MBL – Full form, Eligibility Criteria, Entrance Examination, Admission 2024, Fee Structure, and Top Colleges

The MBL is a two-year postgraduate degree course. It can be pursued after completing a Bachelor’s degree in relevant subjects. 

MBL full form is the Master of Business Law. This postgraduate degree course includes studying the legal work of running a business. The MBL degree covers the various aspects of business laws, like how to form and run a legal business. 

Legal terms used in the smooth running of any business include contracts, corporate rules, security papers, commercial papers, income tax, labour law, bonds, employment law, bankruptcy, pensions, securities law, data security law, etc. The Master in Business Law covers all the business laws and legal terminology in the syllabus.

Admission to the MBL program is granted based on merit and entrance test scores. The various entrance exams accepted for admission to the Master in Business Law program are CAT, MAT, CMAT, MAH-CET, XAT, and GMAT.

The National Law School of India University, The West Bengal National University of Juridical Sciences, The National Law Institute University, Symbiosis Law School, Jindal Global Law School, Hidayatullah National Law University, and Banaras Hindu University are popular institutions for pursuing an MBL course.

There are several benefits of choosing the Master in Business Law course for post-graduation. A few of the benefits of the MBL course are mentioned below –

• The fees for the MBL course are lower than those of other legal studies courses.

• The MBL course gives the students in-depth knowledge of legal works involved in business.

• There is a high demand for legal experts in the market. Hence, it is an excellent career to choose.

• The salary packages after the completion of the course are relatively high.

• Great exposure to the legal field.

• High chances of securing a good job.

• Helps in growing and establishing own business.

• Easy promotion with a good salary.

Table of Contents

MBL Highlights

Eligibility Criteria for MBL

The qualification requirements for the Master in Business Law vary from one college to another. Here, we are mentioning the general requirements to get admission in the MBL degree course, which are as follows –

• The candidate must have completed a Bachelor’s degree from any recognized university.

• The candidate must have scored at least 50% marks in a Bachelor’s degree.

• There is no age limit for admission to the Master of Business Law.

Entrance Examination for MBL

Various entrance tests are conducted for admission to the Master of Business Law degree. These entrance tests are conducted on national and state levels. The following are some of the entrance tests for admission to the MBL degree course –

• CAT (Common Admission Test)

• MAT (Management Aptitude Test)

• CMAT (Common Management Aptitude Test)

• MAH-CET (Maharashtra Common Entrance Test)

• XAT (Xavier Aptitude Test)

• GMAT (Graduate Management Admission Test

Admission Procedure of MBL

Admission to the Master of Business Law program is offered based on marks scored in the Bachelor’s degree and entrance examination. The following table describes the steps in getting admission to the MBL program through both ways –

Top Colleges/ Universities offering MBL program

Top colleges for pursuing the MBL Course are as follows –

MBL program Fee Structure

Generally, the entire course tuition fee for the Master in Business Law degree is between 1 lakh to 3 lakh. The course fees in government institutions is much lesser than the private institutions. The government institutions also offers various reservations and concessions as per their norms and rules.

MBL Syllabus

The syllabus and subjects in the Master of Business Law Course are as follows –

First semester 

• Legal regulation of economic sectors 

• General principles of contract 

• Public utilities law 

• Labor, capital, and law 

Second semester 

• Banking laws 

• Law of export-import regulation 

• Sale of goods, law of insurance, and carriage of goods

• International trade and economic organizations and international economic law

Third semester

• Law of Intellectual Property and Information Technology Law 

• Corporate and commercial law 

• Industrial and business management laws 

• Competition law 

Fourth semester 

• Investment laws 

• Industrial adjudication

• Commercial arbitration 

MBL Career Prospects

Graduates can chose among the following career prospects after completing MBL program –

• Academics (Professor/ Tutor)

• Law officer

• Legal advisor

• Chief financial officer

• Assistant Manager

• Payroll Specialist

• Legal assistant

• Business lawyers

• Finance analysts

• Risk analysts

• Loan officers

• Corporate counsellors

• Legal consultant

• Tax expert

Average Salary of MBL Graduates

After completing the Master in Business Law, students receive good salary packages. The legal sector of the corporate world provides the candidate with a handsome salary package. The growth and promotion in the sector is also rapid.

The initial average salary candidates receive after the MBL course is INR 3 – 9 LPA. The highest salary in the field has no bars set.

Top Recruiters of MBL Graduates

The following organisations recruit the MBL graduates –

• Finance companies

• Universities/ Institutes

• Banks

• Railways

• Commerce and Trade Departments of Government

• Central or State Government Offices

• Industrial houses

• Statutory bodies of the Central and State Governments

• Corporate Law Firms

• Compliance Departments

• Finance Departments

• Risk Management Departments

• Government Agencies

• Non-profit Organizations

Conclusion

The Master in Business Law is a course that helps you to gain practical knowledge of laws and legal works related to the working and establishment of any business organization. The course focuses on every minute aspect of business work. Candidates who want to join the legal sector of business can join the degree course without a second thought.

FAQs about MBL

Ques – What is the MBL full form?

Answer – The MBL full form is the Master in Business Law.

Ques – What are the qualification requirements for the MBL degree?

Answer – The qualification requirements for the MBL degree are mentioned below –

• The candidate must have completed a Bachelor’s degree from any recognized university.

• The candidate must have scored at least 50% marks in a Bachelor’s degree.

Ques – What is the duration of the MBL degree?

Answer – The duration of the MBL degree is two years.

Ques – Which entrance examinations are conducted for admission to the MBL course?

Answer – The following are the entrance tests conducted for admission in the MBL degree course– 

• CAT (Common Admission Test)

• MAT (Management Aptitude Test)

• CMAT (Common Management Aptitude Test)

• MAH-CET (Maharashtra Common Entrance Test)

• XAT (Xavier Aptitude Test)

• GMAT (Graduate Management Admission Test

Ques – Are there good career prospects after completing the MBL degree?

Answer – Yes, there is a good and promising career after completing the MBL degree.