A Useful Guide for Taking up HR Jobs after Pursuing MBA

A degree in business administration can lead to a fruitful career in human resource management. As a holistic discipline, MBA teaches foundational business theories. Specialising in human resources gives an extensive knowledge of the nuances of managing the human relations component of a business.

An MBA in HR Management is a promising degree in a world where efficient and ethical business management is essential for an organisation’s success and productivity. From 2017 to 2025, the global HR professional services market is expected to grow at a CAGR of 12.4%, reaching USD 7.48 billion by 2025. On the other hand, the global HR management market is forecasted to grow at a CAGR of 12.8% from 2022 to 2030.

Let’s look at what an MBA in HR Management entails and the job prospects after the degree.

The Course Structure of an MBA in HR Management

The course spans four semesters over two years. The first two semesters involve core management skills, while from the third semester onwards, HR management is introduced as a specialization.

The course inculcates vital business management skills, as it forms the core of any management job. It forges essential skill sets that improve organizational performance through analytically driven decisions.

Specialization in HR skills from the third semester onwards sharpens the pre-existing management skills, introduces new skills and delves deeper into the nuances of managing workers in an organization for optimum performance.

MBA in HR Management Syllabus

MBA in HR course covers substantial grounds in terms of core management skills and human resources. To start with the basics, this course offers a curriculum covering communication, marketing, economics and management. It then proceeds to business management and human resource management. Finally, students can apply these skills in real-world scenarios with small and large-scale projects.

To get a more detailed overview of the syllabus, take a look at the list below:

Semester 1

• Managerial Economics
• Statistics for Management
• Professional communication
• Accounting for Managers
• Marketing Management

Semester 2

• Legal Aspects of Business
• Business Research Methods
• Financial Management
• Human Resource Management
• Conflict Resolution and Management

Semester 3

• Strategic Management
• Minor Project
• Professional Ethics

Semester 4

• Major Project
• Management in Action - Social Economic and Ethical Issues

• Digital Marketing

  Specialization

  Human Resources Analytics

Skills Acquired

Some basic skills are necessary for HR jobs. Candidates acquire these while pursuing MBA in HR Management.

Strategic Decision-Making

Strategy-based decisions are vital for the growth of any company. It is a crucial skill acquired through thorough training and hands-on experience.

Analytical Competence

Analyzing data enables the organization to see ahead of time, plan the next move, and remain ahead in the game.

Entrepreneurship

Entrepreneurship is a byproduct of management and requires skills like creativity, problem-solving, critical thinking, and leadership qualities.

Leadership

To lead a successful enterprise, one must possess excellent leadership skills. Not everybody has this skill, and when one has it, one should polish it by enrolling in a course led by world-class leaders themselves.

Creative Thinking

To think out of the box is vital to stand out among a sea of enterprises. What makes a business better and more successful? The answer lies beyond the traditional management skillset. Creative thinking can channel that unique factor into the enterprise and make it greater.

Legal Awareness and Dexterity

Management programs let students have a brush of the legal aspects of running an enterprise.

Labor Management

The most critical aspect of HR jobs is managing the workforce. Identifying the right people for the right job is a skill in itself. It helps to get the enterprise up and running in the most efficient way possible.

Critical Thinking and Problem-Solving

Critical thinking and problem-solving abilities are essential for any organization. An MBA in HR Management stimulates the mind’s problem-solving abilities, along with strategizing and analyzing.

Career Prospects of an MBA in HR Management

Armed with the knowledge required to organize an enterprise and manage its workforce to produce optimum outcomes, an MBA in HR Management opens doorways to multiple career prospects in various aspects of an organization.

Organizations can make the most of HR Managers who can work with the resources aligning with the company’s interest and work towards the bigger picture.

Job Profiles for MBA in HR Management

• HR Generalist HR Generalist is the starting point for a career in HR management. It involves basic recruitment, managing documentation and evaluating candidates.
• Employee-relations Manager

An employee-relations Manager bridges the gap between employer and employees. They convey their grievances in an organized fashion to ensure minimal dispute.

• Recruiter

Recruiting is the most vital job of the HR manager. They ensure that the prospective employees are fit for the job, with the theoretical and practical knowledge necessary to execute their job roles in the best way possible.

• Staffing Director

A Staffing Director looks after the paperwork involving employment. They chalk up policies and manage the employees’ work location and training.

• Compensation Manager

The Compensation Manager decides the financial aspect, which includes payrolls and incentives. A Compensation Manager must be well-versed in legal aspects to keep the company’s finances in line.

• Training Director

A Training Director is responsible for training new and old employees to keep them on par with the latest development in company standards and guide them. This ensures that the staff is up-to-date and works to realise their full potential while contributing to the company’s growth.

Payscale

While an experienced HR Manager’s annual salary can be Rs 18 lakhs, a fresher can earn about Rs. 3 lakhs. Preliminary work may be that of an HR Generalist, and with time and experience, they can even become one of the top-tier HR Managers of the organization.

Experience

Being an HR Manager is a rewarding experience. Not only is there a substantial learning curve through one’s own work, but others’ work may also serve as an inspiration. HR Managers become well-seasoned with every employee they deal with, as they have to use all of their management and human resources skills to get the best out of any situation.

Benefits of Doing an MBA in HR Management

If you are looking for a career in management but are keen on human interaction, an MBA in HR management is just the course for you. HR is a highly stimulating job that will help your career graph evolve. Not only is it financially fulfilling, but it also provides an enriching experience in many other ways.

So, what are the benefits of doing an MBA in HR? Let us take a look.

• Financial Stability

As discussed previously, HR management jobs can be financially rewarding experiences with time.

• Psychologically Fulfilling Experience

Guiding your fellow employees to activate the best in them and witnessing the results is an exceptional experience.

• Learning Experience

An MBA in HR demands a thorough understanding of certain concepts and applications before stepping into the shoes of an HR manager. HR jobs also offer a constant learning curve.

• Fluidity in Job Roles

HR jobs can be of various kinds. You may upgrade or shift into a new job role. Either way, you are good to go because of your exhaustive knowledge owing to an MBA in HR.

Conclusion

An MBA in HR Management is one of the most valuable professional courses currently available. From a monetary perspective, HR Managers have witnessed a steady growth in market value over the decade and will continue to do so. The biggest reason behind this is that the job of an HR Manager is less likely to be automated as it is more interaction driven. However, it will rely more on data in the coming years.

Amity University Online offers MBA in HR Management with its flexible two-year learning program, taught by world-class faculty and live interactive sessions with leaders in business administration. Gear up for an exciting career in HR management with Amity Online’s MBA in HR Management online for a fulfilling learning experience and a successful career ahead.