An HR manager’s role is now no longer restricted to traditional HR functions as the parameters of industry interface and employee-employer relations change. Traditionally, the HR department was responsible for managing the organization’s human resources through employee relations, resource planning, and performance management. Recruitment, layoffs, training, and other personnel difficulties were common topics.
This function has now expanded to include profit and loss management, industrial and employee relations, ROI management, compensation delivery and decision-making, and auditing. As an HR professional, you must upskill yourself with an MBA in HR to perform all HR activities efficiently and successfully. This blog will look at the benefits of an MBA in HR and three top institutions for MBA in HR programs.
MBA in Human Resource
MBA in HR is a business specialization that helps produce HR professionals responsible for managing the organization’s workforce. Some duties of an HR department include developing the company’s culture among employees, hiring the best of the talents, and retaining them.
The MBA in HR program provides skills and training in these areas, allowing a professional or a group of professionals to provide the best possible service to employees and employers. After earning an MBA in HR, one can find various employment opportunities with an average annual salary of 360,000. The syllabus for the MBA in HR program includes the following topics:
- Management process
- Managerial Economics
- Organizational Behavior
- Strategic Management
- Entrepreneurship Development
- Managerial Communication
- Training and Development
- Resource Planning
- Human Resource Planning
- Business Ethics
- Corporate Social Responsibility
- Labor Laws
- Marketing Management
- Contemporary Employee Relations
- Compensation Management
- Human Resource Management
- Business Environment, etc.
Why Study MBA in HR?
This premier MBA program is for students who are passionate about their profession and want to keep staff morale high. It promises a high MBA income to those with the necessary MBA skills. An MBA in HR is a good option for people who wish to manage people. The following are some benefits of pursuing an MBA in HR:
- It gives you the chance to earn more money. After obtaining an MBA in HR, people can expect a raise of roughly 50%.
- After earning an MBA in HR, students choose to take a variety of courses or work as an HR director or manager in top firms throughout the world.
Admission Process To Pursue MBA In HR
Acquiring an MBA in HR is based on different entrance tests such as the CAT, SNAP, MAT, CMAT, and others. The admission process also takes merit into account. After passing the admission tests, students must participate in a group discussion and personal interview round to further screen candidates for the program.
- To pursue an MBA in HR, the student must choose the top universities and take the necessary entrance examinations.
- The student must study for the MBA admission exam and take it. The entrance exams are multiple-choice questions.
- MBA in HR colleges publish a cut-off list and then shortlist individuals based on their entrance exam scores.
- The final admission round includes a group discussion, a personal interview, and a written ability test. Then the final list of selected candidates is revealed, and students are given the admission acceptance letter.
3 Top Institutions For MBA In HR Management in India
- IIM Ranchi
- XLRI Jamshedpur
- MDI Gurgaon
1. Indian Institute of Management (IIM Ranchi)
IIM Ranchi was founded in 2009 with the assistance of the Government of Jharkhand and IIM Calcutta, under the direction of the Government of India and the Ministry of Education. It is one of the best places to get an MBA in HR because its faculty is highly qualified and has worked for leading corporations. The flagship MBA in Human Resource Management program is a full-time two-year HR program divided into six trimesters.
Important subjects covered in the course include corporate communications, operations, marketing, organizational structure, and business ethics. Aside from that, the college will teach students how to manage and train the organization’s human resources successfully. It combines strong ethical and social concerns with business acumen. This program is unique and among the top HR certifications due to its endeavor to foster such a wide commercial vision in human resource professionals. The following are the requirements for admission to IIM Ranchi:
- A recognized undergraduate degree
- CAT score, a personal interview, and a written ability test
2. Xavier Labor Relations Institute (XLRI Jamshedpur)
XLRI Jamshedpur is one of India’s oldest business management institutes. The institution was founded in 1949 and currently has an intake capacity of 60 students. Full-time management courses and corporate programs, as well as Virtual Interactive Learning (VIL) and part-time programs for working executives, are available at the college. It is one of the top choices for Human Resource Management students, with a placement rate of 100% and an average package of INR 30.73 lakh in 2022.
It offers an MBA in HR program for which students must pass an entrance exam and an interview process. It is a full-time program, spread over two years and divided into six trimesters.
The MBA in Human Resources is the Institute’s oldest and most respected educational program. Ranked as the top program in the Asia-Pacific area, it seeks to provide students with the skills required for managing Human Resources to aid the growth of companies and individuals. Organizational behavior, compensation management, human resource management, training and development, and other topics are covered in the XLRI Jamshedpur MBA in HR course. The following are the XLRI Jamshedpur eligibility requirements:
- XAT examination
- Personal interview and written ability test
- Undergraduate degree
3. Management Development Institute (MDI Gurgaon)
MDI Gurgaon is currently recognized as one of the best business management institutes. Established in 1973 by the Industrial Finance Corporation, it is known for producing quality HR managers and directors who work in top companies worldwide. The MBA in HR program by MDI Gurgaon is a unique HR program that focuses on practical knowledge and learning. It boasts a network of the best faculty members who have experience working in leading international and domestic companies.
The average placement for MDI Gurgaon was 19.2 lakh in 2022, while the highest package went up to 55 lakh. Companies like Coca-Cola, Asian Paints, Dabur, Godrej, and more came for placement. Eligibility criteria for MDI Gurgaon are as follows:
- XAT or CAT examination
- Undergraduate degree
- Personal interview and written ability test
Conclusion
Human Resources is undoubtedly the most important aspect of any firm because they manage personnel who directly impact job productivity. An MBA in Human Resources is a suitable educational program for students interested in management.
If you want to learn about more such top institutes and management tips, join our Seekho Select Membership to learn HR Management now, or download our app now!
You can also read our other blogs –
