MBA in Human Resource: Brief Summary
||MBA in Human Resource Management
||2 years, 6 semesters
|Key Skills Required
||Communication skills, fluency in language, analytical skills etc.
||Rs 4.1 to 6.5 lakh
|Average Starting Salary
||Rs 2.3 to 6.7 lakh per annum
||Online and Offline
|Top Recruiting Companies
||Accenture, Wipro, Infosys, Tata Consultancy Services, Cognizant Technology Solutions
What is MBA in Human Resource Management (MBA-HRM)?
Human Resource (HR) function holds one of the most important role and respect in any company. Human Resource Management is the process of recruiting, training and developing the employees according to the organizational needs.
MBA Human Resource Management is a 2 year post graduation degree program for graduates. The fee for the course ranges from Rs 3,00,000 to Rs 15,00,000. Students can also go for Distance MBA in HR.
The course basically deals with the proper management of human resources in an organization. It involves the specialized training program related to human management like strategies for recruitment, selection process, hiring of employees, on boarding, talent acquisition, training and retention of employees.
Top colleges offering MBA in HR are as follows-
MBA in HR (Human Resource) is one of the most sought after specializations of management programmes. It is one of the most challenging yet stimulating course in the management field.
Why so many people opt for MBA-HR across so many B Schools and is the increasing interest in Human Resource justified? Let us explore details of HR to understand this specialization better and if you should also consider taking it.
MBA in HR Management Job Roles and Career Opportunities
MBA in HR are required in every company, irrespective of industry or size. They are the ones who screen potential candidates, recruit, train new employees and motivate current employees by offering them competitive compensation and other benefits. They frame the company’s HR policy and make sure all employees follow it for the interest of a company. (Like leave policy, Promotions, etc)
HR Generalist is an entry level HR manager who looks into a variety of roles like getting job applications, evaluating resumes, documenting selection process, planning for recruitment drives etc. Their starting salary is around Rs. 2.5 Lakhs in India.
Staffing Director is a high ranking HR manager who takes important decisions regarding management of existing employees. He/she plays a key role in formulating promotion policies, recruitment needs, transfers, training etc.
Technical Recruiter is a middle-level HR manager who is entrusted with evaluating the technical knowledge of prospective candidates and shortlist the ones who are good at technical. This holds more importance for knowledge-based service industry like IT, Banking etc. The average salary for a technical recruiter is Rs. 2.2 Lakhs per annum in India.
Compensation Managers are the middle-level HR manages who plans, analyses and determines the salary of existing and new employees of the firm. He/she makes sure the salary offered is adhered to minimum wages act and other labour laws.
He/she determines the salary composition, bonus and any other benefits to be offered to the employees and also plays a critical role in ensuring employees remain motivated by competitive pays and regular increases at same the same time maintaining costs on wages.
They are expected to earn an average salary of Rs.10-16 Lakhs per annum in India.
Employee Relations Manager
Employee Relations Managers are responsible to maintain a coordinal relationship between employees/trade unions and company management. They organize regular meeting for feedback and suggestions from employees and trade unions, address their complaints, grievances and settle disputes among two or more employees or employees and company internally.
They are expected to earn an annual income of Rs. 5 Lakhs in India.
Director of HR Training & Development
Director of HR Training and Development is a top-level HR manager responsible for the design and delivery of training for new employees as well as existing employees.
He/she makes sure the training sessions are fruitful and productive for the participants and results in profitability for the firm by an increase in productivity of employees.
They are expected to earn an annual package of Rs. 15 Lakhs and upwards in India.
MBA in Human Resource Management: Salary
The average salary received by a Human Resource sector employee is about Rs 4.4-5.2 lakh per annum. A lot depends on the years of experience gained by the individual in this field. On the basis of experience, the division of payment is made thus-
||Average Salary (Per annum)
||Rs 1.7 lakh – 4 lakh
|2-5 years of experience
||Rs 3.5 lakh to Rs 7 lakh
|More than 5 years
||Rs 8.00 lakh to Rs 24 lakh
Each organization, government or private needs efficient employees to work for them which involve the recruitment of proficient workers as Human Resource managers and in other similar roles. Here’s a list of top HR recruiters-
- Ministry of Human Resource Development
- Bharat Electronics Limited
- Indian Institute of Corporate Affairs
- State Bank of India
- HDFC Bank Ltd
- Wipro Limited
- Trigent Software Limited
- Marriott International
- Tata AIG General Insurance Company Limited
MBA in HR Management: Syllabus
The syllabus of this course includes the following topics-
- Operations Management
- Legal Aspects of Business
- Business Communication
- Marketing Management
- Managing People and Performance in Organisation
- Management of Accounting
- Corporate Finance
- Business Statistics
- Human Resource Policies and Practices
- Constitution of India and Labour Law
MBA in HRM aims to develop the general management skills like organizational behavior, communication skills, foundations of human resource management etc. in the first year and the advanced courses of HR and its application in the second year, along with necessary industry exposure through internship.
For more benefits in this field of work, students can couple it with the following Specializations-
Human Resource and Employment Relations
Human Resource and Employment Relations is a combination which boosts the value of this degree. It involves the learning process of how to manage employees and build a trustworthy relationship with them.
Government and private agencies like NS Matrix Services, Axis Securities Limited etc. hire them as Assistant Managers, Human Resource Officers etc at an average pay of Rs 3.0 lakh to Rs 4.4 lakh per annum.
Human Resource and Industrial Relations
Human Resource and Industrial Relations is a course which focuses on smooth relations between the employees and employees by facilitating ease of communication.
These candidates work as Human Resource Generalists, Employee Relations Managers etc. Companies like Air India, Intelenet Global Services Pvt Ltd, and others hire them on an average pay ranging between Rs 1.0 lakhs to Rs 5.0 lakh per annum.
Human Resource Management and Law
Human Resource Management and Law is a major specialization, which makes a candidate an asset to any organisation. This strengthens his or her grip on the meta-legal structure as well. All reputed consultancy services, government agencies hire candidates with this academic background.
The major recruiters are IDBI Federal Life Insurance Company Limited, Accenture etc. The average pay they receive is up to Rs 3.0 lakh to Rs 6.5 lakh per annum.
Human Resource Management and International Business
Human Resource Management and International Business specialization is used to strategically analyze the world business scenario and to work within it efficiently.
Companies like Tech Mahindra Business Services Limited, SRS Business Solutions, and other such companies hire candidates with these qualifications. The average remuneration expected, ranges from Rs 3.5 lakh to Rs 4.5 lakh per annum.
Human Resource and Strategic Organizational Development
Human Resource and Strategic Organizational Development is a course in which students learn to bring about cumulative profits through a targeted approach towards changing workers’ thought process to an optimistic and motivated one, alter work ethics for comfort and efficiency, facilitate cooperation etc.
These candidates work as Human Resource Leaders, Managers, Compensation Managers etc. at an average pay that ranges from Rs 5.0 lakh to 7.5 lakh per annum.
Popular colleges offering MBA in Human Resource Management
MBA in Human Resource can be pursued from the following renowned colleges. The table below enlists colleges with important details needed to pursue to course, which are as follows:
|Indian Institute of Management, Ranchi
||· Graduation degree with 50% marks
· CAT entrance test score
· Written Ability Test and Personal Interview
||Rs 12.50 lakh
|Xavier School of Management, Jamshedpur
||· Graduation degree from a recognized university
· XAT/GMAT entrance exam marks
· Personal Interview
|Rs 19 lakh per annum
||Rs 10 lakh
|SVKM Narsee Monjee Institute of Management Studies, Mumbai
||· Graduation degree from a recognized university with passing percentage of 50%
· NMAT by GMAC Entrance exam score
|Rs 3 lakh per annum
||Rs 17.5 lakh
|International Management Institute, Delhi
||· Graduation degree from an authentic university with 50% marks
· CAT exam score
· Psychometric Test and personal interview
||· Rs 1.5 lakh (self-sponsored)
· Rs 2.8 lakh (company sponsored)
|Indian Institute of Social Welfare and Business Management, Kolkata
||· Graduation degree from a recognized university with 50% marks
· CAT entrance exam score
· Group discussion
|Rs 3-4 lakh per annum
||Rs 6 lakh
Requirements for MBA in HR Management
To get admitted in this course, students need to fulfill the following criteria-
- Graduation degree in a relevant subject from a recognized university.
- CAT/XAT/MAT/GMAT/CMAT etc entrance exam score.
- Group discussion (GD) and personal interview (PI).
Prerequisites for MBA HRM Course
An MBA in HRM is a course for those who want to develop a management career in strategic human resources. The very nature of Human Resource jobs requires you to regularly meet with employees and even prospective employees for the firm.
- You should be a people’s person and should love interacting and knowing about new people every day.
- You should be patient and understanding towards others. One should be willing to work in a multicultural environment.
- One should definitely have business skills of leadership, communication, teamwork, and decision-making. A pleasing personality is desirable in this field.
Why should you choose to do an MBA in Human Resource Management?
The foundation of the course depends upon employees and their relationship with the employers in specific and with the organization in general. The Human Resource Manager is employed to facilitate cordiality amongst the staff.
It’s imperative for renowned and emerging companies alike that they recruit efficient staff which maximizes their profit and revenues, for this an HR manager is a necessity and an asset to any organization. Human Resource Management is based on the theme of ‘talent analysis’, which is becoming a high demand skill as new companies emerge.
In a news report by Willis Towers Watson Data, 2018- 58% of CEO’s depend on the analytic data of Human Resource Managers to manipulate their personal decisions regarding the organization and company.
The important HR profiles in demand in the future would be the HR Managers, HR Directors, Compensation and Benefits Managers. An HR Specialist’s job has been considered amongst the “Best Business Jobs” by a survey conducted by the US News and World Report.
The future of HR management could be outsourcing as well, due to its high demand in countries other than India. Therefore, MBA in HR is a lucrative course which offers promising growth and opportunities.