Are the job prospects for a Master of Laws really as bad as said?

The employment prospects of a master of law degree are naturally very similar to those of other law students, and other answers have already covered a lot of them. Here I will focus on Fa Shuo’s employment in commercial banks: What positions does Fa Shuo generally hold in banks? How relevant are these positions to the law? What are the approximate proportions of people engaged in different types of jobs?

In order to clarify this issue, Will used the Master of Laws of Wuhan University as a pool and randomly selected a number of samples, hoping to get a glimpse of the leopard. Why choose Wuhan University for Master's degree? Will doesn’t know either. Maybe it’s because Wuhan happens to be at the geometric center of China. You have to choose one, right?

Sampling Survey on Employment Positions in Commercial Banks with Master of Laws at Wuhan University

33 samples were randomly selected. The work experience and graduation time span are quite wide. Over the years, graduates of Master of Laws have been in What do you do in a commercial bank? As shown in the table above.

According to the relevance of different jobs to the law, they are divided into three categories: "strong, medium, and weak":

Positions with "strong" legal relevance include: legal affairs (position name or For: Legal Affairs, Legal Manager, Legal Advisor, Financial Legal Affairs, Legal Compliance), Corporate Lawyer, Anti-Money Laundering. Accounting for 33.3%.

Positions with "medium" legal relevance include: internal control and compliance, risk management (job titles may be: risk management, risk control, risk review), write-off of non-performing assets, asset preservation, and listing office , Investment Banking Department. Accounting for 36.4%.

Positions with "weak" legal relevance include: public (private) account manager, branch head, credit project review, fund management, and electronic supply chain. Accounting for 30.3%.

Positions in the financial industry can generally be divided into front-office, middle-office and back-office. Many legal master's jobs are concentrated in the front-office and middle-office. It is clear that front office positions are weakly related to law. Fa Shuo entered the bank and engaged in front-office business, which basically meant abandoning the law. Of course, the work content of front desk positions will also involve a little bit of law.

Mid-office positions, such as internal control and compliance, risk management, asset preservation, and investment banking, are all closely related to law. They will use a lot of law, but they will also use other financial, Financial literacy. And legal affairs and corporate lawyers are 100% legal positions.

Based on this small sample, Fashuo’s work in the bank accounts for about one-third of the work that has strong, medium, and weak legal relevance.