Law and finance reddit. (I know thats low). Law and finance are very interconnected as a result. I quite like how unrestricted the area is compared to other fields. Going to be applying to IB and biglaw simultaneously. Also, being a CPA and having your MBA will definitely land you one of the higher financial positions if you want to go that route. Banking and finance is more who you know, unless you are an elite graduate. I have huge regret not going into other fields that work just as hard at the most/much less hard than us with 3-5x compensation than us -Finance 33something: Built on top of intro to finance, derivatives, ect. His specialization is in finance, but if I would say he's managing only financial lawyers, I would be downplaying his achievements. I am leaning towards Leiden but I thought I'd seek guidance in this regard, especially in terms Generally speaking, I’m interested in what field within finance and banking law pays the most, and what skills I need that would make me sought-after in said field. But, a pre-law minor would not be worth it since it would be hard for law schools to provide diverse education if everyone had some form of pre-law degree or minor. Law students get really crusty over rankings. ) IB also is more finance related, while consulting is more corporate strategy. CS is more of a “technical skill” based field. 0 is probably just the translation of first class degree into an American format. In house gives you a large surplus for FI without the hours. So if you have knowledge in both areas, you have a better chance to get a good job. 16. 80) and I have a few financial internships on my resume. PLEASE someone share their HONEST opinion about the degree. Worst case you stay at $530k, but firms will often give you small bumps or negotiate something higher. Penn because I don’t want to live in NYC for law school if I have an offer at a comparable school - I have friends at both who got NYC biglaw but the one at Penn seemed much happier with the culture at the school being more laid back and lower cost of living. it's a good idea if you're very good at what a finance major requires and will do well. In fact employers usually skip the type of degree and just ask for the major. 6. But consulting has more travel involved (pre-COVID, Mon-Thurs in a hotel with This is a subreddit specifically for interns and residents to get together and discuss issues concerning their training and medicine/surgery. Currently, there’s a massive shortage of accountants and based off of university enrollments in the major, there’s going to be a shortage for a while. Tech is just better across the board. I also will have a Masters in Accounting when I apply (I know thats not looked at as important really. An accounting degree will exempt you from some, but not all exams on your professional qualification. Big Law doesn't give a shit if you worked in accounting though, at least from my experience. When I previously studied accounting the course contained both economics and business law. FAANG makes 180-200k all in. I'm currently a finance major and have been very interested in corporate law. but this may work either way. There are also intermediate levels that sub-fields, such as industrial economics, try to explain. I never suggested the exclusion didn't include law school and med school. In my opinion, do finance because you can still get into politics with relative ease, while doing political science would give you a limited amount of options if something doesn't work out. Law firms and financial institutions develop relationships over time, and it's common for lawyers to later work for their institutional clients. As a finance major, I am currently working on a political campaign. I recently joined the debt finance practice. The first role may be less than $70K, might be more. Law and Finance MSc 2023/2024 . Economics was technically far more difficult because there’s a heavy emphasis on calculus and statistics. It might be different in Australia. The market in Hong Kong isn’t well…if I cannot find a job in Hong Kong, even as a paralegal, then I think HKU is not as attractive as I thought. I’ve seen so many mixed reviews from others on Reddit that it’s really made me overthink whether I should do the degree or not. Currently, I am studying here as an undergrad from Medicine may earn less in a given time period but is much steadier than Technology or Finance, and mostly steadier than Law, and is relatively independent from market fluctuations or buyouts. The world of finance is mostly transitioning to online only, but you have a good chance to travel in a law field. The words "BS" and "BBA" mean absolutely nothing. In regards to the U. In my internships so far, I find most of the work in commercial law boring and monotonous. I would say there’s another option: Finish your political science degree and do an after degree (two years) in finance if you can’t get into the MBA program. The potential opportunity cost of stopping working to go full time in school is ~$300-900k (current earnings x 3 years for JD), plus additional cost of law school etc. Any post or comment that might help identify who a redditor is in real life will be removed. I previously worked for 5 months in the corporate and m&a practice of another law firm (first year out of law school). Before it was fixed, I filed for lemon law buyback. Currently have a 5 year loan and I've made 2 years in payments ($45k loan, $760 monthly, 0. I personally have a BBA and I don’t think there have been any positive or negative effects. But I enjoy the business context and the strategy involved in law, and a high-earning job is important to me. MathmoKiwi. Penn because of the faculty (minus the racist lady). it maybe something that adds value. Cons: little to no work-life balance starting out. I'll soon A law degree might help (assuming a law degree from a comparable top school). You have figured yourself out more, you deal with stress and pressure better, your general life experience means you can handle yourself at interviews and jobs in a more relaxed and professional manner, and if you have really worked and decided to pursue law you Yes I mean got an accounting designation then went on to do to law school. Award. Depends on your grades and work experience. There is definitely an overlap between the two fields, and much of finance falls under economics. The gpa requirement of 3. 1) make sure that you really want to practice law before you go to law school, 2) talk to some lawyers in the field you are thinking of entering to see what they really say about their work, and 3) get a grasp on whether you can fall back into what you were in before in case it doesn't work out. They have a bit of a reputation for training professors and judges instead of lawyers though. “Oh well it lets me understand your intuitive thought process”. Economics is a good subject to build a good logical framework on how business works and how markets operate. These allowed me to level up as an investment professional after leaving BigLaw, coupled with some training and mentorship at the fund. And got perfect scores on the touchstones, which were pretty simple. Banking6 vs BigLaw3 would be $320-475k vs $307. I’m preparing for my sophomore year in undergrad, as a current political science major. Very few people in tech make 500k or 750k+ like VPs or MDs unless they are top executives or AI/Machine Learning development engineers with PhDs. I'd say you're better off looking at school leaver programs at the major accounting firms. It's not just the loans, but the opportunity cost of not working for 3 years, that you need to take into account. From what I noticed the transactional practice consists of 2 workstreams. At least within Louisiana they have a very good reputation academically with the highest bar passage rate last I checked and you’ll end up with a solid knowledge of law. And yes, I know Tax Law is much easier but Leiden cancelled it years ago🥲so I guess Law and Finance is my best option. That being said, it really depends on what you mean by a finance career. If you make equity partner, you’ll make anywhere from ~$600k to $2. Law and Finance LLM in Leiden or UvA. So essentially finance is a sub field of economics, but if you look at the differences in the degrees it becomes a bit more apparent. Reply But alas, I cannot do that. Business school you go 150k in debt and get a job that pays more than what you invested. • 4 yr. The options you have are: A masters program at a target university - try for the Masters in Management programs if you're facing resistance for the Masters in Finance programs. I was supposed to graduate in December but I feel like it would be best to pursue my masters as I keep being offered financial analyst roles in the back I'm an international student (21M) and I am considering applying for a Master's program at Trinity Business School, specifically in either Finance or Law and Finance. You can have a look at the Ministry of Justice report on legal aid payments to get an idea of how much some of these people bill in legal aid. Hell it makes it easier to start a business. Bachelor of Business Administration with a concentration in Finance. I understand that the LSAT and gpa are a huge factor in the process. The longest part was them grading my touchstones. As of now, I’ve received offers for both a Bachelor of Laws and a Bachelor of Science in Psychology - both programmes I am interested in, but am deciding between (let’s pretend a conjoint is off the table for the sake of Even as a finance major, you can work politics. I find finance law to be pretty dense and unwieldy as someone who opens up my bills and statements online and tries my best to read through communications about new policies. You'd normally recruit for summer analyst positions (if gunning for banking or S&T and Hello everyone, I currently have decided I would like to attend law school. Because I keep hearing arbitration being brought up, I suppose I should start working on my French unless there’s a more lucrative field out there which requires different skills. I'm a recent law graduate and am about to start work at a commercial law firm. tax payers are not funding the bill for campaigns. technically bribery. Unis won’t like it if you submit a personal statement for an entirely wildly different course, and you can’t really link the two subjects in a way that’s natural. Start looking for in house opportunities now, but if you need to stick it out for another year or so, do it. This is a place for people who are or want to become Financially Independent (FI), which means not having to work for money. That website says a 4th year banker is pulling $225-280k and a first year in BigLaw pulls $235k. B&F is almost pure contract law. My other offer is European and International Business Law. Typically around 20K for the school year +/- a few thousand depending on the city. Most places will not distinguish between a BS in Finance, BBA in Finance or a BA in Finance. I would love feedback from those who have taken it or are currently taking courses for it. He works for an organization that makes the transfer of money legal for corporations. • 1 yr. I'm an international student that's looking to permanently live in Australia after uni. In business you can do something like corporate strategy, F500 leadership development program, general management, PM for a tech company, etc. Get an entry level job and two 2 years of work that you can add to your CV. not really in the spirit of a democracy. Can’t stress this enough, as a finance major your “skill” is being able to network and make interpersonal connections with anybody, manage relationships. If you haven’t taken Secured Transactions, you need that law textbook as well. We have the know-how. This is a BS. (some) businesses can get what they want. You rarely ever consult cases or do any black letter law, the deals are driven by market practice and commercial negotiations. I have a few questions for those who are currently enrolled in or have completed these programs. 7. MBA is much more flexible and can land you a ton of jobs - marketing, finance, etc. Then, if you still want to be a lawyer, you can go to law school To answer OP's question, plenty of lawyers work in finance and kill it on the client-facing and investment side. Three expensive years of school required, and several grueling years of big law after. It didn't take me long to finish the class. if you major in finance and then work in finance before going to law school, that will be very beneficial for hiring purposes. Back in practice I am an animal in private credit with this financial background. I have a solid GPA (3. 1. The BBA is more practical and will make finding a job easier. Some JD-PhDs are professors, most often in the law school. 95 GPA and a 176 LSAT I took in Junior year, hoping to reroll a law school at a target (Yale, Harvard, Cornell, NW, UCLA). Finance will open up career paths in financial sales, banking, governmental work, and insurance. It will provide you with an advanced interdisciplinary understanding of economic and financial concepts and their application to legal topics. It's not touted as the money-making industry in the legal profession but it's I’ve read a multitude of horror stories. Both are high paying jobs, I can say law could be a bit more reputable and stressful at the same time but pursuing r/financialindependence. Cons. However, I've decided that though I love poli-sci material, I wanted to get more out of my BA rather than just using it as the stepping stone into Law school. It's a very broad range of things in B&F! I linked two articles that kind of illustrate very ad-hoc work in that area - reason being you mentioned a top 10 firm. Feb 29, 2024 · The MSc in Law and Finance (MLF) is taught jointly by the Law Faculty and the Saïd Business School. governments can spend more than their budget. White cover. Manufacturer offered $4500 to keep the car or a buyback offer (minus all mileage costs which came out to about $9500 for about 30k miles). I did some research and it looks like , Business Law Intro to Bus. Ultimately, don’t pick either field purely for money if you want to be a lawyer be a lawyer. There are also private equity firms out there that buy the rights to legal settlements, so if you take a broad definition of value investing, it would be an interesting avenue to use a law degree. Having a few pre-law classes wouldn't hurt if you need practice with some things such as reading and writing to prepare for law school. Hi, I'm an Indian lawyer and I have received offers from both Leiden University and University of Amsterdam for an LLM in Law and Finance. Top 5% of a top uni. It's particularly common in PE & VC where have the ability to work through a term sheet is a serious and vital asset and hiring law firms for every piece of work on There was a safety equipment issue and it took 4 tries to fix. Thanks for your answer. In year 9 and beyond its a black box. If you ever took accounting or familiar it's pretty simple. BTW - you are 95 credit into school, you should know which subjects are fun or not by now. Honestly I don't regret doing extracurriculars, but I did some really stupid shit like gun to be editor of the newspaper or wouldn't read for class I received an offer to study at the Institute for Law and Finance, which is a private foundation associated with Goethe University. Law and Finance LLM - career opporrunities. He went to law school and after that to business school. WGU Bachelors degree in FINANCE. Banking5 vs BigLaw2 would be $270-400k vs $255k. My passion lies in creative writing It is way easier to make it in accounting than in law because there is an over abundance of lawyers. Heads up, some unis may require maths maths for finance (unless you haven’t mentioned that) pick one. Reply reply. The difference is that tech salaries do not scale anywhere near as aggressively as finance salaries. Quebec / Le reddit des étudiants et étudiantes de L'université Concordia à Montréal, Québec During my finance degree I took a business law class, which ended up being one of my favorite classes and reignited my interest in practicing one day. I currently have zero debt. 9. Any business large enough will probably have a stable of lawyers handling that sort of thing in-house. I’ve decided on doing some sort of finance/business degree as I During my undergrad I ended up with a 3. I think you are overestimating the alternatives. law firms, bank etc. Opens doors in politics and academia. 5. Being older has an advantage for sure. Most if not all schools will give you additional loans for your living expenses. Instead of going straight to law school, though, I decided to work for a year at an emerging company to earn some money and get some professional experience. Title says it all. In other words, yeah, it'd be good if some really smart people who would likely work in corporate law or finance were instead incentivized to be teachers or early childhood development professionals or something like that. I ultimately finished the course with a 96%. After 2-3 years, you can make 6 figures in a bunch of roles. Helps tremendously if you want to go back into accounting (tax). Finance will give you tools to analyze certain markets and make real life use out of the knowledge you will gain from economics. There is a massive shortage of CPA’s in America today. Some people make bread, some love - and finance is needed to make sure they can exchange the things they like in an efficient manner. I think law school should also be dedicated a little to learning a little how the world works. You get used to the job eventually. The undergrad degree you have doesn't make much of a difference for recruiting. Senior Fall: -Finance 437: Pretty much regression using lag, dummy, unit roots all that shit. Lawyers normally do not know much about finance, and finance people lack legal knowledge. Tech Pros: great work-life balance in most roles. Law school your go $300k in debt and get a job that pays $50k. In the US, a law degree is nearly $100k (maybe more) and takes 3 years, so it’s not a reasonable option for us. 2. For the most part the GPA/LSAT law school predictor calculators are pretty accurate, because GPA and LSAT scores of incoming students effect US News ranking, but extracurriculars definitely do not. I highly recommend doing a lot of practice problems for this class. , and Principles of Finance would transfer over. g. which is different - this means that there are no other values, just money. I think accounting is better than commerce and business. Pros. Regret choosing medicine over SWE or Finance. Good Afternoon r/FinancialCareers. 5 in accounting and finance. So there's a business part and a law part involved. •. Don't forget good boy points. UVA Law is a small and close-knit community, which means doxxing is an especially serious concern. Based on which area of law you want to specialise in, it might make it easier to transition (eg banking/finance law, tax law - you will inevitably gain information and experience in that field). The majority of banking and finance is practiced in Biglaw and financial institutions. That would rope me into the military for nine more years (making around 150k), although three would just be as a student. Financial Independence is closely related to the concept of Early Retirement/Retiring Early (RE) - quitting your job/career and pursuing other activities with your time. Most of the 1L doctrinals help with this but there are a few exceptions. I met a couple VPs who came over after being V10 firm associates. IB entails a lot of detailed financial modeling and putting together pitch books. I'm assuming you are outside the U. I’m just wondering if there are real people out there who have used Beyond Finance, Accredited Debt Relief, Five Lakes Law Group - and have had a positive experience. This is an entry level finance position at a middle market firm in a C-tier city. [deleted] • 4 yr. For this reason, r/UVALaw takes a more strict view of doxxing than other parts of Reddit. If you don't like accounting after you've been doing it for a year Yes they are both time intensive and tend to have high compensation, but they are very different. Consulting has somewhat better WLB. Law and business goes hand in hand. Share. I'm not sure which one to accept. - Tax: Everyone should take tax. The rankings are also not conclusive. While it sucks to borrow living expenses, balancing a 20+/hr a week job during 1L would be extremely difficult. But my understanding is that they are generally more of a lawyer than they are an economist. Hard STEM is definitely better for employability. , shareholder meetings, director meetings, etc. Lastly, you don’t need a JD to do legal/economic research. There is a stigma against foreign education in the Canadian legal market that is I have offers from both Leiden University and University of Amsterdam for an LLM in Law and Finance. You pulled this question straight from the internet. At good schools, finance is better and will better prepare you for front office finance roles. rageface11. otherwise it's insignificant by itself. TRex77. Me and every other candidate solved this question 8 times before we walked in here. Focus on getting a strong grasp of things like: The concept of net present value, and the discount rate. As a biz/law dually, this is accurate. You're "paying" the 36k/ yr you otherwise would have made, in addition to tuition. I even said, "Yes, that includes law and med school" in the original post. Hello r/berlin! I'm a graduating university student from the USA seeking enrollment in the Masters of International Finance program at the Berlin School of Economics and Law, winter semester 2013-2014. -Economics (something about money and banks): Awesome class, learned stuff about how the Federal reserve reacts to stuff and how their actions can affect things such as the money Undergrad business majoring. - see this? Do you have any experience with UoA Law, I need your advice. MSF/MOF will be much more geared towards finance like IB. Finance’s difficulty comes down to conceptual understanding. S. If I took this route, I'd get AD O-3 pay in NYC (~$130,000) to go to law school, would probably use most of my GI bill, and a six year obligation as a JAG afterward. Banking & Finance - Debt Finance. You're more marketable with a finance major. Lawyers specialize. If you tend to want to read through course material very slowly and take information in, and if classes take you a few weeks, then maybe Sophia could be the way to go for you. The first one, which is the fulfillment of the conditions precedent . I worked in accounting then went to law school. While my personal research has proved somewhat fruitful, I have so far been unable to find information about the school/ program from recent IMO no. I'm in the UK so it might not be exactly the same, but I would estimate the modules in a finance degree are about 50% the same as the modules in an accounting degree or an econ degree. If you are hoping to treat the law degree like an MBA program and be competitive for jobs in finance and consulting, I can tell you that it won't happen barring exceptional circumstances - such as graduating from a top school with high grades and clerking at an appellate court or the Supreme Court of Canada. Jobs, money, mobility, demand, etc. I'd also likely have to work in one out of seven or eight Basically, lots and lots of drafting and, depending on your level, increasingly complex drafting. Far fewer hours (MBB BAs will probably average 70-80 hrs and rarely push 85, while IB analysts will average 80-90 with some weeks pushing past 105). I don't (and frankly, never did) have a marked interest in Finance and did it because it's what everybody else was doing, and I never entertained the idea of being a doctor for more than 2 seconds, but law and tech were two serious propositions. Finance requires better social skills and interaction with clients/management. FWIW, I entered law school because the market In law if you want to make money you generally have to do Big Law which works like banking and pays as well or a bit worse (great pay but 80+ hrs/week). At poorer schools, accounting is better, and will open the door to a wider variety of corporate jobs. Job opportunities are abundant, not dying out, and the benefits of the knowledge can be utilized at home as well as work. As a person who went to lawl school and now is in BSchool this is accurate lol. Law is super competitive and takes quite the investment of money and time. friendly_hendie. *I am absolutely fully aware they are a debt settlement program and exactly everything that is entailed. I'm wondering if anyone has pursued law with a business degree and if there's any advice you all have? Ultimately would love to attend law school and become a lawyer, I chose finance because of the practicality, opportunity and pure interest in banking. Pretty much everyone I finished law school with were a wreck their first few years, even the ones who didn't go big law. 4 million starting depending on the firm, going as high as ~$24 million at the tippy top. OP's title misleadingly made it seem as though med school and law school were specifically being carved out; my point is that it's much broader than that, and is excluding all non-undergraduate loans. The rankings are inconclusive and I thought I'd ask around for advice, especially in terms of employment opportunities. I have an Indian LLB degree but I'm hoping to move to the UK/Netherlands. May be difficult to pivot to roles outside the law, or even to move to lower COL cities. Do you have any experience with this course? I looked into the curriculum and I think it is useful but it would be great to hear something about the job opportunities after graduation, is there any advantage? How the top employers - int. not representing the views of the people, answering to the highest bidder. Year 8: $530k. yes doing a cojoint degree of law and finance will be preferable over just doing a law degree. I…. I'm not sure that there's a big shortage of smart people who want to be CEOs of manufacturing companies though lol Sometimes you might stumble upon very cool transactions where a conflict of law arises (Islamic law, EU law etc) or when you are dealing with tax exemptions of funds. 9 I did it as a double major with economics. Plenty of good work on the legal system is done by economists without official legal credentials. If you want to be an accountant be an accountant. 5k. I would hate to see you waste three years when you’re almost at the finish line of your political science degree. What the lawyers do: it depends on what kind of law they practice. The MSc combines a highly analytic academic core with tailor-made practical applications derived from Even if I used mechanical or chemical engineering as an example law, finance and medicine would still be better I think. They'll also have corporate governance issues, e. But the reality is, the entire qualification can be done in 3 years anyway. I plan on starting WGU in June. ago. For the average student, accounting will pay more and be more stable. I don't speak Dutch but I'm willing to learn. Get this one. Get a finance degree. Now, once you finished law school and began work, your compensation wouldnt be too far from a 4th year banker (low end). StudyEdge is extremely helpful, David explains everything a lot more clearly than Banko does. Reply. the values can be compared, in monetary value or happiness points or whatever. First, you pay taxes every year and will interact with the tax code frequently, whether directly (through filing tax returns) or indirectly When I studied finance the course contained both accounting and economics. I was accepted into my school's MS Finance program today (non-target NYC). I would not pay sticker for any law school. I mean, I was combing through my 401k documentation late last year and it took me a few hours to find a line saying that the financial institution financial institution is Personal finance question: the research I’ve done indicates law school graduates often end up with $100-200k of debt/student loans. Also 70-100k puts you in the top 10% in the world and easily the top 20% in the US. As someone who went to law school at 28 and is graduating at 31 I can offer my two cents. At a bank, general counsel will need to know something about banking and finance because everything that goes on will be colored by that subject Business Finance: The workload for this class is a lot more than for both ACG2021 and ACG2071. I’ve finished my Foundation programme and I am an incoming undergraduate student at UoA. My A-levels subjects were all commerce main so that could help pursuing higher studies in finance or accounting related degrees but the reason I have LLB in my mind is because I think law is something that might grab my interest. Finance Majors have a kick start to a confident and prosperous life if they chose it. The tuition is very high (20,000 euros) and there is very little information on the master's program, so any information or experiences that you kindly share with me about the program would be very useful! Even in criminal law, PAL 3 to 4 defence lawyers earn a significant amount (you can bill $200K-300K from legal aid alone). Hello, I just need some clarification on the programs at Oxford. I have met many lawyers and finance people. The Biglaw recruitment takes place during your 2L year in Canada and almost all the hires are from Canadian law schools. 7 out of 4. Your prospects are not good without strong connections. I graduated undergrad with a little over a 3. I can't think of any "finance" careers that utilize a law background, but there are countless "law" careers that utilize a background in finance. Is it notoriously difficult to get admitted to these programs? The requirements list for the MSt in Legal Research list a first class degree with honors in law as the minimum. One day to complete the course. It's not just the school you get into, but how well you do there, the latter of which is unpredictable. Big law is going to be a lot of document review and drafting after school. If you are wanting to be a controller or CFO, i would just stick to the MBA. 8. ig lm rr rh ao ye tq mc qy my