Doing the LPC or doing a masters in Economics?

I'm wondering which one is better for me, career wise. I'm going to graduate with a Law LLB degree, and if all goes well I should achieve a 2:1. I haven't secured a training contract, so I would have to fund my own LPC. On the other hand, doing the masters in economics would allow me to get the postgraduate loan from student finance. I must also note that my A-Levels weren't great, I only got BBB, which makes it pretty hard to secure a training contract.

My reasoning for thinking about a postgraduate degree in Economics is that it may open career paths in other jobs such as banking, which requires a degree that teaches you quantitative skills. The law degree I have currently does not fit into that criteria.

So which one would be a better choice? One of my friend told me that doing a masters is not good as only people with bad grades do masters, and she straight up recommended me to do the LPC. I'm still unsure about it though since getting training contracts are hard, and if I don't get one by the end of my LPC I would have thrown at least 10k down the drain.

Reply 1

Tcannon

18

Good MSc Econ courses (targets for banking recruiters) require undergrad modules in micro, macro, calculus, stats and econometrics. You will unlikely be admitted straight with a LLB.

Reply 2

Duncan2012

19

Do you want to be a lawyer or not?

A postgrad course in a quantitative subject won't teach you concepts, you'll be expected to know them from your undergrad degree.

Your friend is an idiot if she really thinks that "only people with bad grades do masters".

Reply 3

Jacklicy

OP

10

Original post by Tcannon

Good MSc Econ courses (targets for banking recruiters) require undergrad modules in micro, macro, calculus, stats and econometrics. You will unlikely be admitted straight with a LLB.

Well the one I'm looking at from City said that a 2:1 from Law is admissible for its MSc Econ or Msc Buisness Econ. Not sure if it is “good” though.

Reply 4

Jacklicy

OP

10

Original post by Duncan2012

Do you want to be a lawyer or not?

A postgrad course in a quantitative subject won't teach you concepts, you'll be expected to know them from your undergrad degree.

Your friend is an idiot if she really thinks that "only people with bad grades do masters".

I do want to be a lawyer, but not enough that I would risk spending an extra 12k or so and be left with a LPC and no training contract. As far as I know, having a LPC wouldnt exactly help me get into a grad scheme in fields other than law.

Reply 5

post-grad-u-ate

11

Original post by Jacklicy

I'm wondering which one is better for me, career wise. I'm going to graduate with a Law LLB degree, and if all goes well I should achieve a 2:1. I haven't secured a training contract, so I would have to fund my own LPC. On the other hand, doing the masters in economics would allow me to get the postgraduate loan from student finance. I must also note that my A-Levels weren't great, I only got BBB, which makes it pretty hard to secure a training contract.

My reasoning for thinking about a postgraduate degree in Economics is that it may open career paths in other jobs such as banking, which requires a degree that teaches you quantitative skills. The law degree I have currently does not fit into that criteria.

So which one would be a better choice? One of my friend told me that doing a masters is not good as only people with bad grades do masters, and she straight up recommended me to do the LPC. I'm still unsure about it though since getting training contracts are hard, and if I don't get one by the end of my LPC I would have thrown at least 10k down the drain.

If you want to specialise in banking then a masters would be ideal.

Queen Mary in Paris offers an LL.M. in Banking and Finance Law so to study in Paris for one year with the University of London would be incredible and picking up language skills in the process.

City University offers LL.M. International Banking Law

Birmingham offers LL.M. Banking Law

You can only fund a LPC through a development loan from the bank plus scholarships.

Reply 6

999tigger

19

Original post by post-grad-u-ate

If you want to specialise in banking then a masters would be ideal.

Queen Mary in Paris offers an LL.M. in Banking and Finance Law so to study in Paris for one year with the University of London would be incredible and picking up language skills in the process.

City University offers LL.M. International Banking Law

Birmingham offers LL.M. Banking Law

You can only fund a LPC through a development loan from the bank plus scholarships.

Is this with the intention of getting into Banking or a TC?

Reply 7

Jacklicy

OP

10

Original post by 999tigger

Is this with the intention of getting into Banking or a TC?

If I recall correctly, getting an LLM is not looked upon favourably by law firms, and they prefer a year's experience working in the field rather than getting an LLM. As for getting into banking, I don't think LLM is going to help as in the end you will not be gaining any quantitative skills from the course.

(edited 7 years ago)

Doing the LPC or doing a masters in Economics?

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