Embarking on a master’s in business law journey opens doors to lucrative and complex career opportunities within the legal and business realms. Graduates gain advanced knowledge and skills in areas such as management, finance, marketing, and entrepreneurship. The program equips them to analyze complex business challenges, make strategic decisions, and lead teams effectively. Career opportunities include roles such as management analyst, with an average salary of $95,290 per year, or financial analyst, with an average salary of $96,220. Additionally, individuals with a master’s in business law may pursue executive-level positions, such as chief financial officer (CFO) or chief executive officer (CEO).
The program takes between one and two years to complete for full-time students. Costs vary depending on whether you attend a public or private institution — they can range anywhere from $9,000 to $40,000+ per year.
How to Choose a Master’s in Business Law Program
Choose your area of study
Choosing an area of study for a master’s in business law involves aligning personal interests and career goals. Consider concentrations like corporate law, international business law, or intellectual property law. Reflect on your passion within the legal and business domains, whether it’s negotiating international contracts, navigating corporate governance, or safeguarding intellectual property. Research each specialization’s curriculum, faculty expertise, and industry relevance. Evaluate the demand for legal expertise in specific sectors. By selecting an area of study that resonates with your professional aspirations, you tailor your master’s in business law experience, positioning yourself for success in a niche aligned with your skills and interests.
Research schools and programs
When researching master’s in business law programs, thoroughly assess the accreditation and reputation of potential institutions. Avoid non-accredited institutions, which have not been evaluated by independent accrediting agencies. Examine faculty credentials, program specializations, and industry connections. Utilize reliable ranking sources to gauge program excellence. Consider class sizes, internship opportunities, and available resources. Connect with current students or alumni for insights into their experiences. Scrutinize admission requirements, including standardized test expectations. Investigate any unique features such as workshops, industry partnerships, or guest lectures. By conducting comprehensive research, prospective students can make informed decisions, ensuring their selected program aligns with their career goals and provides a robust educational foundation in business law.
Prepare for tests and applications
Prepare for a master’s in business law program by excelling in required standardized tests such as the LSAT or GRE. Craft a compelling personal statement detailing your legal and business aspirations. Secure strong letters of recommendation highlighting your academic and professional capabilities. Familiarize yourself with specific admission requirements for each program and ensure timely submission of necessary documents. Tailor your application materials to each institution, showcasing your alignment with their program. If required, practice for interviews and engage with admissions counselors for insights. Diligent preparation for both tests and applications enhances your chances of securing admission to your desired program.
Select your program
Selecting a master’s in business law program involves aligning career aspirations with program offerings. Evaluate concentrations, faculty expertise, and industry connections. Consider program formats—online or on-campus—based on learning preferences. Investigate internship opportunities, practical experiences, and unique features such as workshops or industry collaborations. Assess factors like class sizes, alumni networks, and the program’s overall reputation. Ensure the curriculum resonates with professional goals, allowing specialization in areas like corporate law, international business law, or intellectual property law.
Determine how you’ll pay for your degree
Determine how to fund your master’s in business law by creating a comprehensive financial plan. Begin your plan by filling out the Free Application for Federal Student Aid (FAFSA). Explore scholarships, grants, and assistantships offered by the institution. Assess tuition costs and consider additional expenses such as legal databases or specialized textbooks. Engage with financial aid offices for guidance on available funding options, including federal or private student loans. Evaluate potential part-time work or internships to supplement income. By thoroughly examining funding options, prospective students can make informed decisions to support their master’s in business law journey without compromising financial stability.
Best 49 Accredited Master’s in Business Law Programs
How we rank schools
We reviewed and assessed programs that offer both online learning and on-campus programs. The best programs highlight a combination of theoretical knowledge with practical application and allow students to focus on areas of interest, such as finance, international business law, or risk management.
Our chosen programs lead to an LL.M. degree, which is a specialized degree most commonly pursued by those who have already achieved their J.D. degree and have passed the bar exam. Some programs, however, accept those who are not lawyers but are interested in paraprofessional or other legal positions in the business sector. Most of these programs have been accredited by the American Bar Association.
We evaluated each program on the basis of flexibility, faculty, course strength, cost, and reputation. Then, we calculated the Intelligent Score for each program on a scale from 0 to 100. For a more extensive explanation, check out our ranking methodology.
What Can You Expect From a Master’s Degree in Business Law Program
A prospective student entering a master’s in business law program can expect a comprehensive curriculum covering legal principles intertwined with business strategy. Courses delve into corporate governance, contract law, international trade, and regulatory compliance. The program hones analytical and problem-solving skills essential for legal roles in the corporate world.
The duration typically spans one to two years of full-time enrollment, and flexibility may be offered through online options. Some programs may include internships, capstone projects, or thesis requirements. Prospective students should also consider any residencies or in-person components, as these experiences can enhance practical understanding and networking opportunities.
Potential courses you’ll take in a master’s degree in business law program
- Corporate Governance and Ethics: Exploring the legal framework governing corporate conduct, this course addresses ethical considerations in business decisions. Students analyze case studies and regulatory guidelines, preparing them for roles in corporate legal departments.
- International Trade Law: Focused on the complexities of global commerce, this course covers international trade agreements, dispute resolution mechanisms, and regulatory compliance. Students gain insights into the legal aspects of cross-border transactions.
- Intellectual Property Law and Innovation: Examining the legal protection of intellectual assets, this course delves into patent, copyright, and trademark laws. Students explore the intersection of law and innovation, which is crucial for roles in technology or creative industries.
- Financial Regulation and Compliance: Addressing the intricate regulatory landscape of financial markets, this course explores compliance requirements, risk management, and enforcement. Students learn to navigate the legal challenges within financial institutions.
- Mergers and Acquisitions Law: Covering the legal intricacies of corporate mergers and acquisitions, this course analyzes negotiation strategies, due diligence processes, and regulatory considerations. Students gain practical insights into facilitating complex business transactions.
Master’s in Business Law Degree Frequently Asked Questions
How do I apply to a master's in business law degree program?
To apply for a master’s in business law program, thoroughly research admission requirements for each institution. Prepare for and excel in standardized tests such as the LSAT or GRE. Craft a compelling personal statement outlining your legal and business goals. Secure strong letters of recommendation from academic or professional contacts. Familiarize yourself with specific application deadlines and submit all necessary documents, including transcripts and a detailed resume. Tailor your application materials to each institution, emphasizing your alignment with their program. If required, prepare for interviews and engage with admissions counselors for insights. Diligently following application guidelines enhances your chances of securing admission to a master’s in business law program.
How much does a master's in business law degree cost?
According to the National Center for Education Statistics (NCES), the cost of a master’s in business law varies. Public institutions typically range from $9,000 to $14,000 annually, while private nonprofit institutions tend to cost between $14,000 to $42,000. These figures encompass tuition and required fees. However, additional expenses like textbooks, legal databases, and residency fees are not included. Prospective students should consult specific institutions for precise cost details, as these figures serve as general averages and may vary based on factors such as residency status and program specifics.
How long does it take to earn a master's in business law degree?
The duration of time it takes to earn a master’s in business law is typically one to two years for full-time enrollment. However, this timeline can vary based on program formats, with online options providing flexibility and part-time enrollment potentially extending completion timelines. Some programs may include internships, capstone projects, or thesis requirements, increasing the overall length. Additionally, the intensity of the curriculum and individual pacing can impact completion times. Prospective students should consider these factors when evaluating the time commitment required for a master’s in business law program.