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 organisation 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 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, top international colleges offering this course along with the eligibility requirements you need to fulfil.
This Blog Includes:
- Course Structure
- Specialisations Offered in MBA in HR
- Top International Colleges for MBA in HR
- Top Colleges in India
- Basic Eligibility Requirements for MBA in HR
- Job Prospects in Human Resource Management
- Best Companies for HR Professionals
- Salary after MBA in HR
- Academic Options after MBA in HRM
Every organisation 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 which involves a deep-embedded insight into the disciplines of Human Resource Development, Organisational Management, Strategic Management, amongst 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
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 an efficient management of Human Resources in an organisation. 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 organisation carries out staffing decisions, personnel management and administration.
- Recruiting and Compensation: This discipline comprises the process of evaluating applicants, hiring the right candidates, formulating competitive allowance and benefits packages.
- Labor Relations and Training: Students get to learn about how to maintain union relationships and negotiation, labour law and manpower expansion issues in this subject.
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.
Specialisations Offered in MBA in HR
While pursuing a degree like MBA in HR, you can choose from a wide range of specialisations to study. Here are some of the major specialisations offered in this master’s degree program:
- Labour Relations
- Compensation and Benefits
- Recruitment and Selection
- Training and Development
- 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
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Top Colleges in India
MBA in HR is a specialization that ventures with 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, acknowledgement 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
Basic Eligibility Requirements 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 fulfil in order to apply for this program:
- A 3 or 4-year undergraduate degree or equivalent in any discipline from a recognised 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
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:
|J P Morgan||Makemytrip|
|L’Oreal||Larsen & Toubro|
|Cognizant||Aditya Birla Group|
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|
|Human Resource Generalist Salary||$54,642|
|Talent Acquisition Specialist||$56,590|
|Director of HR||$98,154|
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.
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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.
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 getting the most reliable workforce for the organization with proficient and competent employees.
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.
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.
MBA in HR is one of the most opting 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 as easy or difficult.
Thus, Human Resource Management is an integral part of every organisation, 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.