REASONS LAWYERS NEED A MASTERS IN BUSINESS ADMINISTRATION (MBA)

Taking decisions that significantly affect your career is hardly ever comfortable, more so, when the decision is very unconventional. Through the course of our careers, we encounter points along the journey where we are faced with these significant decisions. It is wild to think that someone would spend four or five years studying law and even think about getting another degree, or is it? Lawyers go back for the LL.M. and other graduate degrees and certificates all of the time. Knowledge and skills quickly grow stagnant in today’s dynamic environment and lawyers should be prepared to learn new skills and start stacking their credentials to stay competitive and relevant. 

A Master of Business Administration (MBA) covers the scientific approach to business management and decisions. It is a holistic approach to business administration covering areas that include statistics, accounting, strategy, management, finance, leadership, and entrepreneurship. It is a globally respected professional degree that is offered in business schools worldwide. Despite traditionally being a path for finance professionals, other professionals, including lawyers, are increasingly enrolling for the MBA.

Clients are in need of lawyers who understand their business. The MBA for Lawyers programme is the only academic qualification that prepares lawyers to confront complex problems in the corporate environment and financial markets. So, whether you work in a law firm or as a public lawyer, clients need you to be able to speak their business language, appreciate their commercial ideas, and deliver efficient, super results. Sadly, however, the Nigerian legal educational system does not presently teach the core skills needed to thrive as a lawyer in the business sector.  It is not uncommon to hear tales by corporate executives that lawyers unnecessarily complicate business decisions. It is pertinent that a lawyer acquire business administration skills to run Law Firms based on global business best practices.

Furthermre, an MBA could help to increase the career prospects of a corporate lawyer. In some companies, having an MBA is necessary for occupying certain executive positions in a company. The absence of business skills had made most in-house lawyers to settle for Head of Legal or Company Secretary role as their zenith in a company.

 An MBA may also come in handy for a lawyer considering a mid-career change or taking a horizontal career path either within an organization or industry while cashing on your existing skills. The MBA could be a great platform for networking opportunities. You may be in a class with top CEOs, start-up founders, experienced professionals from distinct  backgrounds, and different countries. This enables you to experience various perspectives and cultures. 

Lastly, doing an MBA is transformational on personal development. You are exposed to a new world of experience – a challenging yet exciting experience. Your knowledge is broadened and your professional horizon is expanded. You get to learn personal investment lessons and are exposed to different business scenarios. 

As a lawyer, an MBA will certainly take you out of your comfort zone, and groom you to be a better manager. In the long run, the experience is intellectually rewarding and satisfying.

However, a foreign recognized and accredited MBA can be very expensive.  This was the reason, Yebo Academy, Nigeria, approached and successfully convinced the European International University, Paris, a top-ranked Business School to make its business programmes including MBA affordable for Nigerians. 

The total MBA programme fee was then reduced to $600. Students are allowed to pay module by module (ie. per course) which is $66.66 (N31,000) per time. 

The duration is 12-18 months

The benefits of enrolling in this MBA programme are enormous. They are: 

  • Super affordable. 
  • 100% online and self-paced. You don’t need to stop legal practice or resign from your job. 
  • MBA certification from World’s top Business School, i.e., the European International University (EIU-Paris). 
  • Become an associate member of the American-based International Alliance of Business Professionals (IABP) for networking and professional development purposes. 
  • Qualify for the award of an additional American Dual Degree (MBA) from California Metropolitan University, USA.

If you are interested, visit: https://pedagog.ac/mba

Or chat with OG via WhatsApp: 09015757604



Stephen Azubuike
Author: Stephen Azubuike
Stephen is a lawyer with expertise in Commercial Dispute Resolution and Technology Law practice. He is a Partner at Infusion Lawyers. He has successfully argued cases from the High Courts of various jurisdictions to the Appellate Courts on behalf of financial institutions, other corporate bodies and multinationals. He has worked with a number of startup tech companies. He tweets @siazubuike.

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