Lyin’ Brian: Go to law school! Avoid the slow economy; we have on-campus recruitment for jobs that start at $140,000 a year!
Generic Undergrad Dude: Those are just BigLaw lobs, available only for a tiny fraction of the student body.
Lyin’ Brian: Go to law school! C’mon, buddy boy! $140,000 a year ain’t nothin’ to sneeze at!
Generic Undergrad Dude: Are you aware of progressive tax brackets and having to work up to 80 hours a week in an unstable (probably non-career) position?
Generic Undergrad Dude: MidLaw and boutique firms don’t hire inexperienced law graduates.
Lyin’ Brian: Go to law school! Get a smaller, local firm job then: median income of a solid $60,000 a year, just to start!
Generic Undergrad Dude: Those are still hard to get, law school doesn’t teach practical skills, and the market is more saturated than a full-sized tub of Land o’Lakes.
Lyin’ Brian: Go to law school! I don’t believe you! Don’t be a negative Nancy!
Generic Undergrad Dude: If most law graduates can’t get Big or Mid law, won’t we all be pushed into small law? How then could “smaller, local” firms absorb tens of thousands of totally inexperienced graduates every year?
Lyin’ Brian: Go to law school! You can find any job you want with Guerilla Tactics!
Generic Undergrad Dude: Not if there aren’t any jobs in the real-world market. Why don’t you get a tenure-track position then, if your “guerilla tactics” work so well?
Lyin’ Brian: Go to law school! Network!
Generic Undergrad Dude: Network with whom? Other unemployed law graduates?
Lyin’ Brian: Go to law school! Network with the big boys: The hiring managers!
Generic Undergrad Dude: The same ones who aren’t hiring us anyway? How would that help?
Lyin’ Brian: Go to law school! Don’t forget, a law degree is versatile!
Generic Undergrad Dude: How is a professional degree “versatile” if it doesn’t even get me a job in its own profession?
Lyin’ Brian: Go to law school! You can use it anywhere!
Generic Undergrad Dude: Anywhere besides law? Why should I go to law school at all?
Lyin’ Brian: Go to law school! You could work for corporate management!
Generic Undergrad Dude: Why not go to M.B.A. school then?
Lyin’ Brian: Go to law school! You could open your own business!
Generic Undergrad Dude: Maybe I should get a business loan instead of a student one.
Lyin’ Brian: [Panics] No, no, no! Go to law school! It teaches you how to think!
Generic Undergrad Dude: You are aware that potential 0L’s already have a college degree and a total of at least 16 years of formal education?
Lyin’ Brian: Go to law school! College is better the second time around!
Generic Undergrad Dude: [Sighs]
Lyin’ Brian: Go to law school! You can find a job with Guerilla Tactics! Network, network, I say!
Generic Undergrad Dude: [Leaves]
Lyin’ Brian: Go to law school! Don’t walk away! I am a career services stuper-genius! I mean, super-genius! Network! Network! . . . . N-E-T-W-O-R-K! [he gives chase]
We should sign off on all posts here with the following prime directive of law school: Law/Art/Cooking/Clown School is run for the benefit of the law/art/cooking/clown school, and not the student or society. Once we understand that principle, everything else makes sense. Lyin’ Brian doesn’t care if you go to law school exactly, or whether a J.D. is ‘versatile’, he just wants that sweet, sweet student loan transfer payment. The only career services he provides is to his own. Smile! :-)
Meanwhile, in recent “shocking” headline news, over one-third of all student loan holders (not just law school) under the age of 30 are now behind on their payments, while investors are buying up bonds based on those loans, betting cold hard cash that they will be paid back with interest! LOL!:
SLM Corp., the largest U.S. student lender, last week sold $1.1 billion of securities backed by private student loans. Demand for the riskiest bunch -- those that will lose money first if the loans go bad -- was 15 times greater than the supply, people familiar with the deal said. . . .
Federal and private student-loan borrowing totaled $966 billion at the end of the fourth quarter, up 11% from a year earlier and 51% since 2008, according to the Fed report, part of its quarterly analysis of household debt and credit.
People under 30 are struggling the most. The delinquency rate jumped to 35% last quarter from 26% in 2008, according to the Fed report.
—“Student-Loan Securities Stay Hot: Investors’ Hunger for Returns Is Driving Demand Even as More Borrowers Fall Behind on Their Payments”, Wall Street Journal (March 4, 2013).
Yeah . . . a lotta Super-Geniuses here, all-around . . . .
Preston Bell (premeditatedmeditations.com) is the author of the (free) satire about the Law School situation: Smarter Than Socrates: The End of the Law School Era.