Trust us on this one: A career in human resources can pay off big time.
Even though industries are said to be around 40% digitized on average, human resource management continues to remain an integral part of companies worldwide.
Prime focus of the HR departments is on the empowerment of individuals. As companies worldwide expand and globalize, the need for skilled human resource managers continues to rise.
According to the Bureau of Labor Statistics, the HR industry will experience 7% growth by 2028 which is faster than average. Fast-growing job market goes hand in hand with increased competition, so earning a master of business administration in human resource management can significantly increase your chances of landing the job.
Human resource managers play an important role in their organization’s growth as they are key for shaping its strategy and development. As they are required to understand the big picture, an 100% online MBA in human resource management is the right choice for gaining the necessary knowledge.
What Can You Learn in an MBA Human Resources Management Program?
The coursework of MBA in human resources management programs can vary from school to school, but in general, they cover topics such as recruiting, employee engagement, compensation and benefits packages, conflict resolution, and employment law.
When taking a 100% online MBA in human resource management program, your classes may cover topics like:
- Decision Making in Human Resources Management
- Employee Relations
- HR Management
- Labor Relations and HR
- Organizational Change
- Organizational Development
- Performance Management
- Problem Solving in HR
- Professional Development
- Strategic Human Resource Management
- Talent Management
- Training and Development
Graduates of an online MBA in human resources management programs are equally qualified to work all kinds of HR jobs as their peers who study on campus.
They also acquire the knowledge and management skills to step into positions outside their niche, usually project management, international business, operations management, and other areas.
What Are The Benefits of an MBA in Human Resource Management?
In today’s complex business world, agile professionals that can think outside the box and approach challenges with an analytical mindset are increasingly in demand. Businesses need experts that know how to leverage one of their greatest assets: Its talent.
A 100% online MBA in human resource management program will provide you with a skill set that goes beyond the competencies taught in traditional MBA or HR management master’s degree programs.
Earning an MBA in human resources management can give you more opportunities and expertise in areas such as employee relations, compensation, training, recruiting, and strategy. Most importantly, this MBA specialization can help you pursue senior manager positions.
Following are the five main advantages of an MBA in human resource management:
- Higher salary
- Additional job opportunities
- Preparation for leadership roles
- Personal growth
- Job stability
One of the most likely benefits of obtaining an MBA is increased income. According to the Bureau of Labor Statistics, students who specialize in human resources management can earn up to $116,720 on average per year, and the salary goes up for operations specialties managers. The same source states that pursuing this MBA specialization better positions students to hold upper-level positions in a company.
A 100% online MBA in human resource management can open doors to a lot of attractive job opportunities in the corporate sector. Available roles span from an HR generalist to HR manager, senior HR manager, VP of operations, or an HR director.
Each position has its own set of unique opportunities and challenges, further broadening your experience and helping you grow professionally as you move forward through your career.
By enrolling in an online MBA in human resource management program, you’ll have an opportunity to gain hands-on experience and in-depth knowledge of the industry, its trends, regulation changes, and improvement steps.
Unlike the bachelor’s degree roles that usually focus on day-to-day tasks, an MBA will prepare you for leadership roles, enabling you to make key decisions for the company.
Among many good reasons to invest in an MBA in human resource management, one stands out from the rest: Your personal growth. The courses you take will most likely be focused on understanding the trends and the reasons behind human actions rather than just focusing on procedures and regulations.
Your education will cover topics such as organizational psychology and workplace learning, teaching you how to help start a business and how to groom next human resource generalists. You will learn to focus on employee development and skill improvement rather than just hiring.
Obtaining a 100% online MBA in human resource management ensures you’ll have more opportunities for future job stability as you will gain the necessary skills and knowledge to help any company with their hiring and employee management needs. Your increased value will help you prevail even if economic conditions fail.
What Jobs Can You Get With an MBA in Human Resource Management?
The MBA in human resource management qualifies you to work in various organizations. Those who work in HR departments of healthcare organizations and financial institutions have the highest salary.
Bear in mind that compensation for HR positions in a state or federal government department, agency, or a non-profit organization, is lower than what you can earn in the private sector.
Possible roles for MBA in human resource management include:
- Human Resources Generalist
- Human Resources Manager
- Technical Recruiter
- Compensation Manager
- Director of HR Training and Development
- Employee Relations Manager
- Employment or Placement Manager
- Organizational development and change consultant
- Staffing Director
- Vice President of Human Resources
What is The Salary?
When it comes to an MBA in human resource management salary, the median salary for a human resource manager is around $116,000 per year. Those who work for large companies can make up to $148,000 per annum.
Compensation and benefits managers can expect to earn up to $151,000 annually, and the median salary for this position is approximately $89,200 per year. The highest MBA human resources salaries for this position can be obtained at securities brokerage firms, computer and equipment manufacturers, and scientific research companies.
The annual median salary of training and development managers is $89,000 per year, and the top earners can earn up to $149,000 per year.
Recruiting efficient stuff that maximizes profit and revenues is imperative for both renowned and emerging businesses. As ‘talent analysis’ is an in-demand skill, a human resource manager is a necessity and an asset to any organization.
Due to its high demand, the future of HR management could be outsourcing. Therefore, an 100% online MBA in human resource management is a lucrative study program that offers promising professional growth and numerous job opportunities.
If you want to learn new skills and level up your expertise, download our, and learn more about the program.
Don’t hesitate to contact us for any additional questions as we’ll be more than happy to help you.