The correct response is that an MBA is a professional degree that provides general business training in a variety of areas, including human resource management (HRM). Some MBA programs also offer a formal HRM concentration that consists of several specialized courses. A master’s in human resource management (HRM) is typically a Master of Science degree with a specific and, to some extent, exclusive focus on theories and principles of HR management. It typically excludes general business training.
The people who work for organizations, businesses, corporations, and other enterprises are considered human resources. Like other assets, these people add value to a business. Implementing the best workforce management policies is a top priority for business enterprises because effective human resource management, or HRM, is generally regarded as a crucial factor in a company’s overall performance. For the management of human resources, large companies typically maintain a separate department, whereas smaller businesses may only have one or two HRM specialists. There are also firms that focus on handling all or some of the human resource concerns for other businesses.
HRM specialists typically assist with personnel management decisions such as recruiting, selecting, developing, and promoting employees. Knowledge of labor laws, employee compensation and benefits packages, and business IT systems is necessary for fieldwork. The study of organizational behavior theories, forms of communication, and methods for inspiring individuals and teams, resolving conflicts, and enhancing and maintaining workforce productivity are all included in HRM training. The Society for Human Resource Management (SHRM), a professional association that administers two certifications for HRM specialists (Certified Professional and Senior Certified Professional), maintains a Competency Model that identifies essential abilities and subject-matter expertise for entry-level, middle-level, senior-level, and executive level human resource managers. These skills include understanding of critical evaluation and assessment techniques, public relations, team and project management, HR technologies, and cultural considerations.
What is an HRM?
HRM stands for human resource management. With a master of science (M. S. (HRM), students can learn about organizational design, communication, development processes, management theories, and labor laws. HRM degrees can help candidates succeed in other positions as well as qualify them for more advanced human resources opportunities. An MSHRM degree typically requires between one and two years to complete, similar to most master’s degrees.
Typical course topics include:
What is an MBA?
MBA stands for Master of Business Administration. It’s a graduate degree that qualifies holders for a variety of jobs, including those in marketing, organizational psychology, healthcare administration, investment management, and business management. Students who pursue MBAs can improve their professional networks, develop their leadership skills, and become qualified for a wide range of employment opportunities. Depending on the student’s schedule and the specific program they select, getting an MBA typically takes two years for those who already hold a bachelor’s degree.
In a typical MBA program, you can anticipate to see the following course topics:
MBA vs. HRM
Despite the fact that HRM and MBA programs can both advance your career and develop your leadership abilities, there are a number of significant differences between the two degrees. Here are some areas where they vary:
Focus
The types and levels of focus are a significant area where the two degrees diverge. However, you can specialize in HR and be eligible for many of the same HR leadership positions as an HRM candidate. MBAs typically provide a more general education on business practices.
An MBA prepares you for a more general business or management position, whereas an HRM degree prepares you specifically for a career in human resources. The majority of MBA students’ coursework typically focuses on organizational behavior and management techniques, while an HR program might place more of an emphasis on labor relations and recruitment tactics.
Career opportunity
Although both degrees can prepare you for similar careers, an HRM degree may be more appropriate for those who want to work in HR in the long run. An MBA degree may be preferred by people who want to keep their options open or who see themselves eventually leaving HR positions. Aspiring HR and business professionals can use the lessons learned from MBA programs because they provide more generalized and business-focused trainings for a range of careers.
Recognition
The respect that these two degrees are given by employers is another difference between them. The MBA is a highly regarded and recognized program, despite the fact that the majority of HR employers value and recognize HRM degrees. Employers may be more likely to notice and value an MBA on a candidate’s resume when they are applying for non-HR positions.
Tips for choosing between an MBA and HRM degree
Here are some additional suggestions to help you make a decision if you’re not sure what degree you want to pursue:
Research degree programs
The institution you intend to attend can have an impact on your decision regarding the degree program you want to pursue. Consider your program requirements by determining what your scheduling, financial, and educational needs permit. There are flexible and more affordable options for education available online. In-person programs also exist. If you intend to attend a local university, look into the degree programs offered there. You might prefer one over another based on the available academic resources, faculty members, or course options.
Consider your career goals
Another tip is to think seriously about your career aspirations. Think about whether you anticipate working in human resources in the near future. Think about the networks you want to build and the skills you want to develop the most. An MBA might be a better option for you if you eventually see yourself in a career outside of human resources.
Talk to your employer
You can discuss the potential benefits of an advanced degree with your employer if you currently work in the human resources or business fields. Ask your employer if they would prefer one degree over another or if continuing your education could qualify you for future opportunities. They might offer feedback that can inform your decision. Some employers will even pay the tuition for staff who want to continue their education in their field.
Look at job postings
Consider reviewing job posting for positions that interest you. Keep an eye out for any preferences or more frequent mentions of one degree over another. Also, review the duties and requirements in the job postings. Some applicants may request skills that are more typical of a particular program.
Gain work experience
Getting more experience can make it easier for you to assess your future career goals. If you already hold a related bachelor’s degree, think about finding a job in human resources. Having work experience can help you assess your enthusiasm for HR work as well as the skills you need for various roles. If you’re eager to learn more and advance in the field, an HRM program may be advantageous for you.
How to Compare a Master of HR and an MBA
FAQ
Which is better MBA or HRM?
The MS-HRM is more suitable for someone with a foundational business background who wants to focus more intently on human resource management, while the MBA offers general business skills that can help you advance in any field. The degree you choose depends on your career goals.
Is MBA in HR and HRM same?
With an MBA/HR concentration, you will enroll in 11–14 classes, only 2-4 of which will be HRM courses. The rest are general business classes (like accounting, yech!). An M. S. You may enroll in 10–12 of the 14 HRM courses with a concentration in HR or Industrial Relations.
Is an MBA worth it for HR?
Earning an MBA in Human Resources (HR) has a number of benefits, including making oneself more marketable for jobs with a master’s degree and receiving additional advanced training that may lead to more job opportunities. For instance, an MBA may be necessary for some advanced human resources manager positions.
Can you be in HR with an MBA?
You will be qualified for positions such as Human Resources Manager with an MBA in Human Resource Management. Senior Human Resources Consultant. Manager, HR Operations.
