Whether you are an MBA human resources graduate or just considering pursuing this degree, you may be wondering what you can do with a master of business administration degree. Although an MBA in any field can open new doors for you, a human resources MBA can be a valuable investment. The field of human resources is growing, and a number of exciting (and high paying) career opportunities await MBA human resources graduates.
Human Resources Manager
An MBA in human resources can prepare you for a career in human resources management. HR managers are typically responsible for planning and directing all of an organization's policies and procedures related to its employees. They often serve as a go-between for staff and management, and are responsible for hiring, firing and everything that falls in between. As CEOs and other executive managers rely on HR managers more frequently as strategic business partners, it has become more important for HR managers to understand business and financial principles. Although HR managers frequently must juggle a number of responsibilities, they are rewarded with high salaries. The U.S. Bureau of Labor Statistics reports that, HR managers earned a median income of $99,180 in 2010. HR management jobs are expected to grow by 13 percent from 2010 to 2020.
Human Resources Consultant
Have you ever had a difficult problem at work that you wished somebody would just swoop in and solve? Human resources consultants do just that. Consultants analyze HR policies, procedures and organizational issues and make recommendations for appropriate changes. They may help with any issue from creating a job description for a front desk clerk to providing advice on restructuring a 400-person department. With an MBA and work experience, HR consultants can pull in six-figure income. BLS projects HR consultant jobs to grow by 22 percent between 2010 and 2020.
Training and Development Managers
Because employees are an organization's most valuable asset, it's no wonder organizations invest in the training and development of their staff. Training and development managers are responsible for selecting and developing training programs that improve the skills and knowledge of employees, which in turn helps the company reach its goals. With a median income of $89,170 reported by BLS for 2010 and a spot on CNN's "Best Jobs in America 2010" list, training and development management is a promising career for human resources MBA graduates.
Compensation and Benefits Managers
If you have ever received good health benefits or participated in a retirement plan, chances are that you have a compensation and benefits manager to thank. Compensation and benefits managers are responsible for determining salary amounts, designing bonus programs and selecting benefits packages to be offered to employees. Compensation and benefits managers fare well on the salary scale themselves at an average annual salary of $105,920. It was also ranked as one of America's best jobs by CNN Money. With slower than average job growth predicted, job openings may be scarce, yet worth the competition.