LLB vs MBA: Which is Better? Salary, Fees, Course Details

LLB Vs MBA: Choosing which course to study determines the course of one’s career. It will also determine how life will shape up in the future. In the debate over which course is better, proper information would break the tie. LLB stands for Bachelor of Legislative Law and is a basic requirement for anyone wanting to pursue a career in law. On the other hand MBA stands for Master of Business Administration which opens the doors for a good career in management and administration in business organisations. To answer the question, LLB or MBA which is better, one needs proper information on different aspects about the courses. In this article, learn about LLB vs MBA, and its various aspects relating to course details, fees and expected salary.

This Story also Contains

1. LLB Vs MBA Overview
2. LLB Vs MBA Syllabus
3. LLB Vs MBA Which is Tough
4. LLB Vs MBA Entrance Exams
5. LLB VS MBA Fee Range
6. LLB vs MBA: Career Opportunities
7. LLB Vs MBA : Salary
8. LLB vs MBA - Best Colleges of India

LLB Vs MBA Overview

Let’s have a brief overview of the LLB vs MBA in India through the below given table.

Note that the study of law can also be pursued directly after 12th grade in the form of a five year integrated BA LLB programme. This course is a combination of law subjects and arts subjects such as geography and economics. Students are admitted through the Common Law Admission Test.

LLB Vs MBA Syllabus

The LLB vs MBA course details are given below where one can find the important subjects taught semester wise.

The LLB course constitutes a mix of subjects from different areas of law. Candidates can further specialise in a particular law area by pursuing Master of Legislative Law (LLM) in different areas such as Criminal Law, Tax Law, etc. In colleges such as the Faculty of Law, DU, students can opt for optional subjects of their interest along with a certain number of compulsory subjects from the second year onwards

Colleges that have received approval from the Bar Council of India (BCI) offer the course. An LLB degree holder must pass the All India Bar Examination (AIBE), which is administered by the BCI, in order to practise law in India.

The MBA course comprises subjects from the management and entrepreneurship domain. In the first year, the subjects are common for everyone. During the second year of the course, students choose their area of specialisation from different fields such as Marketing, Finance, Human Resources etc. There are a certain number of compulsory subjects that are common for all and students also opt certain elective subjects that relate to their specialisation.

Given below is a typical semester wise list of important subjects that are part of the syllabus for the three year LLB course vs the two year Post-graduate MBA course. However, it is important to note that the syllabus pattern followed by individual colleges may slightly differ from the list given below. For more information on individual colleges check the list of top law colleges in India and the top MBA colleges in India

Source: Delhi University and Panjab University

The list of Electives is given below:

Electives - Finance

Quantitative Analysis of Financial Decisions, Security Analysis and Investment Management, Portfolio Management, International Financial Management, Management of Financial Services, Management Control System, Corporate Taxation, Financial Derivatives, Project Planning, Analysis and Management, Risk Management, Fixed Income Securities, Corporate Governance, Financial Reporting

Electives - Marketing: Consumer Behaviour, Advertising Management

Consumer Behaviour Advertising Management, Competitive Marketing, Business Marketing, Sales Force Management, Service Marketing, Sales Promotion Management, Brand Management Internet Marketing Retailing Management, Marketing Channel, Analytical Marketing, Advanced Research Techniques in Marketing

Elective - OB HRM

Management of Industrial Relations,, Human Resource Planning and Development, Manpower Development for Technological Change, Cross Cultural and Global Management, Performance Management, Training and Development, Managing Interpersonal and Group Processes, Managing Diversity, Counselling Skills for Managers, Human Resource Development: Strategies and Systems, Leadership, Power & Politics, Negotiation, Persuasion and Social Influence Skills, Personal Power & Leadership through Asian Values, Compensation Management

Elective - Production & Operations Management

Advanced Operations Management, Operations Strategy, Total Quality Management, Operations Research, Environment and Safety Management, Modelling in Supply Chain Management, Decision Models and Optimization, Quantitative Analysis of Risk and Uncertainty, Production Planning and Control, Supply Chain Management, Technology, Innovation and New Product Management

Elective - Entrepreneurship

Entrepreneurial Management, Entrepreneurship, Creativity and Innovation, Social Entrepreneurship, Family Business and Entrepreneurship, Financing the Entrepreneurial Business, Managing the Growing Business

Elective - Information Technology Management

Managing E-Business, Business Process Re-Engineering, System Analysis and Design, Strategic Management of Information Technology, Database Management Systems, Knowledge Management, Managing IT-Enabled Services, Network Operations, Management & Security, Business Intelligence

Elective - Services Management

Management of NGOs, Tourism Marketing, Transportation Management, Hospitality Marketing, Hospitality Operations Management, Civil Aviation Management, Airport Management, Service Operations Management, Total Service Quality Management,

(Source: Faculty of Management Studies, University of Delhi)

The specialisations mentioned above are the most commonly found specialisation areas across different B-schools. Besides these, several colleges also offer specialisation in emerging trends such as Data Analytics. Interested students must visit the official website of the individual college to find out more about the specialisation of their choice.

LLB Vs MBA Which is Tough

The syllabus given above for the LLB and MBA course shows that both the courses are very comprehensive covering a wide range of subjects. The course rigour for both fields is very high. The level of difficulty will depend on the preparedness of the aspiring students to complete the assignments and tasks contained in the syllabus.

LLB Vs MBA Eligibility Criteria

Before applying for the course candidates must make sure they meet the eligibility criteria.

For taking admission into LLB courses, candidates need to clear the LLB entrance exams such as MH CET 3-Year LLB, CUET LLB, LSAT India, TS LAWCET, PU LLB examination

If the candidate wishes to opt for the five year integrated BA LLB programme in different national law universities , then they will have to appear for the Common Law Admission Test

Admission for MBA into the IIMs is conducted through the Common Admission Test. There are also other management entrance exams for entry into various colleges such as XAT and MAT which candidates can opt for.

LLB Vs MBA Entrance Exams

There are numerous exams conducted at the national level, state level and university level for entrance in different law and management courses across the country. Given below is a list of some of the popular entrance exams for law and MBA.

LLB VS MBA Fee Range

The cost of a typical three year LLB course can vary anywhere between Rs. 20K to 20 lakhs. For the MBA course from the IIMs, fees can range between Rs. 5 Lakh - Rs. 32 Lakh while in the government colleges the fees can vary between Rs.50K to Rs. 4 Lakh. In private colleges the course fees can range between Rs. 20- 25 Lakh.

For reference, the fees for the LLB course in Delhi University is around Rs.15000. The fees for a five year integrated BA LLB at NLU Delhi is Rs. 3.65 Lakhs per annum. The fees at IIM Ahmedabad, the top college for MBA in India, is Rs.30,00,000, if one opts for single accommodation.

LLB vs MBA: Career Opportunities

Both LLB and MBA offer attractive remuneration and exciting career opportunities.

Some of the top jobs after LLB which a law graduate can opt for include avenues such as a litigation attorney, cyber law expert, corporate lawyer. The scope of careers opportunities after MBA is also huge. Students can secure positions such as brand manager, financial analyst, HR manager, depending on their area of specialisation.

Top Career Opportunities

LLB Vs MBA : Salary

The median salary for an LLB graduate can range anywhere between Rs. 4 lakh to 18 Lakhs as per data from top ten law colleges in NIRF India rankings 2023. On the other hand top MBA colleges in India typically offer an average salary upwards of 20 lakhs per annum. The median salary package of the top 10 management colleges as per NIRF India rankings 2023 ranged between 13 Lakhs p.a to 27.60 lakhs per annum

Salary Packages

LLB vs MBA - Best Colleges of India

When pursuing any of the course, it's imperative for candidates to opt for the best colleges to improve their prospects after completing their studies.

Best LLB Colleges:

• NLSIU Bengaluru
• SLS Pune
• Lovely Professional University
• Panjab University

Best MBA Colleges

• IIM Ahmedabad
• IIM Bangalore
• IIM Calcutta
• XLRI Jamshedpur

Also Check: Top Law Entrance Exam 2023