<p>a friend told me the kellog program iis only 3 years. i just want some input re the quality of the same and exit options, esp. for a person consider i-banking or PE. the law school is much lower ranked than the trinity...would saving one year be worth the trade off?</p>
<p>also, wondering what would differentiate i-banking work experience for bus school purposes (ie. deal flow, deal size, group placement, name of firm--third year with the firm and/or promotion to associate vs. 2 years in i-banking and 2 years w. private equite or hedge fund). i got lucky (being from a non-targeted school and all) and got 3 offers from the bulge bracket, ib divisions; one is with and M&A group, the other two would be with industry groups--possibly with emerging markets, m&as. </p>
<p>Just looking for some neutral, solid, CC advice ;)</p>
<p>It is also nice because you only need a GMAT and no LSAT.</p>
<p>The cons are that only 25 students each year are admitted and there are only about 50 students in the combined jd/mba program.</p>
<p>My friend is in IB and has recently left for a real estate investment firm run by former Ibankers. If he does go to through this route, NU is one of his top choices.</p>
<p>Personally, I would say that if you already know you want to do IB, frankly, don't get a JD/MBA. It would not be a good return on your time or your money. Just get an MBA. Having a JD/MBA is not going to make you significantly more competitive for an IB job than just having an MBA, and certainly not by enough to justify the extra effort and money involved.</p>
<p>even if it's only 3 years? the kellogg program is particularly attractive since it allows you to get two degrees from a top school, and gives you two summers so that one can experience each field.</p>
<p>does cravath or wachtell recruit at NU? lol</p>
<p>Probably not as those two firms are known for their elitism when it comes to recruitment. If you look at Wachtell's attorney list, 90% are from top 5 law schools.</p>
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even if it's only 3 years? the kellogg program is particularly attractive since it allows you to get two degrees from a top school, and gives you two summers so that one can experience each field.
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<p>Yeah, even if it's only 3 years. Like I said, the truth of the matter is, employers don't really care if you have multiple degrees. If you know you're going for Ibanking, having a law degree (in addition to your MBA) is not going to help you much. You're going to be judged on the same scale as your competitors who will have just the MBA. In fact, you might actually be worse off, because your MBA competitors will have had more time to be doing recruiting and practicing for interviews, while you had to cram in law school requirements. I've seen plenty of people with dual degrees lose out on the job they wanted to others who had just the single degree. Honestly, what's so good about getting multiple degrees if you don't get the job you want? </p>
<p>The advantage (such as it is) is something you alluded to, as it allows you to hedge your bets. With a JD/MBA, you have the flexibility to work as a lawyer or as a general businessman right out of school. So that is an advantage. But I think it is a rather small advantage. Nowadays, lawyers can get business jobs anyway, even if they don't have a law degree. My friend's brother graduated from Michigan Law (but no MBA), clerked for a few years, and then jumped to investment banking with JP Morgan. Former Secretary of the Treasury Robert Rubin worked as a lawyer for a couple of years after Yale Law, and then jumped to Goldman Sachs. Jeff Kindler, CEO of Pfizer (largest pharmaceutical company in the world) has a Harvard law degree, but no MBA. None of these guys seemed to be hurt much by not having the MBA. Like I said, having a dual-degree doesn't seem to give you that much advantage over having just the single degree. Plenty of people do just fine with just the single degree.</p>
<p>I've actually been admitted to both the NU JD/MBA program and Wharton's 2-year MBA. Still working through my decision. However, I'm strongly leaning toward Wharton since I don't want to be a lawyer and know what I want to do in business, so would mainly be seeking the JD because I have a long-standing academic interest...which is probably crazy given the expense. </p>
<p>I do have significant business experience - currently a senior corporate bond research analyst at a BB firm...been here for 4.5 years (straight out of college) and got promoted ridiculously early to a senior position back in the summer. Unfortunately, despite the career progression and compensation, this isn't what I want to do. I am shooting for either an investment management position or project finance role, with either consisting of a focus on emerging markets. I could make the lateral switch to IM right now if I wanted, but I still think the long-term benefits of an MBA are significant, particularly with a school like Wharton. The advantage of the NU program would be to augment my already considerable finance experience with something a bit different. But given my income ($300K+), I don't think I can justify the additional year at this point just to indulge a largely academic interest. Not to mention, I can afford to pay two years at Wharton with cash, but would need some debt for the NU degree. This wouldn't be a big deal if I felt like I would get paid more for having the JD.</p>
<p>Personally, if you feel the JD will help you later on with certain fields like IP then I'd go for it. The difference in recruiter and in prestige from a Wharton vs. Kellogg I believe is very minor considering your work experience I don't the brand of either school well matter much since they are both top 5. If you know that a JD is not necessary then I wouldn't get it. You're lucky to be a great financial situation that either program you will not incur a high amount of debt as most students do and they often pay those back within 3-4 years.</p>
<p>NYCDude, congrats! If I were you, I'd go to Wharton, pay cash and move on. You sound pretty set on what you want to do.</p>
<p>I am considering both M&A law and Ibanking. Hence, my inquiry. NU's program seems like a great opportunity for those who would go to law school but are not sure about the MBA--one would basically get the MBA as a bonus. But not so much the other way around, which is, I think, Sakky's point.</p>
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I am considering both M&A law and Ibanking. Hence, my inquiry. NU's program seems like a great opportunity for those who would go to law school but are not sure about the MBA--one would basically get the MBA as a bonus. But not so much the other way around, which is, I think, Sakky's point.
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<p>I think this aligns with what the ranking say. Let's face it. Northwestern has a better business school than law school. Hence, a Northwestern law student who also picks up an MBA is basically "moving up" (however you want to interpret that). However, a Northwestern Kellogg MBA student who also picks up a law degree doesn't really pick up that much extra value.</p>