Unlocking Potential: The Expansive Scope of MBA in HR

In the business world, choosing a center for MBA (Scope of MBA in HR) studies is an important decision. One attractive path is the specialization in human resources (HR), which has evolved beyond the usual tasks. Today, human resources play an important role in companies that go far beyond administrative tasks. Acts as a bridge between people and business success.

The key to an MBA lies in HR. The business world is undergoing a major transformation, and at the heart of it is the renaissance of human resources. Today, human resources is more than just managing people. This includes aligning talent, enhancing employee engagement, promoting diversity and inclusion, and aligning business strategy and human capital. This paradigm shift has elevated HR from a support function to a strategic partner in an organization’s success.

Is HR a favorable specialization in an MBA? The answer is a resounding yes. The increasing significance of HR in contemporary organizations emphasizes the necessity for professionals who are not only skilled in managing people but also equipped with business acumen. An MBA specialization in HR equips you with a robust skill set that transcends boundaries and provides you with the tools required to excel in the intricate world of modern business.

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Unlocking Potential: The Expansive Scope of MBA in HR

What is an MBA in HR?

MBA in Human Resources, or MBA in HR, is a two-year-long post-graduate program that is designed to teach how to manage the workforce. The course includes making a company’s values, setting the vision, and making sure that every employee of the company works according to the company’s systems.

With an increasing number of startups, the demand for MBAs in HR has also increased. Even small-sized companies are now hiring skilled HRs as they have recognized their value in the company’s growth. As a result, the average salary of HRs has also increased in the past few years.

Here is a list of some other key facts about the MBA in HR course that you should know about before getting admission to the course:

• MBAs in HR can work in every industry, namely banking, tech, real estate, education, and so on.
• The course can be completed in both online and offline modes.
• Just like other MBA specializations, one has to clear entrance tests such as CAT, MAT, XAT, etc. to get enrolled in the MBA HR specialization.
• The average salary for an MBA in HR in our country is about seven and a half lakhs per annum.

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Scope of MBA in HR: Syllabus

Studying an MBA in HR, you will become familiar with how organizations operate as well as the key processes of employee management, recruitment, training, development, organizational development, and much more. Take a look at the MBA in HR syllabus to learn more about the subjects you will get to study:

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Career Scope of MBA in HR

As already mentioned, job opportunities in this sphere are vast. The reason behind this is that all industries need to hire an HR administrator(s) to settle and handle the activities regarding the hiring of employees, their benefits, compensation, salary settlement, training & development, and maintain the work performance of the personnel, and ensure that all activities are done as per the company policy. An MBA in HR graduate can work in industries, corporations, colleges & schools, and MNCs. There are a sufficient number of jobs in India, and of course, there is a great opportunity to work abroad.

Here are the major job profiles in the field of MBA in Human Resources:

• HR Generalist
• Staffing Director
• Technical Recruiter
• Compensation Manager
• Employee Relations Manager
• Employment or Placement Manager
• Director of HR Training and Development
• Organizational development and change consultant

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Essential Skills You Develop After Completing an MBA in HR

• Effective communication and interpersonal skills are essential for building positive relationships with clients and employees.
• Project management expertise to plan and deliver HR projects efficiently.
• Analytical and problem-solving skills are needed to address complex HR issues using data-driven approaches.
• In-depth knowledge of HR best practices, enabling effective strategy implementation.
• Understanding the business context provides valuable insights and aligns HR with organizational goals.
• Market and talent acquisition expertise for effective recruitment and talent management.
• Strong leadership skills to coach, mentor, and create a positive work environment.
• Data analysis is needed to make informed decisions about HR practices.
• Strategic planning for aligning HR plans with organizational goals.
• Conflict resolution skills for managing employee conflicts effectively.

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Top Job Positions You Can Take After Completing MBA in HR

1. HR Specialist: They provide support to HR managers and other professionals in various HR areas such as recruiting, onboarding, training, and compensation.
2. HR Manager: HR managers oversee the HR function within an organization, including developing and implementing HR policies, managing HR staff, and ensuring compliance with regulations.
3. Employee Relations Manager: In this job role, one handles employee complaints, conflicts, and disputes to maintain a positive work environment and promote effective employee relations.

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Common Subjects Included in the Curriculum of an MBA in HR

Human Resource Management

HR management explores the fundamentals of workforce management, equipping students with the knowledge and skills to effectively manage and develop an organization’s human capital.

Marketing Management

This subject provides an understanding of the various aspects of the market and how to effectively promote products or services.

Accounting and Finance for Managers

Provides students with the knowledge and skills to effectively manage a company’s finances. This includes topics like financial statement analysis, budgeting, and financial decision-making.

Managerial Economics

This subject focuses on the planning phase of a business and helps students learn how to forecast demand, manage supply and demand, and set long-term business goals based on economic principles.

Industrial Relations Management

The responsibility here is to maintain harmonious relationships with various stakeholders in the industry. This includes labor laws, collective bargaining, and conflict resolution.

Compensation Management

This is crucial for understanding the workforce’s salary, wages, incentives, and fringe benefits. It includes topics such as compensation structures, performance-based pay, and employee benefits administration.

In addition to these core subjects, the scope of an MBA in HR, in terms of the curriculum, may also include electives such as organizational behavior, strategic human resource management, and global human resource management. These electives allow students to specialize in a particular area of HR or to gain a broader understanding of the field.

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Salary: Scope of MBA in HR

The major highlight of an MBA is the salary package offered by companies. With the increasing scope of MBA in HR and high demand, freshers start with earning 3-5 LPA in their initial years. After gaining experience, people can earn up to 3–6 LPA and this amount may reach 24 lakhs p.a. The salary you’ll earn depends upon numerous factors, like the organizations you work for, work experience, company location, academic background, etc.

So this was all about the scope of an MBA in HR. We hope you’ve understood the details. If you have doubts and want to clear them out, do leave them in the comments below. You can also consult our counselors at ‘ITM College, Lucknow’ for your study plans abroad. Subscribe to our newsletter and connect with us on Instagram, Facebook, Twitter, LinkedIn, YouTube, and Pinterest.

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Conclusion: Scope of MBA in HR

In conclusion, an MBA in HR from a reputable institution like ITM College, Lucknow, can be a transformative experience. This program equips you with the knowledge and skills to go beyond traditional HR functions and become a strategic leader. You’ll gain a strong foundation in business, coupled with expertise in talent management, change management, and the latest HR practices. ITM College’s program can also help you develop a specialization to further refine your expertise and open doors to exciting career opportunities.

The program’s network of peers, professors, and alumni will provide invaluable support and connections throughout your HR journey. By investing in an MBA in HR from ITM College, Lucknow, you’ll unlock your potential to become a well-rounded HR professional who can make a lasting impact on any organization.

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