Studying Business Law

Law. This word might conjure up images of courtrooms, serial killers and prisons in your mind. But there is more to law than that. For instance, did you know that law governs every aspect of how every business, ranging from a small café to a tech giant like Google functions?

Companies need to ensure that they aren’t breaking the law when going about their daily business. That is why they seek legal opinion when writing employment and supplier contracts, negotiating trade agreements, making financial transactions and paying taxes and tariffs. They also need assurance that their products or services comply with safety and regulatory guidelines.

With a degree in business law, you could offer legal advice to firms from a commercial point of view. In addition to learning about law, by studying this degree, you will get to grasp the fundamentals of business and management, taxation, marketing, human resources and related subjects.

Australian universities deliver well-organised, industry-relevant programmes that are valued by employers. In fact, most of the programmes are embedded with a work experience option which involves either undertaking a work placement or completing a suitable project at an external organisation or company.

Several of Australia’s 37 universities offer programmes in business law.

Some of the universities where you could study are:

• Monash University
• Bond University
• University of Sydney
• La Trobe University

Salary and Career Prospects

Business law graduates find work in all sectors, including IT and tech (Microsoft, Apple), retail and hospitality (Marriott, Woolworth), banks (ANZ), pharmaceutical companies (Johnson & Johnson) and the government.

Some of the roles graduates take up are: Compliance Officer, Regulatory Specialist, Tax Adviser, Policy Adviser, and Financial Analyst.

Salaries vary depending on qualifications, job role, location and experience. As a guide, business law professionals earn around $70,000 to $100,000 a year (48 lakhs – 68.58 lakhs INR).

Why Study in Australia?

Australia has cemented its place as one of the best study destinations for international students. There are 37 universities in Australia; with 7 featuring in top 100 and 15 in top 250 in QS World Rankings 2019.

Tourism, financial services, education, mining and agriculture are the largest sectors in Australia. Prominent IT and technology companies like Google, Microsoft, Apple, in addition to home-grown brands like Atlassian, Gridware, Aconex operate in Australia. Cities of Melbourne and Sydney have a thriving start-up and innovation landscape.

Australians enjoy year-round good weather, high salaries, access to spectacular beaches and a healthy work-life balance. The country is vast and beautiful and has something to offer for everybody, be that opera, music concerts, films, outdoor activities or beaches and surfing.

International graduates are typically offered post-study work visas of up to 3 years upon graduation.