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MBA After Law: Redefine Your Professional Trajectory in 2024

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Have you just finished a Bachelor’s in Law and are now looking to take up the role of a legal advisor in a top corporation? Or are you thinking of starting your own law firm? Or maybe the legal world does not excite you at all and so, you want to make a career shift and enter the corporate world! Whatever the scenario, an MBA is always a good idea after law.

The knowledge you acquired about the various corporate laws as well as the rigorous style of thinking that you imbibed during the law degree will help you a lot while pursuing a career in management. This knowledge combined with the teamwork and quantitative analysis abilities that you will develop during an MBA with law is a great and rare combination that every corporation is looking for.

Therefore, it is no surprise that an MBA after law is the most sought-after degree among law graduates. It opens wide career avenues for you and ensures that you can enjoy the best of both worlds. It promotes you to be a core decision-maker in a business rather than a mere advisor. However, that’s not all; there are many other benefits of going for an MBA after LLB. Today, we will explore them one by one.

Benefits of Pursuing an MBA after Law

Going for an MBA after LLB is a very good option that opens many new avenues for you. Whether you want to make a career in the legal sector or the management field, the degree will be equally rewarding. It will help you understand the nuances of the business world, familiarise you with the principles of business ethics and guide you on how to use this knowledge for offering legal services to a wide audience. Let us take a quick look at some of the major benefits of pursuing an MBA after LLB

  • Enjoy the Best of Both Worlds

As already mentioned, during the MBA programme, you will develop crucial skills that will help you make a successful career in both the management as well as the legal field.

  • Rise in Salary

An MBA is the most sought-after degree among employers. Businesses are always on the look to hire MBA graduates for top profiles with hefts packages. Therefore, if you want to get a better salary, an MBA is the way to go.

  • Extensive Job Prospects

After the MBA, you can find a job in any sector that interests you. Whether you want to pursue a career in marketing, sales, human resources or pretty much any field, an MBA makes it possible for you.

  • Wide Networking Opportunities

As a law graduate, you already have good communication and networking skills. These skills will come in handy during the MBA programme as you will get numerous opportunities to expand your network.

 

Also Read: Top 10 Online/Distance MBA Degree Colleges in India- UPDATED!

Best MBA Specialisations with Law

As a lawyer, you have great communication and negotiation skills. These skills will come in handy in every arena of business. Furthermore, the logical thinking and critical analysis abilities that you develop during LLB will give you an edge for making a lucrative career in many versatile fields. Depending upon your MBA specialisation, you can pursue many high-paying jobs and lead a luxurious life. Some of the popular MBA specialisations for law graduates are:

Marketing Management Human Resources Management
Business Analytics Business Economics
Finance International Business
Entrepreneurship Logistics Management
Media Management Sales & Marketing
Materials Management Data Analytics
Airline Management Hotel Management
Data Science Retail Management
Event Management Banking
Project Management Systems Management

Eligibility Criteria for MBA

For getting enrolled into an MBA programme, you have to meet certain eligibility criteria and go through a rigorous admission process. This includes:

  • Qualifications

The first and foremost condition that you must fulfil is graduation. You must have a bachelor’s degree with a minimum of 50% marks. The minimum marks requirement may vary from institute to institute.

  • Entrance Examination

Next, you have to qualify a national or state-level aptitude test such as CAT, XAT, MAT, GMAT, NMAT, IPMAT, etc. In addition to these, there are certain other entrance examinations conducted by various universities. So, you may have to appear in them.

  • Work Experience

Even though having prior work experience is not a necessity for pursuing MBA, some universities may require work experience in relevant fields.

  • Interview + Micro Presentation

The last step in the MBA admission process is a personality test. It generally consists of a micro presentation or group discussion followed by a personal interview.

Top College for MBA after LLB

Simply going for an MBA is not enough. You must carefully select a college that meets all your requirements and is also aligned with global industrial principles. The things that you must take into consideration while choosing an MBA college include:

  • Accreditations
  • Faculty
  • Curriculum
  • Practical Exposure
  • Networking Opportunities
  • Placement Statistics
  • Emphasis on Extracurricular Development

Some of the top MBA colleges in India are:

Name of the University Fee
IIMs INR 16 Lakhs to INR 28 Lakhs (Depending upon the institute)
Amity University INR 1.2 Lakhs to 3.89 Lakhs (Depending upon the Specialisation) Per Year
Symbiosis Institute of Business Management INR 5,34,500 to 6,92,000 (Depending upon the Specialisation) Per Semester
IFHE INR 16.02 Lakhs
Chandigarh University INR 5,82,000

MBA after Law Career Scope

An MBA after Law opens many avenues for you. After the MBA, you can find a job in the legal field, switch to the corporate sector or become an entrepreneur. There is no end to possibilities and you can pursue a career in any sector. Some of the most popular sectors where you can seek employment include:

  • Real Estate
  • International Business
  • Healthcare
  • Investment Banking
  • Marketing
  • Aviation
  • Finance
  • Retail and Supply Chain Management

Some popular job roles that you can seek after the MBA include:

Job Role Average Salary (In INR)
Corporate Lawyer 5.5 LPA
Business Legal Consultant 5.5 LPA
Business Development Associate 5.7 LPA
International Lawyer 3.5 LPA
Taxation Lawyer 4.2 LPA
Sales and Marketing Specialist 5.4 LPA
Legal Case Managers 4.0 LPA
Business Lawyer 5.8 LPA

Source- Ambition Box

Please note here that the salaries mentioned above are average salaries. They can vary depending upon your location, the nature of your job, the industry you are working in, your employer, your skill set, the total experience you have, etc.

Takeaway

Going for an MBA after LLB will surely raise a lot of eyebrows but looking at the incredible benefits that it offers, it sure sounds worth the risk. An MBA will not only help you open wide career avenues but it will also give you a chance to bring to use the skills that you acquired during the LLB. Furthermore, the course will help you develop a comprehensive understanding of the core business concepts, helping you step into the multi-faceted world of business.

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