An MBA degree has turned out to be the stepping stone for building a successful career. Apart from guaranteeing high salaries, an MBA education also equips one with the knowledge to start enterprises while establishing a formidable place in the industry. One of the sectors in which an MBA degree carries high value is Human Resources.
MBA in HR deals with information and knowledge about the managing of an organizations 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.
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.
MBA HR Course Level – This course is equivalent to a Masters degree.
MBA HR Course Duration – The duration is usually 2 years.
MBA HR Course Examination Type – Most institutions hold semester-wise exams for the course.
MBA HR Course Eligibility – A bachelor’s degree in any field makes one eligible for the course. Graduation final year students can also apply.
MBA HR Course Admission Process – B-schools conduct entrance exams, group discussions and personal interviews to select candidates for the programme.
MBA HR Course Major Entrance Exams – The top MBA entrance exams include CAT, XAT, MAT and CMAT.
MBA HR Course Fee – The average course fee ranges between Rs 15-20 lakh
MBA HR Course Average Salary – An MBA in HR can fetch Rs 2-10 lakh.
Top Hiring Companies for MBA HR Course Graduates – 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.
Most colleges follow similar processes for admission.
The basic steps for admission are as follows:
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.
Those aspiring to secure admission in an MBA program in HR need to clear an entrance exam. While the eligibility criteria are generally determined by the respective colleges, the well-known entrance exams include CAT, XAT, CMAT, MAT and GMAC’s NMAT.
MBA in HR programs usually involve the drafting of projects as a step to improve the learning process. It helps in gaining practical knowledge as the student is able to apply the concepts and theories taught during the course.
Some of the common project ideas pursued by MBA HR students are:
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.
Students aspiring to join MBA programs need to have a certain set of skills that are required to excel in this field of specialization. While communication and people management feature on top for those pursuing HR, there are some other key functions that can help these students stand apart from their peers. Industry experts say the ability to observe and study the job market can help an aspirant benefit greatly from the MBA program.
Let us now look at some of the other skills:
The MBA in HR program is usually divided into four semesters. The course covers a wide array of management topics like management process and organization theory, accounting and finance, research methodology and human capital management, and HR audit.
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 – Talent acquisition
HR Manager – Training
HR Manager – Compliance
Professor of HR courses
The roles offered in executive positions include Senior Manager, Assistant Vice President, Vice President and Director.
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.
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.
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.
The average salary of an HR manager in the government sector is around Rs 4 lakh per annum and it can rise to Rs 10 lakh in the case of a Senior Manager.
MBA in HR graduates are some of the most sought-after candidates in the job market. A number of MNCs hire during placement rounds in B-schools. There are openings for HR executive jobs in small and mid-sized companies too.
Let us look at some of the Indian companies that are among the top recruiters for HR jobs.
Tech majors and software giants come on top among the recruiters of MBA HR professionals. These companies have large workforces and hence need a big HR team to manage the workforce. Several B schools have tie-ups with these conglomerates for placement purposes.
The sectors that offer job placements to MBA HR graduates are:
The personal interview round is considered to be the most important level in securing a job. Aspiring HR professionals need to be prepared for some basic questions that feature in most interview rounds. Students should try to incorporate some interesting elements in the answers to be able to stand out.
Below are a few questions and answers that you can be prepared for.
The HR industry is a lot about people interactions and communication. HR professionals also play a key role in ensuring the growth of companies. I want to be part of this department that holds such a crucial position for both the management and the employees. (You can state personal anecdotes.)
An HR person should be able to remain calm in crisis situations and must be approachable. The HR executive should also possess the knowledge of company policies and HR practices to be able to resolve situations efficiently. (Please note this question is a way to know your personal attributes.)
The answer will be a test of your understanding of the industry. You can talk about attrition and employee retention practices.
You can ask for the amount they have in mind and can also provide a range that is not too wide. It is always advisable not to give the interviewer a fixed amount.
You should not be too negative or critical about the industry. It is better to stick to some generic points that are already being resolved by most companies in that industry.
There are several courses that one can pursue after completing an MBA in HR. The reason is that it is always beneficial to get in-depth industrial knowledge to boost your career. Certification courses are a great way to learn specialized skills. There are some top branches of MBA that add a lot of value to your resume.
Q1: Is mathematics required for doing an MBA in HR?
An understanding of basic mathematics is required for pursuing MBA in HR because the syllabus contains accounts and managerial economics. Hence, aspiring students should be well versed in basic concepts like calculating square root, percentage and average.
Q2: Which is best in MBA – Finance or HR?
MBA in Finance or HR are equally lucrative options. Both these streams open up enough job opportunities. They are also among the well-paying job options.
Q3: Why choose HR as a specialization in MBA?
The HR department is indispensable for all sectors and companies because workforce management is a must for all organizations. Besides, attracting and retaining talent is crucial and an efficient HR team is essential to do that.
Q4: How to do PhD after MBA in HR?
A PhD is a commonly chosen path after completing an MBA in HR. This is particularly in the case of people who want to venture into academics.
Q5: Is MBA in HR a good option?
An MBA degree in HR adds value to your resume and the candidate has better chances of being hired by top companies. It also equips you with the specialized skills required for carrying out senior HR functions.
Q6: Is MBA in HR easy?
The MBA program in HR could be easy or difficult depending on the interest you have in the course. The course involves both academic and practical learning and this makes the program quite interesting.
Q7: Who should do MBA in HR?
Anyone who has an interest in managing and coordinating with people and talents is a good fit for this program. You also need the ability to stay calm and lead from the front in crisis situations.
An enriching academic program can go a long way in shaping a great career. This is what an MBA in HR can do for an aspiring HR professional. This is one of the best career paths to be chosen after graduation. Apart from ensuring high-paying positions in leading companies, this course also guarantees you immense job satisfaction.
The MBA in HR program offered by ASM’s Institute of Business Management & Research is a holistic course that promises to raise the bar of aspiring HR professionals. Apart from being a well-defined course interspersed with practical training, sessions conducted by industry and academics help students to pick up refined skills.