MBA in Human Resource: Careers, Market Trend, Growth, Salary & Top B-Schools
Human Resource is an integral part of every company. An MBA in Human resource equips graduates with the knowledge to maintain the workflow of an organization. An HR manager is responsible for managing the company culture as well as ensuring the welfare of the employees.
MBA in Human Resource has always been one of the most popular specializations in MBA. To get admission in MBA Human resource you can appear in any of the major entrance exams for MBA like CAT, XAT, SNAP, MAT etc.
A job in Human resource includes the process of hiring, training and managing employees for an organization. HR specialization offers lucrative packages and senior-level management positions.
Table of Contents
- MBA in Human Resource: Overview
- MBA in Human Resource: Market Growth and Trends
- MBA HRM Course Content
- Jobs after MBA in Human Resource
- Salary of HR professionals
- Top Recruiters for MBA in Human Resource
- Top Colleges that offer MBA in Human Resource
- Top Colleges in Bangalore offering MBA in HRM
- Career Opportunities
- FAQs
MBA in Human Resource: Overview
According to Aon data shared exclusively with Economic Times, students at Indian Institutes of Management (IIMs) and other top MBA in Human Resources Management colleges in India will earn 6.4% more annually in 2022 than just four years earlier.
A wide range of industries, including edtech, consulting, and manufacturing, are hiring this year. According to the recent Manpower survey hiring intent is at a nearly eight-year high for the current quarter. Demand for MBA in HR professionals will be high in these fields in the coming year.
MBA in Human Resource: Market Growth and Trends
- As discussed, HR is the most integral part of an organization. Thus every organization needs human resource graduates. This makes the demand for Human Resource Management graduates consistent.
- Small and mid-sized first to multinational corporations all have opportunities for HR managers, giving graduates a wide range of options.
- The Hindu, in its article, mentioned that The U.S. News & World Report ranked HR specialist at #17 among 100 Best Jobs overall for 2020, in their list of best business jobs.
- As MBA graduates are often hired at directorial and senior-level management roles, job opportunities are most often very lucrative.
- Common job roles for HR professionals are HR generalist, HR managers, VP of operations, HR Director, etc.
- Top companies hiring HR professionals are Aditya Birla Group, L&T, Accenture, BPCL, HUL, Reliance, HDFC, Tata etc
- According to this article published in The Times of India, India has the second largest pool of MBAs in the world.
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MBA HRM Course Content
- MBA in Human Resource Management is a 2-year degree.
- The MBA in HR syllabus is divided into 4 semesters
- Skills such as communication, conflict management, problem-solving etc. give an edge in the field of Human Resource.
Major topics in the syllabus of HRM include:
Here is an MBA HR Syllabus:
Finance and Accounts | Economics | Operations Management |
Communication | Marketing | Human Resource Management |
Organizational Behaviour | Industrial relations Law | Fundamentals of HR Management |
Fundamentals of Industrial Relations | Fundamental of Labour Law | Human Resource Planning |
Human Resource Planning |
MBA in Human Resource: Jobs after MBA in Human Resource
- Commonly offered job to HR professionals are – Talent Acquisition, HR Manager- Training, HR Manager- Compliance, HR Professor etc.
- Job roles may differ slightly based on what specific role you hold. For example:
- As an HR Manager – Talent acquisition you will plan, develop and oversee the recruitment process for the company. You will also be responsible for the overall talent acquisition strategy of the company.’
- As an HR Manager – Compliance, you will be responsible for tackling any compliance or statutory issues, ensuring adherence to legal standards and in house policies etc.
- HR Professor- As an HR professor you will have the responsibility of bringing quality education to the students of the college
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MBA in Human Resource: Salary of HR professionals
As of January 2022, BIMTECH Greater Noida has conducted 100% placements for its 2020-22 batches, increasing the average salary by 16.23% to Rs. 9.38 LPA from Rs. 8.07 LPA last year. From last year, the highest domestic salary was Rs.16 LPA, and the highest international salary is Rs.24.67 LPA in placement 2022. Top MBA in Human Resource recruiters include Bayin Capability, Gartner, Deloitte, EY, KPMG, and PwC.
According to the Payscale recent salary report 2022 for MBA in HR professionals, an average salary for an entry level salary of a Master of Business Administrator in Human Resources is – INR 809,425. An average salary varies from HR jobs by title.
Salary of HR professionals:
- As per this report, the current salary of an HR manager is 884K/yr on average, in India.
- The salary also varies as per the designation and company.
- Salary of an entry-level talent acquisition manager with < 1-year exp. Can expect an average salary of about 3.5 LPA.
- Whereas an HR professor can earn an average salary of Rs 2-3 LPA.
MBA in Human Resource: Top Recruiters for MBA in Human Resource
The top companies which offer MBA in Human Resource are:
- Reliance
- KPMG
- Wipro
- Deutsche Bank
- L’Oreal
- Larsen & Turbo
Top Colleges that offer MBA in Human Resource
The top colleges which offer MBA in Human Resource are:
- CMS Business School, Jain (Deemed-to-be University)
- Acharya Bangalore B School (ABBS)
- ISBR Business School
- Institute of Business Management and Research – International Business School Bangalore
- WeSchool, Bangalore
- Institute of Business Management and Research – International Business School Bangalore
Top Colleges in Bangalore offering MBA in HRM
Below are some of the Best MBA colleges in Bangalore offering an MBA in HRM:
- IIM Bangalore: Indian Insitute of Management – Central Government Autonomous Institute
- TAPMI Manipal: TA Pai Management Insitute – AICTE approved PGDM College
- SIBM Bangalore: Symbiosis Insitute of Buisness Management -Symbiosis International University (SIU) Pune MBA College
- Amrita School of Buisness Bengaluru
- Amrita Vishwa Vidyapeetham University, Bengaluru
- XIME Bangalore: Xavier Institute of Management and Entrepreneurship
- Christ Univesity Bengaluru: Institute of Management
- Christ University Bangalore MBA College
- Alliance School of Buisness- Alliance University
- Alliance University Bangalore MBA College
- JAGSOM Bangalore: Jagdish Sheth School of Management Bangalore
MBA in Human Resource Management: Career Opportunities
For those with an MBA in Human Resources, there are many job opportunities. Working in the HR field means being a part of a team that forms the backbone of the organization or a company. HR professionals with MBA degrees can work both in the public and private sectors. Additionally, they may work in banking, industries, educational institutions, and multinational corporations. Furthermore, those who are interested in teaching can become professors at B-schools. Candidates may also pursue a Fellow programme in Management (FPM) and carry out research in the field.
FAQs
What does an MBA in HR do?
It focuses on employee recruiting, management, and offering direction and advice.
What is the salary for an MBA HR fresher?
For a fresher, an average annual salary ranges between INR 2 Lakhs to INR 17.9 Lakhs. Salary package depends upon the MBA College you have graduated from and its placement records.
What are the types of MBA in HR?
MBA in HR is available in the following modes:
- Full-Time MBA in HR
- One Year MBA in HR
- Online MBA in HR
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