A Postgraduate degree in the Masters of Business Administration is devised to hone the skills required for a profession, in the business or the management world. The worth of a fine MBA is not restricted to the business world, in fact, it holds high regard in both the private as well as the public-sector industries.
Most management programs have a pivot curriculum in subjects like economics, marketing, accounting, operations, along with other elective courses that assist the students to go after their personal or career-related interests. In recent times, several quality Business Schools have emerged in the sub-continent to impart management education to the budding leaders.
Amongst the various kinds of MBAs rolling across the institutes, one prominent 2-years program that persists is, MBA in Human Resource Management (MBA-HRM).
Identify with MBA in Human Resource Management (MBA-HRM)
The words human, resource, and management, respectively, refer to the workforce of an organization, availability, and their proper utilization. Henceforth, Human Resource Management defines as a process of appointing and ripening the employees as per the requirements of the organization. Human Resource Management also includes maintaining the regulation of the workforce, assessing their performances, providing them with perks and compensations, maintaining a healthy relationship with the workforce, by taking care of their health, felicity and safety.
MBA in HRM was commenced as an established discipline and profession in 1913, England, for labour management. And today, it is a much-singled out specialization in management courses.
- It is one of the most taxing and intensively challenging courses in management studies.
- It is meant for those wanting to establish a career in imperative human resources.
- The course enables the students to share and resonate their experiences in a multi-cultured team of learning.
- It teaches the students the core business skills like leadership, communication, decision making and teamwork.
- Besides these, the course also prepares the students about the social, cultural and economic facets that affect an employee’s relation with the organization.
- Hence, people possessing attributes like sterling communication skills, a fine supervision quality, along with having a noteworthy planning facet to themselves, should definitely consider an MBA in HRM.
Subjects under MBA in Human Resource
MBA in HRM is designed to deliver a holistic understanding of the exercising of Human Resource Management. Besides eminent skills like human resource planning, talent retention and manpower resourcing, the subjects in the course include:
- Principles of Management and Organizational Behavior
- Managerial Economics
- Accounting and Finance for Managers
- Marketing Management
- Human Resource Management
- Personnel Management Concepts
- Methodology of Training and Development
- Human Resource Development and Planning
- Compensation Management
- Industrial Relations Management
- Corporate Communication
- Strategic Management
- Organizational Development and Change
Which institute is best for MBA in HR?
Here are some of the best colleges for MBA in Human Resource Management:
- Cross-Cultural Management
- Human Resource Management
- Inclusive Business Models
- Innovation and Change in Teams, Organizations and Ecosystems
- Leadership and Change Management
- Leadership Exploration and Development
- Leadership in the Digital Era
- Learning to Lead: Challenges and Competencies
- Leadership Exploration & Development
- Managing Career Success and Transition
- Personal Values, Goals and Career Options
- Power & Politics in Organisations: Strengths, Strategies and Skills
- Embedding Leadership Excellence
Career Choices after MBA in Human Resource
Few of the job profiles that the students coming out with a degree in HRM are likely to get hands on are:
- Staffing Director
- Compensation Manager
- Employee Relations Manager
- Placement Manager
- Technical Recruiter
- Director of HR Training and Development
- Payroll Director
- HR Entrepreneur
- International Human Resources Professional
Is there scope for MBA in HR?
Human Resource Management is a subject which is a prerequisite in every organization of all industries. The scope for MBA in HRM will flourish as long as the organizations will employ human workforces, that is, the scope is never-ending. Without having a section of people who will screen potential candidates, recruit and train new employees, motivate the workforce and frame the company’s HR policy, an organization cannot function. Rest assured, the work experience, a superior academic background and prime management skills of a candidate will fetch him a decently favourable payroll.
Frequently Asked Questions
Q1. What is an MBA in HR all about?
Ans. MBA in HRM provides knowledge and training in managing the workforce. The main aim of the HR professional is to maintain the ethics of an organization and the welfare of the employees.
Q2. Is HR a good career choice?
Ans. Yes, MBA in HR is a good career option. There are many opportunities for career growth and HR is one of the most valuable contributors to the growth of an organization.
Q3. Which MBA is best for HR?
Ans. IIM, Lucknow, XLRI, Jamshedpur, NMIMS, Mumbai, SOIL Institute of Management, Gurgaon It is considered one of the best colleges providing MBA in HR.
Q4. Is MBA in HR difficult?
Ans. MBA in HR is one of the most opting specializations of management courses. It is a challenging and stimulating programme of management.
Q5. Is MBA in HR good for boys?
Ans. The management area or the corporate sector is never biased towards women. Hard effort and abilities are essential components of success in every sector, including HR. For boys and girls both, an MBA in human resources is a fantastic option.
Q6. Which MBA is most in demand?
Ans. 5 Most demand MBA Programs are: .
- MBA in Data Analytics
- MBA in Business Analytics
- MBA in Entrepreneurship
- MBA in Human Resource Management
- MBA in Finance
Which degree is best for HR?
Ans. For any level of human resources job, an HR degree or a business degree with an HR concentration is typically required. For most entry-level positions, an associate degree is required, while a bachelor's or master's degree in human resource management is preferable for higher-level employment.