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Lawyers' Road to Riches: Econ Degree
Does your undergraduate major have any bearing on your success as a lawyer? Yes, but only if your major was economics.
That is the conclusion of a study, Do Economists Make Better Lawyers? Undergraduate Degree Field and Lawyer Earnings, unearthed by Bruce MacEwen at Adam Smith, Esq. The study concludes:
"Lawyers with undergraduate training in economics earn more than other lawyers, ceteris paribus, and economics is the only undergraduate field associated with earnings that differ significantly."
In fact, says the study, lawyers with economics degrees earn 12.7 percent more than other lawyers. That's not all. Economics majors tend to score the highest of all who take the Law School Admission Test. There is at least one economist on the faculty of each of the top law schools in the U.S., the study says, and it notes that prominent lawyers with economics training include Supreme Court Justice Stephen Breyer and 7th U.S. Circuit Court of Appeals Justices Richard A. Posner and Frank Easterbrook.
These findings, says MacEwen, do not mean that his blog's inspiration, 18th century economist Adam Smith, would be a lawyer if he were alive today. "But I know in my heart," MacEwen adds, "that he would have an active and energetic blog."
No word on where an English major gets you.
Posted by Robert J. Ambrogi on June 2, 2006 at 05:58 PM | Permalink
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