MBA Finance vs MBA HR: Which is Better?

Mehwash Hussain | Updated: May 13, 2022 18:07 IST

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.

TopicMBA FinanceMBA HR
Full-FormMasters of Business Administration in FinanceMasters of Business Administration in Human Resources
Duration2 years + internship2 years + internship
EligibilityMinimum 50% in graduationMinimum 50% in graduation
Entrance examinationCAT, SNAP, XAT, CMAT and NMATCAT, SNAP, XAT, CMAT and NMAT
Avg SalaryINR 7-20 lacsINR 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 FinanceMBA HR
Portfolio ManagementLabour laws
International Trade and FinanceTraining and Development
Merchant BankingHuman Resource Planning
AccountingCross Culture HR
Corporate Financial PlanningPerformance Management
Strategic ManagementHR 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 FinanceMBA HR
Financial AnalystTalent Acquisition HR Manager
Financial AdvisorCompliance HR Manager
Investment BankersTraining HR Manager
Portfolio ManagerLabour relations HR Manager
Accounting & Taxation ManagerTraining 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:

MBA Finance

RoleAvg salary
Portfolio ManagerINR 10 LPA
Financial AnalystINR 4 LPA
Accounts & Taxation ManagerINR 7 LPA

MBA HR

RoleAvg salary
Compliance HR ManagerINR 10 LPA
Talent Acquisition ManagerINR 5 LPA
Labour Relations ManagerINR 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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