We want LI to be one of the friendliest places on the internet, where lawyers and law students help each other with their career related queries and occasionally discuss other stuff that might affect their lives too. In other words:
1. Be kind, respectful and helpful to each other.
2. Be bona fide, truthful, genuine and curious.
3. Assume the best intention of others.
Therefore, in using the site, you must agree to do your best to uphold these community guidelines.
Note that what you find here is written and moderated by anonymous people on the internet.
Therefore everything you read here is very likely unverified, rumour, speculation and/or downright false.
In continuing to read anything here, you must therefore agree not to take anything you read here as factual and that you will exercise due caution, diligence and common sense before acting on any information you may come across here.
You also agree to report any inaccurate or malicious comments with the buttons. Moderators take action within 24 hours, as required and appropriate under law.
Our full terms and conditions apply too.
Do you solemnly agree to all of the above?
I have been through this process and having considered it strongly, would advise you against it unless you are absolutely not cut out for law and want to do a MBA to switch fields.
Doing MBA from an IIM does not make financial sense if you are at a T1 Law firm. International MBA is a different scene.
Post MBA, your salary is going to be 25-30 LPA approx assuming you get into MBB Consulting. You will be making more money as a SA at a T1 law firm and the work life is just as bad. Also, as a lawyer, assuming you make it to IIM A/B/C your options are severely limited post MBA. We can forget about PE/Investment banking, since we'll have to compete with CA gold medallists and CFA holders who have worked on balance sheets for the last 10 years. Product management and tech consulting you will have to compete with IIT/NIT toppers who have spent 3+ years writing code and developing software. Our only options are strategy/esg/management consulting. And everyone wants the limited MBB jobs that are available. Not to mention that there are a fair chunk of SRCC/Stephen's grads in IIMs who have already spent a few years in consulting and are now eyeing a bigger post MBA position at MBB. Especially a year outside college, there is very little practical knowledge and big picture understanding that we have. My thought process was this - as a lawyer I can be at the top of my game but as a management grad, every day will be a struggle to catch up with my competition, who knows tech inside out, can do complex calculations in their head, and know financials inside out.
law firms are considered as recession proof,cuz,during recession period ,majority of small and mid sized companies go for debt restructuring,capital restructuring,insolvency and you can use your knowledge [NOT DEGREE]and earn without limits.
you can utilise legal+finance knowledge in m&a,pe/vc teams or banking and finance teams or restructuring and insolvency teams .
no one will ask you for the degree ,if you are able to articulate very well and prove everyone regarding the knowledge you are having and make fortune .
I am a t1 law firm incoming associate and a graduate of a T1 NLU. I am extremely confused if I should do an MBA after getting work experience of a year. I am confident that if I prepare well, I can get an admit from IIM A/B/C.
Looking just in terms of career growth and money, is an MBA worth it in long term?
I have no interest in marketing or sales. If I do an MBA, I will most probably be eyeing for a consulting, product management or banking position.
Thanks!