Business School Vs. Law School And Why The MBA Rules

Wondering which is a better degree path between business and law? Poets&Quants shares what author and comedian Paul Ollinger says about it in this short clip from his book, You Should Totally Get An MBA. Did we mention Paul's a Tuck grad?

[rhcpmd]

I went to Law school and now I´m doing and MBA. If you pay attention you will go out of law school with a mindset that works for every field (labor issues, intellectual property, maritime operations). But business knowledge is key in today´s economy.

[sarimzahid]

This made me want to go to law school :P

[ilikethatboulder.thatisani]

Very insightful, cleared up any doubt in my mind.

[YD-uqfi]

Reason 2 is bogus. Law School may need a bar exam, but one needs a JD to be a lawyer. One does not need an MBA to be an Executive, so there is more competition for Executive roles (including from immigrants).

[alexgordonepic]

ha. looking into law school.

hey John that's great it worked for you!
for me, the problem is. thankfully in america you can do business without any degree at all. (i flipped houses when i was younger before i even got a real estate license legally since I wrote the contract and it was in my name). However, you can not be a lawyer without law school and bar exam in most states.
Also, big money biz deals utilize a ton of law -if not just in their contracts... for instance in texas, a lawyer can be a real estate broker without having to work under one for 4 yrs straight etc... because they know contracts
Also would help to know law if you are innovating around regulations and/or have a service or product that's a market disrupter in a way. lots of money is made in law/policy changes.
Also using things like trusts, power of attorney, escrows, etc are ways to get around certain hindrances to legitimate biz.

if i could get a law degree online in texas i'd already have one. :)

[FULLtiltSENDER]

The only reason an mba is better is because of the potential to make more money. There tens of thousands of millionaire mbas and not so many lawyers