When it comes to joint degree programs, the offerings can be as numerous as contestants on American Idol. Prospective students can choose from a veritable degree cornucopia that includes a JD done in conjunction with an MBA, MPA, MUP, MSW, MA, MS, PhD, or NBA. (This last is for the rare professional basketball player/lawyer).

The chief benefit of joint degree programs is that many allow one to obtain two graduate degrees in less time than it would take one to amass them singly. For instance, it would take the average student at the University of Michigan five years to obtain a law degree (JD), then a Master of Public Policy (MPP). Through the joint degree program, it can be done in four.

Such a benefit, with the additional prestige inevitably associated with two graduate diplomas, seems to make the joint degree as alluring as a Clay Aiken concert in Las Vegas. However, it’s important for students to understand the potential downside of joint degrees, as well.

Two of the largest revolve around a confusion some students have regarding joint degree programs and admissions and earning potential. With law school admissions growing increasingly competitive, some students think that joint degrees are an easier way to gain acceptance. With regard to money, the idea is that if a JD garners starting salaries in the 6-digit arena, then a joint degree must earn more.

Unfortunately these theories, like William Hung’s rendition of “She Bangs,” don’t necessarily bear up well under scrutiny.

Admissions

The reality is that it is often the case that students are required to obtain independent admittance to each of the programs to which they apply. This means that if you apply to the University of Pennsylvania’s JD/MBA program, you will have to be admitted to their law school (a top 10 program) and the Wharton School of Business (a top 5 program*), separately. Such a requirement can make it harder, not easier, to gain admission.

Earning Potential

If making more money is your objective, a dual degree may not advance your cause any more than a simple JD. Statistically speaking, there is no graduate degree that increases your earning power more than a law degree.




It’s also important to note that joint degree programs involve some additional opportunity cost. While accelerated, dual programs still require at least four years to complete, resulting in at least one additional year of school over a typical JD program. This means an extra year of high-priced graduate tuition and a missed opportunity to generate cash as you forfeit the opportunity to spend a year in the workforce.

In the end, joint degree programs can function as effective tools to build a skill set or to advance an already established career plan. However, students should carefully research the program with an eye to future employment to decide whether or not such a move is right for them. Because the additional degree will cost you time, money, and effort, it’s important to know why you need it for your career. While investing in a dual degree is far less risky than pinning your hopes on winning American Idol, the payoff isn’t necessarily as clear.