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Master of Business Administraion(MBA)

Human Resource Management - Courses and Careers

Human resource (HR) management focuses on maximizing employee performance to meet the employer's strategic objectives. It involves concentration on policies and systems, recruitment, training, development, performance appraisal, managing payments and benefits, industrial relations, harmonious employer and employee relations and also balancing of organizational practices. So a degree like an MBA in HR Management will equip you with all these key skills, concepts and the knowledge to manage human resources in a way which leads to the success of a company.

What does an HR management course teach?

MBA in HR courses will not only focus on Human Resource Management topics but also cover Economics, Finance, General Management, Information Systems, Marketing, Organizational Behavior, Production, Operation and Decision Sciences and Strategic Management.

Human Resource Management particularly, will cover the following core topics

  • Employment Relations Law - Law of Industrial Relations
  • Employment Relations Law - Law of Social Security
  • Fundamentals of Human Resource Management
  • Fundamentals of Industrial Relations
  • Fundamentals of Labor Laws
  • Human Resource Planning
  • Performance Management and Appraisal
  • Wage Determination and Administration

Students can also choose from a vast range of electives, some of which maybe the following,

  • Employee Empowerment
  • Grievance Resolution
  • Managerial Competencies and Career Development
  • Managerial Counseling
  • Measuring HR
  • Occupational Testing
  • Organizational Change and Development
  • Participative Management
  • Role of HR in Knowledge Management
  • Selection
  • Taxation
  • Strategic Human Resource Management


Though a full time MBA will span 2 years, distance education and online courses are also available. Duration, curriculum and degree of recognition may vary from institute to institute. A student with a bachelor's degree in any discipline, from any recognized university, is eligible to apply for MBA - HR. You may need to appear for CAT/MAT/XAT or similar entrance examinations, to qualify for admission into the b-schools offering such courses.

Career Scope in Human Resource Management

In recent times, since HR professionals play a vital role in selecting the right manpower for an organization, almost all big or small companies are hiring them. After completing MBA, you should easily find scope for work in several sectors like information technology, government organizations, media houses, newspapers, and other verticals.

The various job roles available for those with an MBA in HR management are,

  1. HR Assistant
  2. Recruiter
  3. Training and Development Coordinator or Manager
  4. Payroll Specialist
  5. Human Resources Manager
  6. Employee Relations Manager
  7. Compensation or Benefit Analyst or Manager
  8. HR Information Systems Manager
  9. Labor Relations Manager

Your career path can also take you to climb high and become director or vice president of HR.

Finance Management - Courses and Careers

Finance management in India has been and will continue to be a major requirement since most businesses understand the value of properly managing their assets. Financial management is focused on the planning and controlling the financial resources of any industry. A bachelor's degree in finance can help you to work in commercial banking, investment banking, financial planning, money management, insurance and so on. But an MBA in Finance will help you move up the corporate ladder and get more prominence in your job. Such courses offer students a deep understanding of financial management, technological proficiency, interpersonal skills, professional insight, business skills and managerial skills.

What does an MBA Finance course teach?

MBA (Finance) or financial management courses broadly includes some or all of the following aspects:

  • Accounting for Managers
  • Business Communication
  • Quantitative Methods for Management
  • Organizational Behavior
  • Managerial Economics
  • Macroeconomics
  • Marketing Concepts and Practice
  • Corporate Finance
  • Strategic Management
  • Investment Analysis and Portfolio Management
  • Financial Markets and Institutions
  • Advanced Financial Management
  • Public Financial Administration
  • Business and Corporate Laws
  • Human Resource Management
  • Information Technology for Finance
  • Production and Operations Management
  • Treasury and Risk Management
  • Mergers and Acquisitions
  • Microfinance and Insurance

Careers after an MBA Finance

After completion of Finance Management courses, students can find jobs in sectors like

  1. Asset Management
  2. Corporate Finance
  3. Corporate Banking
  4. Credit Risk Management
  5. Derivatives Structuring
  6. Hedge Fund Management
  7. Private Equity
  8. Treasury
  9. Sales and Trading
  10. Stock Market
  11. Prime Organizations
  12. Finance Ministry

Companies such as Goldman Sachs, Morgan Stanley, Merrill Lynch, JP Morgan are also keen to hire finance management professionals. Also an MBA in Finance coupled with a chartered accountancy (CA) degree can enable you to start and run your own business. No wonder that the advanced degree in Finance Management is one of the most sought after career paths.

Infrastructure and Real Estate Management - Courses and Careers

MBA in Real Estate and Urban Infrastructure - this Master of Business Administration (MBA) specialization typically has a two-year curriculum specifically designed to train students in the theory and technique involved in regulatory processes, competition policy and infrastructure service delivery, and cover typical business administration subjects like marketing, strategy and finance, focusing on the needs of the infrastructure sector.

Eligibility Criteria

It is open to fresh graduates and professionals in the midst of their career.

·         For fresh graduates, the eligibility to this program is generally a Bachelor's degree with at least 50 percent marks or equivalent.

  • For graduates who have work experience in government, regulatory bodies, industry, research or academic institutions, or consultancy, a minimum work experience of two years is usually required.
  • Further group discussions and interviews may be applicable as per institution for the selected students.

Career Scope

There is a scope for Infrastructure and Real Estate Management graduates in the following fields,

  1. Facilities Management
  2. Construction and Project Management
  3. Real Estate Finance
  4. Infrastructure Finance
  5. Real Estate Investment Business

Topics covered in urban infrastructure and real estate

The MBA program is usually divided into four semesters.

  • The first semester usually has core subjects like business management, managerial economics, financial accounting and computer applications, and industry-specific subjects like urban infrastructure and real estate, and urban planning and urbanization process.
  • The second semester generally includes subjects like financial management, research methodology and business law as core subjects. Real estate economics, real estate marketing and research, project management and business development of real estate are industry-specific subjects which might be taught in this semester.
  • In the third semester, you will usually find subjects like strategic management and quantitative techniques as core subjects, and legal framework of urban infrastructure and real estate, real estate valuation, funding and investment options, and land procurement and acquisition as industry-focused subjects.
  • The last semester will most probably cover industry-related subjects like construction, contract and safety management, sustainability in built environment, facilities management in large complexes, real estate project implementation and monitoring, and affordable housing. Management in action, social, economic or ethical issues can be part of the core subjects in the syllabus for the final semester. Most universities insist on a project and/or summer internships between the two years of study.

 

Oil, Gas & Petroleum Energy Management - Courses and Careers

The postgraduate Master of Business Administration course is a popular course, since every organization requires management at essentially all levels. There are different domains in which management of business activities has become specialized and narrower in focus. One such domain is the vital field of petroleum and energy management. As its name suggests, this particular specialization focuses upon the management of energy corporations. In the specific case of India, a country with less than sufficient energy generation and supply infrastructure, this field has immense scope for development and expansion. The curriculum for most colleges and institutions that teach this specialization consists of an amalgamation of conventional management disciplines like finance, marketing, operations, human resource management and strategic management, along with focused studies on petroleum and energy sectors like refinery technology and economics, natural gas businesses, exploration and non-conventional energy.


Career Scope

After completing a specialization in this aspect of business management, students could enter institutions or companies in the following sectors,

  1. Power Distribution
  2. Oil Marketing
  3. Power Generation
  4. Oil Exploration
  5. Power Transmission
  6. Energy/Power Infrastructure
  7. Financing/Manufacturing
  8. Energy Sector Consulting Services
  9. NGOs
  10. Other Government Agencies

Topics covered in this course

The course is usually two years long and is divided into four semesters of equal length.

First Semester

  1. business communication and negotiation skills
  2. economics and management decisions
  3. organizational behaviour
  4. fundamentals of oil and gas business
  5. petroleum industry accounting
  6. fundamentals of petroleum exploration
  7. IT applications in the petroleum sector

Second Semester

  1. human resource management
  2. marketing management
  3. research methodology and applied statistics
  4. operations and material management
  5. natural gas business
  6. petro economics
  7. fundamentals of refining
  8. petroleum financial management

Third Semester

  1. business policy and strategy
  2. retailing
  3. international business management
  4. econometrics
  5. supply chain and logistics for the petroleum industry
  6. financing petroleum sector projects
  7. project management and contract administration

Fourth Semester

  1. e-enterprises
  2. oil and gas law and policies.
  3. project or dissertation
  4. internships

 

 

 

 

 

 

 

 

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