley Senior member

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    Wait, you smell that?
    I'm not particularly good at math or using Excel. Can I get into finance and make lots o' money?
     
  19. calisanfran

    calisanfran Senior member

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    I'm not particularly good at math or using Excel. Can I get into finance and make lots o' money?

    If you have lots o' money already, then yes.
     
  20. IUtoSLU

    IUtoSLU Senior member

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    I'm not particularly good at math or using Excel. Can I get into finance and make lots o' money?

    Only if you finish at the top of your class at Wharton or Harvard. Otherwise, please kill yourself.
     

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