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Reach out to them via email and send a message introducing yourself and asking if they have any tips on transitioning from law to finance. There are example email templates on this site. Speak with the person on the phone, ask questions for 90% of the time, thank them, and make a “mini-ask” at the end.
- Investment Banking vs. Law: An Overview
- Qualifications For Investment Banking
- Qualifications For Law
- Work-Life Balance in Investment Banking vs. Law
- Special Considerations
- The Bottom Line
Investment bankingand law are popular career paths for ambitious young people who want the chance to pull in a good salary right out of university. Because these career paths draw from the same broad talent pool, many students face initial difficulty choosing between the two. On one hand, investment banking requires fewer years of school, which, fo...
Investment banking has fewer hard-and-fast educational requirements. However, most firms require a four-year degree at a minimum. Investment banks recruit almost exclusively from top-rated universities, such as Ivy League schools and the University of Chicago. Students who wish to become investment bankers but attend less prestigious schools can be...
The educational requirements for becoming a lawyer are much more rigid than those for becoming an investment banker. An aspiring attorney must complete a bachelor's degree and then attend law school—there is no way around that. Attaining a law degree, for the vast majority of students, requires at least seven years of post-secondary education. Foll...
Expect work to dominate the first few years of your life in either career. Investment bankers work 70 to 90 hours per week on average during their first year. This includes almost every Saturday and many Sundays. Vacation days are few, and leaving the office at 5:00 p.m. is a fantasy. Though work hours become more manageable as you build seniority,...
Investment bankers make a lot of money right out of school with just a bachelor's degree. As of 2023, a first-year analyst makes between $100,000 and $120,000 a year in base salary alone, according to Wall Street Oasis. This doesn't reflect total pay, however. Thanks in large part to aggressive bonus structures almost all firms pay, they may receiv...
Ambitious young people may find themselves drawn to investment and law alike. Both are popular career paths with high earning potential. However, there are differences in skills and qualifications for each field that are important to note. The field of law requires more formal education, including a degree from law school and successful passage of ...
- Greg Depersio
Mar 22, 2024 · Earning a law degree is a challenging and often expensive undertaking, so it’s important to feel confident that it’s a good path for you. To succeed in law school, you should be an ...
Aug 28, 2023 · 23. IB. Analyst 2IB - Cov. 1y. Law school is 3 years of $200k cost + opportunity cost of wages and big law starts at ~220. comparably, someone who sticks in IB will make 350+ in year 4 as a senior associate (made 190 this year as an analyst 1) the money is not comparable at all. As for the work, just do what you like.
Legal Aid Ontario starts anywhere in the range of 50-80k. Even considering the cost of attending law school, I personally do not think an 80-100k salary is mediocre. Government policy and law adjacent jobs pay a lot less over time than what lawyers in the public sector can make—150-220k as a 5+ year call.
Nov 21, 2014 · If you want to geek out on math, be a quant. I've done both lawyer and banker. I did both advice law (tax) and execution law (M&A and ECM). I prefer banking. You see the underwear of the economy more in banking. london-monkey - Investment Banking Associate: You should only go into law if you want to be a trial lawyer (i.e. arguing in court).
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Now, once you finished law school and began work, your compensation wouldnt be too far from a 4th year banker (low end). That website says a 4th year banker is pulling $225-280k and a first year in BigLaw pulls $235k. Banking5 vs BigLaw2 would be $270-400k vs $255k. Banking6 vs BigLaw3 would be $320-475k vs $307.5k.
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related to: should i pursue a law degree or investment banking programs that offer goodGain a degree that can help you make even more of a difference in our nation and world. Combine knowledge with your passion for justice and creating a safer future for everyone.
Ranked #17 Best Online Bachelor's Programs - US News & World Report
