MBA vs LLM: Job, Scope, Salary, Syllabus, Top Colleges

Are you confused between choosing either MBA or LLM? Get insights about the course prospects, scopes, requirements and comparative study of MBA vs LLM.

Table of Contents

MBA vs LLM - Overview
MBA vs LLM - Eligibility Criteria
MBA vs LLM - Entrance Exams
MBA vs LLM - Specializations
MBA vs LLM - Advantages of Pursuing
MBA vs LLM - Career opportunities
MBA vs LLM - Salary Packages
MBA vs LLM - Top Colleges of India
LLM or MBA - Which One to Choose?

When it comes to continuing a course after completing the undergraduate degree, most individuals are puzzled, especially when there are only two alternatives. The MBA and LLM are two of the most popular alternatives for most candidates.

Masters of Laws is a two-year postgraduate course covering specialized training in legal practices whereas an MBA is a two-year postgraduate degree that focuses on management-related courses that are important to the success of any business.

MBA programs are for students who want to learn more about management, whereas law programs are for those who want to learn more about law practices. So, let's compare MBA and LLM to see which one is better.

MBA vs LLM - Highlights

A law degree is an excellent stepping stone into a variety of other professions. It teaches how to research large amounts of data, which is useful in the business world whereas MBA is a postgraduate course that is one of India's internationally recognized PG courses.

Let’s have a look at key highlights of LLM vs MBA:

Criteria	LLM	MBA
Full-form	Masters of Law	Masters of Business Administration
Duration	2Years	2Years
Eligibility criteria	Graduation (Any stream) with a minimum 50% aggregate.	Graduation (Any stream) a minimum 45% aggregate
Average Fee	INR 2-5 LPA	INR 5 LPA
Average Package	INR 8-20LPA	INR 10 LPA
Job Roles	Legal Manager, Advocate, HR Manager, etc.	Marketing Manager, Operations Manager, Financial analyst, etc.

MBA vs LLM - Overview

Master of Laws is a two-year post-graduate program that focuses on specific knowledge in legal practice and allows students to get professional law certification in fields such as taxes, corporate law, and others. LLM graduates work in a variety of legal firms, interacting with a wide range of customers. International legal firms, taxation firms, the business sector, and many other areas of recruiting are among the most common.

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MBA (Master of Business Administration) is a two-year postgraduate management degree that focuses on human resources, finance, marketing, sales, and customer service administration. The goal of this course is to produce competent professionals who can effectively manage in today's entrepreneurial world. MBA graduates can work in fields such as marketing, fashion, education, and information technology.

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MBA vs LLM - Eligibility Criteria

Both courses have unique eligibility requirements. To be eligible for the courses, one must have a minimum of a three-year graduate degree. The admissions procedure varies depending on the institutions and their preferences.

Eligibility Criteria for LLM admission

Aspirants must meet the qualifying standards set out by the University of Grants Commissions and the Indian Bar Council to be admitted to the LLM program.
Students must earn a minimum of 50 percent in their undergraduate degree from a recognized university.
Selected institutions hold entrance tests for admissions, which candidates must pass with a high percentile to be considered.
To apply for the course, aspirants must be at least 21 years old.

Eligibility Criteria for MBA admission

MBA applicants must have a bachelor's degree in any subject or an equivalent from a recognized university (full-time).
The majority of institutes have a graduation minimum score requirement of 50% on average or similar. For students in the Reserved group, a minimum aggregate score of 45 percent is required.
Candidates with a bachelor's degree are also eligible to enroll for an MBA program provided they can demonstrate that they completed their bachelor's degree within the institute's timeframe.

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MBA vs LLM - Entrance Exams

The qualifying requirements and entrance examination scores are used to determine admission to both the LLM and MBA programs. On a national and university level, however, there are several admission examinations for both of these degrees. The following are some of the most popular admission examinations for various programs.

LLM Entrance Exams are:

MBA Entrance Exams are:

MBA vs LLM - Specializations

Both the courses have multiple specializations in a particular area of domain. An individual can choose a specialization based on the area of interest and choice. One should look at the pros of choosing the particular domain and then opt for it.

Specializations for LLM course are:

Insurance Law
Family Law
Fashion Law
Criminal Law
International Law
Legal Studies
Patent & Intellectual Property Law
Public Law

Specializations for MBA course are:

MBA vs LLM - Advantages of Pursuing

Some people may desire to go into law as a career because they want to help people, which is a noble objective. A lawyer's work is not confined to courtrooms; large businesses routinely hire them to examine a variety of legal concerns. Let's have a look at some of the benefits of enrolling in the course.

Mastering a Solid Foundation for a Successful Career
Critical Thinking and Reasoning Skills Economic Stability
Prestige and Respect

Completing an MBA program demonstrates a commitment to acquiring, developing, and implementing skills that may help a company succeed. Professionals with MBAs are also more confident in their marketability and the amount of information they can give to a variety of projects. These are just a few of the advantages of getting an MBA.

Expanded network of professionals
Increased opportunities
A better understanding of the global market
Enhancing communication skills
More effective time management

MBA vs LLM - Career opportunities

Both the LLM and MBA are well-known programs that provide students with excellent job prospects. However, because these two courses are so dissimilar, the professional pathways they lead to are vastly different.

Career opportunities for LLM are:

Advocate
Corporate Lawyer
Family Lawyer
Business Consultant
Human Resource Manager
Deputy Legal Advisor

Career opportunities for MBA are:

Credit Analyst
Senior Business Analyst
Lead Business Analyst
Sales Director
Financial Analyst

MBA vs LLM - Salary Packages

LLM and MBA degrees have significant market value. Candidates should be aware that a student's pay is determined by a variety of criteria, including university qualifications, reputation, and so on. LLM and MBA graduates are well-equipped to take on the position of high compliance.

The Average Salary for an MBA graduate is:

Designation	Average Salary (INR)
Marketing Manager	INR 5.5LPA
Regional Sales Manager	INR 3.6LPA
Operations Manager	INR 5.4LPA
Digital Marketing Analyst	INR 5.1LPA

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The Average Salary for an LLM graduate is:

Designation	Average Salary (INR)
Corporate Lawyer	INR 10 LPA
Taxation Lawyer	INR 9 LPA
Court Magistrate	INR 14 LPA
Legal Acquisitions	INR 8 LPA

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MBA vs LLM - Top Colleges of India

The best schools are picked based on a variety of rankings that include the following: placement scenario, cost structure, faculty evaluations, infrastructure, and so on. The following are some of the best colleges:

MBA

LLM

LLM or MBA - Which One to Choose?

As previously said, if applicants are well-versed in the subject area, comparing both of these courses is straightforward. First and foremost, the LLM and MBA are two distinct degrees, both of which have a positive reputation in the employment market. The ideal job path is determined by an individual's area of interest.

Career: One must choose LLM if they want to pursue a career in law or MBA if they want to seek a career in administration or management. Students who are interested in management should pursue an MBA, but in other situations, an LLM should be prioritized.

Job Opportunities: Both degrees provide numerous career prospects in the public and private sectors. MBA offers a variety of positions in international corporations, whereas LLM has a variety of law firms and companies that deal with legal issues.

Genuine curiosity will always determine the best option. As a result, it's always preferable to pick the optimal course based on the area of interest.