MBL stands for Master of Business Laws. It is a Master’s Degree program. In this article, we will have an in-depth analysis of MBL course.
Article Overview and Contents
How’s this article of help to me, you may ask. Here, you will find everything you need to know about MBL course. This article covers topics such as – duration, eligibility criteria, colleges, syllabus, admission process, career prospects, fees and salary details.
Here’s an overview of the course –
- Name of the course: MBL (Master of Business Laws)
- Type of course: Master’s Degree
- Duration: 2 years
- Eligibility: Completed relevant Bachelor’s Degree from a recognized University/College
Technically, this academic program is a law education course. Law education is a very broad field. It consists of aspects such as – criminal law, IP laws, civil laws etc. Business law forms an integral part of law practice.
MBL course deals with various aspects of business laws. It is an ideal PG program for LL.B. graduates. Bachelor’s Degree holders hailing from other disciplines are also eligible to pursue this course.
What is MBL course all about? What is the scope and potential associated with this field? What is it like to become an MBL professional? You will find answers to these questions in the next section. Here it is –
MBL: Introduction, Scope & Details
As I mentioned before, MBL stands for Master of Business Laws. It is evident from the name that this academic program deals with various aspects of business laws.
Business law is also known as Commercial law or Mercantile law. It is a branch of Civil Law.
In simple terms, it is the branch of law that governs businesses and commerce!
Running a business involves many commercial laws, regulations and compliance. These aspects impact the operation of a business. Some such important aspects are –
- Law of Organizations
- Securities Law
- Intellectual Property Laws
- Employment Law
- Corporate Law
- Corporate Taxation
The above mentioned aspects directly influence the operations of a business. For example, changes in corporate taxation can lead to fluctuations in profit margin.
MNCs, Corporate firms and Businesses thus have to take care of multiple commercial laws. They need a skilled professional or a team of professionals to take care of these things!
This is where the services of an MBL professional comes handy! An MBL professional is knowledgeable about various aspects of commercial law.
A skilled MBL professional is usually hired by MNCs, Corporate firms and Business houses. They need his/her services to ensure that their firm/company is functioning within the boundaries of commercial law and statutory compliance are being followed. Also check – LL.M. course.
Come, let us take a closer look at the course details. Here it is –
Type of course
It is a Master’s Degree course.
The academic program is 2 years long.
Candidate should have completed relevant Bachelor’s Degree program from a recognized University/College.
Many Government and Self Financed Colleges are known to offer this course in India. Government Colleges can further be classified into two types – State and Central Government Colleges.
Government Colleges are known to charge relatively lower fees than their Self Financed counterparts. They provide subsidized education to students.
Some of the popular Colleges offering this academic program are –
- Kerala Law Academy Law College
Reputed institutes rely on merit based admission process. Such institutes make use of relevant entrance test to select deserving candidates. Some institutes are also known to conduct their own qualifying test in order to select deserving candidates.
Some other institutes are also known to conduct direct as well as donation based admission process.
Here are some of the important subjects present in MBL curriculum –
- Corporate Governance
- Corporate Taxation
- Statutory Compliance
- Intellectual Property Law
- Contract Law
- Competition Law
- International Trade Law
- Corporate Law
- Securities Law
- Communication Skills
This academic program is available in multiple learning modes such as – regular classroom learning and distance learning.
Tuition fees charged for the academic program may vary from one institute to another. It depends upon the following factors –
- Type of College (Govt or SF)
- Scholarship status of the student
- Rating of the College
- Learning Mode (chosen by the candidate)
On an average, the tuition fees could be anywhere between 50-100K INR per year. Government Colleges are known to charge relatively lower fees.
After completing this course, graduates will have access to multiple job opportunities. They will have access to both Government and Private sector jobs.
Some of the prime recruiters are –
- Corporate Firms
- Business Houses
- Manufacturing Firms
- Law Firms
- Law Consultancies
In the above mentioned firms, MBL graduates may don the following roles –
- Tax Expert
- IP Expert
- Contract Law Expert
If you are an entrepreneur at heart, you may even start your own consultancy. It is not uncommon to see MBL professionals turning to consultation business.
Starting salary of an MBL professional depends upon numerous factors. Some such notable factors are –
- Profile of the employer
- Job location
- Employee’s skills and aptitude
- Employee’s academic performance
On an average, the starting salary could be anywhere between 40-60K INR per month. Government employees’ salary depends upon pay scale and grade.