Which has a better scope and why: Corporate Law or Banking Law?

manpreet Best Answer 2 years ago

India being a developing country, both Banking and Corporate laws have scope as we need better players in the market. Economics in both the laws remain common. One should decide on the basis of his/her interest if the question is of scope as both Corporate and banking law is the future of India.

manpreet 2 years ago

I would say corporate law because when you study banking law, you study only about banking law and when you study corporate law, you specialize in more than one subject such as company law, contracts, partnerships, tax laws and a lot more. Corporate law even includes banking laws also. Corporate law is a wider area in compare to banking law.

manpreet 2 years ago

The broad classification in law is corporate law and litigation. While the former involves more of sedentary work, drafting agreements and corporate advisory, the latter is more proactive. Banking law can, in some way, be considered a niche in part of corporate law itself. In terms of scope, a lot depends on the place of work and the kind of work. Corporate law, in general, has more monetary advantages as compared to litigation. However, in comparison to banking law, while one is general, banking law is more specific. For a fresher, it is advisable to start with general corporate law in order to make an informed choice about the aptitude one has in the various fields that form a part of corporate law. Apart from banking law, there are various other fields in corporate law that one can specialise in. It is recommended that one explores these options, either in terms of work, or prior to it, during internships, in order to decide which is more favourable to them.