A master’s degree in business administration is a globally recognized professional credential. It provides extensive theoretical knowledge of business and management issues. It also provides skills for effective and efficient management of commercial organizations through practical training. Apart from the private sector, the program’s scope has gradually expanded to include the public sector, government sector, service industry, and so on. Finance, Human Resources, Marketing, International Business, Information Technology, Supply Chain Management, and other specialist disciplines are all available After an MBA.
MBA in Human Resources is among the most popular and sought-after concentrations among the aforementioned specialties. From a professional standpoint, MBA in Human Resources is the next big thing. The course’s one-of-a-kindness is one of its most advantageous features. There aren’t many courses that can be used in place of the HR course. This means that if a company is seeking a candidate for a Human Resource position, MBA in HR is the sole option.
In terms of pay, the range starts at 2 lakhs and can go up to 20-25 lakhs, depending on your experience and competence.
In the sector, there are several major HR domains.
1. HR Generalist:
The Generalist profile encompasses nearly all of HR’s core duties. The domain isn’t focused on a single function. Hiring, training development, compensation, and grievance handling are just a few of the responsibilities of a Human Resource Generalist. It lacks in-depth knowledge of any specialized field. The majority of generalist profiles are offered by medium to small-scale organizations.
2. HR Specialist:
The job profile in this domain will be focused on a specific function. It has experience in that area, but it lacks understanding in other critical areas of HR. This profile is available in companies ranging in size from large to medium. The following are some of the most common job titles in the HR specialist field:
· Hiring Head/ Recruitment Head/ Technical Hirer
· Training & Development Manager
· Relationship Manager- HR
· Consultant
· HR Advisor & many more.
3. HR Consultant:
This position requires extensive knowledge and experience in human resource management. It is concerned with long-term planning (forecasting) or problem resolution. The job description promises a good salary after completion, however, it is a difficult task. It is the most specialized domain, and it is primarily provided by industry behemoths. It is one of the good possibilities if you wish to establish your own business after acquiring a respectable 10-15 years of expertise. Many businesses, regardless of size, outsource their HR functions to HR consultants who are regarded to be experts in their fields.
4. HR Technologist:
This field is concerned with the technological components of the Human Resource department, such as maintaining ERPs or providing other technical assistance to an organization’s HR department. One must have a technical background in order to do this.
5. Counselors:
The sector necessitates more psychological knowledge, as well as HR expertise, fieldwork, and skills. The profile is offered by large-scale organizations and industry heavyweights.
A course in human resources will open several doors to future opportunities. However, only perseverance and love for work, as well as knowledge, are required for success.
