How to Make a Career in Business Law?

While talking about rewarding careers, an evident option that emerges is of Business law which majorly deals with anything having to do with the legalities of running a company. This governs how to start, buy, manage and close or sell any type of business. Due to globalisation and emergence of corporate culture, it has become mandatory for big trading houses to hire professionals versed with legal practices pertaining to the working of an organisation. Let us explore the ways to enter this domain of legal studies through our exclusive blog!

What is Business Law? 

Often called Mercantile law or Commercial law, it is the area of study which deals with the issues that arise while interacting with the public, government and other companies. These legal professions exhibit knowledge of intellectual property, real estate, tax law, employment law, and etc.

Eligibility

Students who wish to take up business law must be aware of the eligibility criteria. Although the criteria varies depending upon the university chosen and level of course applied for, the basic eligibility criteria remains the same. Mentioned below is the same –

1. Candidates who opt for the five year integrated BBA LLB course must have completed schooling from a  recognized board and cleared the entrance exam of the university they applied for.
2. At the PG level, if a student applies for business law, they must have completed the five year integrated course or should hold a three year LLB degree. 

Skills Required to Pursue a Business Law Course

For candidates who wish to pursue a course in business law, they must possess the required skill set. Mentioned below are the skills needed to pursue a course in business law –

1. Clarity in communication
2. Excellent communication skills
3. Inclination towards research
4. Analytical Skills
5. Logical Reasoning Skills
6. Presentation skills

Courses in Business Law

The path of making a career in law requires a lot of hard work and patience, but it is financially rewarding. Given below is a list of courses offered globally in numerous Universities and Colleges:

• BBA LLB / BA LLB / B.Com in Business Law
• LLM / Post Graduate Diploma / JD /MBA/ MA in Business Law
• LLM /Post Graduate Diploma in Corporate and Business Law
• LLM in International Business Law
• LLM in Business and Economic Law

There is also an option to pursue a PhD in Law for those intrigued by the academics as well as legal studies. Given below are some widely taken courses in this field of law:

BBA LLB
This is an integrated professional program, which offers knowledge on both corporate Administration and Law course. Under this candidates are trained through classroom teaching, case studies and moot court. The subjects which are covered under the program are Business Environment & Statistics, Management Theory and Practice, Marketing Management, Human Resource Management, Investment and Competition Law, Intellectual Property Rights, Tax Law, Law of Crimes, Types of Contracts, etc.

LLM Business Law
LLM Courses in this field caters students with in-depth legal knowledge of corporate governance and business liabilities. This program focuses on practical difficulties experienced while meeting legal obligations and regulatory framework compliance. law subjects taught under this degree include Law and Social Transformation, Legal Education and Research Methodology, Legal Practice, Law of Industrial and Intellectual Property, Commercial Arbitration, Banking Law, Insurance Law, etc.

MBA in Business Law
MBA in this area of study is a postgraduate management course designed in a comprehensive way to impart theoretical and practical knowledge on in advanced legal concepts of in both public and private law of ethical factors in corporate world. The curriculum involves a study of International Accounting and Finance, International Marketing and Strategy, International Business Law, International Trade and Banking laws, etc. 

Top Universities

There are various educational institutions that offer bachelors and masters program in Business law. Given below is a list of top law colleges:

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• University of Manchester, UK
• The University of Southern Queensland, Australia
• Deakin University, Australia
• Columbia University, United States
• The University of Adelaide, Australia
• University of Leeds, UK
• Middlesex University London, UK
• George Washington University, United States
• University of Arizona, United States
• Curtin University of Technology, Australia
• Manchester Metropolitan University, UK
• University of East Anglia, UK

Top Colleges – India

For those who wish to pursue business law in India, we have listed down the top colleges in India offering courses at the undergraduate and postgraduate level in business law –

1. National Law School of India University, Bangalore
2. National Law University, Nalsar
3. NLIU, Bhopal
4. UPES, Dehradun
5. Symbiosis Law School, Pune
6. National University of Juridical Sciences, Kolkata
7. Symbiosis Law School, Noida
8. NLU, Patiala
9. NLU , Ranchi
10. Amity University, Noida

Business Law Entrance Exams in India

Students who wish to pursue business law from top universities and colleges in India, must appear for the entrance exams conducted by the university. Different universities hold different entrance exams every year to offer admission to eligible candidates for the course. Listed below are the entrance exams conducted across India to offer courses in business law –

1. CLAT LLM
2. AILET
3. SLAT
4. LSAT India
5. MHCET Law
6. ULSAT

Career Prospects 

There is a significant rise in the demand of Business Lawyers in the Finance sector, Sales tax & Excise departments, Business Houses, Legal Consultancies, MNCs, News Channels, Banks, etc. Listed here are some of the popular job positions offered to successful undergraduate and postgraduates of this program:

• Business Analyst
• Legal Manager
• Business Process Manager
• Legal Advisor
• Business Development Executive
• Financial Lawyers
• Risk Analyst
• Immigration Lawyer
• Loan Officer