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Is MBA in HR worth it?
Adya Trivedi
Updated on 17th September, 2024 , 4 min read
One of the most popular courses for business students to pursue is an MBA in HR, which enables them to gain significant influence in the contemporary corporate world. This in-depth detailed article that aims to highlight the various benefits of pursuing an MBA In HR degree and how you can make an impactful career in this domain.
What is MBA in HR?
MBA in HR Management is a 2-year specialized post-graduate program was created to give students the advanced knowledge and practical skills needed in business domains. In order to equip prospective students for leadership roles, the program integrates business acumen and fundamental skills.
Skills Gained -
Students gain knowledge of
- Leadership
- Team management
- Organizational behavior
- Employee engagement,
- Employee relations
- Communication skills
Students who enroll in this program have numerous opportunities to network with well-known individuals worldwide. Finding and hiring the right people for their companies who can bring important skills to make a positive impact on the organization is one of the main responsibilities of HR professionals.
Is MBA in HR Management a Good Career?
It is worthwhile to pursue an MBA in human resources because there is a growing need for qualified workers due to the rapid expansion of numerous companies across numerous industries. For those who are passionate about having a significant impact on businesses and want to pursue a career in human resource management, this course is undoubtedly a great option. As new industries flourish, more companies are looking for HR specialists who can not only find and hire staff members but also have the strategic thinking needed to meet overarching organizational objectives.
Prospective HR professionals who earn an MBA gain a thorough understanding of how to effectively address and resolve the complexities of today's workplaces. Additionally, this program prepares students to handle challenging business situations and make deft decisions.
Also read about other specializations here - MBA Specializations
What benefits come with having an MBA in human resources?
HR professionals can become more competent and have more career options in a range of HR-related fields, such as employee relations, compensation, training, recruiting, and strategy, with an MBA in HR. Most importantly, an MBA with an HR can help you pursue the senior manager track if that is one of your career goals. Here are a few advantages that the aspiring candidates can keep in mind -
1. Good Pay
Increased pay is one of the benefits of earning a master's degree. As per the Bureau of Labor Statistics, individuals who focus on human resources during their advanced degree programs are more capable of holding senior positions within an organization. Human resources managers with an MBA can anticipate earning between INR 10L and INR 50L annually.
2. More Employment Possibilities
With an MBA, you can pursue a lot of additional career options. In addition to an HR generalist position, you can hold positions as an HR manager, senior HR manager, VP of operations, or HR director. Due to the challenges and opportunities that come with each position, as you progress in your career, the types of jobs you can take on and the companies you can work with will vary.
3. Intense Leadership Positions
If you have an MBA in human resources, you'll have greater hands-on experience and comprehensive understanding of the field, including its trends, regulatory changes, and improvement strategies. This means you have more opportunities to make a difference in the world. If you have an MBA, you'll be able to influence key business decisions and hold more leadership positions than if you have a bachelor's degree, which might mean spending more time on everyday tasks.
4. Your Level of Insight Will Be Amazing
Getting an MBA in human resources has many advantages, but one of the best is for personal growth. This kind of education can emphasize understanding trends and the causes of human behavior more than other forms of education, even though the courses you take will be more challenging. You will study organizational psychology and workplace learning. You'll discover how to assist other aspirant generalists in human resources in developing their skills. You may want to prioritize staff development and skill development over hiring alone.
5. Recruiting Actively
The frequency with which the human resources department hires fresh talent is the best part about working in the field. HR professionals tend to hire more people and extend a more welcoming attitude to new hires.
6. Job Security
Having a Human Resource Management degree enhances your chances of possessing the skills required to support hiring and staff management needs for any kind of organization. This increases your chances of having a steady job in the future, irrespective of the status of the economy. It also makes you more valuable to the company.
7. Individual Growth
Every kind of education ought to promote growth on some level, including the picking up of new knowledge, abilities, and skills. Create tools that will help you progress your career goals. Ultimately, pursuing further education is always beneficial to both the company you work for and your personal development. Gaining an MBA makes you more valuable to your employer, and in some situations, it may even inspire you to start your own human resource consulting business. Because of the extensive knowledge and experience, you can make more money, exert more influence, and influence the development and organization of the human resources division.
If you enjoy working with people and helping them reach their long-term career goals, getting an MBA is a wise decision.
Related reading -
MBA HR Subjects and Syllabus
Topics essential to comprehending human resource management are covered in the MBA program in human resource management curriculum. The course material gives students the tools they need to handle the complexity of HRM. The MBA human resources courses are listed below:
- Business Communication Skills
- Statistical Approach to Business Problems
- People’s behavior in an Organizations
- Accounting for management
- Leadership and Ethics in HR
- HR Information systems
- Compensation and Benefits
- Employee relation
- Creating And Retaining Motivated Work Force
- Creating an Entrepreneurial Mindset
Read in detail about - MBA HR Syllabus, Subjects, Semester Wise, Year Wise, Core Subjects, Elective, Books
What can I study after MBA in HR?
There are several courses that one can study after MBA in HR. Moreover, the courses that one can pursue after MBA in HR are:-
- Certified Talent Management Practitioner Program
- SAP HR Certification
- SHRM Certified Professional
- SHRM Senior Certified Professional
- Society for Human Resource Management Certification
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Frequently Asked Questions
Is an MBA in HR a good career?
People get a good salary hike after completing an MBA in HR, with candidates reporting a hike of around 35%-65%.
Does MBA in HR have scope?
The scope of an MBA in HR is promising as the individuals can reach up to become the Director of HR as become responsible for overseeing the human resources department of a company.
What is the salary of HR MBA?
Salary for MBA in HR Graduates in India at an average is INR 2.85 lakhs to INR 20 lakhs.
Is MBA HR easy or tough?
It's neither easy nor difficult. Yes, the course and subjects of the MBA HR syllabus are deep and extensive demanding hard work and long working hours to learn and understand.
Which MBA has the highest salary?
The top 5 highest paying MBA Specializations in India are Finance, Business Analytics, Information Technology Management, International Business, & Event Management.