MBA in Human Resource Management
There are several methods of succeeding in human resources. However, if you really want to be a leader within your organization, an advanced degree is the best choice. Both an MBA that has a focus in HR and an HR master’s degree will get you ready to take on human resources leadership positions within organizations in every industry imaginable: marketing firms, insurance companies, law firms, and more.
Graduates of master’s and MBA programs in HR go on to obtain such high-powered positions as vice president or director of HR and choose the direction of human resources procedures and policies in their companies.
Students in an MBA program that have a concentration in HR management may take classes in business concepts and strategies as well as business coaching, compensation management, benefits analysis, and corporate headhunting.
MBA programs in HR management usually involve learning about and creating advanced level reports, assignments, group projects, internships, and presentations. Such programs might be available in online, weekend only, or full-time formats, depending upon the school. Typically, programs take around two years to finish, although some may take less. A bachelor’s degree and firm academic background are needed to enroll in such programs.
As each track provides advanced training in HR, managerial theories and concepts, and an MBA that has a focus in HR is going to delve deeper into business operations, as well as assist you in playing a strategic part to advance organizational objectives, increase employee satisfaction, and improve employee performance.
The extremely specialized master’s in human resources helps you gain a solid foundation in global, strategic, and developmental human resources issues. A few key subjects that you will study include human resource planning, organizational change, international human resources, compensation, project management for human resources professionals, and organizational training. Whether you wish to pursue an M.S. (Master of Science) or M.A. (Master of Arts), you’ll acquire the skills and knowledge needed to succeed in the competitive workplace today.
Requirements for entry
In order to study a Masters in HR Management you will need to hold a related undergraduate degree. A few universities claim that they’d like your degree to be within a subject associated with management, while others are open to graduates of all academic backgrounds, especially if you’re able to demonstrate a solid level of interest in human resources. Most universities will accept students who don’t hold an undergraduate degree yet have extensive professional expertise in the industry.
HR managers may have various job tasks, from determining how a company ought to be staffed to making the selection between hiring from inside the corporation or using independent contractors. In addition, managers train and recruit employees and make sure that they’re high performers. An MBA in HR Management program graduate may work in positions including:
- Payroll director
- Affirmative action officer
- Human resource manager
Your masters in HR Management will equip you with the knowledge and skills to enter an array of specialized human resource careers and prepare you more broadly for management positions in all types of companies.
The most obvious career choice with a masters in HR Management, an HR manager works to make sure that human resource tasks in a company, like staff training and recruitment, are effectively handled and follow best practices. Human resource managers will require an excellent awareness of the corporation’s goals to hire the proper staff members, and also will handle staff welfare, effectively offering a link between management and employees. Popular careers in recruitment and human resources include:
Diversity and equality officer
If you possess an interest in diversity and equality, as well as how it relates to HR, you might want to pursue a career within this industry. You’ll implement your company’s diversity and equality policies, and work to avoid discrimination or negativity inside the workplace. An employer will highly value all relevant work experience that demonstrates your dedication to this area. Therefore, it might be useful to join a diversity and equality committee or associated society when at a university.
Development and training manager/officer
Development and training managers/officers oversee the professional development and learning of a corporation’s employees and seek to make sure that all staff members are equipped with the practical skills and knowledge necessary to do required tasks. Of course, this will considerably vary depending upon the field you work. As is the fact for all human resource careers, work expertise in any leadership-oriented role is beneficial for role entry.
If the Masters in HR Management has provided you a particular interest within the recruitment methods of companies, this career may suit you. A recruitment consultant works with client corporations to match and attract prospective staff members in permanent or temporary roles. As with most human resource careers, the role will require outstanding interpersonal and communication skills, and a capability of coping with pressure, as well as challenging briefs.
A management consultant uses their business skills to offer expert advice to assist organizations in improving their performance by solving problems, maximizing growth, and creating value. As a Masters in HR Management graduate, you might provide specialized consultancy upon HR-oriented issues. You also are likely to require solid analytical and numerical skills for this role that might involve advising companies in a broad array of industries.
According to the United States Bureau of Labor Statistics, general HR manager employment is expected to increase nine percent over the 2014 to 2024 period. The United States Bureau of Labor Statistics stated that average earnings for such managers was $104,440 in May of 2015. Faster than average growth of six percent is expected for benefits and compensation managers from 2014 to 2024, and faster than average growth of seven percent is reported for development and training managers for the exact same period. Benefits and compensation managers received average wages of $111,430 in May of 2015 and development and training managers received average earnings of $102,640.
The MBA in HR curriculum usually involves corporate business and management strategies, organizational design and behavior, ethical leadership, as well as detailed human resource concepts as they’re related to general management. You will take core classes in macroeconomics, accounting, marketing, financial management, and much more. Then, you’ll specialize in HR with your elective classes.
Usually, coursework for HR master’s degrees involves in-depth studies of human resource subsystems, which include legal issues within the workplace, benefits and compensation, and training and recruitment. In addition, students take courses that cover strategic and leadership management concepts, organizational psychology and design. What you’ll learn in a master’s in HR will assist you in addressing the necessity for strategic management within the modern workforce. You will tackle a broad array of subjects which include diversity, employee retention, career development, the global economy, incentives, performance management, and new technologies.
Plus, since universities and colleges countrywide know that folks who pursue advanced degrees often are working professionals, they provide many options online and flexible schedules. Those include blended programs where students may do a lot of the work on the internet then meet occasionally on campus with additional like-minded students.
Typically, coursework will involve basic business concepts and HR-specific subjects. Students may be taught business strategies, as well as learn to utilize them in daily business operations. Subjects covered within a program may include:
- Organizational development
- Finance management
- Business analysis
Common specializations provided in masters in HR Management classes include:
Employment law Specializations
Critical for all companies, this specialization concentrate on the laws that affect HR management, and practices for making sure of compliance with every relevant regulation. A few universities provide this specialization along with an international outlook, whereas other ones will concentrate in-depth on the labor laws of a certain country – typically the country where the university is located.
A key part of human resource careers is assisting companies in effectively attracting, retaining and nurturing skills and talents. Within this specialization, you will explore a variety of approaches to management and resourcing talent, and the impact it may have on company success. You will consider issues like developing and identifying talent, downsizing, managing turnover, building human capital, and safety and health in the work place.
Sometimes, this specialization is discovered as a compulsory module within master’s in Human Development classes, yet also is oftentimes provided as an optional specialization. You’ll gain a crucial understanding, typically with a global concentration, of the ways where equal opportunities rules have the goal of ensuring every employee (or prospective employee) is treated equally irrespective of gender, age, sexuality or additional personal factors.
Comparative industrial relations
Within this specialization, you will approach HR in an international context, and develop knowledge of the increasing importance of worldwide industrial relations for the ones in human resource careers. You will learn about various practices in human resources and business operations and obtain knowledge of how they’re influenced by economic and social factors.
Additional popular human resource specializations include development and training, occupational psychology, reward management strategy, HR issues in outsourcing, employee engagement, and management and leadership development.
Tuition and Fees
Tuition rates vary. However, some provide tuition discounts for United States service members, both part time and full time, and the spouses of the ones on active duty. Costs range depending upon the school, length of the program, if you have any transfer credits and other factors so it is important to work with an admissions specialist to determine your specific situation.