No business can get very far without taking care of its human capital.
Big company or a small one, the challenge to keep the workplace highly productive remains the same. An online MBA in HR will help you ensure that the interests of the individual and the company align.
Whether you’re looking to take on a role of a human resources specialist, or looking to advance beyond the program level, MBA’s are in good standing as they are among the top-ranked graduate degrees worldwide.
This classic quote from the former AlliedSignal CEO couldn’t be more accurate as the candidate experience is crucial for attracting and retaining top performers. As a matter of fact, 78% of candidates agree that being recognized motivates them at their job.
As the need for human resources professionals is on the constant rise, you can avail a number of jobs with higher salary packages. According to the Bureau of Labor Statistics, the average annual salary for Human Resource Managers is $116,720.
Now, let’s get more specific, shall we?
What is an MBA in HR?
A masters in human resource management combines foundational business theory and practice with a strong focus on the human relations component to conducting an ethical business. The program curriculum focuses on best practices in job analysis, recruiting, training and development.
As online masters in human resources revolve around examining human behavior in organizations, many of them offer courses on psychology and best practice organization behavior.
Your online human resources degree program should include subjects related to organizational practice and theory, information systems management, human resources management and theory, and employment law.
What Can You do With a Degree in Human Resource Management?
You’ve probably deduced by now that skillful human resource managers are the backbone of virtually any industry.
Within HR departments there are a variety of roles that an online masters degree in human resources can be of assistance gaining or advancing in. Some of the most common MBA in human resource management jobs are:
- Human Resources Specialist
- Hiring Manager
- Performance Consultant
- Chief Happiness Officer
- Human Resources Analytics Manager
- Human Resources Compliance Director
- Human Resources Manager
When attracting talent, transmitting a good employer branding image is vital. This is achieved step by step by improving the candidates and employee experience from the moment they make initial contact, and throughout their entire relationship with the company.
Human Resources Specialist
HR specialists help employers to find the most qualified job candidates who are most qualified to meet the organization’s needs. They are in charge of reviewing resumes, conducting interviews, recruiting applicants, and performing background checks.
Human resources specialists earn approximately $51,115 on average per year.
These professionals are responsible for filling open positions within their company with the best possible cadre. They work alongside their HR team which supervises the interview and hiring processes.
Hiring managers make around $51,826 annually. (Glassdoor)
Performance consultants help organizations improve processes and project initiatives. Their regular duties include training employees on proper techniques, meeting with management to plan development opportunities, and acting as analysts for process change and improvement.
Their average annual pay is $83,289 per year. (ZipRecruiter)
Chief Happiness Officer
By monitoring and analyzing the happiness levels within an organization, Chief Financial Officers can accurately predict and manage employee engagement and employee retention.
Some of their common responsibilities include creating and enacting policies that allow employees to grow personally and professionally.
They make around $85,226 per year. (Glassdoor)
Human Resources Analytics Manager
These managers leverage analytics to fine-tune decision making related to employee disputes, well-being, performance, and employee benefits.
Apart from collecting and analyzing data on cross-sectoral HR status, Human Resource Analytics Managers also identify weak and strong areas to help prioritize issues, cadres, and geographical areas for project focus.
The average annual pay for this role is $98,960 a year. (ZipRecruiter)
Human Resources Compliance Director
This role is usually related to large organizations where having employees onboard that are not in compliance during hiring, onboarding, working, or termination is a risk to the business.
Human Resource Compliance Directors work closely with upper management to manage any compliance-related issues and establish policies that promote compliance within human resources.
You can make six-figure salaries by working in this role: Average annual pay for this position is $109,036. (Glassdoor)
Human Resources Manager
Last but not the least, Human Resource Managers lead and direct the routine functions such as hiring and interviewing staff, administering pay, benefits, and leave while enforcing company policies and practices.
These professionals earn approximately $116,720 per year. (Bureau of Labor Statistics)
MBA human resources jobs may be demanding, but they are sure rewarding. Apart from competitive salaries, there are few other advantages of an MBA in HR management to look into.
5 Key Benefits of an MBA in Human Resource Management
And now, onto the main dish: This is the part you’ve been waiting for. In the next five points, we tried to break it down for you why going for an online human resource management masters degree is an investment worth making:
- Increased Earning Power
- Job Stability
- More Job Opportunities
- Seizing Leadership Roles
As a quality standard of modern education, an MBA degree will bring you the utmost respect from employers, colleagues, and clients. Therefore, an online MBA in human resource management is a qualification you can be proud of.
Apart from being a confidence boost, an MBA will help you to remain competitive in the fast-changing job market. Therefore, opting for an online HR MBA is without a doubt an investment worth making.
Increased Earning Power
Obtaining an online MBA in Human Resources gives you better chances to boost your earning potential compared to other masters degree programs.
When it comes to MBA human resources salary, a Human Resource Manager with an MBA can earn around $90,000. Not to mention that this specialization can help you get to the top management positions where you can make more than $200,000 per year.
If you’re already employed, getting an MBA in HR can help you ensure your job stability. After completing the program you’ll have advanced knowledge and skills in your arsenal, which will make you a more valuable asset to your company.
In case you’re job hunting, you should know that employment in management occupations is projected to grow 5% from 2019 to 2029, creating about 505,000 new jobs. (Bureau of Labor Statistics) Because of the growing demand due to industrialization, MBA human resources jobs are plenty.
More Job Opportunities
Completing a master human resources degree program will qualify you for senior management positions. Since organizations of all sizes have to deal with HR issues and concerns, this specialization can open doors to employment opportunities in virtually any industry.
Degree holders also capitalize on lucrative human resource management salaries. If you are keeping an eye on new job opportunities, going for an MBA in HR is a savvy career move.
Seizing Leadership Roles
While a bachelor’s degree will provide you with basic knowledge only, obtaining an MBA human resources online degree will equip you with in-depth knowledge as well as hands-on experience about the industry. This type of education will enable you to get into leadership positions and further your career according to your potential.
So why MBA in HR? After completing this online degree program you can apply for rewarding MBA human resources jobs across the industries. Whether you stay in your country or go abroad, your reputation remains high as job opportunities in this field are increasing globally.
Are you interested in pursuing a lucrative and rewarding career in human resources? Learn how to scout and retain the best talent in your company on a flexible study schedule by going for our online MBA in Human Resource Management program. Learn more by downloading our prospectus.
Feel free to contact us in case you have any additional questions. We’re looking forward to hearing from you!