Thinking of pursuing an MBA in Human Resource Management? If you are a recent graduate thinking about taking up an MBA, you already know that there are various specializations to it. A career in HR is challenging and stimulating. The scope of an MBA in HR is very demanding as Human Resource is the backbone of any industry enabling a company or organization in creating the most experienced and knowledgeable workforce. The need of HR in every field is increasing by the day, and an MBA in the same can get an individual the cutting edge to acquire jobs with high salaries in this field. The job opportunities in this HR are available in abundance, globally.
MBA in HRM allows the students to develop the general management skills in the first year and the learning about human resource practices in the second year. In the curriculum of the course, the students are taught about the strategic management, human resource development and legal aspect management. So, if you are second guessing this field, here is a list of reasons why you should opt for an MBA in HR:
- Getting an MBA is a worthwhile choice. A Master’s degree is a validated degree but an MBA in HR can get you the prestige over other degrees, as it commands respect from employers, colleagues and clients. With the job market being as competitive as it is today, every little bit can help.
- A Master’s in human resources is a very specific degree, which can be great if you want to stay in human resources for the rest of your career. However, if you have aspirations to try other things in the future, you may want to pursue MBA in HR instead. Most MBA coursework is broader, requiring students to take classes in different areas of business. This variety gives you extra versatility in your career, providing you with opportunities to explore other career paths after you graduate. The additional coursework may even help you discover business interests you did not know you had, encouraging new career possibilities.
- An MBA in HR enables you to have a broader skill set. This can help you meet the evolving demands of the modern workplace. These skill sets will not be examined as closely with a Master’s degree, which can be somewhat limiting on the job. After all, a human resources department has to interact with every other part of the company. Therefore, having a broader skill set can only help you in your daily duties.
- An MBA in HR has a higher pay scale than a Master’s in HR, or any degree for that matter. The job market is vast, as every company requires a human resource department. The starting salary depends on the MBA institute and the companies. If you are from a good Business School, you would get a salary range from Rs 5 lakh to 14 lakh.
- The MBA essentially will help you develop leadership skills, along the course. This small difference can give you the edge not just to get ahead in human resources but in the company at large.
- MBA programs focused on HR can provide exposure to the latest and greatest industry research, concepts and knowledge, not available to current practitioners. Gaining that experience is only going to help you in becoming a more effective HR leader. Naturally, that has to be balanced by the time required to attend a part-time programs, or by taking two years away from your career in order to enroll in a full-time program.
- Many students choose an MBA because they want to become entrepreneurs and learn how to run a successful business. They have an idea and a big dream and want to know how to turn them into reality. An MBA programme will help you acquire the knowledge and business practices that are needed to start a new businessor help an existing business grow and develop.
- Having an MBA in HR qualifies a graduate to acquire managerial positions at companies. More than 50%of the MBA graduates worldwide are senior managers or board directors. This type of position brings along a higher salary but of course also a higher responsibility and longer working hours. According to Bloomberg, some of the top employers that hire the largest number of MBA graduates in Europe include Deloitte, Ernst & Young, McKinsey, Boston Consulting Group. American companies like Apple, IBM, Procter and Gamble, and Amazon are also constantly hunting for MBA graduates.
- After the completion of the course there are various roles in Human Resources that one can work with. These positions include Talent Acquisition and Management, Employee Relations, Employee Engagement Learning, Compensation Benefits, Development Performance Management, Organizational Development HR, Generalist Role, Human Resource Consulting, and a few others.
- An MBA in HR, whether studied in India or abroad, will help you gain a newer perspective into the business world. This will help in broadening your cultural and intellectual horizon and your business career prospect as well.
Some colleges to study the MBA course in HR, in India are –
- Xavier’s College, Kolkata
- XLRI, Jamshedpur
- MDI, Delhi/NCR
- NMIMS, Mumbai
- BIMT, Gurgaon
If you wish to study abroad, the following colleges would be a good choice –
- EU Business School, Spain
- Sydney Business School, University of Wollongong
- Stanford University
- Michigan State University
- Northwestern University
- The author of this post, Eva R Sachdeva, is a blogger for IOS Ignite and writes extensively on Education Technology and news.