MBA@MIT
Wondering Why to do MBA in Human
Resource Management from MIT?
Here are some of the Job opportunities:
Any
candidate planning to take a professional degree in MBA HR must consider
the following questions:
- What are the Opportunities of
MBA in Human Resource Management?
- How much is the scope in MBA in
Human Resource Management?
- What
after MBA@ MIT in Human Resource Management?
If you
think that there is no scope of MBA HR managers in this age of recession! Think again!
MBA in HR is one of the most coveted
specializations in Finance; ample numbers of students are looking to make their
career in the field of Human Resource Management. The reason behind this
magnetism of HRM is the career options offered by this specialization. MBA in HRM allows the
students to develop the general management skills in the first year and the
learning about human resource practices in the second year.
In the curriculum of the course, the students are
taught about the strategic management, human resource development and legal
aspect management. The students are taught about the cultural, social and
economic factors that influence employees’ relation.
Career options after HRM from
MBA@MIT:
Let us
briefly look at the scope of MBA HR in the context of industries;
v Human Resources
Manager:
Human resources
managers get the benefit of person-to-person interaction, helping employees
directly. HR managers coordinate and plan HR activities, then manage them once
executed. This may involve guiding employees through the hiring process,
benefits programs, training, labor disputes, and other administrative needs
important to workers within a company. HR managers, unlike the people above
them, have a direct influence and positive impact on the people in a company.
For people who are satisfied when they are helping others, this leads to great
social benefit, human connection and the satisfaction of having a real impact
on your fellow human beings.
v Training & Development Manager: Training and development managers help employees improve their skill sets and careers. They do this by training employees in specially-held classes, workshops, conferences and other kinds of gatherings. Training and development managers are also sometimes in charge of designing the most effective coursework for employees, given the content that their employer wants to emphasize, while keeping training sessions entertaining and informative. If you like standing up in front of people and helping them learn and improve their lives, this career path is a very fulfilling one.
v Executive Recruiter: If you’re good
with people and building relationships, a position as an executive recruiter
could be one of the most lucrative ways to make friends. Executive recruiters
are tasked with finding and filling job openings for senior executives, the
so-called C-level executives including CEOs, as well as people in vice
president positions. Executive recruiters generally get paid on retainers or
paid in full after they have filled a position, and because companies are so interested
in finding good senior talent, these fees can be quite high. This is where the
making friends part also comes in. Executive recruiters want to build such
solid relationships with companies that when an opening occurs, those companies
call them first, at which point they launch their executive search, contacting
other contacts in other companies—potential executives to fill that
position—and trying to see if they’re interested. Because this field is so
lucrative, it’s very competitive, so having a so-called Type A personality also
helps.
v Chief
HR Officer: The
Chief HR Officer and, one tier below that, the Vice President of Human
Resources each on average make more than $200,000 per year. These executive
positions require an individual to devise an HR strategy for the company,
including policies, systems and goals. Every aspect of a human resources
department, beginning with recruiting and moving through contract signings,
training and development, benefits, and more run through the CHRO (Chief HR Officer)
or, if the company does not have such a position, the Vice President of HR.
With 10-20 years’ worth of experience and a proven track record of human
resources success, the HR executive can have a satisfying and, above all,
well-paying career.
v HR consultant:
These days, companies are growing
increasingly complicated, and human resources departments are no exception.
Enter the human resources consultant, an offshoot of the management consultant
who charges companies a high hourly rate to impart much-needed services. Human
resources consultants may specialize in a variety of fields, including
benefits, employee incentives and rewards programs, company culture after
mergers and acquisitions, employee motivation, retirement plans, recruiting and
even the outsourcing of any of the many functions of an HR department. This
high-level individual assesses a company’s current situation and offers and
helps deploy systemic recommendations that will get the company to its desired
goal. The HR consultant, meanwhile, gets to choose whom he or she works with,
when that work is completed, and what to charge. It is the HR path where
freedom meets money.
v Employee
Education Consultant: Employee
education consultants do similar tasks as training and
development managers—that is, they hold workshops, classes and conferences
aimed at increasing employees’ skill sets and knowledge—but without the
full-time commitment. Companies hire them on a contract or retainer basis to
help improve their employees’ skills. This means that the companies hiring such
consultants are already interested in keeping their employees well-trained and
happy, so they tend to be welcoming places to work at. The consultants work in
an accommodating environment and employees are interested in what they have to
say. In addition, training and education consultants can set their own hours
and choose their clients. If an education and training consultant only wants to
work six months out of the year, she can. Such freedom makes this job a
fantastic choice for anyone who both loves to teach and train and wants
independence in their position.
