Should I get an MBA or Master’s in Human Resource Management?
What’s more beneficial: an MBA with an HR specialization or a master’s in human resources? Our Q&A breaks it down for you.
If you’ve decided to pursue a career in human resource management, you’ve made a wise choice. According to the Bureau of Labor Statistics, this field will grow at a rate of 9% from 2016-2026, with salaries averaging more than $113,000 in 2018.
Master’s in human resource management vs. MBA specialization in Human Resource Management
To help you decide whether you should pursue a master’s in human resource management or an MBA with a specialization in human resource management, ask yourself these questions:
Are you passionate about HR?
If you’re absolutely certain you want to pursue human resource management as a career, a master’s in human resource management would serve you well. A human resource management degree prepares students for human resource management careers with an intense HR-focused education.
Do you want a broad business education?
With classes spanning everything from marketing to accounting, MBAs provide students with a comprehensive business education. An MBA with a specialization in human resource management enables students to choose HR electives, but the education is comprehensive, not HR-focused. If you’re interested in HR but are also interested in business in general, an MBA with human resource management specialization may be a good fit for you.
How would you liked to be viewed by potential employers?
A master’s in human resource management sets you apart from other candidates. If you’re applying for a job within the human resource management field, a master’s in human resources will be viewed positively. If you’re applying for a business position outside the HR field, another degree may be a better option. Again, it all goes back to your career goals. A human resource management degree is ideal if you’re certain you want to work in the field. If you’re uncertain, an MBA is a better way to go.
Are you ready to pursue your master’s in human resource management? Explore how Walden’s MS in Human Resource Management can help you meet your career goals.