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

Pursuing an MBA degree after completing a law degree is an increasingly popular path for professionals seeking to diversify their skill sets and enhance their career prospects. This unique combination offers a powerful combination of legal expertise and business understanding, where graduates can excel in the roles that need business strategies and legal proficiency. 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 an 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. Combining legal knowledge with business skills can make you more adaptable and open doors to exciting new roles in business management, consulting or entrepreneurship. 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.

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

Pursuing 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:

• Wider Career Options: Incorporating legal knowledge with business talents opens up a wider range of career possibilities. Graduates can work in management, consulting, or finance.

• Enhanced Business Skills: 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. This can help you understand how companies work and make you more effective in leadership positions.

• Increased Earning Potential: With a combination of a law and an MBA degree, candidates can get higher pay packages and advance in their careers. Employers value those who have knowledge of law and business.

• Strategic Advantage: When you know both law and business, it gives you a unique outlook that can help in making strategic decisions and solving difficult problems. This can be especially useful in fields like corporate law.

• Networking Opportunities: During your MBA program, you get to connect with professionals from various industries. These connections can be valuable for career growth, collaborations, and learning from their experiences.

• Universal Skill Set: The combination of legal and business skills makes you adaptable and well-prepared for various job roles. Whether you are working in corporate, legal consulting or entrepreneurship, you can succeed with all your skills.

MBA after Law Specialisations

MBA is such a field of study that offers vast opportunities and various specialisations under one single degree. Depending on the interest of the candidates, various specialisations can be studied by the students in MBA after law. The specialisations 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. The MBA specialisations offered to law graduates are:

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

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. These dual degrees prepare you for a variety of roles, such as management positions where you oversee company operations and strategy. Check out the career prospects below:

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.

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 gives 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 an MBA to understand the variations of business management and help with their legal points of view. An MBA is a good option to pursue after completing a law degree, but it depends on the students if they are interested in business-related studies or the area of specialisation they want to pursue.

Candidates who have an MBA after a 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 the best one to choose as candidates will have knowledge of both legal studies and business management. However, candidates should always check the pros and cons of pursuing MBA after law and make the correct 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.