Do you wish to pursue a career in Human Resources? According to the Occupational Outlook Handbook by the U.S. Bureau of Labor Statistics, hiring for HR specialists is projected to increase by 8% between 2021 and 2031; this is faster than the average for all lines of work. With the increasing adoption of automation in HR, the future of jobs looks promising.
However, which course should you take up – MBA in HR Management or a Master’s degree in Human Relations? We’ll help you understand each course’s key differences and outcomes.
MBA in Human Resource Management
An MBA is one of the most sought-after degrees by graduates who may also be working professionals. HR professionals or freshers take up MBA in HR management for a deeper understanding of their specialisation. The objective is to help organisations grow and leverage human resources to boost organisational agility.
An MBA in HR Management (HRM) equips you with the technical skills and business concepts focused on management, business, finance and entrepreneurship, with far more training in financial accounting, strategic marketing, and supply chain management. The focus is on equipping students to align HR management principles with business strategy.
The program helps you develop the competencies needed in today’s business scenario. It also helps you understand the impact of economic processes, business analysis and performance management. You also learn to understand customers and markets, process integration and risk management besides leadership and higher cognitive functions.
A Bachelor’s degree in any discipline from a recognised University with a minimum of 50% marks.
A Bachelor’s degree in any discipline from a recognised University with less than 50% marks and 2 years of work experience.
- It enables you to identify suitable candidates for a role.
- Teaches you to manage human resources with rewards and recognition.
- It allows you to align talent management with organisational benefits.
- It helps you to fill the gap between expectations and results between employees and employers.
Master’s Degree In Human Relations
While you gain business insights by pursuing an MBA in HR management, a Master’s degree in Human Relations is right for you if you are passionate about the sector and want to focus on specific areas. You’ll be studying many of the same subjects as students of MBA in HRM do, but you’ll double down on them with more focused classes such as leadership, positive organisational development and employment law.
You need a Bachelor’s degree in Human Resources or a closely related field with a minimum of 50%-55% marks.
- It prepares you to evaluate HRM practices in a global context.
- You learn how to manage and encourage employee development.
- You can work on improving relationships between employees and the organisation.
- It helps you analyse operational, financial and strategic plans.
- Enables you to make data-driven, legal and ethical decisions when formulating HRM policies.
- Empowers you to deploy analytics and reporting technologies for HRM.