First, the demand for specialized skills (that an MBA) does not provide, is rising. Understandably so.
Second, MBA program fees are now exorbitant. This creates a spiral for higher salary expectations. Such jobs are far and few between. Lower-paying (good) jobs just don't provide the ROI.
Third, there's a demand for deep specialization. When combined with a management degree, is what will provide the edge in the time to come.
Learnings for Law Schools:
The BBA-LLB (Hons.) program will see greater traction because the management curriculum covered as part of traditional MBA programs can be easily covered in the BBA segment. Combined with the LLB segment, the combination will provide the edge. Law is where the deep specialization will come from.
Law school fees range from high (NLS at ~25 lacs currently) to exorbitant (BITS Law and LLULER at ~70 lacs). These will have to focus on creating deep specialization through their PG programs. Currently, in these schools, UG degrees are their flagship programs - which cannot and should not be. State NLUs are at a big disadvantage as respective state funding is minuscule and erratic. Therefore, state NLUs depend on UG student fees to bring financial sustainability.
Educational loans are ALWAYS a bad thing. We have a situation of high fees in state NLUs --> high loans --> focus on RoI --> skewed career choices --> defocus on higher studies --> lack of good faculty --> drop in quality of law education.
Please don't spread misinformation. Legal education does not add extra leverage to the MBA, from wherever, unless you've been like a SA/PA in M&A, which makes it a talking point.
Please go and check how many lawyers (without M&A background) have gone for MBA in good foreign universities and are currently doing Consulting work. There are many.
That's because of the good foreign university. Law has nothing to do with it. A person with a medical + MBA from a good university will probably have a similar trajectory
First, the demand for specialized skills (that an MBA) does not provide, is rising. Understandably so.
Second, MBA program fees are now exorbitant. This creates a spiral for higher salary expectations. Such jobs are far and few between. Lower-paying (good) jobs just don't provide the ROI.
Third, there's a demand for deep specialization. When combined with a management degree, is what will provide the edge in the time to come.
Learnings for Law Schools:
The BBA-LLB (Hons.) program will see greater traction because the management curriculum covered as part of traditional MBA programs can be easily covered in the BBA segment. Combined with the LLB segment, the combination will provide the edge. Law is where the deep specialization will come from.
Law school fees range from high (NLS at ~25 lacs currently) to exorbitant (BITS Law and LLULER at ~70 lacs). These will have to focus on creating deep specialization through their PG programs. Currently, in these schools, UG degrees are their flagship programs - which cannot and should not be. State NLUs are at a big disadvantage as respective state funding is minuscule and erratic. Therefore, state NLUs depend on UG student fees to bring financial sustainability.
Educational loans are ALWAYS a bad thing. We have a situation of high fees in state NLUs --> high loans --> focus on RoI --> skewed career choices --> defocus on higher studies --> lack of good faculty --> drop in quality of law education.