Lawyer should i get an mba
Advanced Corporate Finance — Students study the major decision-making areas of managerial finance and financial theory. Areas of financial management covered include leasing, mergers and acquisitions, corporate reorganizations, financial planning, and working capital management. Corporate Development: Mergers and Acquisitions — Students explore the various modes of corporate development available to managers to drive firm growth and change, including alliances, outsourcing, corporate venturing, and mergers and acquisitions.
Formation and Implementation of Entrepreneurial Ventures — This advanced course in entrepreneurship examines ways to profitably launch and exploit business opportunities. Students acquire the skills necessary for crafting a winning business model for ventures — developing and writing a coherent and effective plan to start a business, in either an independent or a corporate setting. Introduction to Real Estate — The class focuses on four areas: 1 The financial risk and return of property-level real estate investments.
Negotiations — This course develops managerial negotiation skills, covering a wide range of problems and settings: one-shot deals between individuals, repeated negotiations, negotiations over several issues, negotiations among several parties within and between organizations, and cross-cultural issues.
Strategy and Competitive Advantage — The class focuses on how firms can create and sustain a competitive advantage. Topics include the creation of competitive advantage through commitment, competitor analysis, different organizational responses to environmental changes, real options, modularity, and increasing returns. We asked current UF MBA students who work as lawyers why they decided to pursue an MBA and how their business education is benefitting them in their career.
First, his law firm is growing quickly and needed a plan to advance into its next stage successfully. For Nick Aviles, pursuing an MBA would not only be beneficial in his current role, but also help him accomplish his future goals — both professionally and personally.
Lawyers seeking employment as in-house counsel for corporations may reasonably consider whether earning an MBA will enhance their chances of securing such a position.
The intuitive answer is yes — the MBA, by giving the candidate a better understanding of how business operates, should make her more attractive to the corporation. In addition to helping a lawyer understand how a business operates, having an MBA carries some other advantages. For example, a lawyer with an MBA is far better suited to participate in, and make meaningful contributions to, a broader range of strategic planning.
This is a definite benefit for the employer that needs to develop a business strategy that dovetails with legal requirements. The corporate lawyer with an MBA has an inventory of relevant tools and skills in common with colleagues that permit them to all speak the same language. Another benefit, though less tangible, is that the lawyer with an MBA has more credibility in the C-suite.
In addition, from the perspective of a lawyer looking for a corporate job, having the MBA also gives access to a much larger alumni network -- an invaluable tool when job-hunting. It may be that an MBA is a better credential for the lawyer joining a law firm or establishing a private practice. Most large corporations already have many MBAs working for them.
The degree is much rarer in law firms.
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