Online MBA human resources graduates develop the skills to effectively manage the acquisition of top talent, motivate them, and ensure their compensation is fair but does not harm the company's bottom line.
Master of business administration human resource programs develop managers and executives in human resources (HR), especially in the fields of labor relations, human resources policy development as well as hiring techniques and new employee training.
An additional focus of human resources departments in recent years has been on the international job market and the value of outsourcing work or using external talent to execute internal business processes.
MBA candidates in human resources concentration normally have a bachelor's degree, but it does not have to be within the specialization due to the lack of undergraduate human resources programs. Bachelors degrees in business or management are the most common for those seeking human resources MBA degrees.
Human Resources MBA students focus on talent management, in addition to standard MBA coursework in financial analysis and elements of managing in the corporate world. That means addressing different cultural and societal influences on group dynamics in a corporation, the effective use of compensation and promotions and other aspects of human resources. Learners may also elect to complete a capstone project and research specific issues in human resources and analyze solutions to a specific issue facing a hypothetical company, as part of their degree completion requirement.
A masters in human resources management can lead to a number of career options. These include hiring and training managers responsible for acquiring new employees and acclimatizing them to a new corporate culture. Other fields include labor relations and dispute resolution, focusing in many cases on the intersection of labor unions and employers to reach satisfactory outcomes. In addition, at small and medium companies, MBA graduates may work towards heading an entire human resources department.
Human resources MBA graduates enter a sector that is growing rapidly and rewards experience. Some options are growing in employee benefits and compensation in companies that outsource, as well as in establishing training for new technologies. Compensation managers make, on average, more than $87,000, according to the Bureau of Labor Statistics, while training managers earn between $64,000 and $115,570.
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