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I want to work in financial crime. How useful is an MSc in Economic Crime before my JD?

Hi everyone. I want to work in financial crime, be it for th vanillawafer06/19/18
I doubt that this will do anything other than give you one m trollfeeder06/19/18
Yeah, I don't see this MSc as being very helpful toward JD e hairypalms06/19/18
Thank you, I appreciate it so much. I will concentrate on th vanillawafer06/19/18
I’m in this field. A CPA is the most useful pre JD creden neclasslawyer06/19/18
Get a useful undergrad degree as a back-up in case you don't jeffm06/19/18
If you take that online degree and use it in the real world dandydan06/19/18
You don't need 2 years to prep for the LSAT. The only th isthisit06/19/18
If you are interested in that kind of thing, try and become wearyattorney06/19/18
This is credited. OP, it's all about that pension. Most gove onehell06/21/18
I work in the field. The most valuable credentials are (in newyorkcity06/19/18
One of the absurd aspects of legal culture is that your non- passportfan306/19/18
What is your ultimate goal? To join a banks AML department? fompliance206/21/18
Ultimate goal--work in prosecution of financial crimes, eith vanillawafer06/21/18
Outside of Manhattan district attorney's office, very few st newyorkcity06/21/18
"a highly regarded online MSc" does not exist dingbat06/22/18
"a highly regarded online MSc" does not exist dingbat06/22/18
Newyorkcity is 100 % right To add on - financial crime pr fompliance206/25/18
vanillawafer (Jun 19, 2018 - 3:32 am)

Hi everyone. I want to work in financial crime, be it for the DA's office, the OAG, the NYC Law Department or elsewhere (preferably in the public sector).

How useful is an MSc in Economic Crime before I get my JD? I am currently living overseas and due to my husband's work contract we are here for another 2 years--just enough time for me to complete a highly regarded online MSc. My B.A. (joint program) is in Jurisprudence and Political Science.

I know that for many offices you start from the very bottom and work your way up, but does having further education in economic crimes help you get a small boost when hired?

Any thoughts? Thanks everyone.

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trollfeeder (Jun 19, 2018 - 7:52 am)

I doubt that this will do anything other than give you one more thing to say on your interview. Your time is better spent practicing for the lsat full time, and getting the best possible score.

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hairypalms (Jun 19, 2018 - 8:08 am)

Yeah, I don't see this MSc as being very helpful toward JD employment. They are going to take thos that graduated with good grades from the best law schools regardless of whether they have an MS in Economic Crime. All this stuff will be learned on the job.

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vanillawafer (Jun 19, 2018 - 8:11 am)

Thank you, I appreciate it so much. I will concentrate on the LSAT instead!

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neclasslawyer (Jun 19, 2018 - 8:49 am)

I’m in this field. A CPA is the most useful pre JD credential you can pick up.

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jeffm (Jun 19, 2018 - 9:03 am)

Get a useful undergrad degree as a back-up in case you don't like law school.

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dandydan (Jun 19, 2018 - 9:06 am)

If you take that online degree and use it in the real world then it is valuable. Other than that, not worth much. Based on your post, you seem to have our parents' generations' mentality that everyone should get a college degree. Like most others, a college degree is expensive and worthless. You can wait tables and deliver water without a degree.

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isthisit (Jun 19, 2018 - 10:51 am)

You don't need 2 years to prep for the LSAT.

The only thing that the MSc will hurt is your bottom line. Get it if you have the income for it but definitely give LSAT prep precedence at least 4-6 months prior to the test.

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wearyattorney (Jun 19, 2018 - 11:06 am)

If you are interested in that kind of thing, try and become a cop. I’m serious. You will make more money, have better benefits and more respect than most lawyers. You will retire in your early 40s or 50s and start a second career doing whatever you want, and you’ll have a pension that exceeds most lawyers salaries providing job security for life. If you are smart, you might be able to get into the unit that handles financial crime for the relevant department.

Do not go to law school unless your family or spouse is independently wealthy. I know you probably won’t listen, but it’s always worth a chance to try and put someone on the right path.

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onehell (Jun 21, 2018 - 12:10 pm)

This is credited. OP, it's all about that pension. Most government workers have a defined benefit pension but they have to hit something close to normal retirement age to collect. Cops can collect at 20 years regardless of age so you see them "retiring" in their early to mid 40s. If you're reasonably well-liked, administration will even send more OT your way in the last few years before you "retire" so that you can "stack" your pension, plus you can rent out your badge and get a really nice side income working private security.

In fact, if you become a cop right out of college you "retire" from the municipal police at 42, and then start work the next day at the sheriff's office. Same job in the same area, but technically a different department so now you're collecting both pension and salary. Then in another 20 years, you retire again, at 62, still 5 years earlier than normal retirement age, and collect double pensions.

There's even a guy in my town who is hitting the trifecta: 2 pensions from two different police departments and a six figure salary as a city manager. Dude has nothing but a high school diploma and an online degree from University of Phoenix and he's pulling down like 300k between the salary and double pensions.

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newyorkcity (Jun 19, 2018 - 1:26 pm)

I work in the field. The most valuable credentials are (in order): 1) top law school, 2) C.P.A., 3) cyber-security expertise, and lastly, 4) law enforcement, but only if you can get into an economic crimes department, which is probably just as competitive as getting into a top law school. Nevertheless, the comment above is correct, "you can wait tables and deliver water without a degree." So if you want to wait tables and deliver water, you shouldn't get a degree.

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passportfan3 (Jun 19, 2018 - 2:39 pm)

One of the absurd aspects of legal culture is that your non-legal experience counts for almost nothing in the hiring process.

While there are a few exceptions (like hard science experience when applying for patent law jobs), the vast majority of legal hiring is based on school, rank and law review.

Once you have the job, your skills and experience from other fields may help you greatly.

But no one will care during the interview and hiring process.

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fompliance2 (Jun 21, 2018 - 7:35 am)

What is your ultimate goal? To join a banks AML department? If so I would have other advice

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vanillawafer (Jun 21, 2018 - 9:27 am)

Ultimate goal--work in prosecution of financial crimes, either at the state or federal level.

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newyorkcity (Jun 21, 2018 - 3:37 pm)

Outside of Manhattan district attorney's office, very few state governments prosecute financial crimes. State governments prosecute rape, murder, robberies. Even in city like Chicago, the number of state prosecutions of financial crimes are virtually non-existent.

So your options are either U.S. Attorney Offices, which value top law school over everything else, or Manhattan D.A.'s Office. I have seen a number of Manhattan Asst.D.A.'s who didn't come from top law schools, but they all have to put in several years doing general crimes before they can specialize.

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dingbat (Jun 22, 2018 - 10:25 pm)

"a highly regarded online MSc" does not exist

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dingbat (Jun 22, 2018 - 10:25 pm)

"a highly regarded online MSc" does not exist

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fompliance2 (Jun 25, 2018 - 7:23 am)

Newyorkcity is 100 % right

To add on - financial crime prosecution is also now super hot bc everyone knows they can transition to a senior private side role for 3-5x as much money

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