I saved more than $50k for law school, only to sit during the admissions test, and think that I should not invest in law school.

No top MBA program is going to accept students without at three years or so of business experience. It's a crucial part of the experience to be able to learn about industries, jobs, companies, and actual practices from your classmates. I would not attend any MBA that accepted students without meaningful work experience.

At my program, IU, we were put into 4 person teams for the entire first semester (for all classes). My team included a guy who traded options for a family wealth fund on the Chicago Board, a guy who worked as a risk manager at the bank of Korea, and a woman who had previously worked as an engineer for Tata. And me doing my JD/MBA. We learned a massive amount from each other and the rest of our classmates. And for those of us that weren't born with any kind of family connections, it was the chance to network.by showing of your talent to people who had contacts and will themselves be decision makers at some point.

Don't pay a large tuition unless you're getting what you paid for. Don't go to a MBA or JD program outside the top 50 unless you're getting a scholarship or get in state tuition or something.

/r/personalfinance Thread Parent