Q: What is Business Law?
A: Commercial law or business law is the body of law which governs business and commerce and is often considered to be a branch of civil law and deals both with issues of private law and public law. Commercial law regulates corporate contracts, hiring practices, and the manufacture and sales of consumer goods. Many countries have adopted civil codes that contain comprehensive statements of their commercial law.
Q: What is the difference between business law and corporate law?
A: Although many people feel that Business Law and Corporate Law are the same, it is worth knowing that there are significant differences between the two law specializations.
The focus of Corporate Law is majorly on how corporate/ companies are formed as well as managed. Thus, Corporate Law revolves around the operation of a corporation. Corporate law deals with legal rights, obligations, and privileges. On the other hand, lawyers working in the field of Business Law cover areas such as contracts, employment laws, commercial transactions, and taxes.
Q: What is the eligibility criteria for Business Law?
A: The eligibility criteria for a Business Law course may vary from college to college. Candidates who want to apply for a five year integrated course in Business Law meet the eligibility criteria for the course if they have completed their Class 12 or equivalent exam from a recognized board with passing marks.
The eligibility criteria for Business Law course offered at PG level is such that candidates should have completed a five year integrated law course or possess an LLB or equivalent degree.
Q: Are there any other courses for business law except LLM?
A: There are various other courses for Business Law including MA, MBA, and PG Diploma courses.
Q: What are the job profiles one can opt for after Business Law?
A: Candidates who pursue a UG level course in Business Law can either opt to pursue a PG level law course or even opt to pursue a law job profile on completing the course. One of the most popular job profiles after completing a Business Law course is to become a Business Lawyer.
Apart from this, candidates can also pursue other law job profiles after completing their Business Law course from a reputed college/ university.
Q: What is the average tuition fee charged for Business Law courses in India?
A: The average tuition fee charged for the course in India ranges between INR 5000 and 2 Lakhs 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.
Q: Which are the best colleges in India for studying Business Law?
A: The following colleges are the best ones for Business Law in India:
- National Law School of India University, Bangalore
- The West Bengal National Institute of Juridical Sciences, Kolkata
- The National Law Institute University, Bhopal
- Symbiosis Law School, Pune
- O.P. Jindal Global University, Jindal Global Law School Sonepat
For more details, refer to the Top Colleges section.
Q: What are the top entrances to consider for Business law?
A: Some of the popular entrances are mentioned below:
Q: What is the duration of the course?
A: The duration of the course is 2 years.
Q: What are the skills required in this field?
A: The important skills are mentioned below:
- Ability to work long hours