Is it worth it studying a joint LL.M./M.B.A degree ?

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Is it worth it studying a joint LL.M./M.B.A degree ?

Applicants from legal backgrounds interested in areas of banking, international business or finance now have the opportunity to learn these topics through a combined LLM-MBA degree. Applicants would need to demonstrate their interest and capability for activities such as problem solving, analytical skills, earning professional skills, group discussions and presentations, etc.

 

Who is it suited for?

A dual LLM-MBA is ideal for those considering a career in law/public service or keen on working in the corporate sector to be able demonstrate skills and competencies of a legal professional.  

It can also be useful for management trainees or executives in companies who are still in the process of identifying their areas of strength to be able to progress within the company or join a legal or corporate affairs team.

Corporate staff or managers in small to medium-sized companies or firms would find this kind of degree relevant if they wished to gain managerial positions or considered moving to more challenging positions. Moreover, for those working in government organizations, this degree can be found useful if they wish to advance to general manager or administrative head positions.

You will find details of universities providing the combined degree on our website here and here. Stanford Law School also provides a combined degree with the option to do a JD and an MBA.

 

Requirements

The dual degree enables students with a first law degree to obtain an LLM and an MBA. Typically, the degree spans across two years (sometimes more), depending on each university’s set timeframes. You must fulfill the degree requirements for the joint degree program as outlined in the university’s guidelines.

The programmes will usually start with the fulfilling of the LLM degree requirements in the first year followed by the MBA degree requirements. You will be given a wide range of courses to choose from in both the areas.  LLM modules can range from constitutional law to corporate finance and banking. MBA courses can include core and elective modules that you complete within the timeframe allocated for the MBA programme under the dual degree. MBA courses can range from Strategic decision-making to Mergers and Acquisitions.

 

Features of the combined degree programme

Based on course information and objectives provided on university websites, the combined degree is aimed at building a connection between law and management courses so that they make it relevant to those seeking jobs or already working in the corporate sector or government organizations.

The course is designed in a way that it can provide students with management tools that are essential to compete in a global corporate environment, demonstrate the capacity to engage in decision-making surrounding business strategies and contributing to the overall company growth by assisting management in identifying legal or financial risks.

The objective of the combined degree programme is to give the student the chance to progress in their career by acquiring new skills and improving on existing skills.

Let’s quickly look at some of the key factors that bring out advantages of the combined degree course:

  • Business environment:

Many of you may be legal professionals working in areas of corporate or tax law. It can be very useful if you acquired the business and management skills enabling you to add more value to your profiles and to get a broader understanding of how your organization works.

  • Professional skills:

A dual degree can give you an opportunity to polish your acquired professional skills and to develop new ones that might include skills that are seen to be relevant as per current industry practice.

  • New areas of interest:

The dual degree can give the student an opportunity to identify new areas of interest within law or management topics. For instance, if a legal professional was keen on moving to the management side within the company, they would benefit greatly by acquiring management skills through courses offered under the MBA list of modules.

  • Overall professional transformation:

The dual degree has the capacity to help build a broad knowledge of the corporate environment that can lead to your personal growth and transformation. By improving your ability to deal with complex corporate and regulatory issues, you can help add value and improvements to your own profile and overall team work.

 

Career counselling and networking

Depending on how the dual degree programme has been designed, the institution is likely to arrange career events, counselling sessions and networking groups where you will get a chance to interact with fellow classmates, alumni and staff to understand how best to utilize the course in your career prospects.  Whilst you are deciding on your module selections, it will be useful to find out which courses suits your needs best.

Please ensure that you go through information on university websites very carefully especially in terms of degree requirements and modules offered. If you have any queries, don’t hesitate to contact the relevant university staff.