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Author Topic: 1 year later....still glad u went to law school?  (Read 130145 times)

Consideration

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Re: 1 year later....still glad u went to law school?
« Reply #170 on: March 09, 2007, 12:33:54 PM »
Root? Did you go to WVU?

norman

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Re: 1 year later....still glad u went to law school?
« Reply #171 on: April 24, 2007, 01:33:11 AM »

Let me enlighten you with regard to this MBA thing ... because it seems that you are pointing out what's wrong with law and a law degree, but have failed to address the huge issues a degree like an MBA presents ...

The MBA has much less value than a J.D. or M.D. degree, if it has any value at all.

For instance, top schools' admissions say that it does not really make sense to admit candidates without any work experience at all (as it is the rule for law/med schools) since after they graduate they get placed as if they had not graduated from the prestigious MBA program at all.

It is true that twenty - thirty years ago top schools took people right from college. But then, prompted by the market's demands, they developed a taste for those with some experience. Now, the pendulum's swung back a bit. Yet, the latter only results because the younger and less experienced students in a class give recruiters more flexibility. Today, many prospective MBA students leave jobs that only a few years ago would have been as suitable positions for MBA graduates. Getting back into the job market at a later stage may be a problem; younger students with less experience can be placed in a larger range of positions. What the latter means, in plain terms, is they get something like $50K instead of the customary $100K+ MBA grads get ... Now, if the MBA degree would really have any intrinsic value, would companies look down upon an inexperienced graduate and pay him much less than the experienced one?!

B-schools admission committees also say that they are reluctant to admit undergrads fresh out of college because some companies may look at their backgrounds as insufficient to justify the salaries MBAs usually get. Well, 25-year-olds fresh out of law school get $125K+ and no one says they're too young and inexperienced to earn that kind of money! You know what?! The thing is that more than half of consultants at McKinsey & Company do not have an MBA (if there is a job that ought to be connected to the MBA degree it is management consulting, which has typically been the destination for a large fraction of graduates, particularly from the elite programs). Only 40% of US CEOs have MBAs. Possessing an MBA neither guarantees business success nor prevents business failure.

Unlike other professions such as law, medicine, accounting, architecture, and some branches of engineering, the practice of business management is not restricted to people who possess a formal credential or certificate of training. Simply put, there are no barriers to entry into the profession. Consulting firms hire people without business degrees -- some of them lawyers, doctors, and philosophers. Obviously they provide some training to them, so that these individuals can go out and give advice to companies using business language and business knowledge. Many of the companies started or expanded relatively short, 3-week programs in which "new hires" learned the basics of business. These three-week programs help the "new hires" learn the vocabulary of corporate America ... it's a question of learning the jargon ... How did the hires without an MBA perform? They did no worse and, in some cases, better than their business school counterparts.

Do I really need to give any other examples to corroborate the claim that the value of an MBA is zero, zilch, nada?!


MBA graduates decry the degree as a joke, the biggest waste of time and money imaginable, a confidence game. No one disputes that an MBA from a highly prestigious school such as Harvard, Wharton, Chicago, or Stanford can lead to high pay, but that this is because those schools are so hard to get into (and so costly once you get there), and that only the best and brightest fast-trackers have a shot. In other words, they are people who most likely would have succeeded whether they went to B-school or not. Overall, the evidence suggests that for most managers a couple of years of extra work experience, not more time spent in classrooms, will pay off better than a graduate business degree.

removescripts

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Re: 1 year later....still glad u went to law school?
« Reply #172 on: April 24, 2007, 07:14:30 AM »

MBA graduates decry the degree as a joke, the biggest waste of time and money imaginable, a confidence game. No one disputes that an MBA from a highly prestigious school such as Harvard, Wharton, Chicago, or Stanford can lead to high pay, but that this is because those schools are so hard to get into (and so costly once you get there), and that only the best and brightest fast-trackers have a shot. In other words, they are people who most likely would have succeeded whether they went to B-school or not. Overall, the evidence suggests that for most managers a couple of years of extra work experience, not more time spent in classrooms, will pay off better than a graduate business degree.


norm an, if that's true how it is possible that hundreds and hundreds of smart men and women can't figure out that the value of an MBA is zero but instead choose to attend business school? Doesn't this fact mean that what you're saying it's not true?

mysickukcd

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Re: 1 year later....still glad u went to law school?
« Reply #173 on: April 24, 2007, 07:24:04 AM »

norm an, if that\'s true how it is possible that hundreds and hundreds of smart men and women can\'t figure out that the value of an MBA is zero but instead choose to attend business school? Doesn\'t this fact mean that what you\'re saying it\'s not true?


People keep returning to the Las Vegas casinos even though they always lose. Ditto for state lotteries.

GA-fan

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Re: 1 year later....still glad u went to law school?
« Reply #174 on: April 24, 2007, 07:42:17 AM »
Lol- this is true. I wouldn't go as far as your generalization that all MBAs are worthless. I'd say if it's not a well-reputed/recognized school it's worthless. Some of the dumbest and most inept people I know have been determined to get MBAs because they believe that's what is holding them back from upper management. It's a good fallback excuse for "I really don't have any business being a manager/consultant in the first place, but maybe this piece of paper from U of Phoenix will convince smarter hiring managers otherwise."

Back to the OP, I'm in finals of my 2nd semester right now, and aside from the fact I have a sinking feeling I will fail con law, I'm definitely glad I came.

vaplaugh

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Re: 1 year later....still glad u went to law school?
« Reply #175 on: April 24, 2007, 09:30:15 AM »
tag for later

lawchick09

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Re: 1 year later....still glad u went to law school?
« Reply #176 on: April 24, 2007, 12:59:26 PM »
hmmm. seeing as how it's finals time, I don't know that I could answer this totally unbiased. right now i wanna kill myself and wish i were in ANY other profession- i wouldn't mind taking a day off to flip friggin hamburgers, maybe then i'll appreciate my being in law school...so for now, no i'm not glad i went to law school. the year, while it's had its successes, has been filled with drama i thought i left back at HS, and just way too many stress-filled nights. all i can think about are the loans that are piling up and whether i'll be able to graduate with a job to pay them off. i'd probably be making more money if i skipped law school and just became a paralegal in nyc where most bank at least $70k/year. ah well. too late.

monthly minimum

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Re: 1 year later....still glad u went to law school?
« Reply #177 on: April 25, 2007, 05:53:46 AM »

nor man, if that's true how it is possible that hundreds and hundreds of smart men and women can't figure out that the value of an MBA is zero but instead choose to attend business school? Doesn't this fact mean that what you're saying it's not true?


Don't you know that insanity in individuals is something rare -- but in groups, parties, nations and epochs it is the rule? 

starter

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Re: 1 year later....still glad u went to law school?
« Reply #178 on: April 25, 2007, 07:09:29 AM »
2 years later...no I'm not glad I came to law school.  Worst economic move of my life.

galaw

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Re: 1 year later....still glad u went to law school?
« Reply #179 on: April 25, 2007, 07:57:44 AM »

MBA graduates decry the degree as a joke, the biggest waste of time and money imaginable, a confidence game. No one disputes that an MBA from a highly prestigious school such as Harvard, Wharton, Chicago, or Stanford can lead to high pay, but that this is because those schools are so hard to get into (and so costly once you get there), and that only the best and brightest fast-trackers have a shot. In other words, they are people who most likely would have succeeded whether they went to B-school or not. Overall, the evidence suggests that for most managers a couple of years of extra work experience, not more time spent in classrooms, will pay off better than a graduate business degree.


Lol- this is true. I wouldn\'t go as far as your generalization that all MBAs are worthless. I\'d say if it\'s not a well-reputed/recognized school it\'s worthless. Some of the dumbest and most inept people I know have been determined to get MBAs because they believe that\'s what is holding them back from upper management. It\'s a good fallback excuse for \"I really don\'t have any business being a manager/consultant in the first place, but maybe this piece of paper from U of Phoenix will convince smarter hiring managers otherwise.\"

Back to the OP, I\'m in finals of my 2nd semester right now, and aside from the fact I have a sinking feeling I will fail con law, I\'m definitely glad I came.


Read it closer, GA! The point of the post was just that: that even top b-schools are total bitches!