LLB professionals seek additional training to advance in their careers and gain managerial roles. As a result, an MBA after an LLB is the ideal course to fulfil the requirement. MBA after LLB is a two-year post-graduate business and management program.
MBA after LLB is a wonderful alternative for continuing your education in management or switching careers in management. HR Manager, Business Analyst, Marketing Manager, Finance Advisor, Investment Banker, and more positions are accessible after an MBA. In the beginning, the average salary for such job descriptions is between INR 7-10 LPA.
This course will teach you about worldwide business trends, markets, and rules that must be followed while doing company on a global scale. It’s for professionals who can work with clients from all over the world.
This training is for those who can travel anywhere in the world for business, work in multinational corporations, and deal with global concerns.
Why MBA after LLB?
LLB with an MBA is a wonderful way to continue your education in business or make a career change into management. HR Manager, Business Analyst, Marketing Manager, Finance Advisor, Investment Banker, and a variety of other positions are accessible following an MBA.
Your MBA will expand your networking opportunities. The opportunity of becoming a business decision-maker will come after MBA. Working with a law firm initially will be an expanded role compared to other lawyers. You may be able to advance to management in a sector like Investment Banking or Business Development.
An MBA degree can assist you in establishing your law practice, as it is always a smart idea to start a law office from a business standpoint. An MBA degree can be extremely beneficial to a law firm because it provides invaluable commercial advice. More lawyers with a combined MBA are needed in the corporate sector.
Benefits of Doing an MBA after LLB
The following advantages are available to those who seek an MBA after completing a legal degree.
Take advantage of the best of both worlds
Candidates who have earned both an MBA and a law degree can use their technical expertise from the Law program with their MBA skills to tackle real-world organizational problems. Technical knowledge of legal procedures might be quite beneficial to MBA HR speciality candidates.
Salary Enhancement
A law graduate with an MBA degree not only has more options but also helps them secure better positions in the future. According to Indeed.Com, an Indian lawyer earns an average of INR 252,000 per year, but MBA graduates earn a minimum of INR 800,000 per year, about three times the lawyer’s wage.
Wider job roles
Candidates with the law and MBA degrees can work in a variety of industries, including consulting, legal businesses, finance, insurance, and banking, among others.
Boost your networking capabilities
An MBA degree will assist the candidate in building a network of alumni, professors, and working professionals. It may also assist students in forming a network of legal professionals, which is necessary for future job placement.
Should I pursue an MBA after LLB?
MBA after LLB is a wonderful alternative for continuing your education in management or switching careers in management. HR Manager, Business Analyst, Marketing Manager, Finance Advisor, Investment Banker, and more positions are accessible after an MBA.
Choose LLB if you want to be a lawyer, and MBA if you want to be a manager or administrator. MBA is a good choice for students who want to learn about management, whereas LLB is a good choice in other circumstances.
A law degree will require you to work on your own, whereas an MBA will allow you to go from working on your own to managing others. You’ll stay competitive to advance your profession. It will provide opportunities for big financial gains. Your MBA will expand your networking opportunities.
MBA specializations after LLB
1. MBA in Marketing
MBA Marketing is a two-year postgraduate degree program that focuses on improving students’ understanding of consumer behaviour, market behaviour, advertising, managerial communication, marketing research, and customer relationship management, among other topics. MBA Marketing graduates can find work in a variety of industries, including corporate sectors, digital marketing agencies, product development and services firms, and more. Continue reading to learn more about the MBA in Marketing program.
2. MBA in Banking and Finance
The MBA in Banking and Finance is a full-time two-year postgraduate program that focuses on financial management, corporate finance, and international finance. The course covers banking management in full, as well as financial and operational management. Graduates of this program are qualified to work in a range of settings, including firms, banks, and educational organizations.
3. MBA in Human Resource
The MBA HR themes are industrial relations regulations, HR management basics, industrial relations fundamentals, labour legislation, and employee empowerment. The training focuses on educating workers how to engage with clients, find new employees, process payments, and maintain a positive employer-employee relationship, and it offers a diverse range of job prospects due to the constant demand for labour.
Career Options of MBA after LLB
After finishing an MBA school in one of the specialities listed below, aspirants can look into some of the most prominent career options:
1. Finance
Another popular MBA specialization in finance is corporate finance. Students can concentrate on international finance, taxation, tax planning, investment management, insurance management, and financial statement reporting and analysis during this MBA program. Some of the most prevalent job roles for MBA in Finance graduates include the following:
- Financial Manager/Analyst
- Credit Analyst
- Accounting Manager
- Risk and Insurance Manager
- Treasurer
- Finance Manager
- Cash Manager
2. Human Resources
With an MBA in HR, HR executives can operate in a variety of industries, such as manufacturing, BPO/IT, corporate, service, education, banking, and so on. An HR manager is in charge of hiring, orienting, training, and evaluating employees for a company or organization.
HR managers are responsible for a wide range of responsibilities, including organizational structure, motivation, morale, and overall employee engagement. An HR Generalist or HR Specialist might start their career after acquiring an MBA in HR.
- Recruitment
- Training and Development
- Employee Benefits
- Coordination with Employees
- Payroll Management
- Managing Competition
3. Sales and Marketing
Because there is never a shortage of career prospects after completing a sales and marketing MBA program, it is one of the most popular MBA specialities.
An MBA in Sales and Marketing can help firms in retail, banking, hotels, media, and other industries. Some of the most prevalent career roles for MBA in Sales and Marketing graduates are as follows:
- Brand Manager
- Marketing Manager
- Market Research Analyst
- Sales Manager
- Product Manager
- Media Planner
- Internet Marketing Manager
4. Risk Management Director
Develop and manage risk management programs.
5. Real Estate Development Manager
Contributes to company success by providing strategy development, financial oversight, project management, and maintaining high-quality work.
Scope of MBA after LLB
Candidates may apply for PhD programs in international business, PhD programs in international relations, and so forth.
- Chief executive officer, information security director, business analytics manager, supply chain management director, corporate auditing director, risk management director, national manager, key accounts manager, and other job profiles are available following an MBA (executive) (international business).
- Colleges, universities, embassies, and other similar institutions are the most popular places to recruit.
- Citibank, HDFC Bank, ICICI Bank, Amazon, Google, HSBC, IBM, Cognizant, Axis Bank, WIPRO, and others are among the top hiring firms.
Eligibility Criteria
- Students must pass the 10+2 or equivalent with a minimum of 50% from a recognized board.
- For students in the reserved group, there is a 5% moderation.
- After completing their LLB, students from any stream, including arts, business, and science, can apply for an MBA.
- A candidate for admission to a B-School must pass an entrance exam (which varies between institutions like CAT, NMAT, or SNAP).
- Typically, applicants must have 2.5-3 years of job experience. However, job experience requirements may range from one institute to the next.
- Many B-schools, on the other hand, will admit freshmen if they can demonstrate their worth during the interview process.
Entrance Exams
1. Management Aptitude Test
For individuals interested in management, the All India Management Association (AIMA) Management Aptitude Test is another choice. It is held four times a year and can be accessed both online and offline. Language Comprehension, Data Analysis and Sufficiency, Mathematical Skills, Indian and Global Environment, and Intelligence and Critical Reasoning are the five portions of the test.
2. Common Admission Test
The IIMs hold a Common Admission Test every year. Quantitative Ability, Data Interpretation & Logical Reasoning, and Verbal Ability & Reading Comprehension are the three areas of the exam. This exam is the key to getting into the best business schools.
3. Xavier Aptitude Test
The Xavier Aptitude Test is held at the Xavier Institute of Management yearly (XLRI Jamshedpur). It allows you to apply to over 150 of India’s top MBA institutions, including XLRI, XIMB, IMT, and others. Decision Making, General Knowledge, Quantitative Ability and Data Interpretation, and Verbal and Logical Ability are the four areas.
Why online MBA is better after LLB?
1. Globally Recognized Degree
An MBA is one of the few degrees that is recognized all over the world. You’ll have more job opportunities and access to a large alumni network as a result of it.
The specializations available in an MBA executive online degree can help you diversify your skills and prepare you for a variety of managerial positions.
2. New Skills and Expertise
The degree adds value to your resume by demonstrating to potential employers that you have expert-level management skills. Enrol in DSU’s nationally regarded Executive MBA program to gain crucial time management skills.
3. Move Up the Corporate Ladder
By earning an EMBA degree, you can advance in your current company and become qualified for managerial positions.
4. Become Eligible for Higher Salaries
A lot of factors influence the pay scale for a certain job role. The educational background, skill set, and amount of experience of the candidate all play a role in establishing the wage. Combining an EMBA with an engineering degree can boost your earnings by tens of thousands of dollars. As a result of the degree, your skills will be increased.
Study MBA Abroad
Students with an MBA can pursue a profession in any subject of their choice.
1. MBA in Japan
Japan offers an unusual blend of industry-oriented, research-oriented education and vibrant job opportunities across industries, with hundreds of worldwide firms headquartered in various cities, such as Toyota, Sony, Mitsubishi, and Softbank. MBA programs in Japan, in particular, provide students with a platform to learn from internationally known professors, a stimulating business atmosphere, and a wealth of practical learning and experience opportunities. This blog looks at how and where you may pursue an MBA in Japan, as well as the unique benefits that Japanese universities have to offer.
2. MBA in Ireland
With so many new professional categories emerging as a result of technological advancements, many students are unsure what to do next after graduation. Finding an appropriate post-graduate program can also be difficult. Choosing an MBA from a different country gives you a wealth of possibilities to study and grow in a variety of management sectors, as well as the ability to locate job opportunities all over the world. Quality MBA programs are available in several places across the world. Ireland is one such country. Ireland, also known as the “Land of Saints and Scholars,” has a fast-paced economy that annually invites thousands of international students to its prestigious master’s programs. Here is all you need to know about why you should pursue an MBA in Ireland, as well as the best Irish universities that provide it.
3. MBA in New Zealand
MBA is a postgraduate program in business and management that provides a wide range of professional opportunities and substantial worldwide exposure. It’s one of the most popular degree options. As a result of the increased demand, universities throughout the world are now offering a variety of MBA programs that stress both theoretical and practical knowledge of the subject.
Selecting the appropriate country for an MBA program, on the other hand, is just as important as selecting the appropriate concentration. New Zealand, which is home to some of the world’s most distinguished MBA colleges, has built a name for itself by offering internationally acclaimed Management courses, and as a result, the country is swiftly becoming a favourite study destination for those interested in studying management.
Salary of MBA after LLB
Job profiles & Average Annual Salary
- Risk Management Director INR 43.86 lakhs
- Corporate Auditing Director INR 49.69 lakhs
- Marketing and Sales Director INR 26.86 lakhs
- Real Estate Development Manager INR 6.56 lakhs
- Government Affairs Director INR 20 lakhs
FAQs
1. With a legal degree, can I pursue an MBA?
With an MBA, law graduates can handle the business side of things. If a law graduate pursues an MBA, he will not only be able to manage things more effectively, but he will also have a good understanding of certain complex operations. Lawyers bring the desired variety of viewpoints to an MBA program.
2. Can I pursue an MBA and LLB together?
You cannot do an MBA and a legal degree at the same time because they are both long and full-time degrees.
3. Is an MBA useful for a lawyer?
An MBA degree can assist you in establishing your law practice, as it is always a smart idea to start a law office from a business standpoint. An MBA degree can be extremely beneficial to a law firm because it provides invaluable commercial advice. More lawyers with a combined MBA are needed in the corporate sector.
4. After an LLB, which MBA is the best?
MBA after LLB is a wonderful alternative for continuing your education in management or switching careers in management. HR Manager, Business Analyst, Marketing Manager, Finance Advisor, Investment Banker, and more positions are accessible after an MBA.
5. Is MBA better than LLM?
If you want to work in law, you should get an LLM, and if you want to work in administration or management, you should get an MBA. Students interested in management should pursue an MBA, although an LLM should be preferred in other cases.
6. Which is the best LLB or MBA?
If you’ve always wanted to be a lawyer, an LLB is the course for you. An MBA equips you with the skills to perform better in your career, resulting in a higher salary and competitive advantage. An MBA demonstrates that you are well-versed in the business world as a whole on your resume.
