What Higher Education Programs Are Available in Business Law?
Higher education programs available in business law run the gamut from bachelor's degrees and law school certificates to advanced legal studies or dual degrees blending MBAs with scholarship in commercial law. Let's explore this range of business law education at universities, including programs run by some of the country's most prestigious schools.
Business Law Defined
The field of business law covers most legal issues a company might have, including those related to contract negotiations, human resources and manufacturing. You have several options for studying business law in higher education.
Important Facts about Studying Business Law
|Prerequisites||Graduate study requires bachelor's degree, LSAT score|
|Common Courses||Business Associations, Federal Income Taxation, Accounting for Lawyers, Corporations|
|Online Availability||Some law schools offer individual courses online|
|Continuing Education||Required to maintain license to practice law|
|Median Salary (2018)*||$120,910 (for all lawyers)|
|Job Outlook (2016-2026)*||8% growth (for all lawyers)|
*Source: U.S. Bureau of Labor Statistics
Bachelor's Degree in Business Law
Bachelor's degree candidates can earn a Bachelor of Science or Bachelor of Business Administration degree with a Business Law focus. Indiana University in Bloomington, for instance, ranked by U.S. News & World Report as the 10th-best undergraduate business school in the country in 2015, offers a Bachelor of Science in Business, with a major in Business Law and Ethics. Courses help students develop critical thinking and ethical reasoning skills, while focusing on the issues that affect business, including social, ethical, and economic forces.
Certificate Programs in Business Law for Law Students
You can do a focused study of business law while enrolled in law school to earn your J.D. (Juris Doctor) degree. Many law schools offer such certificate programs. A certificate program in business law will teach you things like corporate tax law and contract law. You may be able to specialize in a particular field, like securities, intellectual property, antitrust or labor laws.
Law School and Business School: Juris Doctor + MBA
Other future lawyers may consider a Juris Doctor program, combined with a Master of Business Administration. For example, Northwestern University, U.S. News & World Report's 12th-best graduate law school on the 2016 list, offers a joint J.D.-MBA program geared to business students. This program includes an internship, 72 hours of legal studies and education in accounting, economic analysis and operations management.
Advanced Graduate Studies in Business Law
An LL.M. in Business and Corporate Law demonstrates advanced competency in business law, building on what students with a commercial law J.D. have already learned. The core curriculum of a Master of Laws program in business law includes studies in taxation, labor and employment, corporate finance, intellectual property, and international transactions.