Photo: Mel B.
There are plenty of reasons why you shouldn’t pursue a dual law and business degree, but above all else, there is one huge deterrent—cost.At least that’s what U.S. News and World Report’s Shawn O’Connor thinks.
With a price tag of $50,000 or more per year, JD/MBA programs are more expensive than a law degree alone, while at the same time most jobs do not require the dual diploma, according to O’Connor.
The majority of dual programs are also four years long, (although Columbia, Yale, and Indiana University now offer three-year degrees.) Nevertheless, in addition to tuition, you are missing out on several years of income.
JD/MBA programs sometimes even require summer classes, so forget about trying to make up for missed revenue then.
For some, however, the dual degree works out.
Take, for example, Buck Wiley, managing director of Merrill Lynch Investments, who after graduating with a history bachelor’s, went on to receive a JD/MBA from the University of Georgia, according to Bloomberg Businessweek.
So then, are you the exception or the rule?
For more reasons not to pursue a JD/MBA dual degree, check out U.S. News’ “5 Reasons Not to Get a Dual JD/MBA.”
SEE ALSO: The 10 Law Schools With Most Debt
NOW WATCH: Briefing videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.