Law vs Management – which is better?
Vaishnav Gautam, 06 Sep 2018

Law vs Management – Which is better? - Deciding a career path is not an easy thing. With all the new professions coming out, students are bound to get confused about which career to choose. When this war goes on in a student’s head, two career paths which stand out are Law and Management. On one side, Law offers a profession like no other, helping people get justice but on the other hand, Management teaches you the nature of power, influence and leadership. So, Law vs Management – which is better? Read this article further to know all about both these careers and judge yourself

 

Law vs Management – which is better?

When you are confused between law vs management, you need to learn all about both the careers as both are fields which offer great careers and self-development. Knowing more about these fields will get rid of all confusion in your head. Thus, to know more about both these fields, read the complete article below

 

Why study Law?

Do you think no one can defeat you in an argument? Do you see yourself as a fighter for justice? If this is true, you should study law. Law is a career for people with great moral fiber. Righteous and brave, Lawyers help people get justice. You should be quick witted and confident if you want to be a good lawyer. Years of study and practice makes lawyers a force to be reckoned with. Lawyers have to study for a long period of time, however, which makes law a career unsuitable for some students.

 

Why study Management?

Studying management is a great idea for students who want excellent leadership qualities or who think they are leaders. Management teaches students the inner workings of a workplace. Intelligent, confident and sharp, Management students are bosses in a workplace. Management makes you a people’s person, greatly enhancing your public relations skills. If you think you are a problem solver with unique solutions to every problem, choose management as a career. Management courses in graduation span for 3 years. Management can be pursued after graduation too, spanning over 2 years.

 

Law vs Management – A comparison.

Particulars

Law

Management

Field of Study

Undergraduate degree of Law in India is LLB and it provides several modules in its syllabus, like: criminal law, contract law, constitutional or administrative law, equity and trusts, land law, tort law, cyber law etc.

Management teaches you several things. Common management syllabus consists of Accounting, Entrepreneurship, Finance, Legal Studies, Management, Management Information Systems, Marketing, Supply Chain Management etc.

Profession Requirements

Law requires students who are confident and well versed in their opinions.

Management requires students who have more public relations skills and who see themselves working amid people.

Income*

After LLB, a fresher in law can earn from 3 to 8 lakhs per annum. Income largely depends on qualifications and work experience.

Starting salary for a management graduate is 2.76 to 6.75 lakhs per annum. Income depends largely on higher education and work experience.

*Income data from payscale.com

 

How to study Law?

There are some steps you need to take if you decide you want to study law in future. After 10th grade, you can choose whichever stream you want to choose. Students who are interested in law generally choose the humanities stream. You must pass your 12th grade with an aggregate 50% and need to appear for entrance exams like CLAT, AILET, DU LLB, IPU CET LLB, JMI Law Entrance etc. After clearing the enrance exam, you will be admitted to a law college where you can pursue an integrated BA/Bsc/BBA LLB. Here is a list of top 10 Law colleges in India

 

Top 10 Law Colleges in India

How to study Management?

To study management, there are some guidelines a student must follow. In order to make a career in management, a student needs to choose Commerce stream in class 11th and 12th and thereafter, give entrance exams like DU JAT, GGSIPU CET BBA, NPAT BBA, SET BBA, IPMAT etc. After clearing any of the entrance exams, you will be admitted in a management college where you can pursue courses like B.A(Hons.), BBA, BHM or B.Sc. in management. Before going any further, take a look at top management colleges in India and choose where you want to go

 

Top 10 Management Colleges in India

Sr. No.

College

Entrance Exam

1.

Indian Institute of Management (IIM), Indore

IPMAT

2.

Shaheed Sukhdev College of Business Studies, Delhi

DU JAT

3.

Keshav Mahavidyalya, Delhi

DU JAT

4.

Deen Dayal Upadhyay College, Delhi

DU JAT

5.

Gargi College, Delhi

DU JAT

6.

Sri Guru Gobind Singh College of Commerce, Delhi

DU JAT

7.

HR College of Commerce and Economics, Mumbai

Direct admission based on student’s merit

8.

Jai Hind College, Mumbai

Direct admission based on student’s merit

9.

Mithibhai College, Mumbai

Direct admission based on student’s merit

10.

KC College, Mumbai

Direct admission based on student’s merit

Job prospects in Law vs Management

Job prospects in both the fields are rich and inexhaustible. You need to keep in mind the employment opportunities, job security, income, work profile etc. while choosing a career path. Here are some career opportunities each field has to offer

 

Job prospects in Law

A law degree enables student to pursue great careers in government and private sectors both. Some careers law has to offer are

  • Judge

  • Business Lawyer (Corporate Lawyer)

  • Employment and Labor Lawyer

  • Finance and Security Lawyer

  • Mergers and Acquisitions Lawyer

  • Intellectual Property Lawyer

  • Estate Planning Lawyer

  • Tax Lawyer

  • Criminal Defense Lawyer etc.

After LLB, a fresher in law can earn from 3 to 8 lakhs per annum. Income largely depends on qualifications and work experience.

 

Job prospects in Management

A management degree allows you to have specializations in various domains so that you can choose a particular field. This specialization gives you a career which is more suited to you. Specializations and domains in management are

  • Accounting

  • Entrepreneurship

  • Finance

  • Legal Studies

  • Management

  • Management Information Systems

  • Marketing

  • Supply Chain Management

Starting salary for a management graduate is 2.76 to 6.75 lakhs per annum. Income depends largely on higher education and work experience.

 

Thus, Law and Management are both unique careers and they offer plenty of room for a person to grow. A career in law is most influenced by working experience and qualifications. Law requires more time as well. A career in management is most influenced by qualifications and management requires considerably less time. Students can analyze themselves keeping their aptitude, skills and interest in mind while choosing a field.

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