The Master's of Business Administration degree has a long and robust history that dates back to 1908 when Harvard University's Graduate School first launched their program, to today where it has grown to be an extensive degree and most popular business education credential in the world. The MBA has grown to encompass numerous concentrations, specializations, majors, and certificates covering specialized topics in business on top of the core business and management courses. Specializations focus on specific business sectors or job specialties, which allow students to gain invaluable experience for their future careers. Students can currently pursue online MBA programs with specialized curriculum in Economics, Marketing, Business Analytics, HR, IT, and Supply Chain Management, with more choices added every single semester. Online MBA Today explores different online MBA degree options in order to give prospective students information on the multitude of fields and degrees available.
Let's explore the integral field of Human Resource Management.
Human Resource Management
Human Resource Management is the area of the business that focuses on arguably a company's most important asset – employees. The HR manager helps set the tone of a company's culture and makes their organization one that employees can thrive in. Because of their influence over an organizations employee culture, a strong HR manager helps craft strategies and make decisions that directly impact an organization's long-term goals.
Human Resource Management covers all employee-related aspects for a company, from recruiting to hiring, from benefits to training. And, because all industries need good human resource management, there are many options of what industries professionals choose to work in. According to the Bureau of Labor Statistics, HR managers are seeing a nine percent growth between 2014-2024 in the industry, which is faster than average. The median annual pay was $106,910 in 2016, and according to the U.S. News and World Report, being an HR specialist means you have the 15th best business job in the country in 2017.
There is a myriad of Human Resource Management positions to consider. Payroll managers, as the title indicates, manage the payroll department, ensuring that everything is processed properly and on time, and they also deal with any payroll issues that may arise.
Recruiting or staffing managers oversee recruiting and hiring for an organization, and are usually in charge of creating a recruiting strategy to attract the right candidates for their hiring needs. For those who are exceptionally skilled at networking and designing attention-grabbing job postings might find themselves in a role like Director of Recruitment.
A Training and Development Manager is often a good fit for someone with an MBA, because they are tasked with analyzing the training needs of their organization and then designing and implementing professional development and training for employees based on the data collected.
Labor or employee relations managers deal with employment policies regarding both union and nonunion employees by creating and administering labor contracts. These contracts can cover anything from wages to management practices. They also deal with labor complaints between employees and managers.
Online MBAs in Human Resource Management
While there are specialized master's degree programs for Human Resource Managers, there are strong reasons to consider an online MBA instead. For one thing, there is a certain level of prestige that comes with an MBA. It also affords more flexibility for future career goals outside of human resources, as MBA coursework is broader than a master's in HR. While a master's degree focuses on the practical aspects of the job, MBA programs also include leadership development training. The breadth gives you the skills needed to better understand the big picture, which essential since HR managers interact with all areas of an organization.
Most MBA programs include similar elements. They have courses covering communication, organizational behavior, and management, which are essential skills for HR managers, especially when it comes to leadership development. Managerial-level accounting, statistical analysis, and finance courses ensure that HRMs have a comprehensive view of the business side of any organization they work for, which is vital when they are involved in strategic decision-making. Within the programs students can focus on specializations, such as labor relations, compensation and benefits, talent development, employment law, or organizational psychology. Despite the job growth in the field, there is still strong competition for jobs and an online MBA will help open doors for higher-level HR positions.
Based on our latest ranking of the top online MBA programs in Human Resource Management, here are the top five programs in the country:
Oklahoma State University's Spears School of Business – Stillwater, Oklahoma
Saint Joesph's University's Erivan K. Haub School of Business – Philadelphia, Pennsylvania
Temple University's Fox School of Business – Philadelphia, Pennsylvania
Central Michigan University's College of Business Administration – Mount Pleasant, Michigan
University of Wisconsin-Whitewater's College of Business and Economics – Whitewater, Wisconsin
OTHER MBA SPECIALTY REVIEWS:
Guide to Online MBAs in International Business
Guide to Online MBAs in Accounting
Guide to Online MBAs in Finance
Guide to Online MBAs in Information & Technology
Guide to Executive MBAs
Guide to Supply Chain Management MBAs
Guide to Online MBAs in Business Analytics
Guide to Online MBAs in Healthcare Management
Guide to Online MBAs in Marketing