An online Master of Business Administration in Human Resource Management allows working professionals to develop a foundation in both business and HR management to further their careers and fill upper-level leadership positions. The graduate program is ideal for candidates who wish to grow their business acumen with a focus on HR, 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 points to considerable growth in the HR sector, with salaries varying significantly, depending on one’s skill set and responsibility level.
In the article, Professor Scott Seibert discusses how aspiring HR leaders seeking mid-level or senior-level executive roles typically earn a master’s in the field. “Salary potential is virtually unlimited with top-level HR executives receiving salaries in the $300k range with additional company stock options and other executive-level benefits,” he notes.
Career Possibilities in HR Management
Human resources specialists (entry-level) earned a median annual income of $63,490 in 2020, according to the U.S. Bureau of Labor Statistics, while the median annual pay for human resources managers was $121,220. The top 10% of managers took in $208,000 per year, according to the U.S. Bureau of Labor Statistics. While an MBA is not always a prerequisite, these 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 median of $151,046, according to 2021 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 median salary for this position was $115,640 per year in 2020, according to the U.S. Bureau of Labor Statistics.
Administrative services managers coordinate one or more support services for a business, which may include information management, custodial operations, and facilities planning. The position paid a median amount of $98,890 annually in 2020, 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 a median salary of $73,240 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 36-45 credit 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 concentration courses in human resources planning and staffing, human resource management, and labor-management relations. Since drives innovation in HR, it is also included in the curriculum. 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.
Learn more about the STU online Master of Business Administration with a concentration in Human Resource Management.