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Business Law Degree

Business law is concerned with the creation of new businesses and the issues that arise in existing businesses from interacting with other companies, public and the government.  It draws on a number of legal disciplines such as tax law, real estate, sales, and intellectual property. Business law attorneys deal with transactional work, which means that they do not need to represent clients in court. In fact, businesses seek help from business law attorneys in order to avoid future litigation. For business law, it helps to view businesses as separate entities from their owners and employees. Like people living in a society, businesses are also governed by rules and regulations, in order to give all businesses an equal opportunity to thrive.

Business Law Degrees

With a business law degree, students can work on the legal aspects of a business. Since, business law is concerned with laws that influence modern business environment, a business law degree is a very versatile tool. It opens up a variety of career options for students. Another good aspect of a business law degree is that it can be pursued at many different levels. Students can opt for an associate’s degree, bachelor’s degree, master’s degree, or doctorate degree in the field. It is important to select the right level of a business law degree. Individuals having little training and previous schooling can go for an associate’s or a bachelor’s degree, as both degrees can be opted with a high school diploma. While a master’s degree and other advanced degrees are for students who already have a bachelor’s degree. Advanced degree tracks in business law may also require students to have some relevant experience in the field, before continuing further studies.


Business Law Schools

Students can obtain a business law degree from a large number of educational institutions. So, it is easy to find schools that meet the needs and preferences of students. Many major universities, including private institutions and state schools offer business law degrees.  There are a number of important factors that can help students decide the right school. These include the range of coursework available, student teacher ratio in classes, tuition costs, availability of scholarships, and accreditation of the program. It is highly recommended that students select a school accredited by a recognized accrediting agency, since accreditation can have a huge impact on the quality of education and the career of students. Some online schools also offer programs in business law and this can be a great opportunity for individuals who cannot set aside extra time for a campus-based degree.

Job Description of Business Lawyers

A business law career is different from a law career that focuses on litigation. Many lawyers are litigation attorneys who defend lawsuits in courts. However, business lawyers have to deal with transactional matters. For example, they work on purchase or sale of real estate, represent businesses and banks for loans, facilitate agreements between business, and help in starting and operating new businesses.  Business lawyers can be hired by a law firm or a business. Some businesses are large enough to require a lot of legal advice, so they keep lawyers on staff. The business lawyers generally do not require making court appearances. Also, business law jobs will not generally require you to work outside office. Business lawyers also gain useful insight of how to start and run a new business. With the business law experience, many more opportunities arise in future. After acquiring some experience, they can get the position of an in-house counsel in a large corporation or they can make a switch to another management position in the same company.

Careers and Salary

A number of career paths are available for individuals who opt for a business law degree. Business law graduates can work in new business ventures and agency or corporate compliance.  Salary generally depends on the type of job, demand for a particular specialty, and the level of education possessed by a candidate. Following are some prominent careers opted by business law graduates.


Accountants and Auditors
Auditors’ duties overlap with those of accountants. Auditors typically perform the following duties:

  • Prepare and examine financial records
  • Suggest ways to improve profits, enhance revenues and reduce costs
  • Organize and maintain financial records

The following are types of auditors:

  • Information technology auditors – They ensure that their employer’s financial data comes from a reliable source. They also review controls for their employer’s computer systems.
  • Internal auditors – Their main duty is to eliminate waste and fraud and they do this by finding ways to improve the processes for finding waste and fraud.


Tax Examiners and Collectors, and Revenue Agents

They are tax collectors for all practical purposes, ensuring that all the 3 tiers of government, federal, state and local, get their taxes from individuals and businesses. They collect overdue tax payments, identify taxes owed, conduct audits and review tax returns. Due to the nature of their job, these are public officials, working for the government. The federal government employs most of them. The work could be office-based or involve conducting field audits.

Insurance Underwriter

Many recent graduates in business law can acquire the position of insurance underwriter. They also have the opportunity to specialize in a particular field of insurance such as life, health, mortgage, property, and casualty insurance. Salary as an insurance underwriter typically depends on specialization. However, experience in the field can also result in a higher salary. According to BLS, the median annual salary of an insurance underwriter was $70,110, in May 2013. The highest ten percent of insurance underwriters earned more than $111,750, while the lowest ten percent earned less than $39,410.


Frequently Asked Question(s)

Q:What are the career options with a business law degree?

A:With a business law degree, there are a limited number of directions you could go into, in terms of the nature of your job. But as far as workplaces are concerned, you will have plenty of options. You can work for small or large law firms, government agencies or corporations. If you are not looking for a job as such, you can also go into private practice, which happens to be a very common career path for business law majors. You can also work for accounting or investment firms.

Q:Business and law degree programs are offered at what levels of post-secondary education?

A:Business law degree programs are usually offered at bachelor and masters level. A few colleges may be offering this field of study at associate level. The main purpose of this program is to provide students with a thorough understanding of business practices and management concepts, and knowledge of law. Students with business law degrees can qualify for positions such as legal advisors or assistants in organizations.

Q:Is there a degree that combines business with law degree?

A:Yes there is. A business law degree combines the subject of business with the legal aspects relevant to it. With a degree in business law, you could pursue a career in the business world with a special focus on the aspects of law and legal issues relevant to your career goals. This program will prepare to use business skills in a variety of industries ranging from new business ventures to corporate agency compliance.

Q:Why should I get a Business law degree online?

A:An online business law degree gives you convenience and the flexibility to design a program according to your needs. You can work around your existing personal or professional timetable and plan your study schedule according to it. Study materials, books and lectures are made available via online channels so you can access them from anywhere at any time, and all you will need is an internet connection and a computer.

Q:What can you do with a business law degree?

A:A business law degree will give you legal skills and knowledge needed to work in the corporate sector. With substantial knowledge of business and law, you can work as a legal advisor, legal consultant, legal assistant, and more. A number of organizations have legal departments that hire professionals with business and legal skills. The income level will vary from job to job. According to BLS, legal assistants made a median annual income of $46,990 in 2012. (Source: US Bureau of Labor Statistics)

Q:What are the benefits of pursuing an online business law degree?

A:Many colleges are offering business law degree programs online. Students who are working and do not have the time to attend on-campus classes can opt for online learning. This mode of learning is flexible and convenient. Students can study from any location without any time constraint. Online programs are also more feasible and cost-friendly.

Q:Should I go for a law or business degree, or a combination of both fields?

A:If you are interested in law and business administration, you don't have to choose between both. Now you can pursue business law as a combined academic principle. Many colleges are offering dual degree programs. The program will equip you with in-depth knowledge of business, management, law, business skills, and legal skills. You will learn about the legal aspects of the corporate world and how to effectively work in a corporate setting.

Q:What are the main business law degree requirements at bachelor level?

A:To complete a bachelor degree in business law, you will have to compete the requirements set by the college. Typically, these requirements include: attaining a minimum number of credits, completing all assignments, passing all examinations and projects, and covering all components of the curriculum. The requirements may vary slightly from college to college.

Q:How to get a business law degree?

A:That depends on the level of education you want to go for. You can study business law as part of bachelor of commerce program. This subject area can also be coupled with international relations, accounting or marketing. In most cases it is offered as a combined major with another primary major. However, there are universities that offer the subject as an entirely separate major.

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