MBA in HR

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MBA in HR

Human Resource Management is a significant part of every business and is responsible for developing, implementing, and regulating policies for employees along with strengthening the relationship of an organization with its personnel. It involves selecting, recruiting, training, hiring, vetting, promoting, and compensating employees and independent contractors. The Human Resources Department of a company also designs strategies, techniques, and policies to assist employees as well as the organization to achieve their best possible potential. Pursuing a postgraduate degree in Human Resource Management can help you delve deeper into this vastly emerging field. If you are planning to opt MBA in HR, here is a blog that will help you understand the key essentials of this program, the top international colleges offering this course along with the eligibility requirements you need to fulfill.

MBA in HR Highlights

Full-Form Master of Business Administration in Human Resource
Course Level PostGraduate
Duration 2 years
Examination Type Semester
Eligibility Minimum 50% – 60% in Bachelors
Fees INR 3 Lakhs – 8 Lakhs per annum
Average Salary INR 4Lakhs – 10 Lakhs per annum

What is MBA in HR (Human Resources)?

Every organization needs skilled recruiters for hiring the right candidates for different profiles. If you have excellent communication skills and are good at managing resources and people, then a career in Human Resource Management is an ideal one for you. An MBA in HR is a postgraduate degree program that involves a deep-embedded insight into the disciplines of Human Resource Development, Organisational Management, Strategic Management, among others. Further, you will also get to learn about the cultural, financial, and social factors that can affect the relationship between employees and employers.

Also Read: Why MBA in HR

Why Study MBA in HR?

  • Any other Master’s degree will not provide you with the same level of industry respect as an MBA.
  • Human Resource Management is a relatively steady sector because practically every significant company has to recruit HR Managers to manage their personnel.
  • An MBA in Human Resources can help you earn more money. People may expect a 50 percent income increase after completing an MBA in Human Resource Management.
  • Many people go into leadership roles after earning an MBA in HR. They are in charge of overseeing and managing the workforce to meet the company’s needs.
  • Because students can choose from a variety of courses after completing an MBA in HR, there are several opportunities. Courses such as the Certified Talent Management Practitioner Program, SAP HR Certification, and others are available.

MBA in HR Course Structure

There are certain subjects or core areas that are fundamental to understanding a versatile field like Human Resource Management. While studying an MBA in HR, you will get to know a wide range of skills and disciplines that are imperative for comprehending efficient management of Human Resources in an organization. Here is a list of these key subjects that are covered in an MBA in Human Resource Management.

  • Leadership and HR Management: This subject entails the strategic nature of Human Resource Management and how an organization carries out staffing decisions, personnel management, and administration.
  • Recruiting and Compensation: This discipline comprises the process of evaluating applicants, hiring the right candidates, and formulating competitive allowance and benefits packages.
  • Labor Relations and Training: Students get to learn about how to maintain union relationships and negotiation, labor law, and manpower expansion issues in this subject.

An Ultimate Guide to Fast-Track Your Career with One Year MBA Program

Types of MBA in HR

MBA in Human Resources programs is available in a variety of formats. Each delivery method for an MBA in HR is geared to a certain set of students.

Types of MBA Average Fees (INR)
Executive MBA in HR 15,00,000 – 27,00,000
Distance MBA in HR 40,000 – 70,000
Online MBA in HR 40,000 – 50,000
Full Time MBA in HR 3,00,000 – 10,00,000
1 Year MBA in HR INR 7,00,000 – 24,00,000

Duration of MBA in HR

MBA in HR is generally a 2-year program and for distance learning courses, the minimum duration for this program is 2-2.5 years, and the maximum duration to complete the program is 4 years. For an Executive MBA program in Human Resource Management, the duration of the course varies from 1 to 2 years.

Specializations Offered in MBA in HR

While pursuing a degree like MBA in HR, you can choose from a wide range of specializations to study. Here are some of the major specializations offered in this master’s degree program:

  • Labour Relations
  • Compensation and Benefits
  • Retention
  • Recruitment and Selection
  • Training and Development
  • Motivation
  • Labour Legislation
  • Labour Welfare and Social Security

Top International Colleges for MBA in HR

There are various universities and colleges across the world that offer master’s degree courses in Human Resource Management. Moreover, you can also choose from a wide range of options for an MBA program like online/distance learning courses, full-time or part-time MBA programs:

  • Stanford University
  • Northern Western University
  • University of Chicago
  • University of California Berkeley
  • Vanderbilt University
  • University of Southern California
  • Michigan State University
  • Purdue University

Must-Read – MBA CET (MAH CET) Syllabus in Detail

Top Colleges in India for MBA in HR

MBA in HR  is a specialization that ventures into the art of employee-organization relations. Before choosing a good MBA in HR college, a lot of factors should be taken into consideration such as course curriculum, acknowledgment of the degree, program fee, etc. Here is a list of the Top MBA HR Colleges in India that have been consistently delivering the best specialists in the business:

  • XLRI Xavier School of Management, Jamshedpur
  • MDI Gurgaon – Management Development Institute, Gurgaon
  • Indian Institute of Management, Ranchi
  • XISS – Xavier Institute of Social Service, Ranchi
  • NMIMS School of Business Management, Mumbai
  • TISS, Deonar, Mumbai
  • IISWBM – Indian Institute of Social Welfare and Business Management College Square, Kolkata
  • ISB&M – International School of Business and Media, Pune

MBA in HR Syllabus

Degrees in human resources are frequently separated into semesters or terms. Some institutes use a trimester system, while others use a bi-semester or term system. The first year of the MBA in HR program, like all other MBA programs, focuses on establishing essential abilities in business administration and includes core MBA in HR courses.

MBA in HR Subjects List 1st Year
Quantitative Techniques for Management Principles of Management and Organisational Behaviour
Marketing Management Research Methods for Management
Managerial Economics Corporate Communication
Human Resource Management Operations Management
Accounting and Finance for Managers
MBA in HR Subjects List 2nd Year
Personal Management Concepts Performance Management: Systems and strategies
Compensation Management Strategic Management
Methodology of Training and Development Business Environment and Ethics
Industrial Relations Management Organisational Development and Change
Human Resource Development and Planning

Eligibility for MBA in HR

Eligibility Requirements for an MBA in HR can vary from university to university. However, here is a list of the basic eligibility criteria that a candidate needs to fulfill to apply for this program:

  • A 3 or 4-year undergraduate degree or equivalent in any discipline from a recognized or accredited university or institution.
  • Some universities require a minimum work experience of 2 or 3 years in the related field.
  • 2 recommendation letters of academic or professional background.
  • TOEFL, IELTS, PTE, Cambridge English
  • GMAT/GRE

MBA in HR Application Process

MBA in Human Resources Admission is granted based on the results of several entrance tests such as the CAT, MAT, SNAP, CMAT, and others, as well as merit. Following the admission tests, the student must participate in a Group Discussion and Personal Interview Round to further screen the applicants.

  • Apply for an Entrance Exam: The student could look for MBA programs at HR institutions and see what admission tests are necessary. It is recommended that you take the CAT since the results are accepted all around the country.
  • Appear for the Entrance Exam: The student must study for the MBA admission test and take it. The Entrance Exams are multiple-choice questions.
  • Shortlisting Process: Students are shortlisted for MBA in HR colleges based on their admission test scores. To be considered for the next step of the admissions process, students must meet the cutoff list.
  • Final Admission Round: MBA in HR Colleges use Group Discussion (GD), Written Aptitude Examine (WAT), and Personal Interview to further test a candidate’s ability and talents (PI).

Future Scope of MBA in HR 

MBA in HR Freshers has its own set of challenges, just like any other job. With practice, things become better. Freshers with an MBA in HR are most likely to find work at a consultancy business, where their sole responsibility will be to take client needs, search job sites, discover applicants, and place them. Then you might have to compete for billing with each other. Apart from being tedious, the MBA in HR Salary for freshers is not very high. However, it is also true that with practice, things improve. With time, your chances of landing a professional HR position that includes many other facets of HR improve. Freshmen must be patient and wait for their chance to work at a large business and manage all parts of human resources.

MBA in HR Skills Required

Communication Skill Must have good communication skills as well as the ability to persuade people.
Planning Skill Ability to develop a program and carry it out as planned
Supervising Skill Should be able to manage and supervise junior personnel.
Decision Making Skill Ability to make a quick judgment and come up with a solution in a stressful circumstance
Leadership Skill Ability to mentor and lead others who work in his domain

Job Prospects in Human Resource Management

After completing your MBA in HR, you can explore plentiful career opportunities in different sectors and industries. Below mentioned are the key career prospects in the field of Human Resource Management:

  • Staffing Director
  • Employment or Placement Manager
  • Organizational Development and Change Consultant
  • Technical Recruiter
  • Director of HR Training and Development
  • Compensation Manager
  • Employee Relations Manager
  • HR Generalist

Best Companies for HR Professionals

Human resource management is the core of almost all corporate firms as it is undeviatingly in association with all the workers and guides their work and reckonings. To get selected by the prime companies, you should first achieve an MBA in Human Resources from the ablest HR institutions/B-schools. Here is the list of top companies recruiting MBA in HR:

Reliance BCG
Amazon Infosys
Wipro Deloitte
J P Morgan Makemytrip
L’Oreal Larsen & Toubro
Morgan Stanley Pepsico
Deutsche Bank Apple
Cognizant Aditya Birla Group
KPMG ICICI Bank

Salary after MBA in HR

The average pay earned by a Human Resource sector operator is about Rs 4.4-5.2 lakh per annum. Work expertise in this field is a major determining factor regarding how much an individual will earn. Based on experience, the division of payment(please note this data is as per payscale.com.) is made thus-

Role Experience  Average Total Compensation
HR Manager 0-1 Year Rs 3.67 L per annum
HR Manager 1-4 Years Rs 4.66 L per annum
HR Manager 5-9 Years Rs 7.29 L per annum
HR Manager 10-19 Years Rs 10.32 L per annum

As per the Princeton Review, based on the type of qualification, area, work experience, and domain of expertise, young grads in HR management can anticipate a starting pay of at least $50,000-$70,000. The average pay based on the HR roles, by PayScale, is shown in the table below:

Human Resource Role Average Salary 2021
HR Manager $67,787
Human Resource Generalist Salary  $54,642
Talent Acquisition Specialist  $56,590
Compensation Analyst $64,193
Director of HR $98,154
Senior Recruiter  $73,687
Training Coordinator $50,139
Recruiting Coordinator $48,935

Academic Options after MBA in HRM

After completion of the program, MBA graduates can opt for doctoral programs, to proceed with academics in business management and human resource administration. All significant Management Institutes grant doctoral programs and provide fellowships varying from 18,000 INR per month to 30,000 INR per month.

Must Read – IIFT MBA 2021: Eligibility, Pattern & More

FAQs

What is the salary of an MBA in HR?

As a fresher, an individual can make between Rs 3-5 lakh per annum. The salary depends on numerous factors such as work expertise, company location, academic background, etc. After attaining expertise, you can make between Rs 3 to 6 lakh per annum.

Is MBA in HR a good option?

An MBA with a specialization in HR is a successful discipline amongst companies, consultancies, and other business organizations. Taking HR as a profession after an MBA can be a pleasant venture. They trade with expertise acquisition and get the most reliable workforce for the organization with proficient and competent employees.

What jobs can I get with an MBA in HR?

After completing your MBA in HR, you can explore plentiful career opportunities in different sectors and industries. With an MBA in Human Resource Management, you will be qualified for roles such as HR Manager, Senior Human Resources Consultant, Manager, HR Operations, Vice President of Human Resources, etc.

Is HR a good career?

HR  is a job that consistently ranks high on lists of best professions. United States News & World Report lists the role of human resources specialist 17th on their record of Best Business Jobs as well as one of the 100 Best Jobs overall for 2020.

Is MBA HR easy?

MBA in HR  is one of the most opt specializations of management courses. It is a challenging and intriguing program of management. It depends on an individual’s interest, potential, and hard work that makes a person consider the job easy or difficult.

Thus, Human Resource Management is an integral part of every organization, whether it is public or private. If you are good at multitasking and managing people and resources efficiently, Human Resource Management is a lucrative and rewarding career for you to explore. Take the help of Leverage Edu‘s AI tool through which you can browse through the top universities offering an MBA in HR across the globe and find the right one that suits your career aspirations.

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