Here in this article, we will take you through all that concerns MBA human resource management. This includes best practices and work scope.
Human Resource Management (HRM) comprises the process of hiring the staff, delivering training and advancement, planning strategies, upholding workforce guidelines, valuating their functioning, offering benefits, motivating and managing them for a corporation.
It is a 2 year course that is divided into semesters/terms. Institutes mostly have two semesters or three semesters in one annum. An MBA in HR is also available through distance learning. The minimum duration of the course for distance mode is 2 years and the maximum duration is 4 years
MBA Human Resource Management: What is it about?
Human Resource Management is essentially the process of hiring, training and managing employees for an organization. It is all related to the ‘people’ side of an organization. It is about making sure that an organization has an adequate number of people with the required skills and knowledge to fulfill the strategic aims of a company.
MBA in HRM is of 2 years and is divided into terms/semesters. Some institutes have two semesters in one annum while many have three semesters or terms. For distance mode of education, the minimum duration, of course, is 2-2.5 years and the maximum duration to complete the program is 4 years. For Executive Program, the duration of the course varies from 1 to 2 years.
Although the course is open for anyone who fulfills the basic eligibility criteria, it is certainly an apt course for individuals with excellent interpersonal and communication skills. A person who can manage both people and information adeptly and is adaptable to different kinds of work environments is a suitable candidate for an MBA in HRM.
Human Resources Management: Syllabus
The subjects that are covered by most of the institutes for MBA in HRM include:
- Managerial Economics
- Management Process ad organization Theory
- Individual Behavior in Organization
- Accounting and finance
- Business environment
- Human resource management
- Managerial communication and skill development
- Quantitative techniques in Human Resource Management
- Research methodology
- Marketing management
- Fundamentals of Industrial relations
- Production and Operation management
- Strategic Management
- Corporate social responsibility and business ethics
- Entrepreneurship development
- Human Capital Management and HR Audit
- Contemporary Employment Relations
- Organizational Change and Development
- Labor laws
- Compensation and Reward Management
- Cross-Culture and International Human Resource Management
MBA in Human Resources Program Admissions
Many prospective MBA students feel intimidated by the admissions process, which seems laborious and complicated. Taking a step-by-step approach to the process breaks down what seems complicated to the basic elements. Begin with the knowledge that schools generally require the same documents for online and on-campus programs.
Students should look at how much they can afford, where they want to go to school, and whether the school requires a test score such as the GMAT. The credentials of admitted students should also factor in students’ decisions, and business programs often list this information online.
Learners should then draw up a list of about six business schools that include both top schools that an applicant may not get into and safety schools that an applicant stands a good chance of getting into. Consider the following list of prerequisites and admission materials.
- Bachelor’s Degree: In general, MBA programs require students to hold a bachelor’s degree for admission. In very rare instances, a learner with exceptional skills may skirt this requirement. Those without a bachelor’s degree in business administration, accounting, or a similar field may need to fulfill prerequisite coursework requirements.
- Professional Experience: Work and leadership experience counts in the admissions process. Most business schools require at least one or two years of full-time work experience, while the top-tier schools typically require between three and five.
- Minimum GPA: While a 4.0 GPA will not make up for an altogether weak application, GPA scores do matter. Expect admissions to require a GPA of at least a 3.0 for admission to an MBA in human resources. Prospective students bolster their application with strong GMAT scores, a good portfolio of work experience, strong references, and a qualitative personal statement.
- Application: Applicants should plan for a 12-month application process. Some business schools offer rolling admissions and accept applications year-round; others offer the process of a round and typically accept more students in the fall. All applicants should follow the program’s established guidelines and deadlines. Some students may choose to use GradCAS, the leader in graduate admissions services.
- Transcripts: MBA programs review the applicant’s college transcripts, paying particular attention to the last 60 credits of the bachelor’s degree. Learners may order transcripts online, in person, or writing. Some colleges provide them at no charge, while others charge a fee.
- Letters of Recommendation: Applicants should request two to four letters of recommendation from employers, former professors, or advisers. Begin this process at least six weeks in advance, giving referees enough time to fulfill the request.
- Test Scores: Business schools generally require the GMAT for admission, though an increasing number accept the GRE. The average score for all GMAT test-takers now stands at 556, according to GMA. Competitive MBA program applicants should aim for above 600 — and much higher for elite business programs.
- Application Fee: The fee for applications varies depending on the school, but on average fall in the $50 to $100 range. Research whether a school offers fee waivers and use this option whenever possible.
Human Resources Management: Career Options and Job Prospects
Human resource management is the center of almost all the corporate firms as it is directly in contact with all the employees and manages their work as well as expectations. Aspiring candidates can also pursue PGDM in human resource management to get lucrative job offers after completion of the course.
In the corporate world, each firm has a Human Resource division to manage the employees. However, some of the companies outsource their human resource work to professional companies.
Some of the popular firms in this field are SutraHR, ABC Consultants, Adecco India, AON Hewitt (previously Hewitt Associates), CareerNet, Global InnovSource, IKYA Human Capital, Kelly Services India, ManpowerGroup India, Randstad India (previously Ma Foi Randstad), etc. Following are some of the jobs that one can pursue after MBA in Human resource management:
- HR Manager
- Training and Development specialist
- Labor Relations Manager
The starting salary after pursuing a bachelor’s degree in HR varies from Rs. 10,000 to Rs. 25,000 per month. However, after pursuing PGDM or MBA in Human Resource Management, the salaries can vary from Rs. 3.5 lakh to Rs. 8 lakh per annum depending on your skills and caliber.
The core role of the HR professional is to take care of the welfare of the company’s employees. They are one of the most valuable contributors to the growth and the sustenance of a company. Sounds good right?