Sunday, July 31, 2005

Joint JD/MBA Degrees a Bad Idea?

The Vault has an interesting article about joint JD/MBA degrees. In it, the value of having both degrees is questioned: Does the added investment required to get the second degree result in a satisfactory return on investment?

Getting a joint degree most likely requires a full-time commitment that will not be reimbursed by an employer, so a student most likely will need to decide if the additional education is worth making the additional personal investment.

The article notes that not only may a second degree not be beneficial, it may even be detrimental to a job search, because potential employers may percieve as dual degree holders as not being sure about which field they desire to pursue.

Santa Clara University offers a dual JD/MBA degree from its Leavey School of Business and School of Law. In my five years at SCU, I never was on a team with anyone pursuing a dual degree, so I don't think it is that common for students to go for that option. So for a particular postion that could use both JD and MBA skills, having the dual degree could be a major and rare edge. Just how common these types of positions are is the important question.

Here's the article in Vault: Ask Anna: Are Two Degrees Better Than One?


Joe said...

I think the usefulness of the JD/MBA depends on what you want to do with it. I've read the same vault article, and disagree somewhat. I am a current SCU JD/MBA and want to practice finance law (raise capital, mergers, buyouts, structured transactions, debt offerings, etc), so for me the JD/MBA makes sense and will hopefully give me edge. I don't think the JD/MBA is the only way to get there, as you can certainly learn on the job, but I am hoping this might open a few doors sooner.

I wouldn't recommend the program to anyone who isn't sure that they want to practice in a business law setting, it does cost an extra year and the program imho is pretty intense.

Just my two cents.

Sharon F. Howe said...

Wow, great post.

David said...

Very interesting point of view about modern education. Once time I faced with a question how should I write in interview essay if I have dual JD/MBA degree. Thanks that dispelling my doubts.