MBA in HR: Salary, Scope, Fees, Benefits, Career & More - ASM IBMR
Skills Required for MBA Business Analytics
Top Skills Required for MBA Business Analytics: Skills That Recruiters Value
June 25, 2021
MBA in Business Analytics
MBA in Business Analytics: Salary, Scope, Fees, Benefits, Career & More
July 10, 2021

MBA in HR: Salary, Scope, Fees, Benefits, Career & More

MBA in HR

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.

What is MBA in HR?

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.

MBA HR: Course Highlights

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.

 

MBA HR Course Eligibility Criteria

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

MBA HR: Admission Process

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:

  1. Apply for an entrance test
  2. Sit for the exam
  3. Check if your name appears in shortlist
  4. If selected, appear for Group Discussion, Written Ability Test and Personal Interview. These tests evaluate the candidate’s verbal and oral communication skills.

 

MBA HR: Salary 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.

 

MBA HR: Entrance Exam

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 HR: Major Research Project Topics

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:

  1. Analysis of satisfaction level of employees
  2. Employee welfare schemes
  3. Performance appraisal and bonus payment structure
  4. Employee attrition
  5. Employee engagement & motivation
  6. Evaluation of training programs
  7. HR policies on grievance redressal

 

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.

Skills Required to Pursue MBA in HR

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:

  • Communication skills – Aspiring HR professionals must possess excellent communication skills and the quality to easily convince others. This helps a great deal while handling crisis situations and during salary negotiations.
  • Leadership skills – If you are a born leader, then the HR market is your calling. You must have the ability to take charge in times of conflict and lead from the front when the organisation needs you the most.
  • Supervisory skills – The HR department is responsible for managing the entire workforce of a company. This means while it is essential to guide the employees to follow company rules and established work practices you also need to manage your team well to get these regulations implemented and monitored.
  • Planning abilities – An HR professional needs to plan and execute training programs, employee initiatives and annual activities. This needs a great deal of coordination, drafting of plans and an eye for detail.
  • Soft skills: This perhaps makes an HR professional stand apart from other employees. A good HR person should be able to bond well with the employees, irrespective of their positions, and make them feel content about the company and their work profile.

MBA HR: Syllabus & Subjects

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.

MBA HR: Career & Job Opportunities

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.

Scope of MBA in HR

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.

  • 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.
  • These vacancies are spread across the Metros and Tier cities.

Scope of MBA HR in Government Sector

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.

Top 5 Recruiters for MBA in HR Graduates in India

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.

  • Reliance
  • TCS
  • Wipro
  • Infosys
  • L&T

Top Recruiting Industries

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:

  • Banking
  • Personal Finance
  • Automation
  • Software
  • Information Technology

Interview Questions and Answers for MBA HR Freshers

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.

  1. What inspired you to take up HR?

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.)

  1. What do you think are the qualities an HR professional needs to possess?

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.)

  1. Which area in HR do you think needs improvement?

The answer will be a test of your understanding of the industry. You can talk about attrition and employee retention practices.

  1. What is your expected salary?

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.

  1. What are the biggest challenges of working in the HR industry?

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.

Courses to do after MBA in HR

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.

MBA in HR: Related FAQS

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.

Summary

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.

Now, Check Out MBA HR Programs at ASMs IBMR

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.

Team ASM IBMR
Team ASM IBMR
ASM's Institute of Business Management & Research, Pune was established in 1983. It is affiliated to University of Pune. It is a prominent institute for higher education in the state of Maharashtra.

ENQUIRE NOW