MBA or Master of Business Administration is a highly valued degree worldwide to develop business skills and leadership qualities. They get a better insight into the practical skills and theoretical knowledge to lead to the industry’s economic growth, and hence, the country. An MBA course allows the students to learn, adapt, and lead diverse business environments globally.
Specialization in MBA is available in Marketing, Human Resources, Operations, Information Technology, Finance, Management, Health care management, and many more.
An MBA with a specialization in HR is a popular discipline amongst companies, consultancies, and other business organizations. Choosing HR as one of the career options after MBA can be a rewarding deal.
They deal with talent acquisition and getting the best workforce for the company with skilled and competent workers. In business school, they learn about strategic management, human resource development, and legal aspect management. They need to hire and train the workers.
Responsibility of Human Resource
Human Resource management involves recruiting, training, orienting, and appraising the employees of a company. It is an HR’s responsibility to hire employees, look after their benefits, compensation, salary settlement, training, maintain employee performance, and ensure that everything is going on according to company policies.
HR job profile involves
Talent acquisition – Selecting the winning team that is identifying the right talents and skillful employees.
Talent Management – Providing talented people with a good environment to ensure the proper utilization of their skills for the company’s success.
Skills required by successful Human Resource
Since Human Resource needs to develop good business relations with others, recruit the employees, and contribute to the success of the organization, they must have the following skills:
- Excellent communication skills
- To supervise the work.
- Ability to plan and execute programs
- Good decision making skill in critical times
- Leadership or guidance skills
Career options after MBA in Human Resource
There are many sectors in which HR graduates can get highly paid jobs. They may work for government sectors, private companies, banking sectors, educational institutes, multinational companies, research, consultancies, and many more. They are offered a pay scale based on qualification, geographical location, company profit, and experience.
Government sector – Ministry of Human Resource Development (MHRD), Bharat Electronics Limited, SBI, Indian Institute of Corporate Affairs
Companies – ICICI bank, HDFC bank, Wipro, TCS, Reliance, Randstad India
Multinational Companies – Unilever, Amazon, Deloitte, Hudson Global Inc, Cognizant, Capgemini, Accenture.
MBA in HR – Job Profiles
Human Resource managers act as a link between employers and employees. They must provide adequate training to the employees, look after their benefits and compensations, supervise the work, and negotiate the salary.
Various job profiles available to them are:
- Human Resource Manager
- Human Resource Generalist
- Staffing Director
- Technical Recruiter
- Compensation Manager
- Employee Relations Manager
- Employment Manager
- Director of HR Training and Development
- Human Resource Consultant
- International HR Professionals
- Human Resource Specialist IT
- Employee Education Consultant
- Human Resource Executive
- Human Resource Entrepreneur
One of the best job profiles for MBA in HR graduates is given below:
Human Resources Manager
Human Resources Managers get the opportunity to help the employees by person-to-person interaction. They have a great direct influence on others.
Human Resource Generalist
It is an entry-level job offered to MBA graduates in HR, and they have to handle multiple tasks simultaneously. They receive job applications from the candidates, analyze their resumes, select the documents, and organize recruitment projects.
Their job profile involves recruitment, handling payroll, attendance tracking, employee engagement activities, induction program, and performance appraisal. HR generalists create backend systems so that the basic needs of the employees are met.
The staffing director makes all the necessary decisions and plays an important role in a company. They are responsible for framing recruitment policies, promotional policies, and policies related to transfer and training.
Technical recruiters’ job profile involves testing the candidates’ technical skills and choosing the ones with well-versed technical skills. They have high scope in IT sectors and banking.
Those graduates with knowledge of software and human resources are suitable for this job profile. They could be software developers, IT architects, or have any other technical expertise. They play an important role in assisting the HR team.
It is one of the most lucrative jobs for good communication skills and can build good relations with people. Executive recruiters have to recruit C- level executives like CEO and Vice President. They carry on a search and contact potential executives to fill that position from different companies and ask them whether they are interested or not.
Compensation managers have an important role in determining the salary of the employees. Thus they take care of the financial matters of the company. Companies offered to the employee must adhere to the laws. They decide the bonus of the employees.
Employees Relations Manager
They listen to the employees’ complaints and grievances and thus, act as a correspondence between them and the employers. To resolve the disputes between the employers and employees, employee relations managers arrange talks and discussions between them.
Director of HR Training and Development
The Director of HR Training and Development conducts training programs for new employees in a company. It is their responsibility to carry out training programs well so that employees can contribute to their best level for the company’s success.
They help in improving the skills and careers of the employees. They organize classes, workshops, conferences, training sessions, and gatherings.
Non-Profit Human Resource Experts
Non-profit Human Resource experts have a role in recruiting, administering benefits, training & development for non-profit fields. They can be HR managers, recruiters, or HR executives.
In such organizations, they work to positively impact the world through arts, education, health, or culture. They have a direct and strong influence on the people.
Human Resource Consultant
Human Resource consultants work for employee incentives, reward programs, company culture merge, employee motivation, retirement plans, and outsourcing functions. They offer systematic recommendations to the company to achieve bigger goals.
They can choose their employer and their desired salary. Some companies, like Oracle and SAP, suggest some tools to the clients to simplify their work.
International Human Resource Professional
International Human Resource Professionals recruit candidates for global positions, train them according to international organizations’ regulations, implement benefit plans according to the national plans, and regulate employee programs. It is the best career option for those who want to travel, speak multiple languages, and adapt to different cultures.
Human Resource Executive
Human Resource executives play a vital role in any organization. It is their responsibility to device strategies, policies, systems, and goals for the companies. They look after every aspect of a human resource department, from recruitment to contract to sign to training and development.
Employee Education Consultant
Their job profile is similar to training and development managers like conducting workshops, classes, and conferences to increase the employees’ knowledge. Employee education consultants set their own time and choose their clients. This career option is suitable for those who want to teach but have an independent position.
Human Resource Entrepreneur
Human Resource entrepreneurs can build employee placement companies, HR consulting firms, and employer organizations (PEO), where an outsourced HR department is required. They can set up a firm, find clients, and lead their firm to a successful organization. It is a good career option for people with good work ethics and high-risk tolerance.
MBA graduates with a specialization in HR receive a salary package around 2-5 Lakh per annum. With experience and professional skills, they get an average salary of around 12 LPA. After five years of experience, they are offered salaries ranging from 10-24 LPA. HR at mid-level positions get a salary ranging between 10-18 LPA while those at the senior – level get a salary between 25-40 Lakhs. Learn more about MBA salary in India.
It is the human resources management department’s responsibility to maximize the employees’ performance by providing them with requisite training. Thus, employees acquire good industrial practices and knowledge. HR professionals have many employment opportunities in IT companies, law firms, government sectors, media houses, advertising companies, retail companies, newspapers, multinational companies, etc.
Many emerging HR trends are the implementation of AI, HR analytics, HR Data analyst, performance analyst, upGrad is an online higher education platform providing industry-relevant programs in collaboration with world-class faculty.
We also provide placement support to the graduates. It creates a good learning experience anywhere and everywhere by online programs. upGrad offers the students an online MBA from a global degree from Liverpool Business School and Deakin Business School. Along with these, upGrad offers MBA programs with a specialization in Finance, Operations, Strategy & Leadership, and Executive.