Choosing Between MBA and Law After an

After completing your (Master of Commerce), deciding whether to pursue an MBA or a law degree can be a daunting task. Here are some insights to help you make an informed decision.

Video Insights

To gain some levity and insight into the differences between an MBA and law, watch these videos:

Business School Vs. Law School: Why The MBA Totally Kills It Who's Smarter: Law or Biz Students

Embark on a journey of understanding the unique advantages each path can offer.

Understanding the Distinctions

In my family, both my father and brother are successful attorneys. My father, with an MBA, has established a clear distinction in his career trajectory. Attorneys earn based on their active income, working hours, and often see a decline in income if not actively working. An MBA, on the other hand, offers a broader spectrum of opportunities. It provides a panoramic view of the business landscape, enabling professionals to create or invest in businesses that can lead to either passive or active income.

A successful MBA can establish a foundation for wealth creation or personal satisfaction in project-based ventures. Both careers are excellent, but the MBA can open doors to a myriad of opportunities, often leading to greater income and passive earnings.

Exploring Diverse Career Paths

The decision between an MBA and law does not have to be mutually exclusive. Consider the possibility of becoming a business lawyer, which integrates both fields. This dual approach can provide a well-rounded professional experience and a more robust career portfolio.

Contemplating Future Career Goals

While it's important to consider these options, you should also evaluate your long-term career goals. Political Science, often seen as an entertaining yet practical course, does not necessarily lead to specific job opportunities. Similarly, a bachelor's degree in business can provide some foundational knowledge but is often limited to administrative and operational roles.

For those seeking a more challenging and rewarding career, either a law degree or an MBA stands out. Law has a narrower range of job opportunities but currently faces an overabundance of new lawyers, many of whom are still searching for positions. MBAs typically have a better record in securing first jobs, leading to more diverse and potentially higher-paying career paths.

Undergraduate Preparation

For a strong foundation, consider a more demanding undergraduate program. Economics, technical, or scientific fields like math, physics, or engineering can be highly beneficial. Journalism is often overlooked but provides excellent training in research and fast-paced information gathering, which are crucial skills in both law and business.

Choose your undergraduate major based on your aspirations and the career path you wish to pursue. Ease or the prospect of "living the life" should not be your primary determining factor. The quality of your undergraduate education will shape your future opportunities and earning potential. The time and effort you invest now will directly impact your long-term success and happiness.

Conclusion

Your choice between an MBA and law after an should be made with careful consideration of your career goals, the market demand, and the type of opportunities each path can provide. Both are excellent choices, but your decision will greatly influence your future success and fulfillment. Think through your options thoroughly before making a final decision.