MBA After LLB:
Law graduates have long been confused about whether to go into private practice and go up the legal ladder from lower to higher courts, or if they should pursue an MBA to develop their business acumen. The rise in law graduates enrolling in MBA programs at reputed business universities is probably due to this. With the aid of an MBA after LLB, professionals can gain competence in either field, such as marketing in management or litigation in law.
Further education especially an MBA degree after having completed LLB is one'e cue to not only grow their career profiles but also climb up to managerial roles. It could assist one’s progress professionally in an industry that is constantly expanding internationally.
Given the demand for people with both legal and MBA degrees, it may also be assumed that it would offer more salary packages to MBA graduates than to candidates merely possessing a law degree. Let us now have an in-depth understanding about pursuing an MBA after LLB.
Why Pursue MBA after LLB?
After an LLB, an MBA will increase competence in both areas. As a result, one's professional career would take on new dimensions. One may expect to earn more money than one would have with a law degree. The following justifies pursuing an MBA after an LLB:
An MBA degree will enable you to manage others in addition to yourself, but a legal degree will only need you to work individually.
Your networking opportunities will expand.
MBA is the basic foundation for entrepreneurship.
The opportunity to make business decisions will arise after receiving an MBA.
With an MBA, a lawyer's role in a legal firm will initially be more varied and comprehensive than that of other practitioners.
You can definitely progress to managerial positions in a profession like investment banking or business development. You can choose to work as a consultant rather than accepting a traditional legal or administrative position.
- You might land in the position of an in-house legal counsel for a large corporation, or you might expand globally.
MBA after LLB vs LLM after LLB
In order to do business, an MBA following an LLB helps in learning about the markets, trends, and regulations employed in international companies. Professionals capable of working with clients from all around the world are the target audience for an MBA. This course is designed for students who are able to work with multinational organizations, conduct business anywhere in the world, and resolve issues on a global scale.
Candidates should first review the differences between the two courses listed below in order to comprehend why studying an MBA becomes essential after earning an LLB degree:
Particulars | LLM Details | MBA Details |
---|---|---|
Full Form | Masters of Law | Master of Business Administration |
Stream Type | Law | Management |
Eligibility | LLB | Bachelor's degree with a minimum of 50% aggregate 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 exams (CAT, CMAT, MAT) + group discussion + personal interview |
Average Annual Fee Structure | INR 2,00,000 - 5,00,000 | INR 4,00,000 - 5,00,000 |
Average Annual Salary Package | INR 4,00,000 | INR 7,00,000 |
Specializations |
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Job Profiles |
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MBA After LLB Eligibility Criteria
Candidates who wish to pursue an MBA after completing an LLB must fulfill the following requirements:
Candidates must have passed Class XII or its equivalent from a recognized board with a minimum aggregate of 50%.
Candidates may also have pursued an integrated law course like BA LLB, BBA LLB, BCom LLB, BSc LLB, BTech LLB, etc.
Applicants should qualify for one of the national-level MBA entrance exams, such as the CAT, GMAT, XAT, MAT, ATMA, etc.
For seeking admission to specific institutions, candidates must qualify for university-level entrance exams like B-MAT, NIPER JEE MBA, CUSAT CAT, etc.
A minimum of 2.5 to 3 years of professional experience is required.
To be considered for final admission to any reputable university, it is mandatory for the candidates to successfully qualify for the personal interview or group discussion rounds.
National-Level Entrance Exams for MBA after LLB
To pursue an MBA after LLB, national-level common entrance tests like those mentioned below are considered:
Top MBA Specializations after LLB
Those who wish to pursue an MBA after receiving an LLB degree may consider the following list of the most popular specializations:
MBA Specialization | Course Description | Syllabus |
---|---|---|
MBA in Retail and Supply Chain Management | The process of managing a retail organization's complete supply chain is known as retail supply chain management. Due to the low cycle time and constant movement of the products, the retail supply chain must be continuously monitored and kept defect-free. |
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MBA in Investment Banking | The objective of this course is to produce qualified individuals for managerial and related positions in the investment and finance sector. It provides knowledge on investment, management, budgeting, investment outcomes, and financial asset monitoring. |
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MBA in Finance | It deals with the various facets of finance such as management, control, and assessment of collection, investment, and resources. |
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MBA in Healthcare | It teaches students how to manage a variety of departments in healthcare organizations like hospitals and pharmaceutical firms. |
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MBA in International Business | It primarily deals with Foreign Policies, Trade, Foreign Investments, Export Management, Forex Risk Management |
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Top Colleges Offering MBA after LLB in India
Since MBA is a globally acclaimed degree, some of India's best universities provide a world-class curriculum and facilities. The most eminent colleges in India for LLB graduates who want to earn an MBA degree are listed below:
MBA Specialization | Average Annual Fees (in INR) | Top Colleges |
---|---|---|
MBA in International Business | Rs. 10,00,000 | |
MBA in Real Estate and Urban Infrastructure | Rs. 5,50,000 - Rs. 7,50,000 | |
MBA in Retail and Supply Chain Management | Rs. 1,00,000 - Rs. 10,00,000 |
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Scope of MBA after LLB
Some of the job profiles associated with specific MBA specializations have been provided below:
MBA Specialization | Job Profiles |
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MBA in Finance |
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MBA in Investment Banking |
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MBA in Real Estate and Urban Infrastructure |
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MBA After LLB 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 LLB:
Job Profile | Salary Package (in INR) |
---|---|
9,61,000 | |
Finance Manager | 11,00,000 |
Risk Management Director | 43,86,000 |
Market Research Analyst | 8,00,000 |
Corporate Auditing Director | 49,69,000 |
Flight Planner | 9,40,000 |
Marketing and Sales Director | 26,86,280 |
Operations Manager | 8,00,000 |
Supply Chain Program Manager | 4,50,000 - 12,00,000 |
Business Development Executive | 15,00,000 |
Salary After LLB
The average salary for LLB graduates are:
Job Profile | Annual Salary Package (in INR) |
---|---|
Corporate Lawyer | 5,00,000 - 7,00,000 |
Legal Analyst | 4,00,000 - 5,00,000 |
Court Magistrate | 14,00,000 |
Corporate Lawyer | 10,00,000 |
Taxation Lawyer | 9,00,000 |
Legal Acquisitions | 8,00,000 |
The MBA bridges the knowledge gap between business and law by integrating the two distinct domains. More mergers and acquisitions happen on a daily basis, and a law graduate alone would not be qualified to handle such cases. If you want to work in investment banking, it will be excellent if you have both a law degree and an MBA from a recognized business school. You will be equipped with the knowledge and abilities to make business decisions. MBA-holding law graduates are capable of handling business-related aspects. A law graduate who takes an MBA would not only be better able to manage things but also learn more about some intricate business processes.
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