MHRDM Course Overview
A Master of Human Resource Development Management program is designed for individuals interested in getting a comprehensive understanding of the HRM sector and making a career in it. If you are already working in this domain or want to acquire the skills to excel in it, an MHRDM is perfect for you.
To help you get a complete overview of this program, including its eligibility criteria, scope, and benefits, we have curated an in-depth blog for you. Keep reading to find out everything that is there about this masters program and why you should pursue it.
MHRDM: Course Highlights
Here’s a quick look at the highlights of MHRDM. The information mentioned below will give you a gist of what to expect from the course.
- Full Form- Master of Human Resource Development Management
- MHRDM Course Level- This is a postgraduate course
- MHRDM Duration- 3 years
- Eligibility- Candidate should have passed the bachelors degree examination from a recognized university and should have minimum two years work experience at supervisory level.
- Average Course Fee- INR 1 to 3 Lakhs per annum
- Admission Process- Some institutes grant merit-based admission, while most need you to clear a competitive entrance exam.
MHRDM Course Duration
This is a three-year part-time program. We have designed the program in a way to ensure you can continue working while upgrading your skills.
MHRDM Course Eligibility Criteria
The eligibility criteria for this program is pretty straightforward. All you need to have is:
- A bachelors degree from a recognized university
- At least 2 years of work experience at a supervisory level
MHRDM Admission Process
Now when it comes to the admission process of this masters program, it might differ depending on the college you are planning to study at. However, many colleges follow the process mentioned below.
- You need to meet the minimum eligibility criteria and qualify one of the many MHRDM Entrance Exams such as MAT, CAT, CMAT, etc.
- Fill the college application form with appropriate personal details and educational qualifications within the deadline.
- Colleges will shortlist eligible students based on the entrance exam scores.
- Candidates who have cleared the first round, will have to appear for the final interview process. This includes Group Discussion, Written Ability Test, and Personal Interview.
MHRDM Course Fees
The average fee can range between INR 1 Lac to 3 Lacs. Again, this can vary depending on the college. So, we suggest downloading the program brochure from the website to get the exact amount you will have to pay.
During the course, you will get a detailed understanding of every topic under the human resource development umbrella. Some of the common subjects included in your first year are:
- Principles OF Management
- Production Management
- International Business
- Financial Accounting
- Business Research Methods
- Management Information Systems(University)
- Organizational Behaviour
- Marketing Management
- Financial Management(University)
- Managerial Economics
- Legal Aspects of Business
- Business Communication
- Cost & Management Accounting
- Creativity and Innovation Management
- Quantitative Methods in Management
- Human Resources Management
Salary After MHRDM Course in India
Once you have completed MHRDM course from a reputed academic institute in India, you will get a chance to explore several career prospects. These options include HR manager, Performance manager, Talent Acquisition Manager, HR Director, HR Generalist, HR IT Specialist, etc.
Depending on the organization you work at and your job role, your salary will vary. Generally, an HR manager earns an average salary of INR 8-9 Lacs. This figure will increase depending on your work experience and skills.
MHRDM Scope in India
From a startup to a multinational company, every business type needs an HR to function smoothly. From hiring new talent to making policies and ensuring employees are giving their best, an HR helps an organization in multiple ways. Considering the importance of this role, its demand won’t subside anytime soon. This proves that this field has a vast scope in India.
Career/Job Opportunities After MHRDM Degree
As mentioned earlier, there are a plethora of career options to explore after completing an MHRDM program. We have listed down the top five profiles in human resource management.
Here are top 5 career option after MHRDM degree:
1. HR manager
These professionals are responsible for overseeing the recruiting of new staff, consulting with top executives on strategic planning, and serving as a POC between an organization’s management and its employees.
2. Performance manager
As the name suggests, the performance management team at every organization ensures that employee performance is aligned with organizational goals. They also work on creating plans to make sure employees can meet these goals.
3. Talent Acquisition Manager
These experts work on filling vacant positions in the company by sourcing viable candidates and assessing their suitability.
4. HR Director
HR Director supervises and provides consultation to management on strategic staffing plans, compensation, benefits, training and development, budget, and labour relations.
5. Training and development manager
As a training and development manager, you will be responsible for planning, directing, and organizing programs to enhance the knowledge and skills of all employees.
Benefits of Doing MHRDM Course
Now that you have a brief idea of what this course is all about, lets look at a few benefits of pursuing it. Along with equipping you with the latest skills and expertise, an MHRDM course can enhance your career in varied ways.
Here are a few benefits of MHRDM degree:
1. Increase Your Credibility
A bachelor’s degree is often enough to get started in your career. However, to climb up the corporate ladder, you need something more; you need to show your employer that you have the skills to take on new responsibilities and excel in them.
A master’s degree in Human Resource Management can be your solution. Employers often consider individuals with a master’s degree from a reputed institute to be credible.
2. Advanced Opportunities
With better skills, you will get a chance to explore different kinds of leadership roles. Whether you want to work as an HR manager or even director, this program will help you acquire the necessary skill set. So if you are willing to open the door to better job profiles, an MHRDM is the way to go forward.
3. Increased Earning Potential
It is no secret that master’s degree recipients often pursue positions that offer a higher salary than those with only a bachelor’s certificate. If you’re already a professional, completing a master’s program with a specialization that suits your interests can help you bag job roles with a better salary package and benefits.
4. Gain Job Stability
With a master’s degree, you will have the skills and knowledge you need to help any company with their recruitment and employee management needs. This helps ensure you will have more opportunities for future job stability even if economic conditions aren’t in your favour.
5. Enter A Growing Field
If you are someone who is just starting our, earning a master’s in human resource management will allow you to join this evolving field. Organizations will continue to have an increasing demand for efficient HR professionals that can manage all aspects of recruiting, hiring, retaining, and more, which are the foundation and strength of any company.
By now, we are hopeful that you have a complete understanding of what an MHRDM degree is all about, its eligibility criteria, scope, syllabus, career opportunities, and benefits.
If you are willing to build a strong foundation for your career in this domain, you should sign up for a masters program right away.
Evolve Into A Skilled HR Professional
At ASMs IMCOST, we provide an MHRDM part-time program ideal for all those individuals who are just starting out and have at least two years of work experience. So, if you want to take the next step in your career, apply to our program immediately.