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Mohit Dhulia
A postgraduate law degree in business law is known as an LLM Business Law. The course provides an in-depth legal understanding of business governance and liability topics. The candidate must hold an L.L.B. degree or its equivalent from a recognised university and have received at least 55 per cent in the aggregate (50 per cent in the case of SC/ST/OBC candidates).
It focuses on organisations’ practical challenges in completing their legal commitments and adhering to regulatory frameworks. Contracts, transactions, bankruptcy, and taxation are covered under business law, as are banking, trade regulation, competition, finance, and intellectual property. It’s no surprise that so many attorneys study and practise in these fields, given their importance to national and international business.
Legal Expert, Advocate & Attorney General, Law Reporter, Trustee & Advocate, Magistrate, Munsifs (Sub-Magistrate) Notary, Oath Commissioner, District & Sessions Judge, Public Prosecutor, Legal Advisor & Solicitor, Teacher, and other postgraduate positions are available.
The average tuition fee charged for the degree in India ranges from INR 5000 to 2 Lacs for a two-year period, with a beginning salary of INR 15,000 to 25,000 per month available everywhere in India. Applicants with the right abilities and expertise can easily earn Rs. 40,000 to Rs. 60,000 per month.
Some of the course’s significant highlights are included below.
| Course Level | Post Graduation |
| Duration | 2 years |
| Examination Type | Semester System/Year wise |
| Eligibility | L.L.B. degree or its equivalent with 55% marks |
| Admission Process | Based on entrance exams |
| Course Fee | INR 5,000 to 5 Lacs |
| Average Starting Salary | INR 3 to 12 lacs per annum |
| Top Recruiting Companies | Railway, ICICI, HSBC, HDFC etc. |
| Top Recruiting Areas | Educational Institutes, Private Practice, News Channels, Sales Tax and Excise Departments, Banks, Multinational Companies, Business Houses, International Organizations, Legal Consultancies, Newspapers, Regulatory Bodies, Legal Departments of Public and Private Sector Organizations, Government Departments, Judiciary etc. |
| Job Positions | Legal Expert, Advocate & Attorney General, Law Reporter, Trustee & Advocate, Magistrate, Munsifs (Sub-Magistrate) Notary, Oath Commissioner, District & Sessions Judge, Public Prosecutor, Legal Advisor & Solicitor, Teacher etc. |
This course has been developed to improve the employability of individuals who take it. Commercial skills, regulatory awareness, strategic prowess, and in-depth legal and business expertise are all covered in this course.
The LLM Business Law Course is for people who want to concentrate on commercial transactions’ legal aspects, such as contract writing, insurance, financing, bank guarantees, insolvency, and investments.
Candidates that are willing to pursue higher education are likewise a suitable fit. They should be able to communicate effectively and have solid interpersonal skills. They should be able to debate, be effective orators, and please their clients according to their needs.
Some of the best institutes in India that offer the course are listed below.
| Name Of Institute | City | Average Fees |
|---|---|---|
| National Law School of India University | Bangalore | INR 80,100 |
| The West Bengal National University of Juridical Sciences | Kolkata | INR 1,29,000 |
| The National Law Institute University | Bhopal | INR 1,40,000 |
| Symbiosis Law School | Pune | INR 92,000 |
| O.P. Jindal Global University, Jindal Global Law School | Sonepat | INR 4,25,000 |
| National Law University | Jodhpur | INR 1,70,000 |
| Hidayatullah National Law University | Raipur | INR 79,000 |
| University College of Law, Osmania University | Hyderabad | INR 10,000 |
| Tamil Nadu Dr Ambedkar Law University | Chenna | INR 35,100 |
| Sharda University | Greater Noida | INR 1,40,000 |
| Mahatma Gandhi Law College | Hyderabad | INR 24,100 |
| ICFAI University | West Tripura | INR 90,000 |
| Kerala Law Academy | Thiruvananthapuram | INR 60,000 |
| National University of Study And Research In Law | Ranchi | INR 1,60,000 |
| Manikchand Pahade Law College | Aurangabad | INR 10,210 |
| National Law University and Judicial Academy | Guwahati | INR 94,500 |
| Geeta Institute of Law | Panipat | INR 49,500 |
| Govind Ramnath Kare College of Law | South Goa | INR 38,732 |
| Adarsha Law College | Warangal | INR 26,910 |
| ICFAI Law School | Hyderabad | INR 1,35,000 |
The candidate must hold an L.L.B. degree or its equivalent from a recognised university and have received at least 55 per cent in the aggregate (50 per cent in the case of SC/ST/OBC candidates).
Students must first fill out the form, either online on the college website or offline or in Direct Mode, by obtaining it from the University’s Office of Admission.
The candidates must subsequently take the University Entrance Examination. The second phase of the admissions process is based on the Skill Assessment, which is a written test that assesses the candidates’ writing, communication, and logical reasoning abilities.
The next step in the admissions process is a personal interview with the candidate, during which the student’s academic performance in grades X, XII, and the degree is evaluated.
After the personal interview, the selected candidates will be divided into three categories: Selected, Wait Listed, and Not Selected.
Here is a year-by-year breakdown of the course’s syllabus.
| Semester I | Semester II |
|---|---|
| Law and Social Transformation in India | Legal Practical |
| Indian Constitutional Law: The New Challenges | Law of Industrial and Intellectual Property |
| Judicial Process | Environmental Law |
| Legal Education and Research Methodology | Business Law |
| Semester III | Semester IV |
| Business Law | Dissertation |
| Insurance Law | – |
| Legal Regulation of Economic Enterprises, Law Relating to Regulatory Authorities | – |
In the previous few decades, the business sector has experienced tremendous growth. This has generated a big opportunity for the industry’s business legal professionals. A business lawyer is someone who is in charge of managing business operations and making legal decisions.
The business lawyer or attorney gives the corporation guidelines on how to do business within the legal boundaries. The business legal advisor also assists customers who are facing criminal charges related to their business activities, as well as approving each new business action or commercial agreement conducted by an organisation.
There are numerous work opportunities in both the public and private sectors. Candidates who get an LLM in Business Law can work for law firms, insurers, banks, asset managers, and other businesses. They can become or be employed as a teacher or Lecturer in colleges or universities after getting a master’s degree in Business Law if they are interested in teaching.
Students who want to continue their education can pursue an LLD (Doctor of Laws), a PhD in Law, or an M.Phil. in Law.
The following are some of the popular professional paths open to successful graduates/postgraduates of the course, along with the appropriate salary offered for the various positions.
| Job Position | Job Description | Average Annual Pay Scale in INR |
|---|---|---|
| Legal Expert | Legal Experts play out an assortment of office assignments, including scheduling appointments, answering the phone and dealing with everyday correspondence. | 849,753 |
| Assistant Professor | Assistant professors are responsible to educate students and publish their individual academic effort in scholarly papers or journals, electronic media and books. | 420,415 |
| Advocate & Attorney General | Advocates mostly work with civil cases where they read contracts or disputes from another group which is likewise spoken to by another attorney general. | 458,411 |
| Magistrate | A magistrate is a kind of judge who typically serves in a civil court that deals with misdemeanours, traffic violations, small claims cases, Arbitrate, pretrial hearings, adjudicating, advising, or administering justice in a court of law. | 720,565 |
| Notary, Oath Commissioner | The duty of a Notary, or Oath Commissioner is to witness and administer oaths, authenticate signatures, verify signatures and take affidavits. Notaries public are used by state representing bodies to avoid extortion, and prevent fraud and robbery inside public matters. | 843,430 |
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