There are a number of career paths you could follow with a master's in human resources management, as this degree covers a wide number of topics in business, human resources, and management. Below, we will discuss several different jobs that individuals with this degree could pursue, as well as what each profession entails.
Possible Careers for Individuals with a Master's Degree in Human Resources Management
|Job Title||Median Salary (2016)*||Job Growth (2016-2026)*|
|Human Resources Manager||$106,910||9%|
|Training and Development Manager||$105,830||10%|
|Compensation and Benefits Manager||$116,240||5%|
Source: *U.S. Bureau of Labor Statistics
Human Resources Manager
A master's degree in human resources management would prepare you for a career as a human resources manager. This job involves a number of diverse responsibilities, from interviewing and hiring new employees to making sure employee compensation and benefits packages are fair and competitive. As the manager, you will likely oversee a number of other staff members, like human resources specialists, and also deal with any complaints or problems that occur between employees in the workplace. While some human resources managers may only have a bachelor's degree, some positions require a master's degree, in which case the human resources management degree could help you be a more competitive applicant.
Training and Development Manager
As a training and development manager, you will be in charge of managing an organization's employees and creating programs for employees to make sure they stay up-to-date on new skills. For example, a training and development manager may coordinate a program that instructs employees in how to use a new type of software or a new piece of electronic equipment. These professionals also may plan programs for employees to develop their interpersonal skills and their ability to be effective and efficient employees. These professionals are required to have at least a bachelor's degree, while some organizations may prefer applicants who have master's degrees in an area like human resources or business.
There are many different types of top executives, meaning the job responsibilities for these professionals vary greatly by position and also the type of organization in which they work. Some top executives may serve as general and operations managers, which involves making decisions regarding the day-to-day operation of a company or organization, while others may function as university presidents, in which case they are in charge of running large universities. To become a chief executive, you generally will need a bachelor's degree along with a number of years of relevant work experience. Many top executives also obtain master's degrees in an area related to their organization, and a master's degree in human resources development could help you in ultimately becoming a top executive.
As a management analyst, or consultant, you often are hired by organizations and companies to help solve different types of problems. These issues could include figuring out ways to increase the budget, reduce spending, and implement new procedures and systems to increase efficiency. These professionals may also specialize in a particular area, like healthcare or inventory management, and many of them travel often to meet with clients at their offices. Typically, management analysts have a bachelor's degree in an area like business or management, though having a master's degree in a focused area like human resources management may increase your odds of being hired.
Compensation and Benefits Manager
Compensation and benefits managers are primarily responsible for the creation and development of plans that determine how employees are paid and what kinds of benefits they receive through their employer. These professionals make sure that they are offering employees competitive compensation and benefits packages in order to entice quality applicants. They also need to ensure that the packages they offer make good financial sense for their organization. Compensation and benefits managers must stay on top of new types of insurance policies and vendors in order to create desirable and affordable benefits packages. Generally, these professionals have a bachelor's degree in a field like human resources, finance, or business management. With a master's degree in human resources management, you will be highly qualified as an applicant.
A master's degree in human resources management can prepare individuals for a wide variety of careers. Some of these jobs focus on general aspects of human resources, while others emphasize specific aspects, like compensation and benefits.