Master of Law Business Law Top Colleges, Syllabus, Scope and Salary

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Pranjal Singhal

Content Curator | Updated on - Oct 25, 2021

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:

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
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.

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.

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

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
  • CLAT
  • CUST LLM Entrance Exam
  • CLAT-LLM
  • Delhi University LLM Entrance Exam
  • Jamia Millia Islamia University LLM Entrance Exam
  • LSAT
  • 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
Business Law Dissertation
Insurance Law -
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.

Further Studies: Students who wish to pursue higher studies can opt for LLD (Doctor of Laws), Ph.D. in Law, M.Phil. 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.

Master of Law [LLM] (Business Law) annual salary
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

Master of Laws [L.L.M.] (Business Law) : 3 answered questions

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Ques. How difficult is the MBL offered by NLSIU?

● Top Answer By Sapna Malik on 25 Oct 21

Ans. The Masters in Business Law (MBL) course from NLSIU is not difficult but the course work is more rigorous than LLB coursework.  Law as a subject in itself requires a thorough readership and effort to get into every detail. It offers 10 subjects. Students with a working background could find it difficult to tackle both sides. The questions asked in the exams are straightforward compared to the question papers that are set for the regular course students. Most of the students who fail in the examination are because they are working so taking out time from their schedules to study for exams becomes hectic. However, if you are interested in doing the course then it is highly recommended.Read more
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Ques. What is the scope and benefit of the Masters in Business Laws (MBL) course from NLSIU?

● Top Answer By Sakshi Gupta on 25 Oct 21

Ans. Masters in Business Law (MBL) from NLSIU is not UGC recognized. If you are an average student willing to pursue this, it is suggested that you look for other options. This is because passing is a tiring task here., it will gradually become harder to drag it for the remaining years. You also have to pay an extension fee of INR 5000 every year. There are better courses available. Do some market research and then apply, do not get excited with just the brand name NLSIU. This course also has no market value. Companies prefer regular courses or professional courses.Read more
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Ques. Is there any value of doing MBL (Masters of Business law) from NLSIU, Bangalore?

● Top Answer By Aaditya Hari Nair on 28 Sept 21

Ans. If you are looking at the course from the perspective of its acceptability in the industry, then honestly it does not rank very high in the list. It can not be even fully considered a proper Masters in Law degree. One of my friends studied it and here’s what she has to say about it. Masters in Business Law (MBL) is not a full-time LLM course. You cannot take UGC-NET on the basis of this degree. It is quite an expensive course. Not only the course fees but they take additional fees like Rs. 500 for each subject. They have a continuation fee of Rs. 2500. The books suggested are also not elaborate enough to learn about the course. They lack content. There is no transparency in checking answer sheets. If you want your answer sheets rechecked, it will cost you Rs.800 for each paper. Therefore it is recommended that you do not opt for this course, as it is not an LLM course. The only thing credible about it is the tag you receive from NLSIU.Read more
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Master of Laws [L.L.M.] (Business Law) Fee Structure in India


2.63 K (Minimum Fee)PUBLIC COLLEGES2.52 L  (Maximum Fee)
78.64 K (Average Fee)
41.25 K (Minimum Fee)Private COLLEGES2.97 L (Maximum Fee)
1.10 L (Average Fee)

Master of Laws [L.L.M.] (Business Law) Fee Structure By state


Maharashtra

8.54 KPUBLIC COLLEGES50 K
24.60 K
60 KPrivate COLLEGES1.28 L
94.23 K

Madhya Pradesh

95.92 KPUBLIC COLLEGES1.50 L
1.23 L
41.25 KPrivate COLLEGES90 K
73.75 K

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8.0 /10

Campus Life :

I think the campus life and ambiance here is really great . many different kinds of extracurricular activities are going on around here and no one can ever get bored here. Matches, seminars and workshops etc are played here often.

Placement Experience :

the placements here are great. i mean placement records here are awesome . most of the companies offer around 10 to 12 lakhs per annum here to the students.also for last year it was 100 percent too.

Faculty :

The faculty here are very supoportive and have a very positive way of engaging with the students . they always teach us about the practical situations we have to deal with and give a motivation.

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7.3 /10

Campus Life :

There are many extracurricular activities organised in our college like literary competitions such as poem & writing competitions, moot court competitions, law awareness programmes etc. There are many societies and clubs formed by college faculties for different activities includes youth parliament, debate and declamations societies, moot court competitions, law awareness programmes, women's rights society, human rights clubs and much more.

Course Curriculum Overview :

This is a post graduation course of 1 year divided into 2 semesters. The course combine both coursework and research. This degree enhances one's repute as the course signifies advanced, specialized legal training and it also signifies that a person is qualified to work in a multinational legal environment. Overall the course is little stressing and hectic as the course involves so much part of theory.

Placement Experience :

Mostly students in law prefer practice by their own instead of placed in companies. Still, college has its set of tie ups with banks and law firms that needs lawyers. Some recuriting banks and lawfirms like Reserve Bank, Shardul Amarchand Mangaldas & Co, Trilegal India, Khaitan& Co etc give placement opportunity to students based on their acdemic scores and how they did in their interview.

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