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MBA in Legal Studies

An MBA in Legal/Paralegal studies program is a combined program training the students in not only business subjects but also legal concepts. It is a routine matter for businesses to encounter legal or ethical issues in their day to day activities. A person with an MBA in Legal/Paralegal studies is adept at solving such problems while keeping the organization on its track. An MBA in Legal/Paralegal studies program can usually be completed in two years. Students are taught the core concepts of business, finance and management along with training in current laws, regulations, business ethics, etc.

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What are the degree requirements?

To successfully complete aN MBA in legal studies, students must meet the program requirements. These requirements may vary from college to college. Usually, most schools have the following requirements:

  • Complete the coursework and earn a minimum number of credits
  • Complete the assignments and examinations
  • Submit a research study and thesis

How long does an MBA in legal studies take?

It takes two years to complete an MBA in legal studies. However, some universities are also offering accelerated degree tracks which can take one or one and a half year to complete. If you are looking for a shorter route, an accelerated MBA program can be a suitable career path. You can check with the schools you are interested in to learn more about the program duration.

What can you do with an MBA in legal studies?

With an MBA in legal studies, you can work in different private and public organizations. Some of the job positions that you may qualify for are:

  • Paralegal assistant
  • Arbitrator
  • Labor relations manager
  • Legal investigator
  • Legal advisor

How much can you make with this degree?

The income level will depend on the career path you pursue. According to the US Bureau of Labor Statistics (BLS), paralegals made a median annual income of $46,990 in 2012 whereas arbitrators made a median annual income of $57,180 in 2014. Factors such as location, employer organization, specialization, and previous work experience may determine the student’s income potential.

Where can I work with an MBA in legal studies?

With an MBA in legal studies, you can work in different organizations and sectors. Take a look at some of the options:

  • Law firms
  • Law enforcement and investigative agencies
  • Court systems
  • Research organizations
  • Community welfare organizations
  • Government departments
  • Trade unions
  • Banks
  • Schools and universities
  • Advocacy groups
  • Humanitarian organizations
  • Private organizations

How long does it take to complete MBA in Legal Studies?

Obtaining an MBA in paralegal/legal studies can help students gain knowledge of the American law and develop marketable skills. This degree has grown in importance, as it is critical for managers and business leaders to have a thorough understanding of the law. There are a variety of MBA Law programs available to students these days; however this degree typically takes 1-2 years to complete.

What are the requirements to complete MBA in Legal Studies?

Entry to this program requires an undergraduate degree in a relevant subject e.g. Business, Finance, Economics or Law. Once the students have enrolled in the MBA in Legal Studies, they are required to study modules ranging from Legislation, Constitutional Law, Taxation, Strategic Management, Organizational Behavior and Corporate Finance. In order to obtain this advanced degree, the students have to complete the required credit hours and a comprehensive dissertation/final project.

How much can I make after completing MBA in Legal Studies?

According to the U.S. Bureau of Labor Statistics, the annual median pay of Paralegals and Legal Assistants was $50,940 in 2018. The number of jobs in this field in 2016 was 285,600. Also, the employment of paralegals is predicted to grow by 15% from 2016-2026, which is much faster than the average for all other professions.

Frequently Asked Question(s)

Q:When I came across an article regarding the MBA and a paralegal degree structure, they both had the Business Communications course. Why do Paralegals need to know about the Business Communications study?

A:MBA and Paralegal degree programs both have the Business Communications course in their syllabus. This course stresses on teaching the students on how to build exceptional business oriented oral and written communication skills. Some of the most advanced methods are used to train students to come up with concise, clear and thoroughly effective memos, reports, letter, proposals, e-mails and also case analysis. All of the contents of the Business Communication course are helpful to Paralegal students.

Q:Paralegal With MBA develop a range of skills, give examples?

A:Paralegal students who have attained a master's degree not only gain theoretical knowledge but also develop certain practical skills. These include skills such as analysis skills, communication skills, personal skills, organizational skills, legal terminology skills, decision making skills, research skills, and correspondence skills. These skills help students prepare for a competitive law industry.

Q:Can you tell me the course work of MBA with Legal Management?

A:Among a number of business degrees, one of the most sought for among the people who want to make a career in law is MBA with Legal Management. There are a number course you will get to study in this two - three year program .Some of the topics that will be covered include marketing management, lawyers and clients, operation management, financial management and organizational improvement.

Q:Can you tell me about paralegals with MBA qualifications?

A:Students who have earned an MBA in paralegal studies can qualify for high paying legal administrative jobs. These professionals have a thorough understanding of the law field, along with business administration skills. Some of the areas covered in a MBA in paralegal studies include marketing, organizational management, legal terminology, and justice administration.

Q:What is the curriculum of an mba in legal studies?

A:The curriculum of an MBA in legal studies integrates business management, administration and legal studies together. The coursework includes courses such as policy making, investment appraisal, business law, money and banking, corporate law, employment law, human resource management, business development, business studies, accounting, finance, taxation law, legal management, consumer law and economics.

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