My question is, what is your impression of a graduate that holds both degrees? Job prospects? Is there a sufficient demand?
I think that the job prospects for someone with both degrees are excellent. Some of the JD/MBAs I know at Kellogg have gone into "traditional" law firm-type jobs, and others have gone on to become corprate lawyers. Others still have gone into corporations but are doing more MBA-type jobs, like business development. Biz dev is something that MBAs always want to get into, and JD/MBAs are the best trained people for these jobs, since they understand business as well as contract details that come up in negotiations. Companies that are hiring for biz dev tend to *love* JD/MBAs.
And, if you're interested in entrepreneurship (now or down the road), a JD/MBA will come in really handy. That's another instance when you'll be constantly negotiating with people.
So, you should pretty much have your choice of careers! Whatever job that you go into, you'll probably end up using some of both degrees. It's just a matter of what type of work you want to do.
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