In case you are a person who likes to work with people, resolve issues, create effective teams, and develop working environment culture – the profession of a Human Resources (HR) may be your calling. And, since you’ve already decided to aim high in life, an MBA in HR Management may be the ticket that you get on a proactive and satisfying existence.
In the current business environment, HR has ceased to be about recruiting or handling payrolls. It is all about strategic decisions, employee involvement and change in the company. Now, we shall discuss how MBA in Human Resources can transform your career and your exciting future career after graduation.
What Does a Masters in HR Management Degree Teach You?
MBA in Human Resource Management aims at making you a people strategist. It is an ideal combination of management, psychology and business knowledge. In the course of the program, you will get to know:
- Recruitment and selection strategies
- Performance management systems
- Training and development
Planning compensations and benefits.
- Employee relations, labour laws
- HR analytics and digital HR tools
To put it simply, not only would you graduate with knowledge of how to operate people, but also how to align human capital to business objectives, which is precisely what the greatest employers are seeking nowadays.
The Best career opportunities with an MBA in HR
After finishing your MBA in HR, you will realize that there is a lot of possibilities in the job market. All skill sets are applicable in the management of people, policies as well as the analysis of workforce data and the creation of company culture. In this way, let us consider some of the most promising ones.
1. HR Manager
This is a job that is most typical and all-purpose following the MBA in HR. HR Managers deal with performance reviews, recruitment and engagement as well as onboarding.
What you’ll do:
You will be the liaison between the company and the employees and make sure that the needs of the employees as well as the needs of the business are achieved.
Average Salary (India): ₹6–10 LPA
Bonus: You need to be good at communication and negotiation, as well as develop empathy, which is a requirement of the job.
2. Talent Acquisition Manager
This position is the one you want to apply to in case you adore the thought of searching a bright talent. Talent Acquisition Managers strategize on how to recruit, administer employer branding and assist firms to recruit the correct individuals in the correct positions.
Industries Recruiting: IT, Consulting, Finance, Startups.
Average Salary: ₹8–12 LPA Fun fact: The most successful recruiters are not merely in the act of hiring, but also in the process of creating the future of their organizations!
3. Learning and Development Manager (L&D)
Learning in the modern world of a working environment that is constantly evolving does not end. The L&D Managers deal with developing training programs, which in turn assist the employees to develop their skills and further their career.
What makes it exciting:
You are given the opportunity to create workshops, leadership courses, and learning trips that actually contribute to change in the lives of people.
Average Salary: ₹7–11 LPA
4. Benefits and Compensation Manager
Would you like to deal with numbers and people? This is the perfect blend. C&B Managers establish salary system, bonuses and benefits package systems that ensures that employees remain motivated and at the same time remain within budget constraints of their companies.
Average Salary: ₹9–14 LPA
Why it is important: Equitable and inspiring remuneration system is among the greatest motivators of staff contentment.
5. HR Business Partner (HRBP)
This is considered to be one of the most strategic positions in HR. HR Business Partners collaborate with departmental heads and top management and develop HR strategies that have a direct impact on supporting the business objectives.
You will like this when: you like to solve a problem, strategy, and leadership discourse.
Average Salary: ₹10–18 LPA
Prospects: The HRBP functions are frequently promoted to top management or CHRO.
6. Employee Relations Manager
Any given workplace requires peace and that is where the Employee Relations Managers come in. They keep employee relations healthy by observing labour laws, manage grievances and maintain healthy relationships between employees and the management.
Skills needed: Patience, listening and diplomacy.
Average Salary: ₹6–9 LPA
7. HR Analytics Specialist
Data is the future of HR. As an HR Analytics Specialist, you will make superior decisions on hiring, retention, and employee performance using the data tools.
The tools that could be utilized are: Power BI, Tableau, or Python.
Average Salary: ₹9–15 LPA
Why it is trending: Data is becoming an essential resource that companies use to anticipate workforce trends and enhance the experiences of employees.
Emerging Career Trends in HR
The HR environment is changing rapidly, technology and other employee demands. The following are some of the trends that MBA HR graduate should monitor in the near future:
- People Analytics and HR Tech: Big data-driven HR decisions are here to stay.
- Diversity, Equity and Inclusion (DEI) functions: The creation of inclusive cultures is now a company priority.
- Remote Work managers and Hybrid policy managers: Flexible workforce is the new reality.
- Sustainability and ESG-oriented HR: The connection of people practices with the environmental and social objectives.
Having an excellent understanding of digital tools and strategic thinking, MBA HR graduates are better placed to front them in such new-age positions.
Best Companies to work in with MBA HR graduates
Graduates in MBA HR are required in various industries, such as:
- IT and Technology
- E-commerce and Startups
Banking Financial Services
- Manufacturing and FMCG
Consulting and Professional Services
- Healthcare and Education
Whatever happens to capture your attention there must be an industry where your talent is required.
Career Growth Path
Another possible career path in HR can be to have the following:
HR Executive —> HR Generalist —>HR Manager —> HR Business Partner—> HR Director —> Chief Human Resources Officer (CHRO)
Author
Ms. Shikha Yadav
Assistant Professor
DMAC
The NorthCap University