Defining HR management isn’t easy. It’s a broad, diverse field that deals with many administrative and organizational tasks within a company – from hiring, training, recruitment to employee engagement or strategic planning and so much more. HR managers are integral to any organization and they work closely with both employees and higher-ups to improve communications, build careers, and overall, positively impact the work environment.
HR professionals can greatly benefit from pursuing an MBA in HR management. This should present them with more opportunities in various areas of human resources like employee relations, management, recruiting, training, and so on. Companies are looking for individuals with a master’s degree in HR management now more than ever. As the importance of HR grows, highly skilled and knowledgeable individuals are in high demand. However, being in high demand doesn’t necessarily mean anything, so, we’ve decided to highlight some of the actual benefits and advantages of a master’s degree in human resource management.
It’s highly advised to pursue an MBA, instead of settling for an ordinary advanced academic qualification. First of all, it’s going to bring you the prestige and recognition you absolutely deserve. A master’s degree is a very well respected qualification – both between employers and colleagues, and of course, the clients. That means this qualification is certainly something you could and should be proud of.
On top of all that, the status you gain by obtaining an MBA will most certainly help you stay relevant and competitive in the industry as well. As you can see, pursuing a master’s degree is something you should consider, without having any doubts about whether it’s worth it.
2. Increased Salary
In a global economic crisis, every opportunity for a pay raise should be grabbed with both hands. By getting an MBA in HR management you’re setting yourself up for an immediate pay raise. This not just something we’re saying – it’s a fact. The Bureau of Labour Statistics has deemed it a fact after extensive data and stats collection and research. If that’s not enough, you can always do your own research and compare the data.
An MBA is also improving your chances of promotion, which would also impact your salary. In most cases, you could expect an annual salary anywhere between $80,000 and $300,000 with an MBA in human resource management. As far as advantages of a degree go – this one is one of the most talked about.
3. More Job Opportunities
If you’re job hunting, or you’re always keeping an eye on some new employment opportunities – an MBA should be something you consider. One of the most important sections on your CV is the Education section – according to Grand Canyon University. An eye-catching title on your CV is sure to set you apart from the rest of the candidates. This is tightly connected to the prestige that’s associated with this title, as we’ve already mentioned.
The chances of you landing your dream job are much higher in this case. With a degree of education like this, you could easily apply and work as an HR manager, director, or even VP of Operations. Every management position is up for grabs.
4. You Can Assume Leadership Roles
If your goals are set high and your intentions are to assume any of the leadership roles in HR – you should probably consider pursuing an MBA. With this degree and level of expertise, you should possess in-depth knowledge, which will very well translate into hands-on experience once you start working. On top of all that, you’ll be able to get familiar with the regulation changes, monitor trend changes and overall gain a better insight on how to improve the industry. All of this should be more than enough to help you reach your leadership goals sooner rather than later.
On the other hand, with BA, you’ll only deal with the basic knowledge that should suffice to help you deal with day-to-day problems and activities, but nothing more than that. An MBA on the other hand exposes you to a number of new and exciting opportunities both to work on and learn from. All of that should be more than enough to make you suitable for any leading position in any company.
5. You’ll Gain More Insight In Human Psyche
There is more than one reason to invest in your education or in this case an MBA in HRM. One of the main reasons why you should invest in your education is because of your own personal growth and development. The courses you would ultimately take would be advanced, but not in a traditional way. Naturally, you’d learn about protocols and regulation, but on the other hand, you would also focus on understanding trends and recognizing and understanding human behavior. You’d essentially learn the basics of organizational psychology in the workplace. On top of traditional business developing skills and HR basics like hiring and training – you’d learn more about human interaction and ultimately employee development and improvement.
6. Ensuring Job Stability
As it’s usually the case, the higher up you are on an educational tree, the safer your job is. That’s not by accident, because, by gaining an MBA you’ve shown a remarkable level of determination and perseverance on top of all the skills and knowledge you’ve gained. All those qualities contribute to your job stability. Every company knows what they get in return by having an employee with those kinds of credentials. It’s not by accident that people with a higher level of education tend to keep their jobs longer. It’s because they are experienced and they do their jobs well and employers value those kinds of employees.
So, what have we learned from all this other than the fact that getting an MBA in HRM is a really good idea? Well, we’ve learned that you’d enjoy well-deserved respect and that you would have a more stable financial future given the fact that you’d arguably make more money per annum. We’ve also learned that you would be able to explore your job opportunities, even those in leading positions, which you would ultimately get to keep for a long time considering how well you do your job and how insightful you are. All in all, getting an MBA in HRM seems like a really good idea.