Human Resource i.e. the employees of any company form the core of a company who are responsible and capable of utilizing all other material resources of a company to help the company reach its optimum level. People who handle the human resources are the people who earn a management degree in HR. These are the people who facilitate employer-employee relationship. Thus, an MBA in HR, is a job that every company would necessarily employee. As the size of a company takes of, so does the responsibility of an HR.
To sum up in three points, an employee with a MBA in HR is responsible for following functions:
- To screen and recruit employees.
- To train the employees before their final contract.
- To administer and manage on-the-job benefits of the employee.
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A person with a management degree in HR is capable of handling many areas of the entire HR department. These are the areas like employee-employer relationship, team building functions, free fair recruitment process, smooth function of work, et al. Some of the job positions that a graduate can handle are as follows:
- Human Resource Manager
- Employee Education Consultant
- Compensation and benefits manager
- Executive Recruiter
- HR Consultant
- Non-profit Human Resources Expert
- Training & Development Manager.
Every medium and large scale company requires a Management graduate in Human Resource Management. But the value of an MBA (HR) increases with an increase in the size of a firm. Some of the top recruiters in India are as follows:
- McKinsey & Company.
- Boston Consulting Group.
- ABC Consultants
- Tata Group
- Vodafone Inc.
- Google Inc.
- Ernest & Young
Other than that Agencies, Consultancy firms, Advertisement firms, RPOs are some of the places that also recruit people with a degree of MBA in HR.
Salary of an HR person varies from his job profile, expertise in a particular field and to the size of a company. For instance an HR manager in India is usually paid less than a training and development manager since the latter boasts of higher experience and knowledge which is why he trains the upcoming talent and creates a brighter future. Average salary of the former is ₹6,13,085 per year while for the latter is ₹8,37,584 in Multi-national Corporations. This salary also depends on the academic institution from which you pursue your degree.
An average salary for an MBA in HR in India ranges from ₹2, 43,502 – ₹15, 05,077 per year, depending on your experience and expertise.
Where to Pursue a MBA in HR?
Like any other MBA degree, an aspirant needs to have a graduate degree with a minimum of 50 per cent marks. making him eligible for every elite management entrance exam. Following are the few entrance exams that help you qualify for admission in top Management schools:
- MAT (Management Aptitude Test)
- CAT (Common Aptitude Test)
- SNAP (Symbiosis National Aptitude Test)
- XAT (Xaviers Aptitude Test)
- IIFT (Indian Institute of Foreign Trade) Exam
After passing the exam, a Group Discussion and a Personal Interview is conducted. These are the other two layers to qualify for a B-School. For these two levels, a student needs to have a combination of communication skills, planning skills, and especially supervision skills. These are key skills for an effective HR Manager.
Some of the top colleges in the country that offer top-notch degrees in HRM are as follows:
- XLRI (Xavier’s Labour Relations Institute),
- Tata Institute of Social Sciences,
- Narsee Monjee Institute of Management Studies,
- Xaviers Institute of Social Services
- Indian Institute of Social Welfare and Business Management
A degree in HRM is even better if one can get a scholarship abroad. Many institutes in Germany, Australia, UK, USA, China, France, etc offer scholarships to Indian students. Some of the popular and sought-after institutes that offer a Masters’ degree in HRM are as follows:
- Stanford University
- Northwestern University
- Purdue University
- European Union Business School, Spain
- Management School, University of Liverpool
- Central Michigan University
- University of New Castle
Some Famous MBAs in Human Resource
Felicia Fields: Currently the Vice President of Human Resources Department at Ford Motor Company, Fields joined the firm as a trainee after completing her Masters in business management from Central Michigan University. Today, she is one of the top HR managers the world has seen and also an award winning manager for the year 2007 that was handed over by from Women Worth Watching.
Kate Holmes: After being part of major groups like Microsoft and PepsiCo in the Human Resource department, Holmes joined Starbucks as the head of its HR department, her position is officially called executive vice president of partner resources. Holmes pursued a Master’s degree and a PhD in industrial and organizational psychology which is equivalent to a degree in Human resources. For an expertise in the field, she is also part of executive board for the Center for Human Resource Management at the University of Illinois.
Like any other Management position holder, a person with a degree in MBA HR also reaches the C-suite position for instance of a Vice President. Hence the job growth is immense in this field.
A good HR handles the functioning of the company’s core hence the position is strategic and demands expertise.
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