Home ยป LLM Business Law: Course Details, Fees, Admission, Colleges, Eligibility, Salary

LLM Business Law: Course Details, Fees, Admission, Colleges, Eligibility, Salary

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.

LLM Business Law: Course Highlights

Some of the course’s significant highlights are included below.

Course LevelPost Graduation
Duration2 years
Examination TypeSemester System/Year wise
EligibilityL.L.B. degree or its equivalent with 55% marks
Admission ProcessBased on entrance exams
Course FeeINR 5,000 to 5 Lacs
Average Starting SalaryINR 3 to 12 lacs per annum
Top Recruiting CompaniesRailway, ICICI, HSBC, HDFC etc.
Top Recruiting AreasEducational 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 PositionsLegal 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 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.

LLM Business Law: Top Institutes

Some of the best institutes in India that offer the course are listed below.

Name Of InstituteCity Average Fees
National Law School of India UniversityBangaloreINR 80,100
The West Bengal National University of Juridical SciencesKolkataINR 1,29,000
The National Law Institute UniversityBhopalINR 1,40,000
Symbiosis Law SchoolPuneINR 92,000
O.P. Jindal Global University, Jindal Global Law SchoolSonepatINR 4,25,000
National Law UniversityJodhpurINR 1,70,000
Hidayatullah National Law UniversityRaipurINR 79,000
University College of Law, Osmania UniversityHyderabadINR 10,000
Tamil Nadu Dr Ambedkar Law UniversityChennaINR 35,100
Sharda UniversityGreater NoidaINR 1,40,000
Mahatma Gandhi Law CollegeHyderabadINR 24,100
ICFAI UniversityWest TripuraINR 90,000
Kerala Law AcademyThiruvananthapuramINR 60,000
National University of Study And Research In LawRanchiINR 1,60,000
Manikchand Pahade Law CollegeAurangabadINR 10,210
National Law University and Judicial AcademyGuwahatiINR 94,500
Geeta Institute of LawPanipatINR 49,500
Govind Ramnath Kare College of LawSouth GoaINR 38,732
Adarsha Law CollegeWarangalINR 26,910
ICFAI Law SchoolHyderabadINR 1,35,000

LLM Business Law: Eligibility 

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).

LLM Business Law: Admission Process

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.

List of LLM Entrance Exams in India

  • CCL Entrance Test
  • LSAT
  • NLIU Entrance Exam, LLM Entrance Exam
  • Jamia Millia Islamia University LLM Entrance Exam
  • Bharati Vidyapeeth University LLM Entrance Exam
  • AP PGLCET
  • Delhi University LLM Entrance Exam
  • Amity Law School Entrance Exam
  • CLAT-LLM
  • Bangalore University LLM Entrance Exam
  • CLAT
  • CUST LLM Entrance Exam

LLM Business Law: Syllabus and Course Description

Here is a year-by-year breakdown of the course’s syllabus.

Semester ISemester II
Law and Social Transformation in IndiaLegal Practical
Indian Constitutional Law: The New ChallengesLaw of Industrial and Intellectual Property
Judicial ProcessEnvironmental Law
Legal Education and Research MethodologyBusiness Law
Semester IIISemester IV
Business LawDissertation
Insurance Law
Legal Regulation of Economic Enterprises, Law Relating to Regulatory Authorities

LLM Business Law: Career Prospects

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 PositionJob DescriptionAverage Annual Pay Scale in INR
Legal ExpertLegal Experts play out an assortment of office assignments, including scheduling appointments, answering the phone and dealing with everyday correspondence.849,753
Assistant ProfessorAssistant 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 GeneralAdvocates 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
MagistrateA 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 CommissionerThe 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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