Masters in Human Resource Management: Syllabus, Eligibility & More
Master in Human Resource Management is a one or two-year program that offers learning in business, management, finance, economics, etc. The program covers a broad range of management activities such as managing people, motivating & rewarding employees, dealing with stakeholders, analysing data & developing HR policy & practice responses.
The structured framework helps in skill development, providing global opportunities & connecting with the experts of multinational companies or organisations.
- Why Pursue a Masters in Human Resource Management?
- Best Universities for Pursuing Masters in HR Management
- Syllabus of Masters in Human Resource Management
- Eligibility Criteria for Masters in Human Resource Management
- Scope after Master in Human Resource Management
- Salaries, Top Companies & Job Roles Offered after Masters in Human Resource Management
- Document Checklist for Masters in Human Resource Management
- Conclusion
- FAQs
Why Pursue a Masters in Human Resource Management?
The specialisation in HR management helps career advancement, providing networking opportunities & developing earning potential. Students develop skills required for managing employees & strengthening employer-employee relationships. The key aspects of the degree are listed below:
- The specialised degree allows students to learn & adapt to organisational changes.
- Students get an opportunity to learn from experts with expansive network connections.
- The degree allows students to travel across the world & understand the workings of global industries.
- The course enables them to develop various HR management skills in public, private, or non-profit organisations.
- The unique blend of theoretical & managerial skills allows students to find effective solutions to real-life HR issues.
Best Universities for Pursuing Masters in HR Management
Masters in HR management combines managerial skills & critical approach to solving organisational issues. The best universities in the world maximise the outcomes by providing practical training & strengthening their foundational knowledge. Some of the best universities, their rankings & fees are listed below:
| University | Course Name | QS Ranking by Subject | Duration | Tuition Fees |
|---|---|---|---|---|
| University of Edinburg Business School | MSc in Human Resource Management | 33 | 1 year | £29,900 (INR 32,29,803) |
| University of Melbourne | Master of Management (Human Resource) | 39 | 2 years | AUD 119,684 (INR 67,70,813) |
| University of Sydney | Masters of HR Management & Industrial Relations | 40 | 1.5 years | AUD 56,500 (INR 31,96,341) |
| King’s College London | MSc in HR Management & Organisational Analysis | 41 | 1 year | £29,472 (INR 31,83,756) |
| University of Greenwich | Masters in Human Resource Management | - | 1 year | £18,150 (INR 19,60,582) |
Syllabus of Masters in Human Resource Management
Masters in Human Resource Management offers a comprehensive syllabus that includes foundation, core, elective modules & dissertations. The course is divided into two semesters(1 year) or four (2 years), depending on the university. The foundational subjects are business analytics and decision-making, finance fundamentals, accounting, etc. The detailed structure is listed below:
- Business Analysis & Decision Making
- Management Competencies
- Managing for Value Creation
- Fundamentals of Finance
- Fundamentals in Accounting
- Managerial Economics
Core Subjects
The core subjects include organisational behaviour, reward management, methods of HRM, etc.
- Core Competencies for HR Professionals
- Organisational Behaviour
- Reward Management
- Managing Employment Relation
- Methods of Research in HRM
Elective Subjects
Elective modules include the subjects that are taught along with the core modules. The subjects taught are:
- Change Management
- HR/People Analytics
- Performance Management
- Global Diversity & Equality Management
- Managing Stakeholders
- Leadership & Team Dynamics
- Business Risk Management
(*the structure might vary from university to university)
Eligibility Criteria for Masters in Human Resource Management
- Educational Background: A Bachelor’s degree in any discipline with an average mark of 60% or 8.0 on a 10. 0-point scale. The preferred fields are business/economics/finance.
- Language Test: A score of 7.0 in IELTS is favourable for admission. A score of 94 or above in TOEFL & a score of 72 or above in PTE is decent for getting into your dream university. In the case of Cambridge English, a score of 185 or above increases the probability of selection.
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Scope after Master in Human Resource Management
Talent Acquisition Specialist
A Talent Acquisition Specialist oversees recruitment, training & performance management. They are also responsible for administering the employee benefits programs such as health insurance, retirement plans, etc. The average salary of a talent acquisition specialist can fall between $60,000-$80,000 (INR 50-66 lakhs) depending on the specific country and seniority level.
HR Manager
Developing job descriptions & specifications, managing recruitment, designing & implementing training programs to enhance employees’ skills, and addressing employee concerns, grievances & conflicts are some of the key responsibilities of an HR manager. An HR manager also provides feedback to the employees to improve performance. They receive an average salary of $115,770-120,599 (INR 96 lakhs-1 crore). However, the quoted salary varies from country to country.
Labour Relation Specialist
An LRS focuses on managing relations between the workforce & employer. They overlook some key works like negotiating labour contracts, handling grievances and resolving disputes between employer & employee, guiding labour law compliance & developing contract proposals & counter proposals. The average salary received by a labour relation specialist is $75,544-89,921 (INR 63-75 lakhs).
HR Consultant
An HR Consultant is responsible for providing advice & solutions to the organisation. They are also responsible for developing HR policies & procedures. Ensuring compliance with labour laws and providing hands-on HR support during critical periods are vital roles of an HR consultant. The salary of an HR consultant is $142,877-152,234 (INR 1.1-1.2 crore).
Corporate Trainer
A corporate trainer focuses on providing training programs and conducting needs assessments to identify skills gaps. They conduct training sessions, workshops & seminars & assess the programs’ effectiveness through evaluations & feedback. A corporate trainer receives $70,000-75,000 (INR 58-62 lakhs).
Salaries, Top Companies & Job Roles Offered after Masters in Human Resource Management
Master in Human Resource Management offers diverse roles in industries like Amazon, Wipro, Accenture, IBM, etc. The table below lists the major roles, salaries offered & the top recruiting companies after pursuing a master’s in human resource management.
| Roles | Average Salary | Top Recruiters |
|---|---|---|
| Corporate Trainer | $70,000-75,000 (INR 58-62 lakhs) | Wipro, Amazon, Cognizant, Accenture, Genpact, Dell Technologies, Freelancer |
| HR Consultant | $142,877-152,234 (INR 1.1-1.2 crore) | Accenture, Deloitte, EY, Bain & Company, Boston Consulting Group, Wipro, IBM, KPMG |
| Labour Relation Specialist | $75,544-89,921 (INR 63-75 lakhs) | Infosys, BCG, KPMG, EY |
| Talent Acquisition Specialist | $60,000-80,000 (INR 50-66 lakhs) | Randstad, Cognizant Technological Solutions, Wipro, EY, IBM |
Document Checklist for Masters in Human Resource Management
- Application Form: Students must fill out the forms for their desired universities.
- Academic Transcripts: Copies of mark sheets/academic documents are required for admission.
- LOR & SOP: A standout statement of purpose underlines students’ motives for pursuing a specific course. LORs are the written testimonials that confirm the said abilities & skills of the applicant. 2-3 letters of recommendation increase the chances of admission.
- Language Proficiency Test score: PTE/IELTS/TOEFL/Cambridge scores are required for admission.
- Passport: This is also required as a part of the application process.
Conclusion
The managerial skills, theoretical knowledge offered by industrial experts & the cultural experience received make the course popular among students. Masters in human resource management provide industrial skills & global opportunities that help students develop practical solutions to manage the workforce & run the organisation. The dissertation opportunities help students understand & adapt to the organisational changes, solve grievances & reinforce positive behaviours.
FAQs
Can I pursue an MA in Human Resource Management?
Yes, students can pursue an MA in human resource management. The offering universities are the University of Greenwich, the University of Leeds, the University of Hertfordshire, etc.
What are the eligibility criteria for a Master's in Human Resource Management?
Students need a bachelor’s degree with an average of 60-65%, followed by the IELTS/TOEFL/PTE/Cambridge test results.
What are the career scopes after a master's in HR Management?
After completing their master’s in HR management, students can opt for roles like HR consultant, talent acquisition specialist, labour relation specialist, etc.
Can I get placement opportunities after a master's in human resource management?
Students can get placement opportunities after pursuing a master’s in HR management. The average salary of an HR professional is INR 68,00,000-70,00,000 annually.
Is a master's in Human Resource Management worth it?
The specialisation helps students in the professional sphere to understand the dynamics of the industries & adapt to the organisational changes. We have listed above the advantages & the career scopes of masters in HR management.
If you are an aspirant looking to study at your dream university, book an appointment with AdmitX today and start your applications early to avail yourself of all the benefits.
