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MBA in Human Resource: Career Options & Prospects

Aug 31, 2018 18:09 IST
    MBA in Human Resource: Career Options & Prospects
    MBA in Human Resource: Career Options & Prospects

    Most of the graduates opt for masters in business administration based on the lucrative packages associated with the degree. It is the idea of getting trained well and developing a pleasing and comprehensive personality that makes the MBA degree the most preferred one. MBA in HR or Human Resources is meant for those who want to be future strategist and recruiters. The people who are outgoing and have a charming personality along with the ability to talk to others and judge their respective personalities are the ones who should go for this particular specialization.

     

    Why MBA in Human Resource?

    MBA in Human Resources adheres to diversity, acquisitions, mergers, labor market, economic changes and developments, and international leadership. It is also about the internationalization processes and the ability to adapt to the shift in the HRM agenda. MBA in HR is a preferred choice when it comes to those who want to be an active member of the organization and play one of the most crucial roles in the firm. If you have a genuine interest in developing a bond with others love and taking initiative in the process of hiring, training and development, management of the workforce, formulating policies and procedures, assessment of the performance of the employees, mentoring them and acknowledging the good work while maintaining harmonious relationships with the employees then this is the domain you should opt for. MBA in HR is not just about recruitments but also about the ability to maintain an effective and productive work culture.

    Scope of MBA in Human Resource

    An MBA degree with specialization in Human Resources can make you travel and meet number of people from several different backgrounds. Therefore, this course can help you widen your horizons while exploring the tastes that you have liking for. There are almost equal numbers of opportunities in both private as well as public sector and the students can be assured about good pay packages with all the possibilities of growth and development of interpersonal skills. MBA in HR not only focuses on the studies based on talent acquisition but also helps the students develop an understanding and knowledge base in the context of accounting, business analysis, economics, finance management, organizational development as well as marketing. This provides the students a better understanding of all the different dimensions and helps him/her score over others through the knowledge about psychology of professionals from different fields. There are several specializations, which can be focused upon while pursuing MBA in HR and they are labor legislations, labor relations, labor welfare and social security, compensation and benefits, industrial relations, etc.

    Career Options after MBA in Human Resource

    Being a diversified field, an MBA in HR provides students with a number of options and varying tasks when it comes to making a selection of their career. There are a number of high paying jobs that a student can opt for depending on their capabilities and the interests that they develop. The available options include becoming a human resource manager who is responsible for recruitment and training and development. A human resource manger is also expected to look after compensation and benefits being provided to each and every employee. Affirmative action officer and payroll director are two other designations that are popular and offer a good package. The specialized fields that are covered under this course include retention, motivation, recruitment as well as selection. The HR department is one of the major departments of every organization as the employees hired by the HR recruiter fuel the entire process.

    Pay Packages offered for MBA in Human Resource

    The human resource generalists and managers are paid as per their performance and the policies of the companies. A big advantage here is that most of the times it is the human resources managers who frame the policies and so the salaries can go a bit higher than the normal classified ones.  There are a number of factors that verify the package offered to the people and these factors revolve around the location, organization and the job designation. It is also about the reputation of the university or institute you have done your MBA from.

    Career Option

    Human Resource Generalist

    Assistant Human Resource Manager

    Human Resource Manager

    Educational Background

    Bachelors and MBA Marketing

    Bachelors and MBA Marketing

    Bachelors and MBA Marketing

    Percentage of Job Opportunities

    33%

    21%

    9%

    Average Salary/annum

    Rs. 2,75,959-5,65,600

    Rs. 3,19,751-10,22,017

    Rs. 5,45,626-15,97,924

    Source: www.payscale.com

    There are many candidates who go for an MBA afrer few years of doing jobs and so the salary varies on the basis of the experience of the individuals. These applicants generally have a higher designation in the company and are also good at negotiating. However, knowledge and hard work are sure to pay off well.. Since this job requires excellent communication skills, therefore, your ability to communicate well during the interview also adds to your benefit. Depending on the requirements of an organization you can get to be a specialist in compensation and benefits, labor relations specialist or a staffing manager and your pay package is also variable accordingly.

    Top Colleges

    Being a very popular and comparatively high paying job, there are several institutes that work to offer and promote this course. Some of the best Indian universities and colleges providing this specialization include:

    • Xavier Labor Research Institute
    • Tata Institute of Social Sciences
    • Symbiosis Institute of Business Management
    • Symbiosis Center for Management and Human Resource Development
    • Management Development Institute
    • Institute of Management Technology
    • Delhi School of Economics
    • University Business School
    • Xavier Institute of Social Sciences

    The international universities that can be considered to be at the top in HR courses include:

    • University of Bridgeport
    • Cornell University’s Johnson Graduate School of Management
    • Kellogg School of Management
    • University of Virginia's Darden School of Business
    • MIT Sloan School of Management
    • University of California's Haas School of Business

    Top Recruiters

    MBA HR students have a lot of scope of getting into a brand name as they are the ones to shape the company’s future by bringing in employees in future through their judgment.

    • McKinsey & Company
    • KPMG
    • Monitor Group
    • Bain Capability Centre
    • Ernst & Young
    • People Strong HR Services
    • Accenture
    • Tata
    • Reliance

    The international companies that recruit the candidates from HR background include:

    • Kelly Services, Michigan
    • Macy’s, Ohio
    • Aon, London
    • IBM, New York
    • Cielo, Wisconsin
    • Ajilon Professional Staffing, California
    • Randstad, Georgia
    • Accountemps, California
    • Xerox, Connecticut
    • Ceridian, Minnesota

    Pick the right college for your MBA

    MBA Colleges in India

    MBA Colleges in Indore

    MBA Colleges in Gwalior

    DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.

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