Business Law; Colleges, Entrances, Eligibility, Syllabus, Job Prospects

Business Law gives an in-depth legal knowledge of issues such as Business governance and business liabilities. Business Law has two distinct areas of functioning which are:

  • Regulation of commercial entities that is done through laws of company, partnership, bankruptcy, and agency.
  • Regulation of commercial transactions that are done through the laws of contract. 

 

Highlights

Course Level  Post-graduation Degree
Duration 2 years
Examination Type Semester system/ Year wise
Eligibility L. L. B. Degree or equivalent with minimum 55% aggregate marks
Admission Process Based on Entrance exams
Top Recruiters Corporate Firms, Legal consultancies, Enforcement agencies, Judiciary, etc
Top Career/Job profiles Legal Expert, Notary, Oath Commissioner, Magistrate, etc

 

Courses and Eligibility

The eligibility criteria for a Business Law course may vary from college to college. The minimum qualification required for a two-year duration course of L.L.M in Business Law has been mentioned below:

Course name Duration Eligibility
L.L.M in Business Law 2 Years
  • Candidates should have completed a five year integrated law course or possess an LLB or equivalent degree from a recognised college or institution.
  • Minimum Marks: 55% or above in L.L.B or any equivalent degree.

 

Top Recruiters

  • Corporate Firms
  • Legal consultancies
  • Enforcement agencies
  • Judiciary
  • Tribunals
  • Railway
  • ICICI
  • HDFC
  • HSBC

 

 

 

 

 

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.

 

Syllabus

Semester I

  • Law and Social Transformation in India
  • Indian Constitutional Law: The New Challenges
  • Judicial Process
  • Legal Education and Research Methodology

Semester II

  • Legal Practical
  • Law of Industrial and Intellectual Property
  • Environmental Law
  • Business Law
Semester III
  • Business Law
  • Insurance Law
  • Legal Regulation of Economic Enterprises, Law Relating to Regulatory Authorities

Semester IV

  • Dissertation
 

Skills Required

  • Fluency
  • Clarity of speech
  • Interest in research
  • Integrity
  • Ability to work long hours
  • Objectivity
  • Convincing power
  • Good presentation skills
  • Good judgement of situations/ people
  • Persuasiveness
  • Hard-working
  • Confidence
  • Intellect
  • Ability to assimilate and analyse facts

 

Top Entrances

 

Career and Job Prospects

Job Profile Job Description Average Annual Salary
Legal Expert Legal Expert play out an assortment of office assignments, including scheduling appointments, answering the phone and dealing with everyday correspondence. 8.5 lakhs
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. 8.4 lakhs
Magistrate A magistrate is a 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. 7.2 lakhs

 

FAQs

 

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:

  • CLAT
  • CLAT LLM
  • DU LLM

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:

  • Fluency
  • Clarity of speech
  • Interest in research
  • Integrity
  • Ability to work long hours
  • Objectivity
  • Convincing power
  • Good presentation skills

 

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