Studies & Degrees in Business Law
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Business Law Study Programs
Those who study business law are concerned with the legal issues and rights surrounding business practices and development in their country of origin. It is a law pursuit, meaning it mainly studies the history and application of various laws (at federal and other levels). Business law encompasses many legal issues including employment standards, taxation, business ethics, banking and contracts.
The most prestigious places to study business law are at a college or university. While a bachelor’s degree is attainable in business law, most individuals choose to pursue a higher degree, most often in a law school (as most employers will prefer a law school degree). Many students will earn a bachelor’s degree in a related field (such as political science) and pursue a business law study at a master’s level.
It is unlikely to find a complete course of study in business law anywhere aside from an accredited college, university or law school. Some online programs or universities offer associate or bachelor degree courses in business law, along with some form of certification. Individuals can find textual and online resources for study, but this type of self-education will not give them a certification to practice business law.
Skills, Qualifications, and Prerequisites for Studies in Business Law
Studying business law as an associate or bachelor’s program at a college will entail certain admission requirements. Before a higher education institution will allow entrance, a candidate must at the least earn a secondary school completion certificate and pass a standardized aptitude test or entrance exam. If the individual seeks to pursue study at a law school, they are nearly always required to already hold a degree. Often, law schools also require candidates to pass an admission test that covers basic subjects and necessary legal information.
An online study program will typically not require any prerequisites, aside from a possible secondary school completion certificate. Any self-study programs are also void of prerequisites.
Business law requires a long, intensive course of study, so candidates should be dedicated to the course from the beginning. High intelligence is essential, as there is an enormous amount of legal information and technical research. An impeccable accuracy rate, especially in regards to detailed laws, is fundamental. Highly developed critical thinking, communication and interpersonal skills also makes for a prime business law candidate.
Skills and Qualifications Acquired from Studies in Business Law
A study in business law must cover all business regulations at multiple levels, from employee standards to international laws. Business law, therefore, provides skills and knowledge in the following applicable areas:
- History and development of the legal system.
- Basic business structures.
- International laws and regulations.
- Federal laws and regulations.
- Administrative laws and regulations.
- Labor and employment laws and regulations.
- Commercial laws and regulations.
- Court system and processes.
- Ethical practices.
- Leadership techniques and qualities.
- Sales and marketing.
- Negotiation and contract types and functions.
- Benefits, downfalls and types of partnerships.
Careers for Studies in Business Law
The vast majority of business law students undertake this study in order to become lawyers. They usually work for law firms or privately owned practices as attorneys, or as lawyers for trial cases. Sometimes they manage accounts and transactions for individual clients or consult in business projects.
Some business law graduates find employment in more specific fields, such as financing. They may become financial advisors, banking employees or legal analysts. Rarely, they will use their study as a foundation to undertake or partner in their own business, which may or may not be a legal consulting firm.