The Upside: A Better Way for B-Schools

The old ‘Greed is Good’ mantra of Wall Street may be going the way of big hair. A movement among business managers and executives of tomorrow to sign a voluntary pledge to uphold the common good today has created a soul-searching stir in academe and beyond…

Eight (of the 1 million) Reasons Not to Go to Law School in a Recession

Just when you’ve gotten used to spending your days curled up in a pink Snuggie watching game shows, UPS knocks at your door to deliver your future.

It comes from the law school you’ve been deferring for two years in hopes that you’ll find a scholarship, strike oil, or win big on Deal or No Deal. Inside is a leather bound notebook and a brochure showing how much fun you’d be having at said high-priced law school. There are pictures of attractive (but not too attractive) twenty-somethings playing soccer on the lawn and holding Tarts for Torts bake sales.

You almost buy it. Then you remember that the only thing worse than being broke and unemployed is being a broke, unemployed and $200,000 in debt.

Here are eight reasons it’s unwise to hide out in law school during the recession.

1. Paying $150,000 to defer unemployment will not get you a job

Since it’s nearly impossible to take economics courses without destroying your GPA, law students tend to bypass courses that help them understand the obvious: the supply of lawyers is greater than demand. Hence, you may not find a job after law school…