<p>
</p>
<p>If you get that MBA and go into investment banking, your pay will dwarf the pay of a first year legal associate. Look at Underthecounter.net they recently posted about Cravath’s upping of bonus pay. Here’s the headline: Young Lawyers Get Raise, Still Make Jack ****</p>
<p>That’s because if you’re hired as an associate at a BB I-Bank you’ll be starting with base 120, plus signing bonus, and then an end of year bonus that can go up to 100% of salary. And that’s just at an associate level. It keeps going up and up.</p>
<p>The difference is that in Investment Banking you’ll probably work more than you’re typical top tier firm associate. So you may be working more but you’ll be earning more at the same time. Although I hear Wachtell is a sweatshop, I read in Ridegeway’s Running of the Bulls that a girl at Lazart (boutique investment bank) worked 140 hours one week.</p>