The Advantages Of An HR MBA Degree
Human Resources MBA degrees are becoming more popular with business students, as demand for the skills taught in these programs continues to rise. Though there are a variety of Masters of Business Administration concentrations that can be chosen by students, this one is drawing more attention with each passing year. Human resources personnel continue to have tremendous career advancement potential, even in the current economic environment.
The Human Resources MBA degree focuses the attention of the student on many of the skills most in demand with today’s top companies. Students learn the best practices for managing any crisis situation, leadership skills that are critical for promoting organizational change, and key problem resolution skills. They also learn how to recognize the real source of any problem, and the best methods for creating solutions and defending those choices to their peers.
There are many online HR MBA programs available, a growing trend among online MBA programs overall.
With an HR MBA, students are trained in key areas of employment law, and receive a broad education in business concepts. They also become skilled at developing both short-term and long-term resource plans, learn how to promote an effective downsizing strategy, and gain a better understanding of the importance of effective human capital utilization.
Students who pursue this degree benefit in a variety of ways. Like every MBA program, these specialized degrees provide critical interpersonal communication skills that everyone in business needs. This education is crucial for those who undertake a management position in HR, since they will be exposed to a variety of personalities and temperaments.
Even more important is the fact that these communication and leadership skills are equally useful in any business management arena. This specialization does not limit a student to positions within the HR field. Rather, it provides the type of training and specialized skills that can benefit any employer in almost any type of setting. As a result, many graduates go on to find placement in a variety of executive positions within the corporate world.
Careers for Human Resources MBA Graduates
For those who pursue HR positions, the most commonly chosen careers involve supervisory positions within that field. However, many graduates choose careers as employee relations experts, employment recruiters, and even benefit administrators. Often times, this degree can pave the way to more substantial promotions within a company hierarchy, with the increased salary and benefits that go with those higher positions.
This type of training is suitable for anyone who has a desire to seek high-level careers in personnel management, or who merely seeks advanced skills to increase his employment portfolio. Students who want to pursue this degree can do so at many universities and colleges. In addition, there are many online programs that can enable working adults to further their educational pursuits in this field.
Future Prospects for HR MBA Graduates
The good news for interested students is that this is one of the few fields in which business demand for the future appears to be stable. In fact, the introduction of new business regulations and legal requirements seems certain to increase demand in the coming years. As a result, business students who are unsure of which specialized Business Administration degree to pursue will be well-served by considering an HR MBA.
Master’s in Human Resources versus Human Resources MBA
A Human Resources MBA degree will tend to emphasize business and financial aspects, versus a Master’s in Human Resources, which focuses more on approaches to the function of human resources itself, including recruiting, benefits, training, on-boarding, performance improvement, and more.