Law or Med school?

s1185
Thu, 19 Jun 2008 04:45:32 +0000

It’s very easy to get into a law school, but most law schools are not worth your money (unless you get a free ride…). Only by graduating from the top schools or at the top of your class will you have the 160K salary available to you. Then there are those interested in public interest or public sector work - in that case, you will want to get enough scholarships so that you don’t graduate with loads of debt (or “waste” daddy’s money). See [Empirical Legal Studies: Distribution of 2006 Starting Salaries: Best Graphic Chart of the Year](http://www.elsblog.org/the_empirical_legal_studi/2007/09/distribution-of.html) You want to be in the hump on the right, not the left.

Unlike law schools, where you go to medical school does not matter much. On the other hand, it is hard to get into a medical school. Perhaps as hard (or harder) as getting into a first tier law school.

If you’re in it for the money, law school is a better deal, if you take into account opportunity cost and time value of money.