« on: April 20, 2010, 04:48:58 PM »
Well I dropped out of law school and was enrolling in the MBA program, but when I asked the MBA admissions dean at my school for a guarantee that I would be paid 100k at graduation and get a sweet corner office she said she couldn't guarantee it? I guess if you get an M.B.A. you also have to look for a job at graduation and not everybody becomes a C.E.O right when they graduate and some even have a hard time finding a job so I hear.
Well although I am not in law school anymore, at least I have my B.A. and paralegal certificate and that at least guarantees me a job as a paralegal right? However, I seem to remember when I graduated with that two years ago it took me 2 months to find a job and the first one I got did not pay me 6 figures and they made me do actual work and some of the things they made me do I did nto enjoy, can you believe it! I remember at times feeling underpaid and sometimes like I would rather be doing something else than working. Can you believe that I actually had a job where I felt I was not making enough money and I didn't love every single second of it!?!?
I know everyone one that doesn't have a J.D. sits around saying how much they love their job and that they are making way to much money. I have never heard anyone other than lawyers complaint about their job, so at least I am glad I am going not down the J.D. path I would hate to risk feeling that I was underpaid and not getting amazing assignments all the time and having the flexibility to just say I don't want to deal with something that is inconvenient or god forbid not everything handed to me. Thank god for this great economy and employers handing out sweet, easy, and high-paying jobs to people as long as they don't get a J.D. I hear it is way to better drop out of school in about 8th grade work for McDonald's for a few years then show up and get a 6 figure salary.
Funny Guy, Bigs.
If I could, I would change the name of this thread to "Don't go into a lot of debt to go to law school right now"
You are right that a job is hardly ever "guaranteed," but law school is particularly risky right now. Some people will get a return on their investment, but the statistical likelihood is a lot lower now than it was three or four years ago. One medium/large firm in my region extended full-time offers to all of it's six summer associates in 2008. In 2009 they only offered one a job, and this year they are only taking on two summer associates and the firm informed them that an offer after graduation was unlikely.
That's just one example, but I hear stories like that all the time.
An MBA is a totally different story. In some fields, an M.B.A. isn't much more valuable than a Business Bachelors Degree. But there is a huge difference between a JD and an MBA: An MBA really only takes a year, and tuition at a bottom-level school is usually very low in comparison. I know of one quality university that offers an MBA for 12,000. (Three trimesters, one year, 40 Credits) The cheapest law schools charge 12,000 (in-state) each year for three years. So if you are going to compare a JD to an MBA you have to take into account the fact that the JD costs at least three times as much. Some people spend 90-120k on law school tuition. I don't know of any MBA program that even comes close to that.
I made the decision to go to my law school based on the information that over 90% of the students had jobs within 9 months after graduation, and 55% of graduates found jobs at law firms. I assumed that if I could get in the top third or quarter of my class, then I would be able to get a job in a law firm. I'm working in the public sector now, and most of the firms respond to my resume with: "A resume like yours would have gotten you a pretty good job three years ago."
Your risk analysis has to be a lot different now, and that's what I'm trying to tell 0Ls.