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Hello Fishes,
Need some advice for my cousin.
She has done MBA in Finance ,(2018 passout) after BCOM.
Worked in HDFC bank for 2 years (till 2020).
Due to personal reason left job at end of 2020.
Trained in SAP FICO, now trying for certification.
How could she get into IT company(fresher).Capgemini IBM Tata Consultancy
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Don’t unless you really know you want to do law, even then I’d say don’t based on the attorneys I know
Don’t do it. I have my law degree, and while it helps with the way you think and approach projects, the ROI is very small. I went to a Top 20 school and very few of my peers are working jobs that pay near what you think or expect as a consultant. Most are stuck being solo/small firm practitioners with crippling debt. I did my JD with an MBA and was fortunate with scholarships. But for the vast majority, don’t do it.
Now if you have openings in M&A strategy...I’d love to talk 😃
Having worked on a couple DDs before and after law school, M&A from the legal side is awful. You don’t get called in until after all of the interesting decisions have been made and after the bankers and consultants.
If you’re interested in M&A just stick to the consulting side of it
Thanks for the discussion, you all make great points. My motivation was more so working my way into M&A law... as it’s considered to be a niche area. However, given the costs and debt I would have to take on, it does not seem to be feasible.
DD1, what are you looking for in M&A strategy?
DD1, seems like most of my lawyer friends are earning in the 200k range, some are in their 30s in the 300-400k range. Where do you get your stats?
If your firm pays for it, absolutely do it.
If they’re not paying for it, don’t do it unless either (1) you’re absolutely sure the life and work and hours are what you want (like 100% sure) and (2) you get into a top 14.... or you come from enough family money that $250k in education debt isn’t a big deal
Exactly what bcg1 coming from an SO of a recent grad. If yes to both those things then absolutely do it. If money is what you’re after theyre starting at 190 at “big law” firms this year. But you still have to be committed otherwise you’re not going to get T14, or perform well enough to be recruited by top firms once you’re there. Law school is utterly grueling and the first few years out are no cake either.
One loophole to the t14 ROI is if you’re are in regional city with a solid school and want to work there after graduation . That school will likely have a strong presence in the local market and make recruiting just as easy as T14, while paying about the same as tier 1 cities because there seems to be a strange COL-agnostic parity to big law. One example would be UW law to Seattle based national firms like Perkins coie or K&L gates. If you’re dream is NY, DC, SF etc. it’s harder without t14, but not impossible if you crush school.
SC1 - that’s self-selection bias. There are certainly attorneys that make 2-500k, but the vast, vast majority of them don’t. I can go through my LinkedIn and find a handful of people in white shoe law firms too, but 90%+ are lucky to make $100k since they will be at smaller firms, government, or solo practitioners.
The odds of someone getting a biglaw job is incredibly small. Especially if you don’t go to a top 20 school. Then it’s nearly impossible