We present temperature dependences of the upper critical magnetic field H c2 and the Ginzburg-Landau parameter κ for a ternary boride superconductor Li 2 Pd 3 B obtained from magnetization measurements. A specially developed scaling approach was used for the data analysis. The resulting H c2 (T ) curve turns out to be surprisingly close to predictions of the BCS theory. The magnetic field penetration depth λ, evaluated in this work, is in excellent agreement with recent muon-spin-rotation experiments. We consider this agreement as an important proof of the validity of our approach. Magnetization (M) measurements in the mixed state of type-II superconductors are traditionally used for evaluation of the upper critical field H c2 . If magnetic fields H higher than H c2 are available, the upper critical field is usually detirmined as a value of H, at which diamagnetic moment of the sample vanishes. In real experimental situations, however, sample non-unformities and pining effects distort magnetization curves, making the choice of H c2 ambiguous. In this work, we propose and use a scaling approach to the analysis of magnetization data. As will be shown, this approach allows to obtain reliable H c2 (T ) results even for samples of moderate quality with considerable pinning