Aug 4, 2014

Pursuing an MBA Degree in Human Resources

For students seeking career advancement of human resources in the field (HR), an MBA degree from an accredited college looks very promising. The field of human resources opens the door to new opportunities and management positions for MBA graduates.

The Bureau of Labor Statistics projects that by 2018, as many as 184,500 new jobs can be created in the field of human resources. MBA graduates typically find more career opportunities in order to demonstrate expertise in different areas of human resource management.

With the advent of new technologies, MBA programs in human resources offer flexibility for students, given the increased availability of computers and electronic resources. With telecommuting and online classes, students can save money by not traveling to classes.

Typical coursework in human resources includes:

accounting
business strategy
operations management
marketing

MBA courses also teach you how to handle important issues such as recruitment, position alignment and employee compensation business decisions. As a student of MBA of Human Resources, you will learn about the legal regulation of hiring and firing process, wage and hour laws, and more. You also get the knowledge and skills to manage human resources in relation to promotions, product pricing and product strategies.

MBA schools develop teaching organizational skills and abilities to tackle several projects simultaneously. Also learn how to manage budgets and create strategic plans.

Why is human resources is so important?
Though many executives focus on the bottom line and making profits, they still believe that highly skilled and reliable employees are the bread and butter of any business. Physical resources, equipment and products are essential when it comes to running a business, but these physical elements never replace good, hard working people in the business world. That's why human resources (or the business of managing people) plays an important role in any business or organization.

MBA programs teach HR graduates the skills necessary to qualify for the position of director of Human Resources. They are usually well-paying, and you can easily earn a six figure income as director.

What is the salary range for Human Resource Managers?
According to the Bureau of Labor Statistics, the median annual salary for HR positions in 2008 was $ 59.070; however, this amount varies based on other factors such as experience, location and the type of company you work for.

Salary scales also vary widely, depending on the industry in which you choose to work. The following table shows wages and human resource industries:

Industry Salary
Technical Services of $ 101.570
Accounting $ 103,990
Scientific Research and Development $ 94.860
Advertising $ 96.620
As a student of MBA of Human Resources, you will learn about the legal regulation of hiring and firing process, wage and hour laws, and more. You gain the knowledge and skills essential for the management of human resources in the areas of promotions, pricing, and product strategies.

Many corporations help pay for MBA programs for executives, as no work time is lost. Financial aid and scholarships are also available for MBA programs. The average MBA program specializing in human resources takes approximately two years, however, online study programs are available to accelerate the learning process and graduate sooner as a result. If you are thinking of doing an MBA in human resources, feel free to do so. The HR field offers a lot of opportunities and higher wages for those who want to specialize in the field.

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