MBA after LLM: Eligibility, Specializations, Scope, Top Colleges
Both LLM and MBA degrees make sense in their respective areas, but can one pursue MBA after LLM? Is it the right career move for legal professionals? Know how MBA can act as an added advantage for LLM graduates below!
MBA after LLM: Law and Management are two of the most reputed professions in the world. Individuals with a combination of management skills and legal knowledge are unique assets for the corporate world and law firms. In recent times, the workplace has become more dynamic and more mergers and acquisitions are taking place, increasing the demand for professionals having specializations in both the areas.
MBA after LLM can be the next logical move for legal professionals who wish to be managing partners for a law firm and want to acquire entrepreneurship and management skills. An MBA in Finance can be an added advantage for lawyers who want to make a career in Banking, Financial Services, and Insurance (BFSI), one of the most lucrative and promising sectors.
If you are thinking of doing an MBA after LLM but not able to make an informed decision, then read this article. It brings some of the top benefits of pursuing an MBA after LLM to help legal graduates make the right decision.
Comparison Between MBA and LLM
An MBA after LLM aids in learning about the markets, trends, and rules that are used in international business to conduct business on a global scale. An MBA is designed for professionals able to deal with clients from around the world. This course is intended for those who are capable of conducting business anywhere around the globe, working with multinational corporations, and solving problems on a worldwide scale. In order to understand why pursuing an MBA becomes crucial after obtaining an LLM degree, candidates should first go through the differences between the two courses provided below:
Particulars | LLM | MBA |
Full form | ||
Stream type | Law | Management |
Duration | 2 years | 2 years |
Eligibility | LLB | Bachelor's degree with at least 50% marks or an equivalent CGPA [45% in case of the candidates belonging to Scheduled Caste (SC), Scheduled Tribe (ST) and Persons with Disability (PWD) categories] |
Admission process | Entrance exam (CLAT, SET, LSAT) + counselling | Entrance (CAT, CMAT, MAT) + group discussion + personal interview |
Average fee structure | INR 2,00,000 - 5,00,000 | INR 4,00,000 - 5,00,000 |
Average salary package | INR 4,00,000 | INR 7,00,000 |
Also Read: Which Is Better: MBA After Graduation or After Work Experience
Why Pursue MBA after LLM?
An MBA after LLM will increase proficiency in both domains. One’s career would reach unprecedented heights as a result. One might anticipate making more money than one could have with a law degree. One must pursue an MBA after LLM for the following reasons:
After earning an MBA, further opportunities for personal growth, such as intellectual stimulation and confidence will emerge.
While a law degree will only require you to work individually, an MBA will allow you to manage others in addition to yourself.
To advance your career, you'll continue to be more competitive.
It'll create opportunities for significant financial gains.
Your MBA will increase your networking opportunities.
MBA is the gateway to entrepreneurship.
After an MBA, the chances to make business decisions will arise.
Initially, a lawyer's function with a legal firm will be more extensive and wide-ranging than that of other practitioners.
In a career like investment banking or business development, you can certainly advance to management. As an alternative to taking on a conventional legal or managerial function, you could decide to work as a consultant.
- A global corporation may hire you as in-house legal counsel, or you may establish your presence internationally.
Also Read:
MBA After LLM Eligibility Criteria
Numerous prestigious business institutions throughout the world provide a wide selection of specialized MBA programmes. If you want to pursue an MBA after completing your LLM, you must fulfill the following requirements:
Candidates must have passed Class XII or equivalent from a recognized board with a minimum aggregate of 50%.
In order to be considered for admission to a respectable university, students should take one of the national-level MBA entrance exams, such as the CAT, GMAT, XAT, MAT, and other common entrance tests, and get a minimum overall score to qualify for these exams.
Apart from the entrance exams conducted at the national level, some universities also conduct university-level entrance exams like B-MAT, NIPER JEE MBA, CUSAT CAT, etc. Candidates must qualify for these institute-level exams as well in order to become eligible for admission to their desired institutions.
Candidates who have done an integrated law course like B A LLB, BBA LLB, BCom LLB, BSc LLB, BTech LLB, etc. are also eligible to apply.
The students will have to get a minimum of 2.5-3 years of work experience if they are applying to a college that accepts applications of candidates only after they have had some work experience.
Exemplary students will be approached for a personal interview procedure before admission is officially confirmed. Several colleges also conduct group discussions during this stage in order to shortlist prospective students. Only those applicants who will successfully qualify for the personal interview or group discussion rounds will be considered for admission to any respected university.
MBA After LLB Admission Process
Majority of the institutions conduct their admission process based on a student's merit or performance in an entrance exam. Further information about the admission process is provided below:
Merit Based Selection
Colleges or institutions will release the registration form.
Before the deadline, students must submit the online registration form and payment.
The cutoff list date is announced by the institution or colleges.
If a student's score is higher than the cutoff score, they must contact the institution or university for counselling.
The institution or university requires the 10th-grade report card, the 12th-grade report card, a passport-size photo, and other documents.
Entrance Exam Based Selection
Before the deadline, students must submit the online registration form and payment.
The institutions and colleges will release the admit card.
If a student receives a higher entrance exam score than the average cutoff score, they must present their proper documentation along with their tuition fees to the college.
The documents needed are a passport-size photo and your 10th and 12th-grade mark sheets.
National-Level Entrance Exams for MBA after LLM
To pursue an MBA after LLM, national-level common entrance tests like those mentioned below are considered:
LLM Entrance Exams are:
Top MBA Specializations after LLM
Those who wish to pursue an MBA after receiving an LLM degree may consider the following list of the most popular specializations:
MBA in Human Resource Management | MBA in Finance |
MBA in Sales and Marketing | MBA in Business Analytics |
MBA in Digital Marketing | MBA in Project Management |
MBA in Entrepreneurship | MBA in Banking and Finance |
MBA in Biotechnology | MBA in Business Economics |
MBA in Information Technology | MBA in Logistics and Supply Chain Management |
MBA in International Business | MBA in Pharmaceutical Management |
MBA in Strategic Management | MBA in Financial Leadership |
MBA in Data Analytics | MBA in Data Science and Data Analytics |
MBA in Agribusiness | MBA in Travel and Tourism Management |
MBA in Rural Management | MBA in Hospital Administration |
MBA in Financial Management | MBA in Healthcare Management |
Top Colleges Offering MBA After LLM in India
The top colleges for LLM graduates who want to earn an MBA degree are listed below:
Name of the Institute | NIRF Ranking | Average MBA Fees (in INR) |
| IIM Ahmedabad | 1 | 23,00,000 |
| IIM Bangalore | 2 | 24,50,000 |
| IIM Calcutta | 3 | 31,00,000 |
| IIM Lucknow | 4 | 19,25,000 |
| IIT Kharagpur | 5 | 9,00,000 |
| IIM Kozhikode | 6 | 19,00,000 |
| IIM Indore | 7 | 17,88,000 - 20,63,000 |
| IIT Delhi | 8 | 9,60,000 |
– | 7,92,000 | |
| Institute of Management Technology, Ghaziabad | – | 6,00,000 - 19,53,000 |
| Indian Institute of Foreign Trade, New Delhi | – | 17,70,000 |
– | 16,25,000 | |
| Jamnalal Bajaj Institute of Management Studies, Mumbai | – | 6,00,000 |
| Symbiosis Institute of Business Management Pune | – | 15,32,000 - 21,32,000 |
| XLRI Jamshedpur | – | 23,60,000 |
Also Read: List of Top MBA Colleges Accepting CAT 2022 Scores
MBA After LLM Syllabus
A total of 11 core subjects and 35 elective subjects constitute the MBA syllabus.
Semester | Syllabus |
MBA Subjects in Semester I |
|
MBA Subjects in Semester II |
|
MBA Subjects in Semester III |
|
MBA Subjects in Semester IV | Internship Projects |
Scope of MBA After LLM
LLM graduates can freely establish and run companies with the help of an MBA if they have the requisite abilities. The curriculum seeks to introduce both general and advanced topics of business administration to LLM graduates. The graduates will have a better understanding of how any firm operates and be able to offer applicable answers to managerial issues.
- The candidates have the privilege to apply for higher degree programs like PhD international business, PhD international relations, etc.
- Chief executive officer, information security director, business analytics manager, supply chain management director, corporate auditing director, risk management director, national manager, key accounts manager, etc. are job profiles that follow an MBA in executive (international business).
- Some of the sectors in which candidates can get jobs easily after completing their law and MBA degrees have been given below.
- Law Firms
- Real Estate
- Healthcare
- Finance
- Investment Banking
- Retail and Supply Chain Management
- Marketing
- International Business
- Citi Bank, HDFC Bank, ICICI Bank, Amazon, Google, HSBC, IBM, Cognizant, Axis Bank, WIPRO, and other big employers are among the top employers.
MBA After LLM Salary
Candidates must be well aware of the returns on investment before enrolling in any degree program. The following is a list of job profiles and associated pay scales available after obtaining an MBA after an LLM:
Job Profile | Salary Package (in INR) |
| HR Manager | 7,25,000 |
| Risk Management Director | 43,86,000 |
Corporate Auditing Director | 49,69,000 |
Marketing and Sales Director | 26,86,280 |
Government Affairs Director | 20,00,000 |
| Operations Manager | 8,00,000 |
| Finance Manager | 11,00,000 |
| Supply Chain Program Manager | 4,50,000 - 12,00,000 |
15,00,000 | |
| Market Research Analyst | 8,00,000 |
Salary After LLM
The average salary for LLM graduates are:
Job Profile | Salary Package (in INR) |
Court Magistrate | 14,00,000 |
10,00,000 | |
Taxation Lawyer | 9,00,000 |
Legal Acquisitions | 8,00,000 |
It is important to note that the LLM and MBA are two separate degrees, both of which are well-regarded in the job market. By integrating business and law, the MBA closes the knowledge gap. Nowadays, there are more mergers and acquisitions, and merely a law graduate would not be competent to manage such cases. It will be ideal if you have an MBA from a reputable B-school together with a law degree if you want to work in investment banking.
Making business decisions rather than merely facilitating business is preferable. Law graduates with an MBA can handle the business side of things. If a law graduate pursues an MBA, he will not only be able to manage things more effectively but also gain some understanding of some complex processes.
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FAQs
Can I pursue MBA after LLM?
Yes, you can pursue MBA after LLM if you want to enter the corporate world. It will open new avenues of financial gain and entrepreneurial activities. With the changing workplaces, there are more job opportunities for candidates who have both management and law degrees.
Who should do MBA after LLM?
Legal professionals who want to manage a law firm and want to gain entrepreneurial and management skills must do an MBA after LLM. It will provide them with the much needed knowledge to operate the day-to-day activities in a business environment. It will help to gain business insights that will help in running the law firm more efficiently.
Which sectors can I join on doing MBA after LLM?
The sectors that you can join on doing MBA after LLM are the manufacturing sector, banking sector, insurance, finance and other corporate sectors. They require candidates who have knowledge of both law and management. You can also opt for consulting roles.
What are the benefits of pursuing an MBA after LLM?
The benefits of pursuing an MBA after LLM are numerous. MBA gives you the necessary confidence and ability to manage a bunch of people under you. It prepares you for a more competitive career and increases networking opportunities. Your function with a legal firm will expand and you will have multiple roles to juggle with.
What are the eligibility criteria for MBA after LLM?
The eligibility criteria for MBA after LLM is 50% marks in higher secondary. They must also have an LLB degree with an aggregate of 50%. Students also have to appear for entrance tests like CAT, MAT, XAT, SNAP and etc to get into top MBA colleges in the country. Some universities may also require two to three years of work experience as a legal practitioner or any other professional experience.
Is it mandatory to have work experience for MBA after LLM?
No, it is not mandatory to have work experience for MBA after LLM. Students can directly start applying for MBA admissions after completing LLM. However, having work experience of a few years will give an extra edge to the candidate's profile.
Can I get direct admission for MBA after LLM?
There are few business schools in India that conduct direct admissions based on the merit of the candidates. The students have to fill up the registration form and submit related documents. The cut-off will be decided by the institutes and students who score higher than the cut-off will be called for counselling sessions.
Which are the top specialisations for MBA after LLM?
The top specialisations for MBA after LLM are MBA in human resource management, entrepreneurship, data analytics, finance management, financial leadership and information technology.
What are the top institutes for MBA after LLM?
The top institutes for MBA after LLM are IIM Ahmedabad, IIM Calcutta, GITAM University, XLRI Jamshedpur, Symbiosis Institute of Business Management and Indian Institute of Foreign Trade. The other MBA colleges where students can seek admission are IIT Kharagpur, IIM Indore and IIM Kozhikode. These are among the best business schools for MBA after LLM.
What are the top job profiles for MBA after LLM?
The top job profiles for MBA after LLM in the legal domain are court magistrate, corporate lawyer, taxation lawyer and legal acquisitions. Other corporate profiles for MBA after LLM graduates risk management director, international lawyer, business legal consultant and etc.