MBA Finance vs MBA HR: Which is Better?
MBA is a challenging degree to complete, but it is also one of the most prominent in India. Choosing between Finance and Human Resources? On the one hand, an MBA in Finance will enable students to pursue a career in finance-related fields such as risk management, fund valuation, and accounting. An MBA in HR, on the other hand, is responsible for managing an organization’s most valuable asset: human capital. MBA Finance vs MBA HR, which is one is the best option for you?
To help people make this decision, we have compiled a list of numerous factors on the basis of which you may choose the best option for your career planning. But before that let’s take a look at the major highlights of the courses.
|Topic||MBA Finance||MBA HR|
|Full-Form||Masters of Business Administration in Finance||Masters of Business Administration in Human Resources|
|Duration||2 years + internship||2 years + internship|
|Eligibility||Minimum 50% in graduation||Minimum 50% in graduation|
|Entrance examination||CAT, SNAP, XAT, CMAT and NMAT||CAT, SNAP, XAT, CMAT and NMAT|
|Avg Salary||INR 7-20 lacs||INR 3-18 lacs|
MBA Finance vs MBA HR: Subjects
The important distinctions between an MBA Finance and an MBA Human Resources is the curriculum and subjects given during the two-year MBA programme. Despite the fact that the first year of study is focused on key business ideas and fundamentals. All disciplines such as finance, HR, marketing, and operations are covered in depth. In the second year of an MBA, however, students can pick a speciality based on their goals and interests. The following is a list of MBA in HR and Finance course content and important topics:
|MBA Finance||MBA HR|
|Portfolio Management||Labour laws|
|International Trade and Finance||Training and Development|
|Merchant Banking||Human Resource Planning|
|Accounting||Cross Culture HR|
|Corporate Financial Planning||Performance Management|
|Strategic Management||HR Information Systems|
MBA Finance vs MBA HR: Job Opportunities
With the growth of the global economy, the demand for employment has risen rapidly, necessitating the hiring of a superior HR expert to choose and manage the best candidates. With this increase comes an increase in an organization’s risk financing planning. Candidates can check out the table given below to know more about the job roles and opportunities in MBA Finance vs MBA HR.
|MBA Finance||MBA HR|
|Financial Analyst||Talent Acquisition HR Manager|
|Financial Advisor||Compliance HR Manager|
|Investment Bankers||Training HR Manager|
|Portfolio Manager||Labour relations HR Manager|
|Accounting & Taxation Manager||Training and Development Specialist|
MBA Finance vs MBA HR: Salary
Because an MBA is a costly education, many people have concerns about the remuneration package and salaries that will be available following completion. Although, after earning an MBA, a person is more likely to receive sufficient remuneration. However, we have given average salaries for some of the Finance and HR professions available to MBA graduates:
|Portfolio Manager||INR 10 LPA|
|Financial Analyst||INR 4 LPA|
|Accounts & Taxation Manager||INR 7 LPA|
|Compliance HR Manager||INR 10 LPA|
|Talent Acquisition Manager||INR 5 LPA|
|Labour Relations Manager||INR 8 LPA|
Which one to choose: HR or Finance?
It all boils down to those who want to pursue a managerial job. Before deciding on a speciality, one must first evaluate and analyse their interests and ambitions. Before making a selection, consider factors such as professional goals and possibilities that are available. We hope we’ve been able to help you with your decision.
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