- How to Pursue MBA after Law: Step-by-Step Guide
- How to Pursue MBA after Law: Eligibility Criteria
- How to Pursue MBA after Law: Benefits
- How to Pursue MBA after Law: Specializations
- How to Pursue MBA after Law: Career Prospects
- How to Pursue MBA after Law: Salary
- How to Pursue MBA after Law: Best Colleges
- MBA After Law: How good is it?
- Faqs
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:
Bangalore Institute of Management Studies - (BIMS), Bangalore | |
Narsee Monjee Institute of Management Studies - (NMIMS), Mumbai | |
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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