If you read through sample law school personal statement essays, you’ll see that passion for a certain field or profession is among the top reasons why people go to graduate school. Just by reading sample law school personal statement essays, you’ll also see that many people also go to graduate school because of the promise of higher income once they have that MBA degree slapped onto their CVs and resumes. But what if you’re passionate about law and business administration and equally want to pursue them both? The solution is to pursue a joint degree, which in this case is caled JD-MBA degree.
What are JD-MBA programs and how does one apply?
As mentioned, JD-MBA is a joint degree in the fields of law and business. Those who successfully complete the program’s requirements and graduate are awarded with a Juris Doctor degree in law and a Master’s degree in Business Administration. The pursuit of a JD-MBA degree is ideal for those who are interested in practicing law within the context of business and the corporate world.
Graduate schools started offering JD-MBA programs because of the growing number of people who wish to pursue both fields after undergraduate school. Considered by many as two of the most lucrative fields and industries, the existence of a graduate program that combines law and business administration is advantageous not only to business and law schools, but also to students. Harvard, Stanford, and University of Memphis are just three of the schools that currently offer JD-MBA programs to their students.
Common requirements in applying for JD-MBA programs include scores to applicable tests, college transcript, recommendation letters, and a personal statement essay. For the latter requirement, you may have to structure it differently because you’re pursuing a joint degree and not just any Master’s degree. It’s advisable you browse through sample law school personal statement essays and look for those tailored towards joint degrees.
What are the benefits of studying law and business at the same time?
One obvious benefit of pursuing a JD-MBA degree is the time and money you’ll save. By enrolling under a JD-MBA program, you basically halve the time you’ll spend in graduate school if you pursue both fields separately. A JD-MBA degree is also beneficial in that it provides a kind of safety net for individuals should they fail to succeed in any one of the fields. If you feel that practicing law isn’t your forte, you can pursue a career in business and finance because of your MBA.
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