How to Pursue MBA after Law: Benefits, Career Prospects, Best Colleges

Aindrila

Updated On: March 28, 2024 10:18 am IST

Wondering How to Pursue MBA after Law? Find all the details of pursuing an MBA after law along with the career prospects, benefits, and best colleges from this article.

MBA after Law

Law has always been a top career choice for candidates in India. With great job opportunities, a lawyer is able to make good money. However, there are individuals who have studied law but want to move to a different field. More and more students nowadays are interested in finance, accounting and business which opens up the possibility of getting great job opportunities. After studying law, individuals can shift to study the MBA course. Those wondering how to pursue MBA after Law need to give this piece a read. The MBA course is one of the most sought-after postgraduate courses in the country and students can get admission to the top MBA colleges in India after completing their bachelor’s in law. It is mostly seen that law students who wish to make their career in Corporate Law and fields similar to it prefer going for a master's degree in business studies. Candidates wondering how to become a lawyer after completing the MBA course have to read this article to understand the benefits, job opportunities and many more related information. 

This article provides candidates with similar interests with all the information about how to pursue MBA after Law and its benefits, best colleges, etc.

How to Pursue MBA after Law: Step-by-Step Guide

Some important facts that a student should know before going for an MBA after law have been listed below. These points will give proper insight to students regarding how to pursue an MBA, PGDM or Executive MBA after completing their law degree.

  • Students must have chalked out their future career plans before proceeding with an MBA after law. They must weigh the pros and cons and choose the best option for themselves.
  • Candidates must have a bachelor's or an integrated undergraduate degree in law as MBA is a master's level course.
  • Some management colleges require students to have certain work experience before they start with their MBA course. Hence, candidates must check if the college they are targeting has this rule or not.
  • Candidates will have to appear for a competitive MBA entrance examination that is accepted by the college in which they seek admission.
  • Choosing the ideal MBA specialisation is of paramount importance because that will play a major role in mapping the career graph of the candidate.

How to Pursue MBA after Law: Eligibility Criteria

Before applying for admission to any course, every student must be aware of the prerequisites that are set by particular institutes for that programme. Candidates should have complete knowledge of the MBA eligibility criteria after completing their law degree. The set of conditions are more or less the same for every college but institutes might have some specific criteria restricted to their MBA admissions. Therefore, all candidates must go through the eligibility criteria for MBA of the college in which they seek admission before they apply for the same. The application forms of students who do not meet the conditions will be rejected and their candidature will be cancelled. The basic MBA eligibility criteria followed by most of the institutions have been listed below.

  • All candidates must have completed their education up to the graduation level.
  • Given that the interested applicants will be law students, they must have either a bachelor degree in law or must have completed an integrated law course.
  • The university or college from which students obtain their undergraduate degree in law must be recognised and approved by the University Grants Commission (UGC) and the Bar Council of India (BCI).
  • Students who apply after completing the LL.B course must have completed a valid undergraduate degree from a recognised university before that. No restrictions regarding the stream and discipline of the UG degree are applied.
  • Candidates who have done an integrated law course like BA LLB course, BBA LLB course, B.Com LLB course, B.Sc LLB course, B.Tech LLB course, etc. are also eligible to apply.
  • The aggregate marks scored by students in their qualifying degree must not be less than 45 per cent to 50 per cent.
  • The candidates must have received passing marks in all the subjects that they have in their graduation.
  • The students will have to get some work experience of the required duration if they are applying to a college that accepts applications of candidates only after they have had some work experience.
  • While shortlisting colleges for MBA admission, candidates must check the entrance exam accepted by the college for admission to the MBA course. They must appear for the exam and get a valid score before the application process ends. However, some colleges in India provide admission based on their merit in the qualifying examination.
  • Some MBA colleges may also conduct rounds of Group Discussion and Personal Interviews for selecting students for admission. Hence, the applicants must be well-prepared for these rounds.

Also Read:Top Law Entrance Exams in India 2024

How to Pursue MBA after Law: Benefits

Candidates who are not sure if pursuing MBA after law will be a good choice for career growth should know the benefits of this combination. There are several benefits of pursuing an MBA after Law only if the candidate has a good idea about his/ her future goals. Check the list of points given below that explain the benefits of doing an MBA after the Law:

  • One of the most important pros of pursuing an MBA after Law is that a degree in business and management along with a degree in law degree creates a wider range of avenues for individuals.
  • Candidates can get recruited not only in a myriad of sectors but also for diverse job roles. Many new opportunities open for law graduates who also have a degree in MBA.
  • MBA bridges any knowledge gap that can be found when an individual works in the corporate field. It gives an extra edge to the candidate’s overall knowledge and working style.
  • The study of law helps students imbibe a more rigorous style of thinking and through an MBA they can develop skill sets such as that of teamwork and quantitative analysis. These things are taught more comprehensively in business schools and students can acquire more practical knowledge of corporations and businesses.
  • A combination of MBA and law studies acts as a gateway to entrepreneurship and will come in handy if a candidate is looking to establish his/ her law firm.
  • An MBA degree additionally helps candidates build a sound network while starting a new venture because a large number of MBA graduates have start-ups or ties with the ones that would boost up one’s business to a large extent.
  • A dual degree in the fields of law and management is of enormous use for transactional attorneys.
  • The salary of a candidate who has a law degree as well as an MBA degree is much higher than someone who is just a law graduate. Not only is this combination helpful for career growth and expansion but it also assures better financial stability.

How to Pursue MBA after Law: Specializations

MBA is such a field of study that offers vast opportunities and various specialization courses under one single degree. Depending on the interest of the candidates, various specializations can be studied by the students in MBA after law. The specializations offered to the candidates give a brief idea about how it functions and as a result, law graduates apply the same to their legal studies. Law graduates study MBA either to move into the management sector or to improve their skills. 

Senior lawyers who are into business law and entrepreneurship can also do MBA after law to get more knowledge on the administration and management proceedings. The MBA specializations offered to law graduates are:

MBA Human Resource Management

MBA Business Analytics

MBA Marketing

MBA Project Management

MBA Finance

MBA Supply Chain Management

MBA International Business

MBA Information Technology

MBA Event Management

MBA Banking

MBA Financial Management

MBA Systems Management

MBA Retail Management

MBA Airport Management

MBA Healthcare Management

MBA Sales and Marketing

MBA Data Analytics

MBA Hotel Management

MBA Interior Design

MBA Business Economics

MBA Sports Management

MBA Media Management

MBA Airline Management

MBA Entrepreneurship

MBA Digital Marketing

MBA Aviation Management

Also Read:How to Pursue Law after Studying Science in 12th

How to Pursue MBA after Law: Career Prospects 

The career prospects that open for candidates who do an MBA after law are diverse as well as lucrative. Individuals who are interested in corporate law, mergers and acquisitions, corporate governance, takeovers, investment and banking, financial and management accounts, etc have better opportunities in the job market. The combination of law and management studies gives an upper hand to candidates and improves their proficiency in both areas.

Candidates who are wondering if it will be a good decision to pursue MBA after Law should understand that these dual degrees are especially needed in light of the globalising economy in which the demand for both is at its peak. So, those who have both the in-demand degrees will attract companies and organisations providing exceptional career growth opportunities. The presence of this demand can be witnessed quite clearly in the corporate sector where a mix of management and law qualifications is considered to be a good and rare combination.

Now that candidates have understood how to pursue MBA after Law, they can look for the sectors where they can get jobs easily after completing their law and MBA degrees:

Law Firms

Aviation

Healthcare

Finance

Investment Banking

Retail and Supply Chain Management

Manufacturing

Real Estate

International Business

Government and PSUs

Service Industries

Marketing

Infrastructure

Education

Retail

Banking

Insurance

Tourism and Hospitality

Finance

Automobile

How to Pursue MBA after Law: Salary

Graduates who just have an LL.B or LL.M degree are usually less paid than those who have done their MBA after law. Candidates can study MBA after their LL.B program or after completing their LL.M degree and their pay scale is quite higher. The pay scale of a lawyer depends on quite a number of factors such as their work experience, job sector, their domain of expertise and the nature of their client. 

Lawyers are in general well paid but an MBA degree will provide a feather in their cap as the corporate lawyers will then get to work for big organizations and handle their legal issues. We have curated some job opportunities along with their salary for graduates with MBA after law. 

Job Roles

Salary (INR)

Corporate Lawyer

7 LPA

Business Legal Consultant

8 LPA

Taxation Lawyer

8.5 LPA

Case Management Lawyer

9.2 LPA

Business Development Associate

10 LPA

Sales and Marketing Specialist

9.5 LPA

International Lawyer

10.5 LPA

How to Pursue MBA after Law: Best Colleges

Students who are wondering how to pursue MBA after Law should understand that it is very important to get into a good college that provides quality education and career growth.  We have listed down some of the best MBA colleges that will be suitable for those who have studied law. Take a look at the list of colleges in the table below:

MBA After Law: How good is it?

MBA after law provides weightage to a student’s profile and enhances their opportunity in the current job market scenario. Students who are practising business-oriented law can pursue MBA to understand the variation of business management and help them structure their arguments and corroborate their legal point of view. MBA is really a good option to pursue after completing a law degree, but it depends on the students if they are really interested in business-related studies or the area of specialization they want to pursue. 

Candidates who have an MBA after law degree, have higher chances of getting jobs or clients as they know how law and business work. Law graduates need to thoroughly understand the subject and construct arguments or conduct legal research. 

A lot of job opportunities open up once you have studied MBA after law. Law graduates with a keen interest in management can take up management jobs after completing their MBA degree. The pay grade of these MBA graduates is also on the higher side as compared to candidates holding only a law degree. An MBA after law is definitely the best one to choose as candidates will have knowledge of both legal studies and business management. Candidates must surely understand the pros and cons of doing an MBA and take up their decision. 

Stay tuned to CollegeDekho to get more information about law admissions in India or MBA admissions in India. In case candidates have any doubts or queries, they can write to the QnA Zone where experts will answer all of their questions. They can also fill our Common Application Form (CAF) if they seek admission to a leading college in the country.

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FAQs

How to apply for MBA after law?

Candidates must first study law and get a degree, either LL.B or LL.M, after which they can apply for an MBA. To study MBA it is not mandatory to have an LL.M degree, students can also apply for MBA after completing their LL.B degree. To get into any good college for MBA after law, students must appear for any entrance exams, such as CAT, XAT, MAT, etc. After getting a good percentile in any of these entrance exams, candidates can take admission to any MBA college. 

What are the eligibility criteria to study MBA after law?

The eligibility criteria required to take admission into MBA after law is more or less the same for all colleges. Students need to have completed their Bachelor’s degree in LL.B or integrated law courses. Candidates who have an LL.M degree can also apply for an MBA course. The colleges or universities from which students have studied their undergraduate courses must be recognized by the UGC (University Grants Commission) and the Bar Council of India (BCI). The aggregate marks obtained by the students in their UG degree must not be less than 45% to 50%. 

What is MBA after law?

MBA is a 2-year postgraduate programme that can be studied after completing a degree in law. Candidates who will study MBA after law get extra advantages in terms of job opportunities. MBA will help to gain knowledge of international business markets, their trends and regulations, etc. The course is designed in such a way that graduates can work with international clients after completing their degree. MBA graduates will have knowledge of both legal and business studies. 

What are some of the top colleges that offer an MBA after law?

It is very important for students who want to study MBA to get into a good college, as it will provide them with good quality education along with good placement opportunities. Some of the top colleges where candidates can study MBA after law are IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, IIM Kozhikode, IIT Kharagpur, IIT Delhi, MIT College of Management, KIIT School of Management, Indian School of Business Hyderabad, Bangalore Institute of Management Studies (BIMS), etc. 

What benefits will I get if I study MBA after law?

There are many benefits of studying an MBA after law as candidates will have a degree in law as well as business management. Candidates will not only get opportunities in various sectors but they can also choose from a variety of career opportunities. While a degree in law will help students to do critical thinking, a degree in MBA will help develop the skill sets of the candidate. Candidates having a degree in MBA after law will offer a good pay scale for the graduates as they have a combination of skills. Law and management studies will help individuals who want to establish their own law firm. 

What are the different types of specializations offered in MBA after law?

MBA offers a variety of specializations who want to study the course after graduating in law. The candidates can choose from a variety of specializations offered to them in their MBA after law degree such as MBA International Business, MBA Finance, MBA Business Analytics, MBA Human Resource Management, MBA Financial Management, MBA Sales and Marketing, MBA Data Analytics, MBA Digital Marketing, MBA Entrepreneurship, etc. 

What subjects are taught in MBA after law?

In the MBA programme, there is a total of 11 core subjects and 35 elective subjects. Some of the subjects that students have to study in MBA after law are Corporate Social Responsibility, Macroeconomics, Business Law, Principles of Marketing Management, Principles of Accounting, Quantitative Methods and Statistics, Marketing Management, Business Communication and Soft Skills, Supply Chain Management, Financial Modeling, Marketing Research, Managerial Economics, Tools and Framework of Decision Making, etc. 

What are the jobs available for MBA after law graduates?

The MBA after law graduates have a myriad of opportunities available to them. As, these students have knowledge of both law and business management, they are considered by the top companies. Candidates can work as Corporate Lawyers, Business Lawyers, Legal Consultants, International Lawyers, Firm Managers, Human Resource Managers, etc. Both MBA and law are quite popular degrees and a combination of both will make companies choose them first and help in their career growth. 

What is the future scope of an MBA after law graduate?

Candidates who have completed their MBA after law are hired by some of the top companies such as Amazon, Google, HSBC, IBM, Cognizant, Axis Bank, WIPRO, Citi Bank, HDFC Bank, ICICI Bank, etc. Candidates can also apply for higher education such as PhD in International Business or International Relations, etc. A variety of opportunities are waiting for the graduates after they complete their MBA degree. 

Should I study MBA after law?

After getting a degree in law, if you feel you have an interest in business and management, then you must study MBA after law. The course is very lucrative but it completely depends on the candidate’s interest in the area of specialization. The course is definitely the best one as it offers knowledge of business while you already have legal knowledge. Before you apply for the MBA degree, understand what you actually want to study and then move forward with your decision. 

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Related Questions

What is the fee structure of mba..how much we have to submit in 1st year? And can we pay in installments

-Teesha NagdevUpdated on March 17, 2024 06:18 PM
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Hello Teesha,

The MBA course fee at Bhai Gurdas Group of Institutions adheres to the regulations set forth by the Punjab Technical University in Jalandhar and the Punjabi government. The fees are Rs 83,150 per annum. The fees had to be paid on an annual basis.

Hope this was helpful. Feel free to ask for any more queries.

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