What is MBA in HR and the Use of an MBA in HR
Every company and organization relies on its employees to function properly. Nothing can be compared to the value that a responsible employee brings to a firm. The corporate environment has changed to the point that employees are no longer seen just as commodities to be exploited for their own financial gain. Instead, they are now seen as a valuable resource by the organization. This resource is referred to as a ‘Human Resource.’
The importance of hiring, training, and managing the right people for the job has been recognized by every successful company, organization, or corporation in today’s world. For this reason, getting an MBA in HR might help you launch a successful career in the field.
What Is HRM?
Human resource management (HRM) is a vast discipline that deals with the administrative responsibilities of a business, including hiring and recruiting, retention and engagement, strategy development, compensation and payroll, and mediating between management and the staff. Human resource managers play an essential role in the development of organizational culture, and they work directly with workers to assist them in navigating workplace disputes, improving communication abilities, advancing their careers, and feeling pleased in their jobs.
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What Is an MBA in HR?
An MBA in Human Resources, or HRM, is a two-year degree program that provides guidance and direction on how to recruit and manage the right people. MBA in Human Resources colleges accept students based on their performance on top MBA entrance examinations, such as the CAT and MAT.
An HR MBA focuses on the management of human resources within a firm. To comprehend an organization’s mission, clientele, operating system, and culture, students in this program are taught the significance and the way of doing so. In addition, HR professionals who complete this program learn how to promote the well-being of the company’s workforce. A company’s HR manager is a key member of the management team.
MBA in human resources combines management courses from a traditional MBA program with HR courses from an HR master’s program. Students who complete these programs will be prepared for high-level human resource management positions.
Benefits of MBA in HR
This degree will provide you with an advanced-level understanding of how corporations operate, how employees are hired, recruited, and trained as well as other aspects of human resources management. The following are the most significant advantages of obtaining an HR MBA:
1. Upfront Performances
A company’s workforce can only perform at its peak when it is well-versed in both internal and external trends. Human Resources (HR) professionals are experts in their field and strive to make sure that the employees in the company have the opportunity to progress. An MBA in Human resource management enables one to take an active part in the running of a company.
2. Improved Interpersonal Communication Skills and Organizational Knowledge
An MBA in Human Resources equips a person with the management abilities necessary to handle business pressure, organize the workplace, find new solutions, and create a human-centered employee experience. HRs are outgoing, open to learning from others, good at seeing potential in others, and able to work well with others while still focusing on the task at hand. This has a huge impact on their own personal development.
3. Increased Employment Opportunities
HR professionals that have an MBA in HR are sought after by employers who are searching for passionately developed employees. For companies with a strong management board, the human resources staff works closely with workers. Employee relations directors, vice presidents of operations, senior HR managers, and more may all benefit from a degree in human resources management.
4. Attain Standards of Effective Leadership
Human resource management is about handling people, which necessitates specialists to be competent leaders who motivate workers, win their trust, and resolve issues via efficient communication. The MBA program assists students in developing an understanding of effective management approaches as well as mastering these talents.
5. Job Security
Human Resource Management specialists are a vital asset to an organization, assuring future employment security even if the market is in decline, which makes it easy to see why an MBA in HR is necessary. Once you get your MBA in human resources, you will have a plethora of intriguing opportunities to select from.
6. Perspectives on Organizational Psychology
As an HR professional, you’ll get a deep understanding of the company and its culture. For this reason, HR is designated to find and hire new employees for the company. You should pursue an MBA in Human Resources if you are a self-driven, highly motivated person with a strong work ethic.
How to Get an MBA in HR
All the best MBA HRM universities need applicants to take an entrance exam to get into their programs. The admissions procedure may be summarized as follows:
- Check to see whether you’re eligible. Graduation requires a minimum of 50% grades.
- Apply for and sit for the institute’s MBA in Human Resources admission exam. For instance, IIMs accept the CAT, XLRI accepts the XAT, SCMHRD accepts the SNAP, and TISS accepts the TISSNET.
- Participate in the last stage of selection if selected for an interview.
- Pay for the HR MBA Program Fees
Job Prospects After Getting MBA in HR
Those with an MBA in human resources management may operate in a wide range of companies and situations, independent of the sector. There are significant expectations for growth and a good median salary in this area, as per the Bureau of Labor Statistics (BLS).
An MBA in Human Resource Management qualifies you for a variety of positions, including the following:
- Human Resources Manager
- Senior Human Resources Consultant
- Manager, HR Operations
- Vice President of Human Resources
- Director of Employee Experience & Communications
- Director of Global Engagement and Culture
- Employee Relations Manager
In addition, you’ll be well-suited for a variety of business-oriented positions outside of human resources.
Top Recruiters MBA in HR
Each year, over 100 employers visit top MBA schools to hire HR MBAs. Some of the major firms that recruit MBA in HR graduates are:
- Aditya Birla Group
- BPCL, Reliance
Salary Prospect of MBA in HR
An HR MBA ensures high-paying jobs. The average annual base pay is Rs 6.42 lakh. Salary is generally influenced by experience. An HR Manager’s salary ranges from Rs 8 lakh to Rs 14 lakh for a Senior HR Manager. A Vice-President in HR would get roughly Rs 34 lakh.
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Q1. What is the duration of MBA in HR course?
MBA in HR is a 2 year course
Q2. What is the average salary of an HR Manager?
The average salary of HR Manager in India is about INR 7 LPA. Whereas, in the USA, HR Managers get about $74,919 per year.
Q3. Which are the top companies that hire an MBA in HR?
MBA in HR can help you land at any top company, as all organizations need HR professionals to run operations smoothly. Some top organizations to work with are TCS, EY, Wipro, KPMG, Intel, Microsoft, and many more.
Q4. What are the major responsibilities of HR Specialists?
HR specialists monitor all the HR functions happening in the organization. They prepare the compensation and benefits packages, set up and revise company policies, maintain employee records and ensure a healthy work culture.
Q5. What is the eligibility criteria for MBA in HR?
You need to have a bachelor’s degree with 55% or above. Universities provide admissions based on the scores of MBA entrance exams like CAT, XAT, MAT, etc. To apply to foreign universities, you need to take the GMAT exam.
Q6. What are the employment opportunities after MBA in HR?
Based on your work experience, skill set, and interest, you can apply for these roles after completing your MBA in HR – Recruiter, HR Assistant, Employee Relations Manager, and HR Manager.