Investment Banking v. Law

<p>What kinds of traits are attributed to each of these career fields?</p>

<p>Law: prestigious, high pay, intellectual, lots of debt from law school</p>

<p>Investment banking: crazy hours, crazily high pay in good years, absolute obedience expected of analysts and associates (not raising an eyebrow when asked to pull consecutive all-nighters), repetitive work at entry levels</p>

<p>Very high burn-out rate for both Ibanking and Corporate Law.</p>

<p>Law:
Horrible average salary (70k/yr), 50% of people with law degrees are unable to find legal work of any kind, massive debt, huge loan default rates and lots of people begging for employment as assistant district attorneys for $30k/yr</p>

<p>Banking: absolutely none of the above… though there’s a whole different standard to be an investment banker (ie. you generally have to be smart)</p>

<p>Lol it’s funny. It seems like the pro’s for each are amazing but the cons for each are horrible.</p>

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<p>Basically, only a small percentage of those who graduate from law school get plum 100k+ legal jobs. The others earn very low salaries, especially when taking into account their debt burden. Also what school you go to heavily influences where you’re likely to end up. The top 10 or so schools have good placement.</p>

<p>So if I go a law school like UT Austin will I find a good job after I graduate?? I hear they have a really good law school</p>