October 31, 2011
Joint JD/MBA
Posted by Ronald Colombo

If I recall correctly, it's been a while since the Glom addressed the value of a joint JD/MBA.

As this is a subject I find myself repeatedly discussing with my students, I recently took it upon myself to get to the bottom of this question.

I reviewed whatever literature I could find, and spoke to a number of colleagues and practicioners.

Here's what I concluded:

Pros
1.        The acquisition of practical knowledge and skills that can be helpful throughout an attorney’s career (wherever that career may ultimately take him  or her)

2.       A lasting, life-long credential

a.       That said, it’s my fairly strong opinion that over time, credentials fade in importance – and are replaced largely by individual accomplishment (or lack thereof)

b.      As for whether this credential will assist a newly-minted lawyer in obtaining a job, it appears to be of some value to “middle-of-the-pack” graduates who need to distinguish themselves; this credential seems unnecessary for top-performing students

3.       May open additional career opportunities

4.       The simple pleasure of additional education / additional intellectual stimulation

 
Cons
1.       Time (ordinarily an additional year of schooling)

2.       Expense

3.       With regard to recruiting / hiring:

a.       May be read by some law firms as a sign that the graduate is not necessarily committed to a career in law

b.      For law firm hiring, grades and class rank remain of paramount importance; if one’s efforts to obtain the joint degree came at the sacrifice of one’s grades, it would most likely be an unwise decision

I'd love to hear what others think about this.

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