An online Master of Business Administration in Human Resource Management allows working professionals to further their careers and fill upper-level leadership positions. The graduate program is ideal for candidates who wish to grow their business acumen while expanding their knowledge of international business, managerial accounting, data analytics and more.
Benefits of an MBA in HR Management
A recent article in U.S. News & World Report found that "Master's degree holders out earn their counterparts with a bachelor's degree in all three fields by a considerable margin -- roughly 18 to 33 percent during the first five years."
"An online master's degree in human resources can help candidates break into a competitive field," the article continued. An MBA can also help graduate students qualify for certain industry certifications. The advanced degree is often a requirement for executive leadership positions such as compensation and benefits managers, human resources specialists, human resources managers, and development officers, the article said.
Career Possibilities in HR Management
Human resources specialists (entry-level) earned an average annual income of $60,350 last year, according to the U.S. Bureau of Labor Statistics, while the average annual pay for human resources managers was $110,120. The top 10 percent of managers took in $197,720 per year, according to the U.S. Bureau of Labor Statistics. While an MBA is not always a prerequisite, these high-level positions generally require graduate degrees or certification beyond a bachelor's degree. Here are a few other HR management career options.
Recruiting directors (also known as directors of employment) earn an annual average of $139,540, according to 2018 data from Salary.com. The position requires developing and managing a team of recruiters to meet the staffing needs of a company.
Training and development managers oversee staff and direct programs that enhance the knowledge and skills of employees. The average salary for this position was $108,250 in 2017, according to the U.S. Bureau of Labor Statistics.
Administrative services managers coordinate one or more supportive services for a business, which may include information management, custodial operations, facilities planning and other support services. The position paid an average of $94,020 annually last year, according to the U.S. Bureau of Labor Statistics.
Labor relations specialists advise and prepare information for management during the collective bargaining process. Using their knowledge of labor law, these specialists interpret contracts while helping management and employees reach consensus on issues ranging from wages and pensions to life insurance and healthcare benefits. An understanding of statistics and record keeping is valuable for these labor professionals. Labor relations specialists earned an average salary of $63,200 annually, according to the U.S. Bureau of Labor Statistics.
Grow Leadership Skills through an MBA in Human Resources
The online MBA with a concentration in Human Resource Management from St. Thomas University prepares students for HR leadership roles while developing ethical management skills. The 30-hour program is taught by STU faculty who bring real-world perspectives and experience. Courses cover employment law, health and safety, managerial accounting, contract negotiations, organizational behavior, compensation management and more.
The broad-based core curriculum is supplemented by elective courses in human resources planning and staffing, human resource management, and labor-management relations. The seven-week courses provided online are in a convenient format that is ideal for working professionals.
The field of human resources is as diverse as the people it serves. An online MBA in HR management is ideal for candidates looking to continue working while furthering their careers and staying ahead of trends within human resource management.
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