What Opportunities a Business Law Degree Can Offer
A business law degree is a very popular area of specialization, especially since it also has so many sub-specialties, like corporation law or intellectual property law. It revolves around contracts and transactions that are established in business. If you prepare in advance with all the requirements necessary, you shouldn't have a hard time getting what it takes to be eligible for a business law degree.
How to get a Business Law Degree
You first need to complete an associate or a bachelor's degree before you can get into law school. To be better suited for business law, pursuing a bachelor in something like legal issues, business law or even business administration, management or economics would be the best thing. You also need to prepare for the LSATs: Law School Admission Test. Passing this test that is divided into 4 sections, is mandatory to get into any law program. You can then apply for your first law degree: the Juris Doctor. This is a 4 year program that will teach you the fundamentals of law and offer some specialized classes that you can take on business law. You should also consider trying to intern for a business law firm while you're in school to get extra practical experience and exposure. You can then either get an LLM: a masters or law with a specialization in business law, or you could also consider a joint program like a JD/MBA that will allow you to get your legal degree and masters in business at the same time. Having an MBA as well as a JD will open more doors for you in both legal careers and business ones.
Career Prospects
You can take different routes with a business law degree; either being an attorney with a specialization in business or corporation law, or a business person that can counsel the company on all legal issues. You can also work in patent law, intellectual property law or even teaching if you want to get your masters. You can even open your own company working to advise others on business decisions and contracts. If you start out as a paralegal, you could expect a starting annual salary of about $39,000 a year, and as a business attorney, in the first 4 years, you will probably make an average of $87,000 a year. With a business law degree, there are many avenues you can pursue by in law or business that are both very stable and lucrative.
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