PhD in Business Law
Doctor of Philosophy (Ph.D.) in Business Law programs are rare. However, some schools offer joint degree programs that will award you a Juris Doctor (J.D.) and a Master of Business Administration (MBA). Read on for more information about these programs and their curricula. Check the online availability of this field of study, and review job options for graduates with business law training.
Can I Earn a Ph.D. in Business Law?
There are some Ph.D. programs in topics related to business law, like Legal Studies & Business Ethics. However, you're more likely to find a dual J.D./MBA program. The J.D. (Juris Doctor) is a professional doctorate in law, and the MBA (Master of Business Administration) is a master's-level business degree. These programs typically take 3-4 years to complete.
You'll usually spend your first year studying law and your second year studying business. Additional law school courses and business electives are often taken in the third and fourth years. Some programs allow specialization in a particular sub-field for your MBA, like accounting or corporate management.
|Program types||Ph.D. programs in topics related to business law are available; students can also pursue a dual J.D./MBA program in a related field|
|Common Courses||Contracts, torts, analyzing emerging markets, criminal law, constitutional law|
|Online Availability||MBA courses are available online, while J.D. programs are much harder to pursue online, as all online programs are not acknowledged by the American Bar Association.|
|Possible Careers||Corporate attorney, financial analysts|
|Job Outlook (2019-2029)||4% growth (for lawyers)*|
|Median Salary (2020)||$126,930 (for lawyers)*|
Source: *U.S. Bureau of Labor Statistics
What Types of Classes Will I Take?
You'll begin the program by taking first-year law classes like contracts, torts, civil procedure and legal research. In your second year, you'll learn how to approach business opportunities, analyze emerging markets and make strategic business decisions through your MBA curriculum. You might explore additional topics like criminal law, operational management and constitutional law. Completion of an internship may be required.
Can I Complete This Program Online?
It's unlikely that you'll find a J.D./MBA program offered entirely over the Internet. However, you may be able to complete some core MBA courses online, like legal and ethical issues in business or global business practice. If you decide to take an online course, you'll need a high-speed Internet connection, as well as an updated browser like Firefox or Internet Explorer. Some courses may require additional software like Microsoft Word or Excel.
What Can I Do With This Degree?
A J.D./MBA may help you find work as a corporate attorney or financial analyst. Corporate attorneys provide legal advice on business matters, like union contracts or government regulations. Financial analysts make investment recommendations based on economic policies, political trends and statistics. You'll need to take your state's bar exam to practice law. Many financial analyst positions require licensure through the Financial Industry Regulatory Authority (FINRA).