MBA in HR deals with information and knowledge about the management of an organization’s workforce. This program teaches students the importance and method to understand an organization’s vision, clients, working system and culture. This program also teaches how an HR professional can work towards ensuring the welfare of a company’s employees. An HR manager has a crucial role to play in any establishment.
In this blog, we will explore various facets of an MBA degree in HR – scope, fees, benefits, job placements, entrance exam, subject, project topics, syllabus, career, eligibility, salary prospects and more. An MBA degree in HR also holds high value in the job market. To know more about MBA in HR, please read further!
What does an MBA in HR course look like?
An MBA in HR helps in achieving specialization in this field. Most institutes provide theoretical and practical knowledge in the same. The teaching is imparted through projects and on-the-job training.
Below are some essential pointers for the course.
- This course is equivalent to a Masters degree.
- The duration is usually 2 years.
- Most institutions hold semester-wise exams for the course.
- A bachelor’s degree in any field makes one eligible for the course. Graduation final year students can also apply.
- B-schools conduct entrance exams, group discussions and personal interviews to select candidates for the programme.
- The top MBA entrance exams include CAT, XAT, MAT and CMAT.
- The average course fee ranges between Rs 15-20 lakh
- An MBA in HR can fetch Rs 2-10 lakh.
- Some of the prominent companies recruiting MBA in HR candidates include Reliance, Wipro, KPMG and Larsen & Toubro.
The basic eligibility criteria for securing admission in an MBA in HR programme is a Bachelor’s degree. The candidate can be a graduate in any discipline. Even those in the final year of graduation can apply.
Some of the other criteria are:
- 50% aggregate score or equivalent CGPA score from a recognized university. This may differ for some top B-schools.
- Students from SC/ST/PWD backgrounds can opt for 5% relaxation
- Certain institutions have set an age bar of 35 years as of August 1, 2021
- Candidates are selected on the basis of the scores in the entrance exam. Once shortlisted the institutions conduct Group Discussion Rounds and Person Interview to shortlist further.
Salary for MBA in HR Graduates in India
An MBA in HR guarantees job placements with high salary packages. The average base salary is about Rs 6.42 lakh per annum.
The salary is usually determined as per the years of experience. While an HR Manager will draw about Rs 8 lakh, a Senior HR Manager’s package can touch Rs 14 lakh. A Vice-President in HR will be drawing a salary of around Rs 34 lakh.
An MBA in HR degree can help you bag a number of executive positions. While MNCs hire multiple HR managers, an MBA degree can help an HR professional to rise in the ranks smoothly.
The HR positions at the managerial level are HR Manager in Talent acquisition, HR Manager inTraining, HR Manager in Compliance, and Professor of HR courses. The roles offered in executive positions include Senior Manager, Assistant Vice President, Vice President and Director. An MBA degree in HR brightens your prospects of being hired by the top companies. It also equips you with specialized skills to carry out the senior HR functions.
According to a popular job portal, at present in India, there are nearly 8,000 vacancies for professionals with an MBA in HR degree. They fall in the annual salary range of Rs 10 lakh to Rs 1 crore!
Top 5 Reasons to Choose MBA in HR
A managerial position, a well-paying job and a place of respect in the industry are what we all aspire for. Final year graduates scouting for opportunities in their respective fields often zero in on MBA programs to secure desired placements. MBA in HR is one of the lucrative options. Let us explore the reasons for this trend.
- Power of specializations: In-depth knowledge of a subject is bound to give one the edge while scouting for job opportunities. An MBA in HR can equip students with skills in team development, motivation, conflict resolution and defining job responsibilities.
- Management skills: MBA programs focus on building skills and adapting to changes in business environments. Some of these key skills are – leadership and people management skills, develop and sell services, build networks, keeping tabs on the company’s finances, understanding and interpreting industry data, hiring top talent and creating hierarchies.
- Building access to business networks: MBA programs are great opportunities to build connections with professionals, industry leaders and company heads. This is especially crucial in an industry like HR.
- High salaries: One of the major benefits of an MBA degree is securing well-paying positions. An MBA graduate earns almost twice that of an employee with a regular Master’s. This degree also guarantees job stability as HR professionals are an indispensable resource in all companies.
- Leadership skills: An HR professional needs to have strong people skills. The MBA course helps students to learn these techniques that come in handy while managing employees on the job.
Most companies and establishments consider employee management and employee satisfaction as the key to growth. With this perspective, they also look to hire skilled HR professionals.
While the private sector has a high demand for MBA HR professionals, the government sector is equally ahead in this aspect. Among the government sectors looking for HR executives are railways, IT, sports, aviation and healthcare.
So, if you have been planning on climbing the corporate ladder at the HR position, an MBA in HR will be the perfect choice! An MBA in Human Resource (HR) may not sound as glamorous as one in Consulting or Financial Services. However, Human Resource is the backbone of any organization, large or small, as it is involved in a multitude of tasks on the administration side. These range from hiring the right type of people consistent with the ethical values and aims of the company, drawing up employee contracts and dealing with every aspect of workers’ welfare.
Well-trained managers in Human Resources (HR) are in high demand across various sectors and domains, with high salaries on offer for the best personnel. At the junior executive level, an associate’s degree or a certificate may suffice, but to bag senior positions an MBA in Human Relations would be required. Always remember, in the end its MBAs rise up to senior-level executive roles such as Director and CEO-level positions!