A Quora reader recently asked whether it is a good idea to obtain an MBA after obtaining a law degree. This is a slightly tricky situation. It could perhaps be a good idea, but the answer depends on the individual's objectives and current financial situation. It's well known that law students interested in obtaining an MBA often pursue a JD/MBA while in law school. It's more efficient to obtain both degrees at the same time and it typically takes students one additional year of school (four total) to obtain both their JD and MBA.
Returning to the question, however, the largest factor centers on why these individuals are seeking an MBA. Perhaps these individuals are looking for a career change. If so, an MBA can provide that if they're interested in a career in finance, for instance. These individuals know about the severity of law school debt and the fact that they will be taking out even more debt for these two additional years of school. They'll just have to ask whether the potential debt is worth the expected value of an MBA. Only they can answer this question.
They'll also have to ask how much time they're willing to dedicate to obtaining another graduate degree. A happy medium may be pursuing a part-time MBA program, as they'll be able to continue receiving an income while obtaining their MBA. Two years of lost income may be difficult to bear, especially if they have prior debt from law school.
If they're interested in the content taught in a typical MBA program but are also concerned about debt, they can also try replicating the academic experience. There are many books and Internet resources that take a deep dive into the content. One popular resource that I’m aware of is Chris Haroun’s consolidated MBA course, which is found on Udemy.