What do we think about getting an MBA as a corporate lawyer? Is it helpful? Pros? Cons? Thanks!

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You don’t get an MBA to learn anything. You get an MBA for the network. If you’re not quitting and going to an M7, then don’t waste your money.

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I have an MBA from one of the very top programs and while lot of people say you get an MBA for the network, I have always found this to miss the mark a little, as there are other less expensive and often more effective ways to build a network. And I have always felt you always build your most important network while working not while in school.

I think the primary and best reason to get an MBA is you are in a particular field and want to get out and get into something business related. At an MBA program, no matter your current position or background, they will give you the basic coursework and most importantly recruiting channels (if you go to a decent one) to get into investment banking, management consulting, investment management, product management, etc. The best ROI for an MBA program is for someone in a field that is low paying / and or sucks for the person in question and they want to get out. The person working at a newspaper with an English degree who wakes up and decides they want to make a lot of money working at Goldman Sachs. Also for very bright and successful people who went to a no name undergrad, sometimes it can be nice to get that resume stamp if we’re talking a top 10 program or whatever but if you already went to a prestigious undergrad, it’s less important. My two cents.

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Why would anyone want to do more school after law school

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Lol even if it’s paid for 10/10 would still not recommend

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I did a joint JD/MBA degree. It was well worth the extra year—invaluable, really. But I don’t know that I would have taken myself out of the market to do another two-year degree after already being in practice for a while. An executive mba might be an option, but you’re likely very busy with your job.

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I have an MBA and have responded to a few other posts like this. If you’re looking to transition to a non-legal role, it’s very good. But school rank does dictate a lot more (top 25 if not M7 depending on what you want to do). If you are doing it to “understand more about business” or get clients… do not do this.

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I also have a MBA and am a corporate associate and agree with A3.

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Honestly, I don't see the point, unless your goal is to exit out of law. Otherwise, it's just more school and more money spent.

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To be honest, I don't see how it will help you in corporate law at all. As stated above, it'll just be money and time spent. If you're already a corporate associate, getting an MBA won't make you better at it in my opinion.

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I had a top MBA and went to law school later by choice.

Being a good corporate lawyer isn't just about understanding finance or accounting. Sure, I can do deal math easily, and I can read financial statements quickly.

I am in house on a small legal department in a tech company after years in Silicon Valley. I am relied upon to give legal advice with a lot of business advice too. It's not just common sense. It has to do with people management, sales/marketing, scaling, our company's competitive position. I can sit right down with Finance or our Head of Sales and not miss a beat--I can be a pragmatic, business-oriented lawyer.

Could I have learned this without an MBA? Possibly. Do I get told often that I'm a great lawyer because of my business chops? I do.

I took a few mba classes on a part time basis at a lower (*shit:) ranked b school while working in tax (big4). Pros: I felt they helped me a lot with accounting concepts, financial statement analysis, data analysis/manipulation (really how to visualize and make excel do what you want it to do) and learning business terminology. But it was paid for (I am a vet) and I dropped it when I got into a part time tax llm program, which I felt was more relevant to what I did at the time. You do you. Test drive it part time, see if it makes sense. Cons: forget about your free time, vacations and weekends for a couple of years. Super hard with fam/kids/reserve drills and full time intense job in tax in financial services field. But not impossible.

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I would say that, all in all, the additional expense is not really worth it unless you have a very specific career path in mind.

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I have an MBA and I use it, and the skills I picked up from it, every day. It helps you understand the business and business units you serve far more intimately. I think it also gave me a leg up in getting hired over other lawyers who didn’t have an MBA (differentiation… lol, they teach you about this in Business school!). Finally, and possibly most valuable, your business peers will no longer think of you as merely Legal, but also as a business partner because you speak their language, understand their motivations and decision making process. Oh! Last last point: you set yourself up for leadership consideration that much more definitively.

I personally think it’s well worth it if you want to stand out and serve your clients better.

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Piggy backing off of what SA1 said, I think that if you're looking into fields outside of law, it could bolster your status big time. I don't know if you're considering for status purposes or actual knowledge expansion purposes though.

Is someone paying all your student loans lol, you’d like by the time of becoming a lawyer you’d realize all this higher Ed is a scam

I did a joint JD/MBA program and did it to make myself more marketable. It hasn't helped me much with any of my legal work, I don't utilize any of the "network," but I do believe it has helped me get jobs and clients.

I left a consulting job at a big name consulting firm, paid really well, and left for a t-14 law degree. Once you have relevant experience in corporate law, your experience translates seamlessly to consulting. I worked with multiple lawyers who did that and with no mba. I was just glutton for punishment and wanted to be a lawyer which you obviously need the degree for. I think the MBA is for people who are looking to completely shift gears from completely unrelated fields.

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