Overview

Business law is a field perfect for those who are interested in both the business world and the legal world. While students of business law must come in with a foundational knowledge of law in America, they will go on to specialize in law pertaining to corporations. A typical career path for a business law graduate is to become a business attorney or a paralegal, although graduates may go on to become law professors and teach their knowledge as well.

Students who enter a business law program may be required to already have their Juris Doctor (JD). A JD is the basic degree required to practice law in the U.S., and it provides students the necessary background in concepts and theories of the U.S. legal system. A master’s in business law is an advanced law degree, and students may take specialized classes in business organization, entertainment law, and real estate law, among others. Ultimately, students will graduate with an understanding of how corporations are structured and of how they function under the law.

Degree holders can work as business attorneys, corporate counsel, paralegals, law professors, consultants, and finance analysts. Their grasp of both the law and business practices also provides a strong background for other top-level positions in corporations and universities.

Yes. The key is to find an accredited program that suits your specific scheduling needs.

Most online degrees are accepted by employers and universities. Many highly respected programs now offer online degrees.

Most students will graduate with their master’s in business law within 2 years. However, programs are structured differently at different schools, so it may take more or less time to complete the degree.

For students who are interested in both law and business, a master’s in business law opens up many doors. Graduates will be prepared to take on jobs in both the legal and business worlds, and having an advanced degree often allows them to skip over entry-level positions.

Since a master’s in business law is a specialized degree, starting salaries for graduates are relatively high. This degree also allows graduates to immediately enter mid-level jobs instead of starting at the bottom in their chosen specialization. In short, a master’s in business law can lead to a fulfilling, lucrative career for anyone interested in the legal side of business or the business side of law.

Best Online Masters in Business Law Programs

We took a deep-dive and analyzed every online Masters in Business Law program in the nation. Below are the results of our analysis and list of the 6 best online Business Law programs.

Read about our methodology here.
School Type
Private
Tuition
$2,960 per credit
Most Flexible

Boston University designed its international business law program for busy professionals who can't commit to the standard nine-month program on campus. Though this program combines online and residency sessions, BU provides convenient and flexible scheduling to meet all students' needs.


Program OverviewDepartment Name: School of Law
Program Name: LLM in International Business Law
Available Concentrations: Enterprise Risk Management & Compliance, International Environmental & Energy Law, International Taxation
Accrediting Body: New England Commission of Higher Education

DeliveryFormat: Online

Program requirementsPrerequisites: JD degree. Bachelor's degree for certain highly qualified candidates (see program page for details)
Credit Requirements: 24 credits

Program LengthProgram Options: Full time, part time
Program Length: 2 years
Program start dates: Fall, Spring

Address:

765 Commonwealth Ave

Boston, MA 2215

617-353-5323

School Type
Private
Tuition
$1,550 per credit
Most Comprehensive

Loyola University Chicago provides a comprehensive business law and compliance program for professionals who want to develop or enhance their expertise in transaction law. Those who choose to study online may focus their studies in compliance and improve their skill set and knowledge for career advancement.


Program OverviewDepartment Name: School of Law
Program Name: LLM in Business and Compliance Law
Accrediting Body: Higher Learning Commission (HLC)

DeliveryFormat: Online
Instruction Style: Synchronous, Asynchronous

Program requirementsPrerequisites: JD degree
Credit Requirements: 24 credits

Program LengthProgram Options: Part-time
Program Length: 2 years
Program start dates: Fall, Spring, Summer

Admission RequirementsApplication deadline: Fall: August 1; Spring: December 1; Summer: April 1
Work Experience: Two years of professional experience

Address:

1032 W Sheridan Rd

Chicago, IL 60660

773-274-3000

School Type
Public
Tuition
$950 per credit
Best Experiential Education

Western Michigan University offers students a rigorous corporate law program in which they learn and improve their skills through experiential training. Students solve challenging, real-world problems and develop their legal skills and business law knowledge for career advancement upon earning their degree.


Program OverviewDepartment Name: Cooley Law School
Program Name: LL.M. in Corporate Law and Finance
Available Concentrations: Global Public Companies Law
Accrediting Body: Higher Learning Commission

DeliveryFormat: Online

Program requirementsPrerequisites: J.D. or LL.B
Credit Requirements: 24 credits

Program LengthProgram Options: Full-time
Program start dates: September, January, May

Admission RequirementsApplication deadline: Rolling
GPA: 3.0

Address:

300 S Capitol Ave

Lansing, MI 48933

517-371-5140

School Type
Private
Tuition
$1,004 per credit
Most Cutting-Edge Law Program

Widener University designed its cutting-edge law program to combine two degrees in one: Master of Jurisprudence in Corporate and Business Law and a Master of Business Administration. Students can earn both degrees simultaneously in a 100 percent online environment and receive training in real-world skills that make them successful in corporate and business job markets.


Program OverviewProgram Name: Master of Jurisprudence in Corporate and Business Law
Accrediting Body: Compliance Certification Board (CCB)

DeliveryFormat: Online

Program requirementsPrerequisites: Bachelor's degree
Credit Requirements: 48 credits

Program LengthProgram Length: 2-3 years
Program start dates: Summer: May 28, 2019

Admission RequirementsGPA: 2.7

Address:

One University Place

Chester, PA 19013

844-386-7321

School Type
Private
Tuition
$1,565 per credit
Best Trade Law Faculty

John Marshall School of Law offers an in-depth international business and trade law program that's delivered by industry leaders. The faculty members are active law practitioners who have international practices and deliver the most up-to-date information regarding trade, investment and regulation.


Program OverviewProgram Name: LLM in International Business & Trade Law
Available Concentrations: International Compliance, International Corporate & Finance Law, International Trade Law
Accrediting Body: Higher Learning Commission

DeliveryFormat: Online

Instruction Style: Asynchronous

Program requirementsPrerequisites: JD or law equivalency degree for foreign attorneys
Credit Requirements: 24 credits

Program LengthProgram Length: 2 years
Program start dates: Fall, Spring, Summer

Admission RequirementsApplication deadline: Fall: August 1: Spring: December 1: Summer: May 1

Address:

315 S Plymouth Court

Chicago, IL 60604

866-460-2022

School Type
Private
Tuition
$1,570 per unit
Most Accelerated

Thomas Jefferson School of Law designed its business law program for busy practitioners who want to earn their degree as quickly as possible. Students who commit to a full-time schedule can finish the entire program in only one year of study.


Program OverviewDepartment Name: School of Law
Program Name: Masters of Science of Law
Available Concentrations: Taxation, Financial Services and Wealth Management, Financial Compliance and Risk Management
Accrediting Body: Council of the Section of Legal Education and Admissions to the Bar

DeliveryFormat: Online
Instruction Style: Asynchronous

Program requirementsPrerequisites: Undergraduate degree
Credit Requirements: 24 credits

Program LengthProgram Length: 1 year
Program start dates: Spring I: March 11, 2019; Spring II: May 6, 2019

Admission RequirementsApplication deadline: Spring I: February 22, 2019; Spring II: April 19, 2019
GPA: 3.25

Address:

701 B St, Suite 110

San Diego, CA 92101

619-961-4216

What Can I Expect from an Online Master’s in Business Law Program?

An online master’s in business law program emphasizes legal issues in the business world. Your degree can help you advance your career to the next level, especially if your job requires you to regularly interact with lawyers or involves a highly regulated industry. Full-time graduate students and working professionals benefit from online courses that often allow them to work at their own pace or at an accelerated rate to finish quickly. Choose online master’s programs from accredited educational institutions to receive the same degree of quality and professionalism as programs held on campus.

Concentrations Offered for an Online Master’s in Business Law

Graduate students completing their business law master’s degree online learn a blend of legal and business principles that can be applied in a wide range of careers in almost any field. Due to this versatility, earning your degree offers you numerous career paths. If you’d like to pursue a career in a specific industry, choose a concentration that aligns with this vocation.

CONCENTRATIONDESCRIPTIONPOSSIBLE CAREERS THIS CONCENTRATION PREPARES FOR
Environment and Natural Resource LawAn online master’s in business law with a concentration in environmental law focuses on issues dealing with conservation and could include courses on public policy, land use, pollution and climate change.Conservation lawyer, business compliance officer, resource protection manager
Entertainment LawA concentration in the entertainment industry covers contracts and laws in the film, radio, movie, television, music and publishing industries, including intellectual property rights and celebrity privacy laws.Celebrity attorney, in-house legal adviser, legal consultant, entertainment counsel
Real Estate Law and BusinessConcentrations in real estate law focuses on listing, purchase and sale agreements between property buyers and sellers.Real estate attorney
Human Resources and Employment LawMaster’s in business law programs with a concentration in employment law focus on hiring, firing, promoting and training employees and can cover finance, insurance and health care topics.Personnel or human resources manager, training and development manager, compensation and benefits analyst, labor relations lawyer

Curriculum for an Online Master’s in Business Law

Online master’s in business law programs are designed to provide you with the knowledge to address a wide variety of legal issues that impact a business’ performance, including financial regulations, compliance and risk management. Many programs are offered 100 percent online for maximum convenience to working professionals, but some require an end-of-program research project or thesis that may entail some work on campus. Each program offers its own unique curriculum, but some common courses you might take include:

COURSESDESCRIPTION
Business OrganizationPrepares graduates to work as legal consultants and examine the laws that govern businesses, especially corporations, including the foundational concepts, structures and functions of various entities.
Corporation and Limited Liability CompanyCover common laws governing these types of businesses, including related securities laws and the rights and legal duties of the owners, shareholders and corporate officers.
Regulation and ComplianceExplore the laws that affect individuals and businesses, including safety, health, environment, employment and consumer protection statutes.
Contract CreationDelves into how to read and write binding and nonbinding contracts and other legal agreements.
Risk ManagementBusiness strategies and risk management, including focusing on specific business goals and how to reach these goals in the current marketplace.

How Long Does It Take to Get an Online Master’s Degree in Business Law?

On average, full-time students can complete an online master’s degree in business law in two years, with programs requiring 24 to 32 credits covering a variety of topics. Depending on the exact type of business law degree you’re pursuing and your enrollment status, completing your master’s can take as little as nine months for accelerated programs or as long as four years when attending part-time. If your career requires passing the state bar exam, most states require you to obtain a juris doctor degree, which can take three years on top of the time it takes to complete your master’s in business law.

Certifications and Licenses an Online Master’s in Business Law Prepares For

CERTIFICATIONDESCRIPTION
Business AttorneyA master’s in business law can help prepare you to take the state bar exam, which is required to practice law. However, many states require you to complete a juris doctor degree before sitting for the bar. Some online programs offer a dual degree in business and law, often a JD/master of business administration program, that meets education requirements.

Accreditation for Online Master’s in Business Law Degrees

Accreditation is the evaluation process that ensures a college or university meets high academic standards. The most prestigious form of accreditation is regional accreditation, but schools can also have national accreditation. The Council for Higher Education Accreditation oversees agencies that provide national accreditation to ensure compliance with specific standards, as does the Department of Education.

To practice law in most states, the American Bar Association (ABA) requires a juris doctor degree, which you can obtain through online programs. However, the ABA doesn’t currently accredit any juris doctor or master’s in business law programs that are completely conducted online. Since online-only master’s in business law programs are typically not intended for those seeking to become an attorney but rather for those wanting to gain legal knowledge to excel in their chosen careers, choosing schools with regional or national accreditation should suffice.

Employment Outlook for Master’s in Business Law Graduates

Job Placement: Master’s v. Bachelor’s

Earning an online business law master’s degree can put you on a fast track to advancement in your chosen career with a higher starting salary. Your degree may even allow you to skip over entry-level positions and immediately enter mid-level jobs related to your business law concentration. This is especially true for graduates pursuing careers in business management who have a master’s in business law that makes them a more desirable candidate in highly competitive fields.

Expected Salary

Once you’ve completed your online business law master’s program, you’ll have extensive knowledge of the laws, policies and practices that apply in a business environment. Many companies show preference to applicants with advanced degrees, and every industry benefits from a staff member with legal expertise. Understanding the legalities that impact a business puts you in a prime position for jobs in compliance, risk, regulation and personnel management jobs like these.

Median Salary for a Variety of Business Law Positions

Source: O*NET OnLine sponsored by the US Department of Labor

The legal field is lucrative, even in lower-level positions that still require advanced knowledge of business law. Completing your online master’s in business law can prepare you to be a legal assistant in a variety of industries, and the industry you work in can affect your salary, as demonstrated below.

Job TitleSalary Range
General Paralegal$31,903–$69,052
Real Estate Paralegal$33,833–$74,639
Intellectual Property Paralegal$44,273–$88,873
Corporate Paralegal$45,201–$88,669

Source: PayScale.com

Career Opportunities

All types of businesses rely on employees with legal expertise who can help guide their company through contract negotiations, labor relations, compliance issues, risk management and various legal issues. Your online master’s in business law can prepare you to succeed in a wide array of occupations including these:

JOB TITLEJOB DESCRIPTIONMEDIAN SALARYPROJECTED GROWTH RATE
ParalegalParalegals work in law firms assisting business lawyers in most tasks or work for large corporations providing legal advice and support through their in-house legal department. Some duties of a paralegal include legal research, contract creation and negotiation, managing business correspondence and file maintenance.$50,410 per year15%
Regulatory Affairs SpecialistWorking in regulatory positions requires precise coordination and documentation of the internal regulatory processes of a business, which may include internal audits, license renewals or registrations.$67,870 per year7%
Compliance ManagerCompliance managers ensure businesses remain compliant with all laws and regulations governing their operation, including ensuring compliance in contracts, licenses and permits.$105,610 per year7%
Risk Management SpecialistsRisk managers analyze and manage any area of potential risk to the assets, earning capacity and overall success of a business, including recommending ways to better control or reduce risks in various scenarios.$69,520 per year12%

Professional Organizations

Joining professional organizations helps graduates with a master’s in business law connect with peers, stay current on legal issues in their field and pursue educational, occupational and certification opportunities that help hone their skills and advance their careers. Highlighting your membership to national and international organizations in your field also shows potential employers your dedication to your career and desire to continually improve your skills. These are a few of the organizations that may be of special interest to business law professionals.

National Human Resources Association: A nonprofit organization for business law graduates in human resources, members take advantage of professional networking, professional development and leadership opportunities. It also offers career services to help in your job search and access to a range of training events held nationwide.

American Bar Association Business Law Section: A global network for business law professionals that allows them to expand their knowledge and careers through peer-reviewed scholarly journals, business law content, practice-specific committees, annual meetings, networking and job listings.

International Bar Association Corporate Law Section: An international organization that provides information, industry updates, news and other resources relevant to corporate law, plus internship programs, training courses, online CLE programs and a huge network of professional contacts.

Financing Your Online Master’s in Business Law

While online degree programs are often less expensive than their on-campus counterparts, many graduates find they still require financial aid. Your first step should always be filling out the Free Application for Federal Student Aid (FAFSA), which provides access to the largest sources of financial aid from the federal government. Many states and universities also use your FAFSA application to determine your eligibility for their financial aid programs. Graduate students should also seek funding through grants, loans and other financial assistance options.

Resources

Scholarships

Scholarships

Details

Jack M. Wilson Presidential Scholarship Fund

Award: $1,000

Deadline: September

Eligibility: Graduate students who demonstrate academic excellence and are enrolled in six credits in any academic program through UMassOnline.

Brown PC National Business Law Scholarship

Award: $500

Deadline: December

Eligibility: Full-time law student with a demonstrated interest in business law. Award paid directly to the student to pay for any expenses related to legal education.