What are Human Resources? It is the people or workforce in a company, organisation or economy. Managing human resources is the secret to establishing an efficient and productive workforce, and this is the reason an MBA in HR is so popular with both students and employers.
The main function of an MBA in HR is to teach students how to ensure the welfare of employees, how to hire the right people and how to create an equal working environment for all.
Before we tell you more about an MBA in HR, it’s important that you fully understand what it is.
MBA in HR Basics
An MBA in HR is a 2 year postgraduate degree program in management. It provides knowledge in the area of recruiting new employees, training, managing them and establishing an overall pleasant work culture in an organisation.
MBA in HR Eligibility
While the specifics might differ in individual colleges, the overall basic criteria is as follows-
- You need to be a graduate from a recognised university.
- You need to have 50% marks minimum during college. (For SC/ST it’s a little less.)
- Final year graduation students are also eligible to apply if they complete their degree in time.
- Applicants must appear for MBA entrance exams like CAT, MAT, XAT, state entrance exams etc.
Why Pursue an MBA in HR
- An MBA will greatly enhance your job prospects.
- HR is an evergreen industry as all organisations, whether in the public or private sector require HR professionals.
- You can expect an increase of upto 50% in your salary post completion of the degree.
- You will gain easy access to leadership roles after completing this degree.
Scope of an MBA in HR
As mentioned before, HR is an evergreen field. Every single organisation nowadays needs to have an HR department. This bodes really well for all MBA in HR students as the demand for their skills remains high.
After completion of your MBA in HR, you can choose to work in any industry you want such as IT, banking, FMCG, marketing etc.
Job opportunities after an MBA in HR
Job profiles available to you post graduation include-
- HR Manager- Responsible for addressing employee grievances, conducting events, and working to improve the relationship between the management and the workforce.
- Recruiter– Handling the hiring process and Interviewing candidates according to the company’s work culture.
- Training & Development Manager– Training for new employees and helping them learn new skills.
- Compliance Manager– Making sure that the company adheres to all government mandated rules and regulations.
- Employee Relations manager- Handling employee problems and providing counseling.
PGDM in HR is an equal alternative to an MBA in HR. PGDM stands for Post Graduate Diploma in Management.
Even though a PGDM in HR and an MBA in HR are very similar, there are some differences-
- PGDM is a diploma not a degree
- The approving authority for PGDM is UGC but for MBA it’s AICTE
- PGDM curriculum is more practical than an MBA curriculum
It’s important to note that despite these differences, a PGDM in HR and an MBA in HR both hold equal value everywhere. Employers don’t differentiate between the two and your job prospects will not be harmed by choosing either of them.
An MBA in HR and a PGDM in HR are both excellent choices to take your career to the next level. You can rest assured that both options will turn out to be equally beneficial.
What matters is what you want to do. Read up on the two courses carefully to make a wise decision.