Online LLM Information
Definition of an Online LLM Degree:
A LLM degree is an abbreviation of the Latin Legum Magister, which means Master of Laws degree. It's an internationally recognized postgraduate law degree usually obtained by completing one-year of full-time study, or two years of part-time study. There are many online options for a LLM degree. Often those who pursue LLM degree do so to gain expertise in a specialized field of law, for example in the area of tax law or international law.
Usually lawyers are not required to hold a LLM degree. In addition, an LLM degree doesn't qualify someone to practice law. Therefore students must first obtain a professional degree in law, such as the Juris Doctor (JD) degree, before the LLM program. A JD degree will only offer basic skills and knowledge to become a lawyer. On the other hand a LLM degree can provide you with many benefits in your law career and can offer you specializations in a particular area of law. A lawyer with an LLM degree has acquired advanced and specialized legal training, which means they're more marketable to law firms. Typically a LLM graduate is also qualified to work in a multinational legal environment. LLM graduates who seek to relocate and practice in another country, or expand their area of practice to multinational issues, will succeed with this degree.
Graduation requirements vary depending on the program. Typically a LLM degree is 24 or more credits. It requires at least eight core courses to graduate. Additionally, elective courses are often required from other concentrations. Sometimes programs are research-oriented and require you to write a thesis, while others only offer classes and coursework.
Different Types of Online LLM Degrees
Worldwide there are an extensive range of LLM programs. That is why online learning for LLM degrees is becoming so popular. One example is the LLM in taxation degree offered by Boston University. Rather than traveling to another location in the world to get this advanced degree you can get an International degree in the comfort of your home. Additionally, because there are so many different programs, including online programs, you can find a program that will focus on almost any area of the law that you're interested in.
Many LLM schools, both online and not, allow you to freely design your own program of study from the school's upper-level courses and seminars. There are also pre-created specializations at a variety of schools. One of the most popular U.S. LLM degrees is in tax law, sometimes known as an MLT (Master of Laws in Taxation). Other developing areas of study in the U.S. and Europe include, but are not limited to:
- Bankruptcy Law
- International Tax Law
- Banking Law
- Financial Services Law
- Insurance Law
- Compliance and Risk Management
- Fraud and Security Risk Management
- Commercial Law
- Environmental Law
- Corporate Law
- International Law
- Constitutional Law
- Maritime Law
- Human Rights Law
- Trial Advocacy
- Intellectual Property Law
- Financial Services Law
- Wealth Management
- Capital Markets
There are also schools that offer innovative degrees in concentrated courses such as Prosecutorial Sciences or Space and Telecommunications Law. Other programs focus on teaching foreign lawyers the basic legal principles of the host country (also known as a "comparative law" degree). Occasionally there are even programs conducted in more than one language, which would give you the opportunity to undertake classes in different languages.
Financial Assistance Options for Online LLM Degrees
Payment for an LLM program is always a consideration.
Fortunately many online programs offer financial assistance to those who qualify. This assistance comes in the form of merit-based scholarships and grants to top LLM applicants. The first step in looking for financial resources would be to contact the school�s financial aid office. These offices will not only tell you what scholarships and grants are available from the school itself, but they�ll also aid you in the search for other sources of financing.
There are also many outside sources of funding in the form of scholarships and grants. The government is probably the first step in searching for financial support. There are many merit-based scholarships for applicants with exceptional academic and professional records through government programs. These applicants typically show the most potential for future success, which is why the government and other organizations want to offer scholarships. Some of these scholarships are offered by the scholarship directory for scholarship opportunities.
Loans are also available to students who can't pay for their education. Loans differ form scholarships and grants in that you must pay them back. Banks, private institutions, and online lenders offer student loans.
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