An MBA degree is a steppingstone to earning a bright future in management. It leads to a successful career prospect for those who love to indulge themselves in the management process.
MBA provides vast knowledge about how to start an enterprise and manage to lead a successful business.
However, MBA carries various sectoral knowledge, and one can pursue an MBA degree in multiple segments like hospital and healthcare management, human resource, and other degrees.
As there is an increase in the demand for jobs, there are broad prospects for human resource management skills.
Therefore, an MBA in Human Resource Management provides vast scope for students. But do you know what human resource management is?
What is an MBA in Human Resource Management?
MBA in Human Resource Management, also known as an MBA in HR management, provides insights into how to handle the staff in an organization.
It imparts training and knowledge about managing the team effectively for efficient service in the business—organizations with skill sets, vision, mission, norms, structures, methodologies, etc.
So, the HR expert is designated to uphold such ideas, hire persons who can move the business ideas forward, and provide expert nurturing facilities to the new talents.
The primary function of an HR is to take care of the values of their employees and to make them satisfied with the business environment, as the employees are considered one of the most critical assets for the organization.
Therefore, such management requires exceptional skills, and thus an MBA in Human Resource Management is an essential course to learn such skills.
Scope of MBA in Human Resource Management in India
Businesses are required to hire exceptional talents in their organization; therefore, they rely on the Human Resource Management team to choose the best skills for the organization.
According to the research, around 18% of businesses prefer to hire the best recent graduate talents with the help of human resource managers.
As there is an increase in the demand for jobs and businesses are also indulging in providing such positions, they require human resource managers who can bring the best and exceptional talents to their organization.
HR's scope is not limited to the hiring procedure; it also moves to looking at and managing all the required rules and regulations for employee satisfaction.
Therefore, an MBA in HR management is essential to be a part of this fantastic journey of Human Resource Management.
Fees of MBA in Human Resource Management in India.
MBA in Human Resource Management is a two-year course. There are various eligibility levels in this course; therefore, candidates have to appear for at least one national-level entrance exam to get a seat in reputed institutions.
However, the primary question of a student for an MBA course is its fees, but the fees differ as per the institution and its course features.
However, the average fee for an MBA in human resource management in India is around three lakhs to 10 lakhs per year.
This may differ as per the institution's features and its activities for the students.
But the fees are in this range, and students can enroll for better career opportunities in the MBA Human Resource Management course.
Syllabus of MBA in Human Resource Management in India
The syllabus for MBA in Human Resource Management in India is generally divided into four semesters.
The general subjects for these four semesters include management process, accounting and finance, human capital management, organization theory, and research methodology.
The syllabus is designed in such a way to provide complete knowledge about Human Resource Management and how to excel in this field with effective management.
The detailed syllabus of the MBA in Human Resource Management is as follows:
- Accounting and Finance for Managers
- Corporate Communication
- Human Resource Management
- Managerial Economics
- Marketing Management
- Operations Management
- Principles of Management and Organisational Behaviour
- Quantitative Techniques for Management
- Research Methods for Management
- Business Environment and Ethics
- Compensation Management
- Human Resource Development and Planning
- Industrial Relations Management
- Methodology of Training and Development
- Organisational Development
- Performance Management: Systems and strategies
- Personal Management Concepts
- Strategic Management
MBA in Human Resource Management has excellent scope as there is a need for effective management of employee hiring procedure, their satisfaction, contribution to business performance, and various such requirements which demands more people in Human Resource management.
So, an MBA in Human Resource Management would be a specialized course with vast opportunities to learn in the Human Resource management field.
The MBA Human Resource Management syllabus also covers a wide range of management courses to provide specialized knowledge in management.