Recently, I discovered that a law school friend and I share one major regret: We both wish we had combined our law school education with a business school education. After all, we might have received both MBAs and JDs in just four years. Granted, our student loans would have increased accordingly -- but the increase probably would not have caused us to make different choices, in light of the large loan burden we already carried from law school alone.
Interestingly, neither of us actually went into business; he's a public interest attorney and I combine writing and law. But both of us were still adamant in our view that we would have been tremendously aided by an MBA. It wasn't the entrée into business that an MBA provides that we felt we had missed, though of course, that is extremely valuable. Rather, it was the different and contrasting approaches and ways of thinking that business school offers.
Here's her five key reasons for thinking this is a good idea:
- A Partner in a Law Firm Must Co-Run a Small Business
- A Lawyer's Clients are Likely to Include Businesspeople
- The Law Is All About Risk, Return, and Strategy
- Business School Teaches Creative Thinking and a Global Perspective; Law School Typically Does Not
- Business School Can Establish the Credentials to Lead, Not Simply Counsel Leaders
Not only that, but business school is a lot funner than law school too!
(HT TaxProf Blog)