Human capital plays a crucial role in developing strategic decisions and performing tasks to achieve organisational goals. Hence, attracting the right talent, providing the tools, and creating a conducive work environment for employees to thrive is essential. Therefore, the Human Resource Management MBA study program is in demand. If you want to know about the MBA HR degree in detail, this guide is for you. So, let’s dive in.

Key Highlights:

• Why should you pursue an MBA in Human Resources?
• What does an MBA in HR management coursework cover?
• Best colleges for MBA in Human Resource Management
• Eligibility criteria for MBA in HR management
• MBA HR course details for the college admission process
• Career avenues after Human Resource Management MBA
• MBA in HR fees
• How can students finance an MBA HR degree

Why should you pursue an MBA in Human Resources?

• To develop comprehensive HR management skills to build a successful career in the HR domain.
• You learn to execute plans keeping in mind all the stakeholders of the organisation, in addition to the employees.
• The HR career avenue is not only in demand but also highly lucrative.

What does an MBA in HR management coursework cover?

Recruiting the right talent, providing product and process-related training, compensation & benefits, labour laws, and employee engagement are a few aspects that come under the purview of Human Resources. The study program will officially introduce you to some of these crucial elements. The duration of the program can be 1-4 years, depending on the university, and semesters will be held half-yearly or annually. Some business schools will provide exposure through projects, presentations, field studies, internships and more to develop your understanding of real-world experiences.
Some interesting subjects an MBA in Human Resources will include:

• Management Process and Organisation Theory
• Organisational Management
• Financial Management
• Manpower Planning and Resourcing
• Managerial Economics
• Research Methodology
• Marketing Management
• Compensation Benefits, Performance Management and Appraisal
• Talent Management, Employee Relations and Change Management
• Strategic Management
• Entrepreneurship Development
• Labour Laws
• Employment Relations
• Quantitative Techniques in Human Resource

Best colleges for MBA in Human Resource Management

Building a robust career will always depend on your chosen study program and university. So check if your chosen B-school’s curriculum aligns with your previous academic qualifications and future career goals. Here are some of the best colleges for MBA in HR:

The US

• Stanford University 
• University of California Berkeley
• University of Chicago
• Purdue University
• Michigan State University
• University of Illinois

The UK

• Coventry University
• University of Hertfordshire
• Heriot-Watt University
• University of Bedfordshire
• Edge Hill University

Canada

• University of Calgary
• University of British Columbia
• Vancouver Island University
• University of Victoria
• McGill University

Australia

• University of Melbourne
• Western Sydney University
• University of Sydney
• Victoria University
• The University of Newcastle 
• University of Canberra

Eligibility criteria for MBA in HR management

• To pursue a master’s degree in business management, you should be ready with your bachelor’s degree.
• To pursue an MBA course at a study abroad destination, you need to appear for entrance exams such as:
  • Any one of the following English proficiency tests
    • International English Language Testing System (IELTS)
    • Test of English as a Foreign Language (TOEFL)
    • Duolingo English Test (DET)
    • Pearson Test of English (PTE)
  • Any one of the following standardised exams:
    • Graduate Record Examination (GRE)
    • Graduate Management Admission Test (GMAT)

MBA HR course details for the college admission process

• Conduct thorough research to find the right business school and study program.
• Refer to the university-specific application and admission criteria to clear the required entrance exams.
• Be ready with a Statement of Purpose (SOP), Letter of Recommendation (LOR), resume and other necessary documents.  
• Apply to the university of your choice by visiting their website.
• Once selected, you will receive the letter of acceptance from your B-school.

Career avenues after Human Resource Management MBA

• Technical Recruiter
• Human Resource Generalist
• Compensation Manager
• Employees Relations Manager
• Training and Development
• Human Resources Consultant
• Chief Human Resources Officer

MBA in HR fees

• The course fees will vary depending on the duration of the course and the chosen university. An MBA program can cost between 5,00,000 and 25,00,000 per annum.

How can students finance an MBA HR degree

Don’t let the cost of education become a roadblock in your academic journey. Did you know many students choose to finance their education independently by opting for education loans? You can also apply for student loan to earn a self-made badge.
At Avanse Financial Services, we offer education loans that cover the holistic cost of education, including tuition fees, accommodation costs, travelling expenses, cost of learning devices, living costs and other educational expenses. If you want to know about student loan interest rates, application process, documents required, etc., please contact us today. We will be glad to assist you.