Salaries - MBA in Human Resource - Freshers and Experienced
Human Resources(HR) is one of the key departments in an organization that often does not get the desired limelight. Everyone is aware that HR is responsible for hiring people however there is more to it. The Human resource department is responsible for the recruitment, onboarding, training, development & exit of the employees. Employees are the key asset of any organization. Finding the right people for the right role will help an organization to succeed. The HR department also looks after payrolls, updating policies, and maintaining disciplinary action which are critical in any organization.
As evidently visible from the above, the human resource department needs to be carefully crafted with individuals having the right set of skills. It is preferred to have candidates with a business understanding for smooth operations. Here an MBA graduate in Human Resources can be the ideal one. These candidates are groomed with knowledge and real-world skills enabling them to conduct HR operations seamlessly.
Here are a few roles with salaries an MBA HR graduate could expect;
1. HR Manager
An HR Manager oversees the HR department and ensures that all HR functions align with the organization's goals. Their responsibilities typically include developing and implementing HR policies, managing employee relations, overseeing recruitment and hiring processes, ensuring compliance with labor laws, and developing strategies for employee training and development. HR Managers often work closely with senior management to plan and execute HR initiatives that support business objectives.
Fresher Average Salary : 3 LPA
Experienced Average Salary : 16 LPA
2. HR Analyst
An HR Analyst focuses on analyzing and interpreting HR data to help improve the efficiency and effectiveness of HR practices. Their responsibilities include collecting and analyzing data related to employee performance, turnover, compensation, and benefits. HR Analysts use this data to create reports, provide insights, and make recommendations that support decision-making processes in areas like recruitment, retention, and employee engagement.
Fresher Average Salary : 2 LPA
Experienced Average Salary : 9.7 LPA
3. HR Generalist
An HR Generalist is a versatile role that involves handling a wide range of HR tasks and responsibilities. This can include recruitment, employee onboarding, training and development, employee relations, performance management, benefits administration, and compliance with labor laws. HR Generalists are often involved in both strategic and administrative HR functions and serve as the first point of contact for employees with HR-related queries.
Fresher Average Salary : 2 LPA
Experienced Average Salary : 8 LPA
4. HR Consultant
An HR Consultant is an external expert who provides specialized advice and services to organizations regarding their human resources functions. They are typically hired on a project basis to address specific HR needs or challenges, such as improving recruitment processes, developing compensation strategies, implementing new HR technologies, or conducting organizational development and change management initiatives.
Fresher Average Salary : 1.8 LPA
Experienced Average Salary : 12 LPA
5. Corporate Trainer
A Corporate Trainer is responsible for developing and delivering training programs that enhance employees' skills, knowledge, and performance. They assess training needs, design curriculum, create training materials, and conduct workshops or seminars. Corporate Trainers aim to improve employee productivity and ensure that the workforce is equipped with the necessary skills to meet organizational goals. They may also evaluate the effectiveness of training programs and make adjustments as needed.
Fresher Average Salary : 2.8 LPA
Experienced Average Salary : 14.1 LPA
6. Technical Recruiter
A Technical Recruiter specializes in hiring candidates for technical positions such as software developers, engineers, data scientists, and IT professionals. They have a strong understanding of technical roles and skills, enabling them to effectively screen resumes, conduct interviews, and evaluate candidates' technical abilities. Technical Recruiters often work with hiring managers to identify staffing needs, create job descriptions, and develop strategies to attract qualified technical talent.
Fresher Average Salary : 1.8 LPA
Experienced Average Salary : 6.5 LPA
7. Compensation Specialist
A Compensation Specialist focuses on developing and managing an organization's compensation and benefits programs. They analyze market data to ensure that salaries and benefits are competitive and aligned with industry standards. Compensation Specialists are responsible for creating salary structures, designing incentive programs, and ensuring compliance with compensation laws and regulations. They work closely with HR and finance teams to maintain a fair and motivating compensation system that attracts and retains talent.
Fresher Average Salary : 7 LPA
Experienced Average Salary : 32 LPA
Conclusion
An MBA in Human Resources is a good career option for those who love working with people. There are multiple job roles on offer with lucrative salaries. To give yourself the edge, consider enrolling for an MBA in HR from a top business school. ITM Business School offers an MBA in Human Resources. It has a track record of graduates placed in top organizations globally & offers a host of other benefits. Don’t delay your progress to a high-flying career in Human Resources.