Are you fascinated by the intricate, legal worlds of both national and international business relations? Do you want to hone your leadership and management strategies while also developing polished skills in legal research, writing, and consultation?
Then a degree in business law may be for you!
What kind of Master’s in Business Law degree should you get?
Though each of the 15 programs on our list will provide a foundation in business law, they also vary in terms of degree structure and requirements. Foremost, many of the programs on our list are LLM degrees. An LLM is an advanced certification with global recognition. Others are JD or Master’s degrees.
To find the best fit for you and your career goals you’ll want to consider not just coursework, but the supplemental research and networking opportunities offered by the schools.
Most of the degrees below are offered on-campus only, but you may want to consider online education. It is an affordable, flexible, and customizable approach to education. So, be sure to check out College Choice’s Best Online Law Schools.
How much money do people make with a Master’s in Business Law degree?
It’s no secret that law is a lucrative field. And that’s just as true for one with a Master’s in Business Law degree. You will graduate fully equipped for leadership positions with a salary that reflects as much.
Lawyers make nearly $120,000 annually in a position that will grow another 8 percent in the next few years. But for those with specialized experience in business law? Those numbers leap up.
Corporate lawyers can make up to $196,000 a year according to Payscale. That’s not all! Payscale offers even more good news. Corporate lawyers and aids are among the most satisfied legal professionals!
What can you do with a Master’s in Business Law?
Though most people see a Master’s in Business Law as setting one up to work in a law firm – which it surely can – the degree is actually far more applicable and versatile.
Most big companies, agencies, and organizations rely on people with legal business expertise to help them navigate concepts like taxation, rights, and negotiations. Therefore, you could find yourself working for a government agency or for a private practice. You may work for an environmental non-profit or a massive Silicon Valley corporation.
You can also find yourself applying your degree to a range of skill sets, from data analysis to consultation. All that is to say, this degree unlocks innumerable doors.
What are the requirements for a Master’s in Business Law degree?
To earn a Master’s in Business Law, you will be required to spend at least the next two years studying full time. In your first year you can expect foundational classes in business law such as Corporate Taxation and Finance, International Law, and Business Regulations, among others.
Between your first and second year you may spend time interning to gain hands-on experience. Or you will dive right into specialized coursework. Either way, your second year is an ideal time to take classes that sync up with your career ambitions. These programs offer an array of electives:
- International Intellectual Property
- Immigration Law
- Cybersecurity Law and Policy
- Environmental Law
- And much more
You should also take advantage of your university’s resources. Network and attend the Law School’s events. Partner with research and cultural centers. For example, Georgetown is home to the Center on Transnational Business and Law as well as the Institute of International Economic Law. What a great way to get connected!
What are the best Master’s in Business Law degrees?
All of these programs, the LLMs and JDs alike, are offered through some of the nation’s most renowned law schools. And all 15 are, hand’s down, the best in training future lawyers in the nuances of national and global business law.
To find the best programs we looked thoroughly at every law school offering Business Law as a specialization or concentration option. From there we investigated key factors such as university reputation and its retention rate. Finally, we took into account the salaries of graduates and tuition rates to get an idea of the return on investment.
Our exhaustive research led us to this definitive list of the nation’s best programs for business law.
College Choice Score: 100
Average Net Price: $19,950
Duke University is located in Durham, North Carolina and has the reputation for being among the best schools in the South. It is a known research hub with highly regarded medical, law, and business schools. Around 15,000 combined undergraduate and graduate students attend Duke.
For those who want to direct their careers toward international law, Duke offers a JD/Master in Global Business Law. This three-year degree requires two years spent at Duke then the last year is spent in Paris. Students graduate ready to sit for the French Bar exam. Additionally, you will complete a prescribed course list consisting of:
- Civil Procedure
- Legal Analysis, Research, and Writing
- Constitutional Law
- Criminal Law
One of the wealthiest schools in the nation when it comes to research funds, Duke has produced some of the most Rhodes, Truman, Goldwater, and Marshall Scholars in the country.
Forbes ranks Duke seventh among “power factories,” and the Wall Street Journal ranks it fifth among all national universities and colleges.
College Choice Score: 93.42
Average Net Price: $29,326
One of Chicago’s best schools, Northwestern University is located just outside of city proper in Evanston, Illinois. A majority of Northwestern’s students are graduate students enrolled in one of the university’s world-renowned professional schools. For example, the Kellogg School of Management and the Pritzker School of Law are among the best of their kind.
Northwestern Law is an excellent place to study business law. It offers a JD/MBA three-year program with a set of business law courses. But it also offers a Business Enterprise Concentration. Students will have the opportunity to partner with the Donald Pritzker Entrepreneurship Law Center. They will also take classes such as:
- Business Associations
- Corporation Finance
- Securities Regulation
- Basic Federal Income Taxation
Pulitzer Prize winners, MacArthur Geniuses, Nobel Prize laureates, and Supreme Court Justices are just some of the graduates who’ve come out of Northwestern. Indeed, the university is ranked eleventh among all national universities by U.S. News & World Report.
University of California Los Angeles
College Choice Score: 91.28
Average Net Price: $14,236
The Los Angeles member within the larger University of California System is a large, diverse university. It offers more than 330 academic programs, has more than 31,000 students, and is home to dozen of research facilities. UCLA’s business and law schools are some of the best-ranked in the country.
UCLA Law offers a LLM degree with specialization in Business Law. In addition to studying federal income taxation and business associations, you will also have the opportunity to explore the full spectrum of business law concepts, issues, and trends. For example, electives include:
- Cybersecurity Law and Policy
- Music Industry Law
- International Intellectual Property
- Contracts for Foreign Lawyers
UCLA is a Public Ivy, meaning it is considered to be academically on par with its private Ivy League counterparts. Nationally and globally ranked, UCLA is praised for its academic excellence, but also for its research publications, social mobility, its return on investment, and much more.
College Choice Score: 87.87
Average Net Price: $26,625
Georgetown University is a Catholic school located in Washington, DC. It is organized into nine undergraduate and graduate schools. The School of Business and the Law School are especially well-known, as they graduate students each year who go on to acquire high-profile careers in government and international public affairs.
At Georgetown you can earn an LLM in International Business and Economic Law. This is a highly flexible, customizable degree program. Students design their own program of study, choosing from more than 70 courses. For those who are interested in cross-border business practices on both national and international levels, this is an ideal program. You’ll also have access to over 20 research centers and institutes, including:
- Center on Transnational Business and Law
- Institute of International Economic Law
- The Supreme Court Institute
- Women’s Law and Public Policy Fellowship Program
Home to the nation’s largest student-run business and student-run financial institution, Georgetown is ranked among the top 25 best schools in the nation by Forbes, U.S. News & World Report, and Washington Monthly. It is also the oldest Catholic and Jesuit-affiliated university in the country.
College Choice Score: 86.45
Average Net Price: $23,150
Vanderbilt University, or Vandy, is a research-driven university based in Nashville, Tennessee. Around 12,600 students attend Vandy, enrolled in one of the 10 colleges or professional schools. Though strong in many areas, the university is most known for its business and law programs.
Vanderbilt Law School offers an LLM in Law and Business with added specialization in Corporate Law. This is a full-time program that trains students in corporate law, finance, accounting, securities regulation, and corporate governance. Another option is to earn a Certificate in Law & Business with the JD program. Either way, you will take core courses such as:
- Federal Tax Law
- Corporate Taxation
- Corporate Finance for Lawyers
- Introduction to Legal Research, Writing, and Analysis in the US
The Vandy campus is home to a number of renowned research centers and institutes, including the Institute for Public Policy Studies, the Freedom Forum First Amendment Center, and more. The campus is also designated a national arboretum. U.S. News & World Report ranks Vandy fourteenth among all national universities and colleges.
Loyola Marymount University
College Choice Score: 85.39
Average Net Price: $40,946
Located in the Westchester neighborhood of Los Angeles, Loyola Marymount University is a private Jesuit school. It is a member of the Association of Jesuit Colleges and Universities and one of the largest Roman Catholic schools on the West Coast. More than 9,000 students attend LMU.
You can earn an MS in Legal Studies from Loyola Marymount in which you’ll specialize in Business Law. This is the perfect program for those who aspire to management position within legal companies and agencies. You’ll not only learn how to assess and manage risk, you’ll also hone your problem-solving skills and develop leadership qualities. Courses include:
- Corporate Finance
- Licensing in an International Context
- Mergers and Acquisitions
LMU is a highly decorated university, with many rankings and recognitions to its name. For example, Forbes includes it on its “America’s Top Colleges” list. And The Princeton Review names it one of the Best Colleges in the West with the “Happiest Students.” U.S. News & World Report ranks LMU third regionally.
George Washington University
College Choice Score: 83.19
Average Net Price: $39,562
George Washington University is comprised of 14 academic colleges and professional schools. Located in Washington, DC, the university has more than 27,000 students. Many of GWU’s schools are highly regarded, including the School of Media & Public Affairs, the Trachtenberg School of Public Management, the School of Business, and the GW Law School.
When you earn an LLM degree from George Washington University you can specialize in Business Law. This entails 16 credits worth of coursework specific to business law, in addition to the required core. This is an excellent program for those who want both a broad law degree with the option of taking highly specific coursework. For example, some classes you can take include:
- Venture Capital Law
- Regulation of Derivatives
- Creditors’ Rights and Debtors’ Protection
GWU is nationally and globally ranked by U.S. News & World Report, Forbes, Wall Street Journal, and many more. In addition to its academic accolades, the university is also known for being a top research institution, for having a politically active campus, and for being founded by US Congress in accordance with the vision of George Washington.
College Choice Score: 81.31
Average Net Price: $27,167
Boston College is a private Jesuit Catholic school located in Chestnut Hill, MA. It is a research-based university with nearly 5,000 students. Though founded as a liberal arts school, and still maintaining those roots, Boston College now consists of nine schools, including its renowned business and law schools.
Boston College’s LLM program allows students to pursue a concentration in business and commercial law. At BC you will work with professors who are leaders in their field while being immersed in the ins-and-outs of the US legal system. Graduates from BC have gone on to acquire high-profile careers in:
- Private practices
- Legal scholarship
- Government agencies
- International organizations
Boston College is top-ranked for its graduate programs in business, education, nursing, and law. Businessweek, The Princeton Review, Financial Times, and U.S. News & World Report are just some of the publications that heap praise on BC.
University of San Diego
College Choice Score: 78.89
Average Net Price: $38,596
The University of San Diego is a private, Roman Catholic school. It offers more than 60 programs through its six academic colleges and professional schools. Around 7,000 students attend USD, a university lauded for its business and law degrees.
You can earn an LLM in Business and Corporate Law from the University of San Diego that will give you both a practical and theoretical foundation in complex business transactions. You will not only become an expert in US business practices, but you’ll gain an international scope on the relationship between global law and business. Classes cover:
- Labor and employment
- Corporate finance
- Intellectual property
From PayScale to Bloomberg Businessweek, Forbes, and U.S. News & World Report, USD is ranked by many publications. It is not only known for its academics, but for its commitment to sustainability, its beautiful campus, and its social mobility.
College Choice Score: 77.35
Average Net Price: $29,998
Northeastern University is a private school located in Boston, MA. It is a top research institution known for its co-op program. Approximately 25,000 combined undergraduate and graduate students attend Northeastern.
Northeastern’s LLM program gives students the unique opportunity to concentrate in International Business Law. In addition to core courses covering corporations, international business transactions, trade law, and law and economic development, you can take specialized courses such as:
- Global AIDS Policy Seminary
- Immigration Law
- Human Rights & the Global Economy
Northeastern is ranked well for its academics, but it is also highly regarded for how it prepares its students. Indeed, it is ranked first in the nation by The Princeton Review for being the Best School for Internships. U.S. News & World Report ranks it the #6 Most Innovative School in the US.
Case Western Reserve University
College Choice Score: 74.36
Average Net Price: $33,124
Case Western Reserve University is located in Cleveland, OH. It was founded as a merger between two schools, one a research university and the other a technology institute. Today, Case Western has more than 11,000 students and dozens of academic and professional programs. Case Western is especially well known for its business, law, and medical schools.
When you earn an LLM degree from Case Western you will not only build a sturdy foundation in international business law, you will polish your writing and communication techniques. Case Western’s program emphasizes practical development, giving graduates the confidence to apply US business law and international business transactions to real-world scenarios. For example, some of the classes you’ll take at Case Western include:
- Business Associations
- US Contract Law
- US Legal Research, Writing, and Analysis
- US Scholarly Legal Writing
Case Western is well ranked and highly regarded by The Wall Street Journal, Times Higher Education, Forbes, U.S. News & World Report, and Businessweek, among others. Campus is the site of vibrant research activity, particularly across the STEM fields.
College Choice Score: 70.71
Average Net Price: $40,709
Chapman University is a private school located in Orange, CA. It is organized into 10 schools and colleges. Among them are the Dale E. Fowler School of Law and the Argyros School of Business and Economics. Approximately 9,000 students attend Chapman.
The LLM in Business Law degree at Chapman University covers everything from mergers and acquisitions to bankruptcy, international copyright law, and the intersection of business and legislation. While your core coursework covers business planning and transactional law, Chapman’s electives allow you to specialize. For example, you can take classes on:
- Mergers & acquisitions
- Anti-trust Legalities
- International Copyright Law
- Intersection of Business and Legislation
U.S. News & World Report names Chapman fifth among Best Colleges in its region. Likewise, the business programs at Chapman are among the top 100 best in the nation, and they are fourth among private California universities.
University of Washington
College Choice Score: 70.65
Average Net Price: $10,068
Located in Seattle, the University of Washington is the leading university within the Pacific Northwest region. Encompassing nearly 150 academic departments, more than two dozen libraries, and an array of research and cultural centres, UW is an impressive home for its 46,000 students.
You can earn an LLM in Global Business Law from the University of Washington. This program is for students who want to broaden their knowledge of both US and international business law. You will therefore graduate a business professional with a markedly international perspective on the nuances of legislation and law. In addition to your core coursework, you can explore such topics as:
- Chinese Law
- Consumer Bankruptcy
- Theories and Tools for Combating Corruption
- International and Foreign Law Research
A Public Ivy, the University of Washington is nationally and globally ranked. It is known for its commitments to sustainability, its huge advances in research, and for its record of graduating dozens of Nobel Prize winners, MacArthur Fellows, Pulitzer Prize recipients, and more.
College Choice Score: 69.99
Average Net Price: $34,934
Loyola University Chicago is a private Catholic school. It is one of the nation’s largest Catholic universities and was first founded by the Jesuits. Today Loyola maintains those commitments, encouraging civil leadership and community service among its students.
The LLM in Business Law program at Loyola University in Chicago covers contemporary business issues as well as a comprehensive study of law. Indeed, students gain insight into business organization and planning, international trade, business technology, corporate counseling, and much more. You can also explore niche areas of business law such as:
- Art Law
- Anatomy of a Deal
- Construction Law
- Corporate Transactions in Health Law
Loyola is well ranked academically and for its value. It is also among the top 10 best schools in the nation that are “most committed to community service,” according to USA Today. The Graduate School of Business is nationally ranked by BusinessWeek.
College Choice Score: 67.08
Average Net Price: $12,621
A Midwest darling, Indiana University is a public school with over 40,000 students. IU is a flagship university with a highly regarded distance education program. The online business programs, in particular, are popular with over 6,000 enrolled undergraduate and graduate students.
Though you will take courses online through IU’s distance education program, your first year in the LLM program requires residence. You will also have the option to choose between a thesis or non-thesis track, both of which allow you to exhaustively explore business and commercial law. You will take at least 12 credits within the business core (some of which are listed below) and allocate the rest toward electives, making this a highly customizable degree.
- Secured Transactions
- Corporate Finance Law
- International Business Transactions
- Business Reorganizations
Indiana University is a Public Ivy and a member of the prestigious Association of American Universities. The Kelley School of Business and the Maurer School of Law are top-ranked. The online business graduate programs are ranked among the top 25 best in the nation.