MBA in Human Resource Management (HRM) is a post-graduation degree program of two years. It intends to instill an experimental and theoretical understanding of the management of human resources within the students with the help of various subjects, training sessions, and exposure to the workplace. It is one of the most desirable streams under an MBA. HRM is the backbone of any industry as it is responsible for the skilled and knowledgeable workforce of the company. The core role of an HR professional is to look after the welfare of the employees of the company. After getting a degree of MBA in HRM, students can get ample job opportunities with handsome salary packages. This article will follow a FAQ-based approach.
What is MBA in Human Resource Management?
The answer to the question ‘What is MBA in Human Resource Management?’ is not a direct one. It has various aspects included in it. For some institutions, MBA in HRM focuses on providing theoretical knowledge to the students of the processes of recruitment, management, direction and guidance of the workforce of an organisation. It provides the basic knowledge of dealing with the employees and motivating them in a manner that benefits the organisation. Hence, the students of MBA in HRM are taught to create a balance between the human resource of an organisation and the business strategy of the organisation.
Another aspect of the question ‘What is MBA in Human Resource Management?’, is the practical knowledge that is attached to the course. Some institutions focus more on this aspect and their course structure includes fieldwork, research, and internships that provide industrial exposure to the students of MBA in HRM and get them ready for their jobs.
MBA in Human Resource Management Scope
MBA in Human Resource Management scope ranges to various fields from educational institutions to corporates, from various industries to Multinational corporations. The role of HR is to recruit, train and retain the employees within an organisation. They also frame the company’s HR policy and make sure that the employees follow it accordingly. Every company requires an HR professional in order to manage the workforce which is one of the most important resources of an organisation. Hence, MBA in Human Resource Management scope is growing.
MBA in Human Resource Management scope includes the jobs of HR Generalist, Staffing Director, Technical Recruiter, Compensation Manager, Employee Relations Manager, etc. The jobs are based on the knowledge of the candidates and their experience in the fields. A candidate having an MBA in Human Resource Management gets placed in the directorial and senior-level management roles.
Universities that Offer MBA in HRM
Given below are some top universities that offer renowned MBA in HRM courses around the world.
|Cornell University||MBA Industrial and Labour Relations||USA|
|University of Illinois-Urbana Champaign||MBA Human Resources & Industrial Relations||USA|
|University of Wisconsin Madison||MBA Business Management & Human Resources||USA|
|The University of Queensland||Master of Business Major in Human Resource Management||Australia|
|Purdue University||MBA Human Resource Management||USA|
|Michigan State University||MBA Human Resource Management||USA|
|University of Pittsburgh||MBA Organisational Behaviour & Human Resource Management||USA|
|University of Sunderland||MBA Human Resource Management||UK|
MBA in Human Resource Management from Canada
Canada is one of the most preferred destinations for Indian students who want to study abroad. It has some of the highest-ranking institutes in the world which offer high-class education. It is one of the safest places for foreign students since Canadian society is rich in cultural diversity. Higher education in Canada is known for being quite flexible with regard to the course structure, attendance, etc. The course structure is more in a discussion format. The students form groups and the classes are conducted in seminar-style or lecture style. The institutions focus on increasing the knowledge base of the students by providing them with both theoretical as well as practical knowledge. Moreover, the economy of Canada is flourishing and there is a growth in the number of industries in the country which provide jobs to the students after completing their MBA in Human Resource Management from Canada.
Some of the prominent universities providing MBA in Human Resource Management from Canada are Brock University, University of Windsor, York University, University of Calgary, etc. The duration of study for the course ranges from 18 months to 24 months in different universities.
MBA in Human Resource Management in the UK
The UK also attracts a lot of international students owing to the modern facilities provided by its institutions. MBA in Human Resource Management in the UK creates higher earning potential for the management students. The course structure is designed in a way that develops leadership and management skills within the students and prepares them for the practical world. Certain universities also provide specialisation within the human resource on topics such as leading, mentoring, coaching, etc. Also, since there are both students as well as faculties from all over the world, it helps students a lot to build up good connections.
MBA in Human Resource Management in UK includes various internship programs which provide practical exposure to the students, thereby, making them ready for their industrial journey. UK is one of the leading nations in the banking sector and the students completing their MBA in Human Resource Management in the UK get ample opportunities to be recruited by the top banks in the United Kingdom.
The UK is home to some of the top universities for human resource management. Some of the universities in the UK from where one can pursue an MBA in Human Resource Management are the University of Bedfordshire, the University of Sunderland, the University of Richmond, Coventry University, etc.
MBA in Human Resource Management: Application & Admission
The application process at a university abroad comprises a multistep procedure along with a lot of patience. College admissions are carried out in cycles out of which the primary cycle usually starts in September/October and runs up to February/March of the next year. Also, note that scholarship applications open much earlier.
- Satisfy the basic eligibility requirements [Equivalent qualifying degree in any discipline, for instance, a ‘bachelor’s in business management, required industry experience, etc. as required].
- Submit scores of GRE/GMAT and/or IELTS/TOEFL/PTE Test Scores [as required]. For an MBA program, the GMAT is typically strongly recommended though GRE is also acceptable.
- Submit the complete Application [Passport, Statement of Purpose/Personal Statement, Two/Three letters of Recommendation, Transcripts, Experience Letter (if required), Financial Support Statement/Funding Essay (if applying for funding), etc.] Arrange all the materials before the deadline.
- Pay the requisite Application Fee.
- Personal Interview/Group Discussion/Writing Task [as required].
- The application will be confirmed, waitlisted or rejected usually within 2-3 months of applying. Keep checking the portal.
- Pay the required Tuition Fees within the given deadline.
- Fill the Student Visa Application.
MBA in Human Resource Management Fees
The MBA in Human Resource Management fees depends on the country from which the students are pursuing the course. Along with Canada and UK, other countries from where pursuing an MBA degree in Human Resource Management would help the students build up a good career are Germany, Australia, and Singapore. When we talk about the cost of pursuing a degree from any of these countries, we have to look at both the tuition fee of the university as well as the cost of living in that particular country. The cost of living in Germany and Singapore is comparatively lower as compared to the cost of living in the UK, Australia and Canada.
- The MBA in Human Resource Management fees in Canada ranges from 30,000 CAD to 1,00,000 CAD which is around Rs. 18,00,000 to Rs, 60,00,000.
- The fee for pursuing MBA in Human Resource Management in the UK ranges from Rs. 15,00,000 to Rs. 35,00,000.
- The MBA in Human Resource Management fees in Germany ranges from Rs. 8,00,000 to Rs. 70,00,000.
- The fees for MBA in Human Resource Management in Australia range from $56,000 to $97,500 which is around Rs. 33,00,000 to Rs. 56,20,000.
- The fee for MBA in Human Resource Management from Singapore is around Rs. 20,00,000 to Rs. 40,00,000.
MBA in Human Resource Management: FAQs
Here are some of the most common FAQs candidates have.
Is MBA in HR a Good Option?
The question that comes to the mind of the management students going into the human resource field is ‘Is MBA in HR a good option?’. The answer to the question is Yes. The Human Resource specialization is a great option to choose as a career as it builds various leadership qualities, communication skills, data handling skills and skills to maintain employee relations. Hence, MBA in HR is a good option as compared to the other streams of MBA as it provides greater and more regular job opportunities to the students.
The students who want to pursue a Master’s course in Human Resources also ask the question: Is MBA in HR a good option? or should they go for an M.A or M.S in HRM. The selection between an MBA in HRM and an M.A in H.R.M is to be based on the career goals of the students. Both of these courses provide the knowledge required to work in several HR positions, but MBA in HRM focuses more on the business aspect. An MBA in HRM degree focuses mainly on offering the basic business skills along with a specialisation in human resources to the students whereas, in the case of an M.A or M.S in HR, the main focus is on the human resource aspect only.
What is the Salary of MBA in HR?
Another question that the students who are going to pursue an MBA in HR ask is ‘What is the salary of MBA in HR?’. The average salary after pursuing an MBA in HR ranges from Rs. 4,00,000 LPA to Rs. 40,00,000 LPA. The answer to the question ‘What is the salary of MBA in HR?’ varies from one university to another and also varies based on the country from which the student has done his MBA in HRM. A student who has pursued the degree from an average institution within the country will get an average annual salary package of Rs. 4,00,000 LPA to Rs. 6,00,000 LPA whereas students pursuing MBA in HRM from reputed universities like the IIMs or XLRI often get an average salary package of around Rs. 20,00,000 LPA to Rs. 30,00,000 LPA.
Students who pursue their MBA in HRM from countries like Canada and UK and manage to get a job abroad have a higher salary than those working within the country. The average base salary for the students of the top 5 business schools for MBA in HR is between $82,500 to $109,000 with their graduates working for companies like Amazon, Accenture, Deloitte and KPMG. In Indian currency, their salary ranges from Rs. 60,00,000 LPA to Rs. 80,00,000 LPA. The average salary for an HR professional in Canada is around Rs. 50,00,000 LPA and that in UK is around Rs. 60,00,000 to Rs. 70,00,000. The average salary of a human resource manager in USA is around $97,477 which is around Rs. 70,00,000 LPA.
Is MBA in HR difficult?
The answer to the question ‘Is MBA in HR difficult?’ is very obvious that no course is easy. Students of MBA in HR need to focus on their theoretical knowledge and also sharpen their practical skills with respect to the knowledge gained. However, the course is quite interesting as one learns to deal with humans and study their perceptions and performances.
Another answer to the question ‘Is MBA in HR difficult?’ would be ‘Depends on the interest of the students.’ If a student is interested in studying the human aspect in relation to business studies, he/ she would find the course very interesting. Once, a student is interested and involved in his/ her course, he/ she will find it very easy to deal with.