« on: March 30, 2011, 05:59:25 AM »
However, I am not sure there is a huge demand for M.B.A's, Doctors, Nurses, Teachers, Cops, I honestly am not aware of any position that people are like man there are just not enough of these around.
This is off-topic, but I'm not sure what you're saying is true. Nurses? Doctors? They go to an academically rigorous course of study and there IS demand for them because the degrees aren't that easy to get, and the number of schools that can confer the degree is limited. Some nursing schools are difficult to gain admission to, and all MD and DO programs are difficult to gain entry to.
Teachers? Other than in inner cities, teaching jobs have been hard to get for the last 4 decades. The degrees are not hard to get, and the jobs are relatively attractive (to the right kind of people.) Lots of grads relative to the opportunities = hard time finding a job.
MBAs? I think there's a cautionary tale in there for JDs. Granted, JDs have two things that MBAs don't: the bar exam and ABA accreditation. MBAs have an equivalent accreditation: AACSB, but you can open up an MBA program without being AACSB accredited. I'd say about 1/4 to 1/3 of MBAs aren't. Ultimately, there are a few elite MBAs that will open doors. Unfortunately, the remainder are unremarkable and undistinguishable. Your AACSB accredited MBA from University of Texas at Arlington is not really that different than the non-aacsb program at University of Dallas in the minds of most people.
Plus, business is very different than law. Business has always been an area where A students work under C students because business success depends a lot more on intangible and interpersonal factors. For the most part, an MBA is more of a check-off degree. It doesn't do much for your career, other than lets you continue on the trajectory you're already on. A few business employers want to know your gpa. The vast, vast majority will never ask. Class rank is essentially a non-factor. 5 years into your career, nobody will ever care where your degrees came from. (Contrast to law where you carry your law school's name and class rank with you essentially throughout your entire career.)
Basically, when a degree becomes ubiquitous to the point that pretty much anybody who feels like getting one can get one (which is basically where the MBA is, now), it loses pretty much all its value.
Again, Law isn't EXACTLY like that, because of ABA and bar exams. However, it's a lot closer to being an MBA than being an MD.
I sincerely doubt that any med school grads are wondering if they'll be able to get jobs. Even nurses may not be able to get the exact jobs they want, but they can find jobs right now. In fact, they're finding jobs that pay as much as a lot of law jobs, and you can be an RN with an associate's degree.
With Law, my impression (non-expert, obviously) is that most reasonably bright people who want to go to law school can go. However, only SOME will be employed as attorneys, later. The weed-out process happens after graduation, not before. Contrast to med school where the weeding out happens pretty much before your first day of med school classes. If you get in, chances are you'll finish. If you finish, you'll get a job in the field.
With Law, if you get in, chances are you'll finish IF YOU WANT TO, but when you finish, if all you did was get the degree, without excelling in some way (by either going to a very distinguished school, or placing high in your less distinguished school), that's just not a guarantee of employment. In that way, the law degree is a heck of a lot like an MBA or teaching degree.