Updated October 18, 2022
MBA in Law is a two-year postgraduate degree program that brings law and business management together. The course involves the study of various concepts of commercial laws associated with an organization, firm or industry. It also focuses on various lawsuits related to the corporate world and essential topics like Business Communication, Organizational Behavior, Operations Research, Accounting, Quantitative Methods and so on.
The minimum eligibility criteria for pursuing the program are that the candidate must be a Bachelor’s degree holder in any disciple from a recognized institution with a minimum aggregate of 50% marks. However, the first preference is given to the graduates in Business Law. The average fees charged for the program in India at different institutions range from INR 3 to 8 Lakh Per Annum, depending on the institutes’ reputation and authority.
MBA in Law Course Highlights
Tabulated below are some of the key highlights of the Master of Business Administration in Business Law course. So, check out below to know the program at a glance.
|Course Name||Master of Business Administration in Business Law|
|Other Name||MBA in Law|
|Education Level||Post Graduate|
|Course Type||Degree Program|
|Duration of the Course||Two years|
|Exam Pattern||Semester Wise|
|Minimum Educational Qualification||Bachelor’s Degree in any stream from recognized institutes with a minimum aggregate of 50% marks|
|Admission Process||Entranced and Merit Based|
|Average Course Fee||INR 3 to 8 Lakh Per Annum|
|Average Starting Salary||INR 3 to 10 Lakh Per Annum|
|Employment Areas||Academic Institutions, Sales Tax & Excise Departments, Legal Consultancies|
MBA in Law Eligibility Criteria
Candidates wishing to apply for MBA in Business Law need to fulfill specific eligibility criteria. The criterion for eligibility may vary from institution to institution but below mentioned are the most common ones followed by the most institution offering the program.
- The Aspirants must have completed graduation in any discipline from a recognized institute with a minimum aggregate of 50% marks.
- Those aspirants who are in the final year of graduation and waiting for the results can also apply to the program.
- Those who are Bachelor’s degree holder in business law is given first preference over other degrees.
MBA in Law Admission Process
Admission to MBA in Law program is made based on the merit of the candidates in their bachelor’s degree. Some colleges/universities also conduct entrance examinations followed by a group discussion round and personal interviews. Applicants must perform well in all the rounds to get selected for admission. Below are the essential steps involved in the admission process for the program.
If the college where admission is provided based on the individual score of the candidates in their graduation exam.
- Upon checking the eligibility criteria, candidates must apply for admission to institutions of their choice.
- In due course of time, the institutions release the merit list of the shortlisted candidates. And candidates who made it to the Merit list are allotted admission seats.
If the college/universities where admission is provided based on the entrance exam’s performance of the candidates.
- Aspirants must apply and appear for the entrance exam of the respective institution to which they have applied for admission.
- After qualifying for the entrance test, candidates face a group discussion and a personal interview. And based on the overall performance of the candidates, the institutions allot admission seats to qualified candidates.
Popular MBA in Law Entrance Exams
Various colleges and universities grant admission of students to the MBA in Business Law program based on the entrance exam conducted all around the country. Enlisted down are some of the popular entrance exams for the program.
- XAT (Xavier Aptitude Test)
- CAT (Common Aptitude Test)
- MAT (Management Aptitude Test)
- SNAP (Symbiosis National Aptitude Test)
- CMAT (Common Management Admission Test)
Break-down of MBA in Law Syllabus
The MBA in Law is a two-year PG degree program that comprises four semesters of study. The course curriculum for the program is designed to train the students on various advanced legal and ethical components of the corporate world. Legal factors include dispute resolution, constitutional law, torts and contracts. Tabulated below is the year-wise syllabus breakdown for the MBA in Law Course.
Particulars of Master of Business Administration in Law Syllabus
|First Year||Law of contract|
|Central Excise Act|
|The Competition Act|
|Consumer Protection Act|
|International Business Law|
|Introduction to Business Law|
|Economics & Management Decisions|
|International Accounting and Finance|
|International Accounting and Finance|
|Contracts of Guarantee and indemnity|
|Second Year||Law of Partnership|
|The Company’s Act|
|Law of sales of Goods|
|The Foreign Exchange|
|International Trade Law|
|Banking & Insurance Law|
|Regulation to Information|
|Intellectual Property Laws|
|Law of Negotiable Instrument|
|International Human Resource Management|
|Information System/Operations Management|
Top MBA Business Law Colleges in India
MBA in Law is a very reputed course, and several institutions in India offer the program. Some of the leading institutions that offer the program is listed below.
- Praxis Business School, Kolkata
- Vellore Institute of Technology, Vellore
- Indian Institute of Management, Kolkata
- Indian Institute of Management, Bangalore
- Mahatma Jyoti Rao Phoole University, Jaipur
- Indian Institute of Management, Ahmedabad
- Symbiosis Institute of Business Management, Pune
- Narsee Monjee Institute of Management Studies, Mumbai
MBA in Law Career options and Future Scope
MBA in Law is undoubtedly the most aspired academic course in India as it promises ample career opportunities to the candidates. Post pursuing the course, students can explore employment opportunities in both the public and private sectors. Industries like Educational Institutes, Sales tax & Excise departments, Newspapers agencies, Business Houses, Legal Consultancies, Banks, New Channels, Regulatory Bodies, etc., hire the MBA in Business law postgraduates in different job roles and offer handsome salary packages.
Apart from taking up jobs and starting a professional journey, MBA in Business law postgraduates can pursue higher studies in the related field like Ph.D. in Business law. This higher degree course brings higher opportunities for the students as having a Ph.D. degree is considered the highest academic qualification in this field.
Popular Job Profiles After MBA in Law
Post pursuing the program, candidates can expect various employment opportunities with lucrative salary packages. Listed below are some of the popular job roles offered to the postgraduates of the discipline.
- Legal Advisor
- Legal Manager
- Business Analyst
- Business Managers
- Academic professional
- Business Process Analyst
- Business Development Executive
Master of Business Administration in Law Salary
The average starting salary for the postgraduates in Master of Business Administration in Business Law ranges between 4 to 10 lakh per annum, depending on the knowledge, skillset, recruiter, college from where the degree has been obtained, etc. However, gaining some experience and polishing their skillsets may increase their earnings. Below are some of the top job profiles offered to postgraduates with average salary tends.
- Legal Advisor INR 8- 9 Lakh Per Annum
- Legal Manager INR 6- 7 Lakh Per Annum
- Business Analyst INR 7- 8 Lakh Per Annum
- Business Managers INR 9- 10 Lakh Per Annum
- Academic professional INR 4 to 6 Lakh Per Annum
- Business Process Analyst INR 6 to 7 Lakhs Per Annum
- Business Development Executive INR 3 to 5 Lakhs Per Annum
Questions Mostly asked on MBA in Business Law
Ans:- Yes, MBA in Law is a postgraduate degree course in business management. The program involves studying the concepts of commercial laws associated with an organization, firm or industry. It also covers various lawsuits that form part of the legal machinery of the corporate world.
Ans:- Yes, one can pursue MBA after LLB. It is a two-year post-graduate program in business and management. The eligibility for an MBA after LLB is that the candidates must hold a bachelor’s degree with a minimum of 50% marks. MBA aspirants also have to clear entrance like CAT, MAT, XAT, etc..
Ans:- Career in Law is great but It depends upon your interest and so is the case with Business Management. Law courses are perfect if you aspire becoming a lawyer or a judge and judicial mechanism fascinates you. If you love business administration and possess leadership qualities, then MBA might be the better.
Ans:- Yes, the combination of law and management studies gives an upper hand to candidates and improves their proficiency in both areas dramatically. An MBA in law is one of the dual degrees that is very crucial in the era of a globalizing economy.