<p>I've read the previous postings on the law and business forums about the costs and benefits of JD/MBA programs, but most of the discussions are about practical issues, such as how an MBA can help with a corporate law career. I'm interested in getting parents' views about getting a JD for personal reasons. </p>
<p>I've already been admitted to a top 10 MBA program and am on deferral for a year. (Yes, I know that's very unusual, but I had some special circumstances in my case and was lucky enough to be one of the few to get a deferral.) I am considering applying for a JD from the same school to do a JD/MBA combo. I'm currently studying for the December LSAT and have a high GPA. I can apply this year or next year and still be able to do the combined program in 4 years.</p>
<p>I've read a lot about JD/MBAs and can't see much of a professional rationale for attending both schools. Therefore, my reasons are entirely personal. </p>
<p>I've wanted to go to law school since I was a kid. I love to read, write, and research. Many of the people I admire are law professors and I have taken classes at the law school during undergrad through cross-enrollment. I enjoy philosophy and public policy and may want to pursue a career in policy or academia in the future. I've read the bios of many lawyers who are now in "alternative" fields and really like the paths they've taken. Basically, I want to fulfill a dream of going to law school and keep my options open as far as future policy and academic careers.</p>
<p>I know that I don't want to be a conventional private practice lawyer. I've read many articles about the general unhappiness in the legal field and know that the corporate life is not for me. I'm fairly bohemian in style and don't want the fancy car, house, etc. However, I come from a lower socioeconomic background and want a comfortable life and to feel that I have some economic security and professional respect. I also really like to work hard, so the extra effort involved in getting a JD would not be a drawback. I don't have any family commitments that would keep me from spending the extra two years. I'm in my mid- to late-20s and don't anticipate having a family in the near future.</p>
<p>I know that the debt levels would be high, but I live very frugally and anticipate getting a high-powered job for a few years after the MBA anyway to pay off my debts anyway. I am also expecting an inheritance (complicated story) in the next 5 - 10 years of about $120k. Of course, I could spend that inheritance on other things, such as a house, starting a business, or just taking time off, so fulfilling the dream of a JD would mean that I would basically spend the entire inheritance on this one thing. </p>
<p>The JD would be for personal satisfaction and also for future career possibilities down the line.</p>
<p>What do you think? What would you do? What kind of questions should I be asking?</p>