What Is A Business Law Degree? (Courses And Benefits)
By Indeed Editorial Team
Published 16 September 2022
The Indeed Editorial Team comprises a diverse and talented team of writers, researchers and subject matter experts equipped with Indeed's data and insights to deliver useful tips to help guide your career journey.
Business laws help commercial entities ensure fair trading in the marketplace and resolve disputes concerning transactions. A degree in business law can enable you to understand the complex legal structure that facilitates the working of the entire commercial sector. If a career in business law interests you, knowing what degrees are available in this domain can help you select the right programme. In this article, we define what a business law degree is and provide answers to some frequently asked questions (FAQ) about the programme options, the courses available to you, the benefits of these qualifications and the admission requirements.
What Is A Business Law Degree?
A business law degree is a specialisation that involves courses about business law. You can pursue these courses at both bachelor's and master's degree levels. It is typically an interdisciplinary programme that includes the study of laws pertaining to tax, real estate, bankruptcy, intellectual property and sales. The degree offers sufficient expertise to pursue a career as a business lawyer, financial or loan advisor, corporate counsellor or attorney general in commercial establishments. A degree in this field can help students gain profound knowledge about the legal regulations that companies typically follow for transactions.
Business law, also known as mercantile law, consists of two types: the regulation of commercial entities through company laws and the regulation of commercial transactions through contractual laws. Corporate law usually governs the operations of a company, while business law is much broader and may include transactions, contracts, employment and taxes.
What Are The Benefits Of A Business Law Degree?
Here are the advantages of studying business law:
Earning a degree in this sector can provide you with the opportunity to obtain more advanced degrees. For example, if you take a course in business law during your bachelor's programme, you can expand your knowledge by pursuing a master's degree in the same field. Having enhanced knowledge can help you apply for jobs with higher salaries. It can also be beneficial if you are seeking a promotion within the company for which you work.
Studying business law can involve a wide variety of specialisations. Depending on the type of programme you choose, you can become an expert in disciplines such as corporate finance, intellectual property, tax, contracts, environment, organisations, marketing or accounting. Studying business law can have multiple job prospects, with roles such as risk advisor, magistrate or corporate lawyer, so opting for a specialised field can help you choose your career path.
Studying business law can help you network with people from a variety of backgrounds. You can interact with both students and professors with varied experiences. Developing your social contacts with people in this field can help you secure a job after the completion of your programme.
What Are The Options To Study Business Law?
If you wish to study business law, there are several options to consider. Here are the various programmes you can choose from:
Bachelor's degree: Most law colleges offer a bachelor's programme called Bachelor of Laws (LLB), but some universities also offer a five-year integrated programme with a specialisation in business law, such as Bachelor of Business Administration and Bachelor of Legislative Law (BBA LLB).
Master's degree: There are three master's degree options for business law, which are LLM in business law, Master of Arts (MA) in business law and Master of Business Administration (MBA) in business law. The length of the master's programme is typically two years.
Postgraduate diploma: This diploma programme is usually one year long. It includes courses in both business and corporate law.
Certifications: Standalone training institutes typically offer certification programmes in business law of varying durations. These include both classroom and online training and can be self-paced.
What Are The Admission Requirements For A Degree In Business Law?
The requirements depend on the type of programme in which you want to enrol. Here are the various prerequisites according to the option you choose:
Bachelor's degree programme
To enrol for a bachelor's degree in business law, you typically require a higher secondary school passing certificate, which is the 12th standard board examination. Most colleges that offer bachelor's degree programmes in law expect candidates to score above 60% in their 12th board exams. They may also expect students to take one or more of the standard entrance exams for law school, such as the Common Law Admission Test (CLAT), Law School Admission Test (LSAT) or Symbiosis Law Admission Test (SLAT).
Master's degree programme
Colleges and universities that offer master's degree programmes in business law typically expect candidates to hold a relevant bachelor's degree. This means you may either complete an integrative bachelor's programme in law with a specialisation in business law or a similar bachelor's degree with business law as one of the subjects. Institutes typically select master's degree candidates based on their scores in the entrance tests, bachelor's degree courses and a few counselling sessions.
Postgraduate diploma programme
Diploma programmes typically require candidates to first complete a bachelor's degree in law. Institutes may then admit candidates based on the marks they receive, or they may conduct their own entrance exams for admission. If you have six months of work experience, many organisations will exempt you from taking the entrance exams.
The admission process for these courses varies according to the rules of the institute. Some institutes may conduct entrance exams and others may select candidates based on their 12th standard board exam marks. Many organisations provide a general questionnaire about career goals and select candidates based on the answers.
What Are The Courses In A Business Law Programme?
Here are some of the courses on offer and the subjects they specialise in:
BBA LLB with a business law focus: legal method, law of contracts, legal communication skills, law of evidence, code of civil procedure, jurisprudence, interpretation of statutes, alternative dispute resolution, ethical practices and laws pertaining to consumer protection, corporations, trade, constitution, investment, labour, tax and real estate
LLM in business law: legal education, import-export regulation, economic practices regulation and laws regarding insurance, corporate finance, industry, intellectual property and social transformation
MA in business law: law of contract, dispute settlement, legal research, infrastructure finance, entrepreneurship, ethics, legal writing and laws relating to intellectual property, banking, investment, corporations, competition, industrial relations, international trade, environment, insurance, cyber security and governance
MBA in business law: organisational behaviours, international accounting, business communication, international marketing, business research, economics, operational management, sustainability, international commercial arbitration and laws pertaining to international business, international trade and international banking
Post graduate diploma in business law: laws relating to contracts, commercial organisations, competition, company, arbitration, banking, insurance, tax, labour, investment, intellectual property and the environment
What Are The Job Prospects After Studying Business Law?
Some of the roles you can apply for after completing a programme in business law are:
Legal expert: typically provides legal advice to leaders in an organisation, manages legal disputes, prepares legal documents and maintains records of all legal communications
Law reporter: usually reports legal matters regarding commercial transactions to the media and provides legal updates to the public
Attorney general: typically guides the government on commercial law by acting as a general legal advisor
Magistrate: usually manages the judgement of smaller business crimes that they can mitigate outside court
Assistant professor: typically teaches business law to students at the college or university level
What Are The Skills Required To Study Business Law?
To study in this field, you require a set of skills that can help you excel in your courses and succeed in your career as a business lawyer. Here are some of the skills you can develop:
Studying business law may require you to research recent events and learn about current legal issues. You can develop this skill by keeping yourself up to date about incidents in the world and studying matters of interest. You may also learn how to process research data and build practical solutions for legal disputes.
Typically, business lawyers are adept at drafting legal information in written format. While you may learn this in your courses, it can be helpful if you develop your written communication skills beforehand. Participating in business writing and presentation workshops can help you develop this ability.
Business law programmes usually require an in-depth study of a range of subjects. It can be challenging to go through all the study materials in a limited time. Organisation skills can help in understanding the key concepts of law and using them in demanding situations at the workplace. You can develop this skill by making to-do lists and following a study schedule.
Explore more articles
- What Is Customer Churn? (How To Calculate And Reduce It)
- 12 Ways To Build Leadership Strategies At The Workplace
- What Is Payroll? (Definition, Methods And Steps To Follow)
- 8 Subjects In Online Forensic Science Degrees (With Courses)
- How To Develop An Employee Referral Program (With Tips)
- Essential Skills For A Life Coach (With Improvement Tips)
- How To Conduct Project Cost Estimation: A Complete Guide
- Procurement Skills: Definition, Importance And Examples
- Complete Guide: What Are Data Mining Functionalities?
- 5 Tips To Boost Your Career Growth for Professional Success
- Retail Management Skills: Examples And How To Improve Them
- 10 Digital Signage Software Tools (With Salient Features)