Events & Promotions
|
|
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.
Customized
for You
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Sep 1108:30 AM EDT
-09:15 AM EDT
Get the inside scoop on what makes Emory’s Goizueta Business School great, learn how you can present a strong MBA application, and connect with an Admissions Director to get your questions answered.
Sep 1011:00 AM PDT
-12:00 PM PDT
What does a truly strong MBA application resume actually look like? In this session, we break down 3 real MBA resumes from successful applicants who got into top business schools. Using redacted before-and-after versions...
Sep 1012:00 PM IST
-01:00 PM IST
Before you hit “Submit,” get an expert perspective on your MBA application. Our Test Drive Service (Comprehensive Application Review) provides an in-depth evaluation of your application, helping you identify gaps, strengthen your story, and more.
Sep 1003:00 PM PDT
-04:00 PM PDT
Inquire for a free profile evaluation and guarantee statement for possible admits and scholarships!
Sep 1309:30 AM EDT
-12:30 PM EDT
Top scores are possible when you enroll in a powerful EA course, taught live online + 6 months access to TTP OnDemand video courses included! Perfect class schedule and easy course access for working professionals. Class starts Sundays Sept. 13th.- Sep 16
12:00 PM PDT
-01:00 PM PDT
Grab your favorite beverage and spend time chatting with Melissa Rapp, Associate Dean of Graduate Admissions, and Brian Mitchell, Associate Dean of the Full-Time MBA Program. The topic for this Coffee Chat is Entrepreneurship and Innovation. 
Sep 1712:00 PM EDT
-01:00 PM EDT
Virtual Roundtable Discussions connect you with prospective students, admissions team members, and student ambassadors. Ask questions, explore the student experience and life in Bloomington, and learn about the MBA program, Kelley culture, and admissions.
Sep 1708:30 PM UTC -05:30
-09:30 PM UTC -05:30
We’ll discuss how top programs in these regions differ in terms of career opportunities, international exposure, location, and post-MBA prospects, and what applicants should consider when building a well-balanced global MBA shortlist.
Applicants,
As a 1st year JD/MBA, I know how difficult this time of year can be. After all, I was in your shoes twelve months ago. I currently attend a nationally recognized JD/MBA program (top 10 bschool/top 10 law school). Scouring this site last application season, I was provided with an enormous amount of insight. I am here to pay it forward.
I'm knee deep in law school so don't be discouraged if I don't immediately respond to your question(s). I'll be checking in as often as is humanly (for a 1L) possible...
Good luck with those apps!
OneL
As a 1st year JD/MBA, I know how difficult this time of year can be. After all, I was in your shoes twelve months ago. I currently attend a nationally recognized JD/MBA program (top 10 bschool/top 10 law school). Scouring this site last application season, I was provided with an enormous amount of insight. I am here to pay it forward.
I'm knee deep in law school so don't be discouraged if I don't immediately respond to your question(s). I'll be checking in as often as is humanly (for a 1L) possible...
Good luck with those apps!
OneL
OneL
How in the world do you guys handle the debt load? I would assume the average is well over $250,000 for most JD/MBAs.
You mean to tell me that I actually have to pay for this education?!??! Seriously though, scholarships and savings certainly help, but yes, the figure is relatively (absolutely) astronomical.
OneL
How do you justify the ROI? A lot of JD/MBAs seem to really dig investment banking (probably because they don't have many other choices with their crippling debt load). They could do this without the JD just as easily.
riverripper
Major Poster
Joined: 10 Apr 2007
Last visit: 20 Aug 2022
Posts: 4,306
Location: Back in Chicago, IL
Schools:Kellogg Alum: Class of 2010
GMAT 1: 740 Q49 V42
Posts: 4,306
terp06
I dont think its as bad as that. The typical MBA at most top schools is about 85-100k total debt. JD/MBAs is are typically 3 year programs so it would be about 150k. Of course the opportunity cost would be higher since you are missing three years worth of salary and are graduating a year later than you would out of a straight MBA or JD program. Also law internships pay very well, much better than most MBA internships (15k a month for JD vs 10k for MC). Its an interesting program but you really would be well served to make sure you need both degrees for your future job.
I dont know where you got the idea that JD/MBAs want to do IB. A lot of my classmates doing the JD/MBA route arent going into IB and weren't planning to all along. Some are doing the VC path but I would say as many are going the law route as are going the IB route. Far more have diverse plans...though remember they are generally pretty small programs anyways.
_________________
Kellogg Class of 2010...still active and willing to help. However, I do not do profile reviews, don't offer predictions on chances and am far to busy to review essays, so save the energy of writing me a PM seeking help for these. If I don't respond to a PM that is not one of the previously mentioned trash can destined messages, please don't take it personally I get so many messages I have a hard to responding to most. The more interesting, compelling, or humorous you message the more likely I am to respond.
I think Terp is thinking of Bruce Wasserstein...
You're right. I made a fairly quick judgement based on the 2 JD/MBAs that I know - both are going into investment banking. I suppose it would definitely come in pretty handy for the law route as well.
As far as the finances, I looked at Northwestern's JD-MBA website:
The estimated total costs for the 2008-2009 academic year (12 months), including tuition, books and materials, and computer equipment is $95,000; tuition alone is $63,000.
I take it that the $95,000 includes living expenses as well. Considering 5% annual tuition increases, that would be a total cost of approximately $300,000 (more than 2x the cost of a Kellogg MBA). Depending on what your savings and internship situations are - I would expect that the average student's debt load would be between $200-250,000.
Also, keep in mind that Northwestern is one of the few 3 year programs out there. Most JD/MBA programs are still a 4 year program. I have no idea about the cost of the others, but I would presume that it's even higher?
As far as the finances, I looked at Northwestern's JD-MBA website:
The estimated total costs for the 2008-2009 academic year (12 months), including tuition, books and materials, and computer equipment is $95,000; tuition alone is $63,000.
I take it that the $95,000 includes living expenses as well. Considering 5% annual tuition increases, that would be a total cost of approximately $300,000 (more than 2x the cost of a Kellogg MBA). Depending on what your savings and internship situations are - I would expect that the average student's debt load would be between $200-250,000.
Also, keep in mind that Northwestern is one of the few 3 year programs out there. Most JD/MBA programs are still a 4 year program. I have no idea about the cost of the others, but I would presume that it's even higher?
Meh, I worked on wall street for the past three years. Banking isn't in the cards after graduation...at least I don't believe it is at this point. I was interested in the law for quite a while and planned for some time on going to law school upon graduating from undergrad, but I couldn't pass up this previously mentioned job.
No one can guarantee jusitifying the ROI for higher education (not even b-school students), but the opportunities with a background in business and law are certainly plentiful. Plus, it's not entirely unreasonable to hedge some bets (assuming you have interest in the law) during this tumultuous time
. Don't misconstrue this to mean that someone should simply attend law school as a safety net, but if there is deep-rooted interest in learning the law then it's very much worthwhile in my humble opinion...
No one can guarantee jusitifying the ROI for higher education (not even b-school students), but the opportunities with a background in business and law are certainly plentiful. Plus, it's not entirely unreasonable to hedge some bets (assuming you have interest in the law) during this tumultuous time
. Don't misconstrue this to mean that someone should simply attend law school as a safety net, but if there is deep-rooted interest in learning the law then it's very much worthwhile in my humble opinion... 
I don't think I'd be able to stomach the extra year(s) or debt either, but it seems like there could be some pretty interesting opportunities.
It's nice of you to volunteer yourself OneL, I'm sure it's intriguing to a lot of people.
_________________
It's nice of you to volunteer yourself OneL, I'm sure it's intriguing to a lot of people.
_________________
"Egotism is the anesthetic that dulls the pain of stupidity." - Frank Leahy
Just to clarify, Riverripper, I think that most JD/MBA programs are 4 years. Unless things have changed very recently, I believe that Northwestern is the only school that offers a 3 year program, and if I recall they require starting earlier and foregoing an internship during the first year to take classes - while charging the same amount as 4 year programs. The real savings is one fewer year out of the job market. The typical JD program is 3 years.
riverripper
Major Poster
Joined: 10 Apr 2007
Last visit: 20 Aug 2022
Posts: 4,306
Location: Back in Chicago, IL
Schools:Kellogg Alum: Class of 2010
GMAT 1: 740 Q49 V42
Posts: 4,306
pelihu
Good point...Ya NWU is 3 years because they cram in classes during the summer between JD1 and then MBA1.
_________________
Kellogg Class of 2010...still active and willing to help. However, I do not do profile reviews, don't offer predictions on chances and am far to busy to review essays, so save the energy of writing me a PM seeking help for these. If I don't respond to a PM that is not one of the previously mentioned trash can destined messages, please don't take it personally I get so many messages I have a hard to responding to most. The more interesting, compelling, or humorous you message the more likely I am to respond.
swbluedevil
Joined: 01 Jun 2006
Last visit: 26 Aug 2018
Posts: 207
Affiliations: Google, Facebook
Location: United States (CA)
Schools: Haas '15 (M) Kellogg '15 (A)
GMAT 1: 750 Q50 V40
Wharton just came out with a 3 year JD/MBA not too long ago. Unlike Kellogg, you are required to take the GMAT and the LSAT.
https://www.law.upenn.edu/crossdisc/stud ... e/mba.html
https://www.law.upenn.edu/crossdisc/stud ... e/mba.html
pelihu
Just to add a litte. I think there are probably 5 or so schools offering 3 yr jd/mba. I know of Northwestern, Indiana, and Penn off the top of my head and I remember reading of some less well known programs somewhere. It seems that schools are starting to pick up on what NU started and we could see alot more schools offering this.
bump
Who's going for it this year? And where?
Who's going for it this year? And where?
go2bizSkool
Joined: 25 Sep 2009
Last visit: 09 Apr 2010
Posts: 96
Location: USA
Schools:HBS, Sloan, Columbia, Stern, Tuck
Posts: 96
I am considering submitting LS apps. i already have my LSAT but need LOR/PS.
I'm kicking myself for not doing the LSAT this summer or even several years ago on the assumption I'd eventually apply. Now I'm seeing what 3 weeks prep can get me, and it's not looking great.
I suppose the upside is that for at least for a few of the schools, I could always reapply during the first year of b-school if admitted. Only U of C and Harvard would fall into this category I believe.
go2bizskool, what was your LSAT experience like?
I suppose the upside is that for at least for a few of the schools, I could always reapply during the first year of b-school if admitted. Only U of C and Harvard would fall into this category I believe.
go2bizskool, what was your LSAT experience like?
go2bizSkool
Joined: 25 Sep 2009
Last visit: 09 Apr 2010
Posts: 96
Location: USA
Schools:HBS, Sloan, Columbia, Stern, Tuck
Posts: 96
i studied for around 2-3 months; ended up with a very solid score, so pretty happy. turned out to be great gmat prep as well as i mentioned in my debrief 
if you are a rockstar at gmat verbal, lsat RC and LR should be at least ok, but you might need to focus on Logic Games because there is no equivalent on the gmat.
if you are a rockstar at gmat verbal, lsat RC and LR should be at least ok, but you might need to focus on Logic Games because there is no equivalent on the gmat.
jallenmorris
Joined: 30 Apr 2008
Last visit: 09 Oct 2014
Posts: 1,226
Location: Oklahoma City
Schools:Hard Knocks
Posts: 1,226
You might check on Harvard regarding applying in your first year of b-school. A friend of mine graduated from there in different schools, but did the dual master's degree and applied after his first year. He told me that they stopped allowing it shortly after. He graduated from the Kennedy school in '05. He lives in Europe now doing IB, so HBS isn't the only way into IB from Harvard.
PBateman
jallenmorris
From my reading, it looks like it still can happen at Harvard. Under "Admissions"
https://www.law.harvard.edu/academics/de ... ogram.html
Announcements
How to Tell If Your GMAT Prep Resources Are Actually Helping You
Subscribe to GMAT Club for New Podcast Episodes, Debriefs, & Insightful Sessions on GMAT Preparation
Subscribe to GMAT Club for New Podcast Episodes, Debriefs, & Insightful Sessions on GMAT Preparation
Tuck at Dartmouth
AI at Dartmouth Tuck: How the School Is Preparing Leaders for the Age of Artificial Intelligence
Inside the courses, research, and hands-on learning defining wise, decisive leadership in an AI-driven world.
Read More
Inside the courses, research, and hands-on learning defining wise, decisive leadership in an AI-driven world.
Read More
Top 5 GMAT Debrief Videos
Success stories and strategies from high-scoring candidates.