MBA is one of the best options for graduates and professionals. It prepares students for managerial roles. Hone and shape skills that help deal with work pressure, develop an attitude toward problem-solving and find innovative ways of doing a job. There are different domains in which one can pursue MBA. The popular specialisations are.
MBA in finance covers topics like taxation, finance, market strategy, derivatives, and international finance. One can work as an accounts manager, finance manager, financial analyst etc.
MBA in marketing focuses on the international market, brand development, marketing strategies, etc. The popular job profiles under this branch are marketing manager, market research analyst, promotional manager, etc.
MBA in human resources, as the name suggests, deals with the human element of the organisation. It includes recruiting, staffing, and management of the workforce. The popular job profiles are HR managers, Compensation managers, consultants etc. we will look into a detailed list further in the article.
Scope in the HR domain
MBA in Human resources is about managing companies’ workforce effectively and efficiently. The HR professionals work as the bridge between employees and the company. They are responsible for hiring the best candidates for their company, negotiating salaries, providing training and taking care of employees’ welfare. HR professional requirement is in every industry, whether it is an IT-intensive industry or an FMCG. Every company requires HR professionals to manage their workforce.
As per the US Bureau of Labour Statistics report, there would be a 10% growth by 2030 in the jobs for Human resources professionals.
Importance of HRM (Human Resource Management) in business
HR is the bloodline of the organisation. Every organisation has unique rules, regulations, policies and procedures for its employees, and the HR professional undertakes the proper implementation of them. Following are the roles and responsibilities an HR professional undertakes in an organisation.
- Recruiting: HR professionals understand the organisation and its required kind of workforce. They design advertisements accordingly.
- Hiring suitable candidates: They carry on the selection process, conduct different rounds and select the best candidate for the organisation and per its need.
- Providing training: One of the critical roles of the HR department is to provide continuous training and conduct seminars for the employee’s education and development.
- Payroll management: It is an important work which an HR professional has to carry out on a regular basis. They are responsible for the calculations of salary to be paid, bonus and expenses reimbursement.
- Maintaining employee’s database: They must maintain an employee database with all their necessary information.
- Designing and updating policies: They design employee welfare and development policies. From time to time, they keep on updating these policies as per the requirement of the organisation and the workforce.
- Keep a check on employee satisfaction: a company with low employee turnover is considered one of the best in the industry. The HR professionals play a vital role. They continuously seek employee feedback and try to retain the right employees.
- Supporting managers: The HR department continuously supports managers of different departments to handle their staff and provide necessary information and training.
Who should pursue an MBA in HR?
An MBA in HR will provide in-depth knowledge regarding human resource management. If you enjoy interacting with people and want to learn about human behaviour, this is the best option for you. The person with the following skills and qualities best fits the HR professional role.
- Excellent communication skills are a must, and they have to communicate with employees and different stakeholders on a regular basis. They can easily bridge the gap between the organisation and its employees with efficient communication.
- The majority of their time will be spent dealing with humans. And humans are the most unpredictable elements. They should be someone who enjoys understanding human psychology.
- The capability to deal with emotional and difficult situations. If you are someone that avoids such scenarios, this will not be the best career choice. A person with high emotional intelligence and confidence to deal with critical situations will be benefited by pursuing an MBA in HR.
Why should you pursue an MBA in HR?
The scope of an MBA in HR is enormous, and its curriculum is designed to impart in-depth knowledge and training that will provide an edge in the industry. Let’s look into the reasons why one should pursue an MBA in HR.
- Extensive HR curriculum: The human resource curriculum is vast. It covers labour legislation and strategies that an HR professional will require to carry on duties. The comprehensive curriculum provides in-depth knowledge and practical training to help deal with real-life situations.
- Fine-tune managerial skills: The MBA HR programme helps to develop organisational skills needed for managing human resources. It develops skills to work under pressure, deal with problems, and provide innovative solutions.
- Learn leadership qualities: HR professionals are the leaders who understand the needs of the employees and create a friendly work environment that boosts productivity and efficiency. The MBA HR programme develops leadership and interpersonal skills that help professionals carry out their tasks effectively.
- Grasp on organisational psychology: HR professionals’ work scope is extensive. It includes understanding the organisation’s structure and its goals. They understand the psychology of the business and the aim behind the projects and brands and help streamline it with the workforce.
- Job stability: there will always be the need for an HR professional irrespective of the industry. Every industry deals with humans, and for its management, it needs HR professionals.
- Career development opportunities: MBA in HR will open a wide range of career options. One can work as an HR executive, HR manager etc. An MBA in HR will add bonus points to the resume. It will help in getting ahead of other applicants for the job opportunities.
- Higher salary: Compared to a non-MBA candidate, an applicant with an MBA in HR will be more likely to get paid higher. Moreover, the HR professionals with the right experience and skills are generally highly paid company employees. After getting sufficient work experience and applying for international HR opportunities, these positions are well paid in the industry.
HR jobs for MBA candidates
After an MBA in HR, many job avenues will open up for candidates. Following are the major job roles.
- Human Resource Manager: The primary role of this position is to lead and direct the working of the organisation’s Human Resource department.
- Human Resource Consultants: They are generally experts in the field and are from outside the organisations. They are hired to provide suggestions and expert advice to the organisation’s management.
- International Human Resource Professionals: They are also known as Global human resource professionals. They are professionals that help people find jobs in different countries and help them relocate abroad.
- Human Resource Generalist: This job profile takes care about day-to-day working of the human resource department. They deal with employees’ issues and try to solve them promptly. It is an entry-level job profile.
- Human Resource Specialist: They are primarily specialised in the hiring process. They understand the organisation’s requirements and find and hire the best-suited employees for the required positions.
- Director of HR Training and Development: They undertake the training of the new recruits and employees and conduct various seminars. They conduct these different pieces of training to keep updating the workforce and impart to them various necessary information about different HR policies.
- Staffing Director: They perform a vital role in the HR department. They are responsible for forming staffing policies, promotion policies, transfer rules, etc.
- Technical Recruiter: They are experts in technical skills. Their main goal is to carry on the technical interview round of the job applicants and select suitable candidates for the positions. They are crucial for the industries like banking and IT, where applicants are tested for specific skills.
- Employee Relations Manager: They work as the mediator between the organisation and the employees. They fill the gap and act as a bridge. They listen to the employees’ issues and complaints and resolve them in the best possible manner. They have the best interest of the organisation and employees.
- HR Manager Compliance: There are many laws and regulations enacted by the government that are required to comply with the companies’ laws. There are labour laws according to which the department shall design the policies. The compliance manager takes care of observing the implementation of such laws.
- HR Professor: One can join college and work as a professor. But for this, the candidate should have deep knowledge and understanding of all the subjects of HR. Hands-on experience will help in imparting knowledge to students.
MBA HR syllabus
The curriculum of MBA in HR is divided into two major groups, one is a group of core subjects, and the other is a group of elective subjects. The student must study all the core subjects and choose subjects from electives per their interest and future goals.
Following are the MBA HR core subjects:
- Industrial Relations and Labour Legislations
- Business Environment
- Human Resource Management
- Strategic Management
- Human Capital Management and HR Audit
- Human Resource Development and Planning
- Human Resource Information System
One can choose the subject of their interest from the following elective subjects:
- Advertising Management
- Training and Development
- International Human Resource Management
- Advanced Manpower Planning
- Organisational Change and Development
- Human Resource Management in Service Sector
- HR Issues in Mergers and Acquisitions
MBA HR salary
Let’s look into the average MBA HR salary in India.
|Human Resource Manager||Average salary withdrawn is around ₹7 lakhs per annum.|
|HR consultant||HR consultant earns around an average salary of ₹5 lakhs per annum in India.|
|Global Human Resource Professional||The national average salary is around ₹30 lakhs per annum.|
|Human Resource Generalist||The average salary drawn by the human resource generalist is around ₹4 lakhs per annum.|
|Human Resource Specialist||They earn an average salary of ₹5.6 lakhs per annum.|
|HR Manager Compliance||They make an average salary of ₹6.8 lakhs per annum.|
|Technical Recruiter||TheIr average salary is around ₹3 lakhs per annum.|
|Employee Relationship Manager||The average salary is ₹8 lakhs per annum.|
|Director Training||The average salary is ₹25 lakhs per annum.|
Sources: Payscale, Glassdoor
Gain HR skills with an online MBA from Online Manipal
You can enhance your resume and add required skills at your convenience by joining an online MBA from Manipal University.Jaipur. It is also the best option for working professionals who want to pursue their MBA while still working. . Once you enrol for the MBA programme from Online Manipal, you get access to live and recorded classes, and thus you will not miss any important lectures. Manipal University Jaipur has high-qualified and expert professors who provide quality education that will help upskill your career. The total fees of an MBA in HR degree by Manipal University Jaipur is just ₹1,50,000, which is only ₹37,500 per semester. The students have flexible payment and finance options.
Managing an organisation’s human resources is not that easy. It is one of the most challenging jobs because of the involvement of the human factor, which is in most cases unpredictable. An MBA in HR develops all desired skills that one will need to perform the work of human resource management. The requirement of HR professionals is in every industry. Where there is a human, companies will need HR professionals for effective management.
There are international opportunities for MBA in HR. One can get desired work experience and apply for global opportunities. It even provides work independently. A professional can work as a freelancer and cater his services to different clients. An MBA in HR will not only give you an advantage for your career, but it will help in your personal growth. It develops good communication skills, interpersonal skills, leadership qualities and proper management. All these qualities will be beneficial in other aspects of life.