L.L.M. Business Law is a postgraduate Law course. The course gives an in-depth legal knowledge of issues such as Business governance and business liabilities. The candidate should have secured an L.L.B. degree or its equivalent from a recognized University, having obtained not less than 55% marks in the aggregate (50% in case of candidates belonging to SC/ST/OBC).
Top Institutes offering LLM Business Law are:
- National Law School of India University
- The West Bengal National University of Juridical Sciences
- The National Law Institute University
- Symbiosis Law School
- O.P. Jindal Global University, Jindal Global Law School
Its focus is upon the practical difficulties businesses experience when meeting their legal obligations and complying with regulatory frameworks. Business Law touches on everything from contracts, transactions, bankruptcy, and taxation to banking, trade regulation, competition, finance, and intellectual property. Given the importance of these areas to national and international business, it's no wonder why so many lawyers study and work in the field.
Such postgraduates are hired in capacities such as 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.
The average tuition fee charged for the course in India ranges between INR 5000 and 2 Lacs for a span of 2 years, the starting salary offered in anywhere in India between INR 15,000 to 25,000 per month. After some skills and experience, applicants can easily earn Rs. 40,000 to Rs. 60,000 per month.
LLM Business Law: Course Highlights
Listed below are some of the major highlights of the course.
|Course Level||Post Graduation|
|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.|
LLM Business Law: What is it about?
This course is designed in a manner to increase the employability of those who enroll for it. The course comprises business skills, regulatory wisdom, strategic prowess, profound legal and business knowledge.
LLM Business Law Course is suitable for those who want to focus on the legal aspects of commercial transactions, such as drafting contracts, insurance, financing, bank guarantees, insolvency issues, and investments.
Candidates who are willing to have a further higher degree also are a good match for it. They should possess good communication and interpersonal skills also are suitable for it. They should be able to debate, a good orator and can be able to satisfy their clients as per their cases.
LLM Business Law: Top Institutes
Listed below are some of the top institutes in India that offer the course.
LLM Business Law: Eligibility
The candidate should have secured an L.L.B. degree or its equivalent from a recognized University, having obtained not less than 55% marks in the aggregate (50% in case of candidates belonging to SC/ST/OBC).
LLM Business Law: Admission Process
Students need to initially fill the form either online on the college site or offline or Direct Mode, getting it from the Office of Admission at the University.
The candidates are then required to take the University Entrance Test. The second part of the admission process is based on the Skill Assessment which is also a written test, which tests the written skills, communication skills and logical reasoning of the candidates.
The next step of the admission process involves a personal interview of the candidate where the student is also assessed on the basis of the academic performances in class X, XII, and the degree.
Further, the selected candidates after the personal interview will be categorized into three categories: Selected, Wait Listed and Not Selected.
List of LLM Entrance Exams in India
- Amity Law School Entrance Exam
- AP PGLCET
- Bangalore University LLM Entrance Exam
- Bharati Vidyapeeth University LLM Entrance Exam
- CCL Entrance Test
- CUST LLM Entrance Exam
- Delhi University LLM Entrance Exam
- Jamia Millia Islamia University LLM Entrance Exam
- NLIU Entrance Exam, LLM Entrance Exam
LLM Business Law: Syllabus and Course Description
A year-wise breakup of the course’s syllabus is tabulated here.
|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|
|Legal Regulation of Economic Enterprises, Law Relating to Regulatory Authorities||-|
LLM Business Law: Career Prospects
The Business sector has seen an unprecedented growth in the last few decades. This has created a huge opportunity for the Business law professional in the industry. A Business lawyer is a person responsible for handling the business operations, the decision in a legal way.
The Business lawyer or attorney provides guidelines to the company’s that how the business is conducted within the legal limits. The Business legal counselor additionally takes care of the customers who have some kind of criminal allegations against them with respect to their business activities and also authorized any new business activity or business deal performed by an association.
There are ample of job opportunities available in government as well as private sectors. After pursuing LLM degree in Business law, candidates can get job placements in law firms, insurers, banks, asset managers, etc. If they are interested in a teaching field, they can become or appointed as a Teacher or Lecturer in colleges or universities after completing the master’s degree in Business Law.
Related LLM Business Law courses are:
Read More About Master of Laws (LLM) Courses
Some of the popular professional avenues open to successful graduates/ postgraduates of the course are listed below with the corresponding salaries offered for the respective positions.
|Job Position||Job Description||Average Annual Pay Scale in INR|
|Legal Expert||Legal Expert play out an assortment of office assignments, including scheduling appointments, answering the phone and dealing with everyday correspondence.||849,753|
|Assistant Professor||Assistant Professor are responsible to educate students, 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 from another group which is likewise spoken to by another attorney general.||458,411|
|Magistrate||A magistrate is kind of judge who typically serves in a civil court that deals with misdemeanors, traffic violations, small claims cases, Arbitrate, pretrial hearings, adjudicate, advise, or administer justice in a court of law.||720,565|
|Notary, Oath Commissioner||The duty of a Notary, Oath Commissioner are to witness and administer oaths, authenticate signatures, verify signatures and take affidavits. Notaries public are used by state representing bodies to avoid extortion, prevent fraud and robbery inside public matters.||843,430|