<p>I am not sure whether to go to business school or law school in the future...
I am more inclined towards writing and reading, although I am a bit apprehensive about law school as I've heard of all the horrific amount of reading that is required...
Furthermore I've also heard about the bleak job prospects for law school grads...</p>
<p>But I'm not sure about business school either...what is necessary to get into a good business school anyway...and what are the job prospects that follow?</p>
<p>The two are very different, and which one and whether, in fact, you attend should depend upon your interests and your intended career.</p>
<p>I too am interested in law school but as of now with the bad economy and everything I heard it has been difficult finding a job in some firms.</p>
<p>Do you think that the economy has left MBA candidtates unscathed when it comes to finding jobs? Sorry . . . that was obviously a rhetorical question.</p>
<p>In any case, if any current undergrads think the economy is still going to be bad when they finish law school, they're pretty severe pessimists indeed.</p>
<p>How? I have heard of tons of people losing jobs, demotions, salary cuts, and even an entire office closing down due to the economy. High gas prices, pretty much everything else has increased and I'm guessing competition might be more competitive.</p>
<p>You really think this recession is going to last five to seven years?</p>
<p>I would hardly call aznmatrix1869 pessimistic. Though no one knows how long this recession will last, it lasting more than five years isn't an inconceivable prospect by any means.</p>
<p>Aside from the fact that the current economic environment meets neither then informal (two or more consecutive quarters of negative real GDP growth) or the formal (post facto NBER certification of a contraction period) definitions of a recession, there has only been one recession of 5 or more years since the Civil War (65 months from 1873-1879). Heck, the Great Depression was an incredibly severe contraction period lasting a total of about 3.5 years.</p>
<p>The bulk of students now considering law school (typically those having graduated college no more than 3 years ago) have really had a nice time of things during their life. Sure, the concept of $5-$6 gas seems like a signal of potential bad times to come, but recent business cycles have been mild (no contraction periods, simply periods of reduced positive economic growth) and short-lived (3 of the past 4 contraction periods being less than a year).</p>
<p>Unless you believe something catastrophic is coming, the economy will likely have recovered sufficiently to make 1L summer job hunts nothing abnormally difficult. Thinking of how this cycle will effect job prospects at graduation is getting way ahead of yourselves.</p>
<p>Definitely something to consider.</p>
<p>Actually, the "bleak job prospects" you talk about for law school grads couldn't be further from the truth. My friend's dad is a founding partner of one of the top firms in RI and says that the big firms are starting to go all the way into the top 30% even from second-tier schools (i.e. Boston College and GWU). So if you can get into a top 30ish school and beat out 70% of your peers you won't have trouble finding a sweet job. </p>
<p>Of course, you don't necessarily need to choose between a JD and an MBA ...you could go the Ari Gold route and do a joint degree program.</p>
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How? I have heard of tons of people losing jobs, demotions, salary cuts, and even an entire office closing down
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<p>Like OMG! These things happen when the economy is good too. BTW, I know some people getting high paying jobs, fat bonuses, and huge lumps of cash due to exercising stock options. The economy must be GREAT! LoL</p>
<p>obviously this can happen when the economy is good too but now this is a growing problem because there is much more of it going on now</p>