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Jagpreet
19 September, 2024
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“Don’t join an easy crowd; you won’t grow. Go where the expectations and the demands to perform are high.” – Jim Rohn.
Think back to the iconic courtroom drama in Jolly LLB 2 movie, where Jagdish Chandra, the underdog lawyer, topples corporate giants. It’s a powerful reminder of what the law can achieve—fighting for justice and making a real impact. But what if you could take your legal expertise even further? What if you could add a new dimension to your skillset and open doors to broader career opportunities?
Enter the MBA. In this blog, we’ll explore how an MBA course for law graduates can be the perfect blend to tackle complex business challenges. With this dual qualification, you’ll have a distinct edge that employers across industries will find irresistible.
Do you also think, “What Should I do after LLB or Law degree?”Well, your law degree sharpens your analytical and critical thinking skills, but the business world demands something extra. It requires an understanding of Financial statements, Marketing strategies, and Operational efficiencies. This is where an MBA comes into the highlight. It will equip you with this acumen and prepare you for business. An MBA with a Law degree will open the door to new opportunities you cannot choose just with a law degree. You can go for leadership positions in MNCs as well.
Will investing in an MBA after law be a good choice? We have made it easier for you by enlisting a few benefits of pursuing an MBA after law.
Diverse Career Options: The combination of business and law opens several career opportunities for you. That is why many students opt for the BBA-LLB combination as well.
Entrepreneurship on the Way: With your legal expertise and business skills, you can start your own law firm or consultancy for businesses.
Gateway to Executive Positions: Sitting in the topmost positions in a company often requires a thorough understanding of the business laws and their intricacies. MBA after law will aptly prepare you for this.
Get Higher Salary: Earning an MBA has always been the ticket to get a competitive salary in the job market.
Expand your Network: The MBA coursework is a great way to connect with industry experts and peers from diverse sectors. And corporate is all about connections and collaborations. This benefits you in many ways, from getting job opportunities to learning market tactics.
An MBA after Law programme can be a stepping stone to upgrade your career. It will equip you with the knowledge and skills to excel in business settings. You will be learning from marketing and finance to management and entrepreneurship. But before you get lost in your dream career of an MBA after LAW, you need to know whether you are eligible for this programme. There are criteria mentioned for pursuing an MBA programme.
Bachelor’s Degree: You will need a bachelor’s degree in law, most likely an LLB or a similar qualification, from a recognised university.
Minimum Marks: Although the exact percentage varies across institutions, most B-schools (business schools) set a minimum threshold, often around 50% —55%, to ensure a baseline academic competency.
Some colleges do not require entrance exams , while others do. The popular choices in India include CAT, XAT, GMAT, and MAT.
Experience Adds Weight: If you have a few years of job experience, it will boost your candidature. Some Business schools accept freshers as well.
Demonstrating Skills: You can demonstrate the transferable skills you developed during your legal career via work experience. For example, negotiating well in court could be useful when closing deals.
Congratulations! After getting your law degree, you are prepared to take on the legal profession. Maybe you want to extend your career horizons. Getting an MBA after Law could be the ideal way to start thrilling new adventures. However, selecting the best MBA specialisation may feel like a burden as many options are available.
This is a perfect fit for you. You will get more insight into intellectual property, acquisitions, and corporate law, which can help you while negotiating intricate commercial agreements. For instance, you can help a tech start-up stay ahead of the curve by guiding them through the legal ramifications of their most recent breakthrough. Here is the syllabus of Business Law:
Law and finance are two sides of the same coin. You can gain skills in Risk management, Investment techniques, and Financial modelling with an MBA in Finance. This skill set is essential for solicitors who focus on corporate finance or banking. You might find yourself offering advice to a business on how to get the most out of its first public offering (IPO). Here is the syllabus mentioned for Finance specialisation:
The foundation of legal practice is employment law. Managing and developing people within a business is made possible by an MBA in HRM, which expands on this knowledge. Employee relations, performance management, and hiring will all become areas of expertise for you. You will have the responsibility to ensure the company complies with labour regulations and cultivates a positive work environment.
There are no longer geographical boundaries in our world. Your ability to explore international tariffs and comprehend cultural subtleties in negotiations is enhanced with an MBA in International Business. After pursuing this specialisation, you will be dealing with international contracts and making sure regulations are followed in various jurisdictions, which will benefit greatly from your legal expertise.
You can become your own boss if you do not want to step forward in the corporate world. The resources and expertise needed to bring your business idea to fruition are provided by an MBA in Entrepreneurship. In this specialisation, you will study researching the market, creating a company plan, and obtaining capital. Your legal background will be quite helpful in structuring your firm and ensuring it complies with the law. You can consider starting your legal tech company and revolutionising the legal sector.
Top Job Titles & Salary Ranges
| Career | Average Salary (INR) |
| Corporate Lawyer | INR 9.3 LPA |
| Legal Consultant | INR 7.5 LPA |
| Compliance Officer | INR 7.4 LPA |
| Intellectual Property Manager | INR 17 LPA |
| Contract Manager | INR 17.3 LPA |
| Legal Analyst | INR 5.1 LPA |
| Risk Manager | INR 12 LPA |
| Human Resources Manager | INR 10.9 LPA |
| Compliance Analyst | INR 6.5 LPA |
| Entrepreneur | INR 17.5 LPA |
| Top MBA Colleges | Fee |
| IIM Ahmedabad | INR 26,50,000 |
| IIM Bangalore | INR 26,00,000 (may vary depending on the course type) |
| IIM Calcutta | INR 31, 00,000 |
| Xavier School of Management | INR 19,30,000 (1st + 2nd Year course fee) |
| Amity University | INR 3,89,000 (per year) |
| Top Online/Distance Colleges | Course Fees (INR Lakhs) |
| Symbiosis School for Online and Digital Learning | NR 3,00,000 (full course) |
| MIT School of Distance Education | INR 90,000 for PGDBA INR 82,000 for PGDBM |
| DY Patil Vidyapeeth (Online) | INR 1,69,200 |
| Manipal University Online | INR 1,75,000 |
| IIM Ahmedabad | INR 20,00,000 |
| ICFAI University | INR 2,00,000 |
Remember that getting an MBA after an LLB/Law degree can be a wise investment in your future. It will provide you with a unique combination of commercial savvy and legal knowledge, giving you more authority. This will increase your professional demand. The endless opportunities range from managing intricate business transactions to heading up a legal division or starting your own business.
Thus, if you are a recent law graduate hungry for knowledge and progress, an MBA could be the ideal launching pad for a rewarding and prosperous career. I hope you are no longer wondering which course is best after LLB.
Q1. What are the benefits of an MBA after Law?
More Job Options: An MBA opens doors to fields beyond law, like business, management, consulting, or entrepreneurship.
Improved Skills: Combining legal knowledge with business skills makes you a versatile professional, able to handle complex legal and business challenges.
Q2. What opportunities are available after completing an LLB?
LLB graduates in India can pursue various career opportunities, such as:
Advocate
Corporate Lawyer
Legal Analyst
Judicial Services
Q3. Why do people pursue an LLB after an MBA?
An MBA develops expertise in human resource management, whereas an LLB offers a thorough grasp of the legal system. This distinctive combination is especially beneficial for roles that demand in-depth knowledge of labor laws, contract negotiations, and employment regulations.
Q4. Is an LLM better or an MBA?
Both are equally beneficial degrees. It depends on your career goals, interests and aspirations. Where LLM would be focused on legal aspects, MBA will emphasise on administration and management in business.
Q5. Who earns more, a lawyer or an MBA?
On average, an MBA graduate earns more compared to other careers and it is combined with a law degree, the benefits are double.
