Career prospects in Economic Law

As the economy develops, there are diverse business and commercial activities. Therefore, legal corridors and other related business policies should be concerned and researched to ensure legitimacy in business operations.

Every business owner needs to understand the laws to spot potential legal issues as they come up, make better decisions, and run a legitimate business smoothly. Therefore, a career in Economic Law might be the promising career path. But have you known about Economic Law? Is it easy to get a job? What is the salary range? In the following article, let’s discover this “hot” field of study.

What are the career options with a degree in Economic Law? What is the future of Economic Law?

1. What is the future of Economic Law?

Economic Law is a combination of law and general knowledge related to economics and commerce. Economic Law is developed based on a system of legal norms promulgated and recognized by the State to resolve disputes in domestic and cross-border business and trade entities. In addition, the Economic Law also contributes to the development and management of businesses which helps to ensure the operation and production of businesses and economic organization and the management of business activities at the state level.

In the context of trade globalization, economic integration is an inevitable trend for all countries, including Vietnam. Vietnam has become a member of all major international organizations such as ASEAN, APEC, WTO, ASEM, CPTPP… Therefore, Vietnam’s economic growth is not only promoted by domestic companies and enterprises but also from the investment of foreign companies. Accordingly, Economic Law has become an essential and indispensable part of the context of modern society.

In 2016, Vietnam signed the Trans-Pacific Partnership agreement (TPP), which promotes the country’s economic development.

With a bachelor degree in Economic Law, you will open up a wide range of career opportunities. With the increasing demand for the labor force, the Economic Law industry is thirsty for qualified human resources. Therefore, Economic Law’s graduates can rest assured their job opportunities because many companies are rolling out the red carpet to welcome talents in Economic Law.

2. What are the career options for students of Economic law? Is it easy to get a job with a degree in Economic Law?

The international economic integration of Vietnam, along with the development and influence of technology 4.0 in all aspects of life, has raised an inevitable requirement for teams of strong and professional lawyers with extensive experience in the economic field in every business. Besides, the Economic Law field of study is very suitable for the trend of economic and social development; therefore, students can easily find their favorite jobs with high salaries.

Specifically, after graduation, Economic Law students can take on typical job positions such as:

2.1. Lawyer (specialized in Economic Law)

Lawyers specializing in Economic Law perform two main tasks: defending and providing legal advice to companies, businesses, financial organizations, or e-commerce trading platforms Shopee, Lazada, and Tiki. However, graduates must also study for about 2-3 more years to get a legal practicing certificate to become a lawyer.

Graduates have to study for about 2-3 more years to get a legal practicing certificate to become a lawyer.

2.2. Legal Executive

Every company and business must be especially mindful of laws and regulations when dealing with government customers or officials, whether domestic or international. Therefore, they need a person with extensive legal knowledge. This job position is the favorite choice of many people because of its variety of job vacancies, diverse working environments, and competitive salary.

2.3. Legal advisor

The main job of a legal consultant is similar to that of a Legal Executive, but their workplace is at law offices, notary offices, mediation centers, or bailiffs’ offices… to support corporate and individual customers.

2.4 Law enforcement officers, lawmakers, and judicial specialists

This position works at the court, the procuracy, or in state agencies, ministries, and state departments.

Economic Law students can develop to higher positions, working in the court and the national prosecutor’s office…

2.5. Lecturers and researchers in economic law

Working in research institutes or teaching at colleges, universities, and research institutes in Economic Law are also career options. However, having a Master’s degree or higher education is mandatory for this career opportunity.

3. What is the salary range in economic law?

There are so many career choices available with attractive salaries and benefits in the Economic Law industry.

The average starting salary of fresh graduates of Economic Law will range from 7-10 million VND per month. For higher positions, the average wage can reach 30-40 million VND per month, not to mention a percentage of revenue.

The income is much higher for those who own a law firm and have a lot of experience in providing private services for companies and organizations.

4. Which school to study Economic Law?

The future demand for human resources in the Economic Law industry is huge. Choosing a qualified Economic Law training program will bring your career path success.

In the Revolution 4.0, more and more technology companies, online payment, and applications appeared in the market. Hoa Sen University is the first university in Vietnam to pioneer in training a Economic Law program with a specialized training program in Digital Business Law. The training program is compiled based on reference to the training programs of major universities worldwide and designed according to the actual learners’ needs and recruitment needs.

During their studies at the school, students will be equipped with fundamental theoretical and practical knowledge of the law and digital business law to solve In addition, students can also cultivate basic knowledge of humans and society to improve their careers and self-development.

The application-oriented training model and real-world learning of Hoa Sen University will offer many practical experiences for students at companies, ports, and courts and attractive internship opportunities at large law firms and notary offices such as LPVN Law Firm, Law Firm Audier & Partners Vietnam, MLR Company (Myanmar) – LMP Law Firm…

We hope the above article provides helpful information about studying economic law, whether it is easy to get a job, and which school to attend. We wish you the best in making the right choice for future development!