Business Law is all about protecting the rights and governing the commercial activities of businesses. It covers agreements between parties and deals with stakeholders' interests. It focuses on the laws related to company, partnership, bankruptcy, agency, and contracts.
To pursue a business law course , candidates must have completed class 12th or graduation degree in the relevant stream with minimum 50% marks in final examination from a recognised institution. There are numerous entrance exams conducted to offer admission to business law course, both at undergraduate and postgraduate level. Some of the popular one includes CLAT, AILET, LSAT India, TS PGLCET, AP PGLCET etc
There are various colleges where business law courses are offered to students both on the basis of merit as well as qualification of entrance exam, followed by personal interview, group, discussion and counseling round. Some of the colleges offering business law courses are National Law University Delhi, NLSIU Bengaluru, Amity University Noida, Symbiosis Law School Noida, OP Jindal Global University, KR Mangalam University Gurugram, SRM University Sonepat etc. The fee structure is quite affordable and ranges between INR 60,000- INR 2,00,000 per annum in government colleges and INR 1,00,000- INR 5,00,000 per annum in private colleges.
For the various job opportunities offered to students who have completed a business law degree, some of the popular job profiles are Business Lawyer, Corporate Paralegal, Corporate Lawyer, Lecturer, Business Analyst, Legal Reporter, Legal Consultant etc. The salary offered to business law graduates depends upon various factors and is generally in the range of INR 5,00,000 to 9,00,000 per annum.
To get a quick overview about the business law course, refer to the details mentioned in the table below.
Particulars | Details |
---|---|
Course Name | Business Law |
Course Level | UG, PG |
Mode of Study | Offline, Online Full-Time, Part-Time |
Course Type | Degree, Diploma, Certificate |
Course Duration | UG: 3 years LLM: 1-2 years |
Eligibility | UG: Class 12 or Graduation PG: Graduation |
Admission Process | Entrance-Based & Merit-Based |
Entrance Exams | CLAT, AILET, LSAT India, SLAT, TS PGLCET, AP PGLCET etc |
Course Fees | Government Institutions: INR 60,000- 2,00,000 per annum Private Institutions: INR 1,00,000- 5,00,000 per annum |
Top Colleges | NLSIU Bengaluru, NLU Delhi, Symbiosis Law University Noida, K R Mangalam University Gurugram, SRM University Sonepat, Amity University Noida, OP Jindal Global University etc. |
Job Positions | Business Lawyer, Corporate Paralegal, Corporate Lawyer, Lecturer, Business Analyst, Legal Reporter, Legal Consultant etc. |
Average Salary | INR 5,00,000-9,00,000 per annum |
Top Recruiters | McKinsey & Company, Google, Apple, Deloitte, and PricewaterhouseCoopers, JPMorgan Chase, Goldman Sachs, and Citigroup, Securities and Exchange Commission (SEC) and the Department of Justice (DOJ). |
Also Read: List of Law Specialisations Offered in India
There are several reasons why you might consider choosing a business law course.
An online business law course is a course that you can take over the internet, allowing you to study and learn about business law from the comfort of your own home or anywhere with an internet connection. These courses are designed to provide the same knowledge and skills as traditional in-person courses, but with the flexibility of online learning.
One of the advantages of an online business law course is the flexibility it offers. You can typically access course materials and complete assignments at your own pace, allowing you to balance your studies with other commitments. Additionally, online courses may be more affordable compared to traditional in-person courses, as they often have lower tuition fees and eliminate the need for commuting or relocating.
There are several top channels and websites where you can find business law courses online. Here are a few popular ones:
Course Name | Provider | Duration | Course Fees |
---|---|---|---|
Learning Business Contracts for Beginners | Udemy | Self-Paced | INR 500 |
Contract Law: From Trust to Promise to Contract | edX | 8 weeks | INR 14,580 |
Intellectual Property Law & Policy | edX | 7 weeks | INR 12,381 |
European Business Law Course : Understanding the Fundamentals | Coursera | Self-Paced | Free |
Corporate & Commercial Law: Contracts & Emploment Law | Coursera | 7 weeks | $ 3200 |
Both business law and corporate law overlap each other, some even assume them to be the same courses, however, that’s not true, corporate law is a subset of a major course called business law.
The significant differences between the two la specializations are as follows:
Also Read: List of Integrated Law Courses in India
Business Law courses are available at various levels of education, including undergraduate (UG), postgraduate (PG), PhD, certificate, and diploma levels. Here's a breakdown of the different types of Business Law courses based on these levels:
1. Undergraduate (UG) Level:
- Bachelor of Laws (LLB) with specialization in Business Law
2. Postgraduate (PG) Level:
- Master of Laws (LLM) in Business Law
- Master of Business Administration (MBA) with specialization in Business Law
3. PhD Level:
- Doctor of Philosophy (PhD) in Business Law
4. Certificate and Diploma Level:
- Certificate/Diploma in Business Law
- Advanced Certificate/Diploma in Business Law
These courses provide in-depth knowledge of various aspects of Business Law, including contract law, corporate law, intellectual property law, international business law, and more. Each level of education offers different levels of specialization and depth of study.
The eligibility criteria for Business Law courses vary based on the level of education. Here's a general overview of the eligibility criteria for each level:
Course Type | Eligibility Criteria |
---|---|
Undergraduate Level (UG) | For LLB (Bachelor of Laws): Completion of 10+2 or equivalent examination from a recognized board with a minimum percentage requirement (varies by institution). |
Postgraduate Level (PG) | For LLM (Master of Laws) in Business Law: Completion of LLB or equivalent degree from a recognized university with a minimum percentage requirement (varies by institution). For MBA with specialization in Business Law: Completion of a bachelor's degree in any discipline from a recognized university with a minimum percentage requirement (varies by institution). |
PhD Level | For PhD in Business Law: Completion of a master's degree in Law or a related field from a recognized university. |
Certificate and Diploma Level | For Certificate/Diploma in Business Law: Completion of 10+2 or equivalent examination from a recognized board (varies by institution). For Advanced Certificate/Diploma in Business Law: Completion of a bachelor's degree in any discipline from a recognized university (varies by institution). |
There are several states that can help one in advancing their career in the business law course field. Some more, most of the students presented below in the table must be acquired by the individual during or even before his or her course commences. The skills play a greater role and are responsible for attracting good opportunities for the business law graduates.
Legal Writing | Legal Reading |
---|---|
Listening Skills | Legal Advice |
Drafting Skills | Legal Counsel |
Concentration | Legal Advice |
Ability to Assimilate & Analyze Facts | Clarity of Speech |
Interest in Research | Attention to Details |
Ability to Work Long Hours | Legal Enforcement |
Convincing Power | Good Presentation Skills |
Persuasiveness | Hard-Work |
Confidence | Intellect |
Also Read: List of Law Courses in India
The admission process for Business Law courses in India varies based on the level of education. Here's a general overview of the admission process for each level:
1. Undergraduate (UG) Level: For LLB (Bachelor of Laws): Admissions are usually done through entrance exams conducted at the national, state, or university level. Some institutions may also consider merit-based admissions.
2. Postgraduate (PG) Level: For LLM (Master of Laws) in Business Law: Admissions are typically based on entrance exams, followed by counseling or interviews. Some universities may also consider the candidate's performance in their LLB or equivalent degree.
3. PhD Level: For PhD in Business Law: Admission processes for PhD programs usually involve entrance exams, followed by interviews or research proposal presentations. Candidates are also required to have a strong academic background and research experience.
4. Certificate and Diploma Level: For Certificate/Diploma in Business Law: Admissions are generally merit-based, and candidates may be required to submit their academic transcripts or fulfill specific eligibility criteria set by the institution. For Advanced Certificate/Diploma in Business Law: Admissions may also be merit-based, and candidates may need to fulfill certain eligibility criteria as specified by the institution.
There are various national, state and university level exams conducted to offer admission to business law courses both at undergraduate and postgraduate levels. Some of the popular entrance exams are mentioned below for your reference.
Name of Exam | Conducting Body | Exam Frequency |
---|---|---|
Consortium of NLUs | Once a Year | |
NLU Delhi | Once a Year | |
Law School Admission Council (LSAC) | Twice a Year | |
Symbiosis University | Once a Year | |
CUET LLB & LLM | National Testing Agency (NTA) | Once a Year |
Andhra Pradesh State Council of Higher Education | Once a Year | |
TS PGLCET | Telangana State Council of Higher Education | Once a Year |
Jamia Millia Islamia University LL.M. Entrance Test | Jamia Millia Islamia University | Once a Year |
There are numerous factors on which the course fees for business law courses are decided by the course providing institution. Determinants such as placement and internship statistics, college, rankings and grades, pedagogy, curriculum, faculty, location, as well as infrastructure or some of the factors on the basis of which the course fees may vary from institution to institution. However, it has been estimated from past data, that the business law course fees in government colleges range between INR 50,000- INR 2,00,000 per annum and INR 1,00,000- INR 5,00,000 per annum.
The syllabus and subjects for Business Law courses may vary slightly depending on the institution and the level of the course. However, here are some common subjects that are typically covered in Business Law courses:
1. Contract Law: Covers the principles and elements of contracts, including formation, performance, breach, and remedies.
2. Company Law: Focuses on the legal aspects of company formation, management, corporate governance, and shareholder rights.
3. Intellectual Property Law: Explores the protection and enforcement of intellectual property rights, including patents, trademarks, copyrights, and trade secrets.
4. Commercial Law: Covers the legal framework governing commercial transactions, including sale of goods, negotiable instruments, and banking regulations.
5. Competition Law: Examines the legal principles and regulations related to fair competition, antitrust practices, and prevention of monopolies.
6. Employment Law: Focuses on the legal rights and obligations of employers and employees, including employment contracts, workplace discrimination, and labor laws.
7. Tax Law: Explores the legal principles and regulations related to taxation, including income tax, corporate tax, and international tax treaties.
8. International Business Law: Covers the legal aspects of international trade, cross-border transactions, and dispute resolution in the global business environment.
Many popular specializations are offered for students who are interested in pursuing business law, both at undergraduate and postgraduate level. Some of the business law specializations are mentioned in the table below.
Course Name | Course Level | Topics Covered |
---|---|---|
BBA LLB or Bachelors in Business Administration & Bachelors in Law | Undergraduate | Legal Method, Human Resource Management, Financial Management, Organisational Behaviour, Law of Contract, Family Law, Marketing Management, Legal English, Constitutional Law, Legal Communication Skills, Principles of Management, Managerial Economics etc. |
LLM in Business Law | Postgraduate | Indian Constitutional Law, Legal Regulation of Economic Practices, Insurance Law, Legal Education and Research Methodology, Jurisprudence and Legal Theory, Corporate Finance, Law of Industrial and Intellectual Property, Law and Social Transformation, Law of Export-Import Regulation etc. |
Master of Laws in Business and Corporate Law | Postgraduate | Corporate Governance, International Trade Law, Investment Law and Competition Law. Maritime Law, Intellectual Property Law, Insurance & Banking Law etc. |
LLM in Business and Corporate Law | Postgraduate | Research Methods and Legal Writing, Banking and Insurance Law, Comparative Public Law, Law and Justice in a Globalising World, Corporate Governance, International Trade Law, Investment Law and Competition Law, Maritime Law, Intellectual Property Law etc |
MBA Degree in Business Law Course | Postgraduate | Organisational Behaviour, Quantitative Methods, International Accounting and Finance, Business Communication, Human Resource Management, International Marketing, Accounting for Managers, Financial Management, International Strategy, Economics & Management Decisions, Operations Management, International Human Resource Management, Marketing etc. |
Post Graduate Diploma in Business Law | Postgraduate | Law of Contract/ Commercial Laws, Company Law, Competition Laws, Laws of Arbitration and International Arbitration, Banking Laws, Insurance Laws, Labour Laws, Law of Taxation, Securities and Investment Laws, Environment Laws, Intellectual Property Laws etc |
PG Diploma in Business & Corporate Law | Postgraduate | Law of Contracts, Corporate Law, International Economic Law, Consumer Protection Act, and Competition Act, Corporate Restructure Law, Corporate Finance Law, Dispute Resolution Law, Laws Related to Banking, Corporate Governance, Intellectual Property Law, Research Methodology etc |
There are many leading private institutions offering business law courses in India. The courses are offered for a duration of three years for undergraduate level and two years for post graduate levels. In the table below, we have mentioned some of the top leading private institutions offering business law courses along with their latest NIRF rank and average course fees.
College Name/ University Name | NIRF Rank | Location | Average Fees (per annum) |
---|---|---|---|
35 | Noida | INR 1,86,000 | |
- | Gurugram | INR 2,50,000 | |
- | Hyderabad | INR 1,35,000 | |
- | Sonepat | INR 2,00,000 | |
- | Warangal | INR 26,910 | |
87 | Greater Noida | INR 1,40,000 | |
Govind Ramnath Kare College of Law | - | South Goa | INR 37,732 |
- | Panipat | INR 49,500 | |
36 | Hyderabad | INR 10,000 | |
- | Thiruvananthapuram | INR 60,000 | |
ICFAI University | - | West Tripura | INR 90,000 |
- | Hyderabad | INR 24,100 | |
32 | Pune | INR 92,000 | |
- | Sonepat | INR 4,25,000 |
There are many reputed government institutions in India offering business law course. These fees for business law course in government institutions range between INR 50,000 to INR 2,00,00 per annum. The table below highlights some of the popular government colleges and universities offering business law course.
College Name/ University Name | NIRF Rank | Location | Average Fees (per annum) |
---|---|---|---|
1 | Bangalore | INR 80,100 | |
2 | Delhi | INR 1,42,000 | |
4 | Kolkata | INR 1,29,000 | |
18 | Bhopal | INR 1,40,000 | |
- | Aurangabad | INR 10,210 | |
- | Guwahati | INR 94,500 | |
National University of Study & Research in Law | 24 | Ranchi | INR 1,60,000 |
- | Jodhpur | INR 1,70,000 | |
- | Raipur | INR 79,000 | |
- | Chennai | INR 35,100 |
Also Read: Top Law Entrance Exams in India
Business law courses are quite in demand due to the ever expanding corporate culture in India. With many multinational companies settling their offices in metropolitan cities of India, it has become very important for these companies to run their organizations in compliance with the law of the land, thus the role of business law graduates are increasing. Some of the popular career options available for business law salary, structure and details about their top recruiters are discussed below.
Various job opportunities are available for business law graduates both in the public and private sector. Some of the top job profiles and their work description is given below.
Business Lawyer: A business lawyers office is the time issues that affect businesses such as intellectual properties, business transactions and taxation. They help their clients in filing cases, preparing legal documents and to oversee trial cases on hearings. Also responsible for assisting organizations with legal matters. They also help in drafting, examining and negotiating contracts, making sure that all the terms and conditions are reasonable and legally valid.
Corporate Paralegal: A corporate paralegal assists lawyers in their work. Their main responsibility is to prepare legal documents and maintain records by conducting research. They can either work in a legal firm or a business setting. Corporate paralegals also work closely with clients, associates, and with partners. Corporate paralegals have knowledge about many aspects of business, such as contracts, finance, bankruptcy, securities, trademarks, and even patents. To simply put, a carpet paralegal handles the entire paperwork of the big organizations and makes sure that every decision and move made by the company is not only recorded but also is legal and above board.
Corporate Lawyer: The role of a corporate lawyer is to advise their clients with the duties, rights and responsibilities that are to be followed while administrating businesses. Whenever a corporate lawyer is hired by your corporation, the corporate lawyer represents the corporate entity. Contrary to popular belief, most of the corporate lawyers hardly attend any hearings in the courtrooms, most of their work is transactional in nature, that is they spend most of the time helping a corporation to avoid litigation. A corporate lawyer is responsible for reviewing drafting and negotiating contracts and legal binding agreements, handling mergers, and acquisitions. They also have a major role to play in areas such as corporate governance, venture capital and securities.
Lecturer: A lecturer is an individual hired by higher educational institutions to perform teaching, research and administrative functions. They also have a major role to play in the admission process and the administration of departments and academic establishments. a lecturer is to perform a range of activities such as interviewing course applicants in orientate successful students, supervise undergraduate and postgraduate students and research staff, deliver lectures, seminars, workshops, and other teaching functions, perform a broad range of administrative duties, right to research, proposals papers and attend conferences etc.
Legal Business Analyst: A business analyst reviews how companies are performing and helps them improve their processes and systems. They do this by conducting research in order to come up with solutions to the existing problems. If you particularly talk about legal business analysts, they are the legal specialists who support individual lawyers and legal teams. They are responsible for conducting research, maintaining databases and tracking systems, assembling legal documents and evidence. Legal business analysts typically have a background in business, law, finance with an emphasis on data analysis and strategic planning.
Legal Reporter: Legal reporter responsible for framing in creating content in form of articles, editorials, videos, newsletters etc. A legal report the main responsibility is to collect information, conduct interviews and produce news pieces to keep the public informed about legal issues. It is the job of a legal reporter who insure that the public is aware of all the legal agreements, judgements and amendments happening in the country and their effect on the people.
Legal Consultant: As a legal consultant or legal advisor is responsible for providing advice to clients, which can either be individuals or organizations. A legal consultant would assist in drafting legal documents and resolving disputes. A legal consultant job is very much in demand as many companies hire them to guide business decisions. The role of a legal consultant is not only limited to legal forms and business firms but also government departments for education, industry, tax department and even banks and non banking financial institutions.
Attorney General: An attorney general can be said as a chief legal advisor of the government of India. He is also a primary lawyer representing the central government in the Supreme Court of India. Apart from representative and attorney general is also responsible for providing advice to the government of India upon legal matters and performing other duties of a legal character. It is one of the refutable career opportunities with a very good salary package.
Legal Researcher: The role of a legal researcher is to review legal documents and understand new and upcoming changes to legislation and laws. He or she is responsible for updating supervising attorneys and law firms on various cases using research findings and information. He or she is also responsible for organizing schedules to ensure research and documentation, processes operate officially and on time.
The salary structure of a business law graduate depends upon several factors, such as years of experience, skills one has acquired, certification one has completed etc. Some of the top job profiles along with their average salary structure is given below. A business law course graduate at an entry-level position can easily earn up to INR 4,00,000 per annum and at senior level position, one can easily earn up to INR 9,00,000 per annum.
Job Profiles | Average Salary |
---|---|
Business Lawyer | INR 3,50,000-INR 6,00,000 per annum |
Corporate Paralegal | INR 4,00,000-INR 6,70,000 per annum |
Corporate Lawyer | INR 5,50,000-INR 8,00,000 per annum |
Lecturer | INR 4,50,000-INR 6,75,000 per annum |
Business Analyst | INR 3,50,000-INR 6,00,000 per annum |
Legal Reporter | INR 5,00,000-INR 7,00,000 per annum |
Legal Consultant | INR 5,50,000-INR 9,00,000 per annum |
Attorney General | INR 6,80,000-INR 9,00,000 per annum |
Legal Researcher | INR 4,00,000-INR 7,00,000 per annum |
There are various employment areas where business law graduates are in demand. Nowadays business law graduates are hired not only in corporate organizations and legal forms but also in various other sectors. Some of the top recruiters for business law course are as follows:
Sectors | Recruiters |
---|---|
Law Firms | Trilegal, Khaitan & Co., Luthra & Luthra Associates, J Sagar Associates, AZB & Partners, Platinum Partners, Wadia Ghandy & Co., Amardas & Mangaldas & Suresh A Shroff & Co. |
Corporate Organizations | Google, IBM, Apple, Accenture, Amazon |
Consulting Firms | McKinsey & Company, Deloitte, PricewaterhouseCoopers, KPMG, Bain & Company, Boston Consulting Company |
Financial Institutions | J P Morgan Chase, Goldman Sachs, and Citigroup, HDFC Bank, ICICI Bank, L&T Finance, Mahindra Finance etc. |
Government Agencies | Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) |
After completing a business law course, many students take up higher education which helps them to upgrade themselves. However, it is not mandatory to take up these advanced level courses, but pursuing them will definitely increase one’s salary package and many top tier positions will be offered to the individual. Some of the popular courses after business law are given below:
Also Read: LLB Placements in India
The career opportunities available for business law graduates include job profiles such as legal advisor, legal consultant, business lawyer, business analyst, legal reporter, lecturer etc.
The entrance exams conducted to offer admission to business law courses include CLAT, AILET, LSAT India, SLAT, AP PGLCET, TS PGLCET etc.
Yes, business law is considered an easy subject in comparison to other law specialisations. The course is very much interesting and covers a lot of important aspects of business such as handling and making decisions on financial elements, business decision making, organisational behavior, business management etc.
To study a business law course one can either take up BA LLB with specialization in business law or pursue an LLM in business law.
The top recruiters for business law course include Khaitan and Co., Trilegal, Luthra and Luthra Associates, Amazon, Flipkart, Google, Accenture, Deloitte, KPMG, E&Y etc.
The minimum eligibility criteria for a business law course is 10+2 for undergraduate level and LLB for postgraduate level.
Delhi University Science , Delhi University Arts are some of the exams that you can appear for to get admission in Master of Business Law (M.B.L) courses.
Business law is the law specialization course that deals with business management and law at the same time. It covers subjects such as contract law, corporate law, commercial law, intellectual property law, employment law and litigation.
The course which is considered best for business law specialization, depends upon one’s interest. Business law course is offered to candidates at all levels, be it undergraduate, postgraduate or certificate level.
Yes, a business law course is a useful degree as it offers specialized knowledge about how to run and manage businesses in accordance with the law of the land. It is also considered as one of the most rewarding in terms of salary packages.