Monday, February 19, 2018
A new Gallup poll that surveyed law school and business school grads found that the vast majority (80% in the case of JD holders who were surveyed) thought their schooling prepared them well for life after grad school. And most (77%) do not think their law degree was worth the financial investment. The survey results are based on a poll of 4,000 adult, postgraduate degree holders who graduated between 2000 and 2015. Here are some pertinent excerpts from the Gallup survey summary:
Masters of business administration (MBAs) and law degree graduates are less likely than other postgraduates to say their graduate degree prepared them well for life outside of graduate school and that it was worth the cost. Only two in 10 MBAs and law degree holders say their education prepared them well, while half of medical degree holders say the same.
Law graduates, in particular, rate the value of their degree poorly. Less than a quarter of law degree holders strongly agree that their education was worth the cost, compared with about six in 10 of those with medical (58%) or doctoral (64%) degrees.
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While both medical and law degrees are expensive, law degree holders may be less likely to say their degree was worth the cost because of the weak job market for those with a law degree in recent years. Additionally, doctoral graduates may rate the value of their degree highly because many receive financial aid during their programs in the form of teaching and research assistantships.
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Likely contributing to their lower ratings of their degrees, postgraduates who received MBAs and those who received law degrees are also less likely than other postgraduate degree holders to report having had important support and experiential learning opportunities during their graduate programs. For example, less than a quarter of MBA (19%) and JD (24%) holders strongly agree that their postgraduate professors cared about them as a person, compared with about a third of those with other graduate degrees -- including other master's, doctoral and medical degrees.
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You can read the full report and survey results here.