Scope of HRM in MBA, Placement in HRM, Best HRM Colleges
Human resource management, or HRM, is one of the most important parts of any business. HR has a direct effect on how fast a business grows. This task includes employing competent workers and making sure that employees are happy and stay with the company. This is why the scope of HRM in MBA programs is growing every year.
If you want to get an MBA in HRM or are looking for a concentration that will help you progress, the programme may be the perfect choice for you. This complete guide will cover the nature and breadth of scope of HRM in MBA, its placements, and some of the best HRM MBA schools in India that may help you move up in your career.
What does an MBA in HRM mean?
The two-year MBA in Human Resource Management program is for people who want to manage people. Students, along with working professionals, receive training in essential areas such as:
- Finding the ideal people to hire through recruiting and selection
- Training and developing employees to strengthen their skills and knowledge
- Pay and perks: creating pay scales and perks
- Performance appraisal: checking how productive an employee is
- Managing workplace rules and problems through industrial relations
- Employee engagement is the process of creating a positive and productive workplace.
If you have an MBA in human resource management, you are responsible for more than just people. You are also in charge of corporate policies, culture, and strategies.
What HRM covers in an MBA
The scope of HRM in MBA encompasses a wide range of applications and remains consistently valuable. HR is growing because businesses always require people and executives to manage them. This is not the case in several other fields where technology is taking over jobs.
The scope is quite promising for the following primary reasons:
- Possibilities around the world As companies grow abroad, they need HR professionals to manage staff from many countries.
- Digital HR The rise of HR software, HR analytics, and AI in hiring has opened up new career paths.
- Growth of Startups and SMEs: Every startup, no matter how big or little, needs human resources experts to handle its growing staff.
- Focus on Employee Health: HR is responsible for making sure that employees are happy, that the workplace is a good place to work, and that their mental health is good.
- Leadership Roles: As HR managers get more experience, they move up to CHRO (Chief Human Resource Officer) positions.
So, scope of HRM in MBA isn’t simply about hiring. It is about having an effect on how people and businesses will grow in the future.
What HRM is and what it does.
To better understand nature and scope of HRM, let’s split it up into two parts:
What HRM is like
- People-Oriented: HR works closely with people, their goals, and their problems.
- Continuous Function: There is always motivation, training, and hiring going on.
- Strategic Role: HR today not only supports the business but also helps make decisions.
- Universal Relevance: HR is needed in all fields, such as government, healthcare, education, finance, and IT.
Scope of HRM
- The role of HRM Manpower Planning is to determine how many people will be needed.
- Recruitment and selection is the process of finding and hiring the right people at the right moment.
- Training and development are meant to improve workers’ skills and prepare them ready to be leaders in the future.
- Pay and Incentives: Making sure that pay and incentive systems are fair.
- Employee relations is the process of dealing with disagreements, labour unions, and issues at work.
- Compliance management is the process of making sure that companies obey the rules about workers’ rights.
This shows that scope of HRM in MBA is about more than just hiring and firing people. It is a complete system for keeping track of an employee’s life cycle.
Placement in HRM, Scope of hrm in mba
One of the most common questions students ask is, “How are the placements in HRM?”
The answer is simple: placements are strong and varied. There are a lot of opportunities because almost every organisation hires HR managers.
- Accenture, TCS, Infosys, and Wipro are some of the best HRM IT organisations to work for.
- PwC, KPMG, and Deloitte are examples of consulting firms.
- Myntra, Flipkart, and Amazon are all e-commerce companies.
- Axis Bank, ICICI, and HDFC are some of the banks and financial institutions.
- Byju’s, Swiggy, and Zomato are all startups and unicorns.
Job Roles for HR Managers After Getting an MBA in HRM
- Experts in Finding Talent
- Manager of Learning and Growth
- Manager of Employee Relations
- Compensation and Benefits Analyst
- HR Business Partner
Salary for New HRM Graduates After MBA:
- Freshers: ₹4 – 6 LPA
- In the middle: ₹8–12 LPA
- Senior HR managers make between ₹15 and 25 LPA.
- CHRO/VP HR (15 years of experience or more): ₹35 LPA+
So, if you are constantly learning and becoming better at what you do, a position in HRM is not only safe but also rewarding.
Best HRM MBA Colleges in India
To get the most from your scope of HRM in MBA, first pick the right school. The following are some of the best best HRM MBA colleges in India:
- The online MBA program at Manipal Academy of Higher Education (MAHE)
The online MBA in HRM from MAHE is very helpful for working individuals because it is known for being flexible and having a solid academic reputation. - The University of Amity. Amity has an MBA program that is known around the world and focuses on giving students real-world experience and teaching them about modern HR techniques.
- Jaipur’s Manipal University
This school strongly values hands-on learning and internships in top HR jobs. - DY Patil, from Pune University Patil is a popular choice for HR aspirants because it has outstanding academics and a lot of ties in the business world.
- Vivekanand’s Global University
The programme effectively combines classroom learning with practical, real-life experiences. - The University of Shoolini
Shoolini’s MBA in HRM program is known for its research and innovation. It offers a cutting-edge HR education and strong help in finding a job.
These colleges assist students in getting positions at well-known firms and getting ready for the growing field of HRM in their MBA programs.
Why Choose an MBA in HRM?
- High Demand: Every organisation needs HR professionals.
- Career Stability: Economic downturns have less impact on human resources compared to other sectors.
- Many career options: analytics, training, consultancy, corporate HR, and more.
- You can move up to top management with expertise in leadership roles.
- HR skills are in high demand all over the world.
So, if you are keen to work with people, solve problems at work, and move further in your career, an MBA in HRM is a fantastic choice.
The Learning Company offers career counseling.
Even though HRM is a big part of MBA programs, many working people and students don’t know which college or program to apply to.
In this case, the Learning Company can help. They offer free career advice to students and those who work, which can help you figure out which MBA school is appropriate for your career goals.
- You can compare online courses with traditional, in-person courses.
- Career path following an MBA in human resource management
- Assistance with admissions and post-admission queries
If you want to save time, avoid mistakes, and make the best choice for your MBA path, the Learning Company’s counsel might be very helpful.
Concluding remarks
The future of HRM in MBA programs seems better than ever. HR managers are increasingly affecting businesses as a result of globalisation, digital HR tools, and the emphasis on employee well-being.
An MBA in HRM is the appropriate option if you desire a job where you can connect with people, build corporate culture, and rise into leadership positions.Choose a reputable university, keep learning about new HR tools, and, if you need to, get professional job counsel.
Additionally, keep in mind that The Learning Company provides free career advice to aid you in picking the top HRM MBA school and establishing solid preparations for the future.
