MBA in HR vs Finance – Colleges, Syllabus, Fees, Admission & Salary

MBA / PGDM, Duration - 2 Years

Is this course a right fit? Check Eligibility

Ravi Upadhyay
Ravi Upadhyay

MBA in Finance and Human Resource Management (HRM) is a postgraduate program of two years. Candidates need to acquire a Bachelor's degree in a relevant field or an equivalent degree from a recognized university to be eligible for admission. The average program fee may appear most commonly range between INR 56,000 and INR 8,74,000.

Typically, a candidate would take the National or University entrance exams for regular admission. After clearing the MBA entrance exam, institutes usually hold GD and PI to finalize admissions. This course is intended for aspiring students seeking successful careers in Banking, Finance, and Human Resource Management. The MBA in Finance and HRM opens various career paths in the financial sector.

Graduates can find employment in various sectors, including educational institutions, banks, financial organizations, and advertising and marketing companies. For all employment opportunities after achieving an MBA in Finance and HRM, you could hold a position such as Marketing Manager, a job with a bank, or a Finance Manager, and will end up realizing yearly average salaries that range from INR 3 to 8 LPA.

mba in hr and finance

MBA in HRM and Finance Course Highlights

Particulars

Details

Course Level

Postgraduate

Duration

2 Years

Examination System

Semester-based

Eligibility Criteria

Master’s degree in a relevant discipline or an equivalent qualification

Admission Process

Entrance Exam followed by Group Discussion and Personal Interview

Course Fee Range

INR 80,000 – INR 10,00,000 (varies by institute and location)

Average Starting Salary

INR 4,00,000 – INR 9,00,000 per annum (with growth opportunities higher in MNCs)

Top Recruiters

Deloitte, PwC, Infosys, HDFC Bank, ICICI Bank, TCS, Reliance Industries, Government Financial Bodies

Major Employment Areas

Universities & Research Institutes, Banks, Consulting Firms, Corporate Houses, Marketing & Analytics Sector

Popular Job Roles

Business Analyst, Investment Advisor, Data Consultant, Policy Researcher, Training & Development Specialist, Operations Consultant

What is an MBA in HR and Finance?

Choosing the best possible path for your MBA specialization is significant to your eventual career. Human Resources (HR) and Finance are both popular options that bring unique advantages and career opportunities. It is necessary to understand the specific opportunities and challenges in HR and Finance to make the best decision.

MBA in Finance

An MBA in Finance offers students an excellent introduction to financial management, corporate finance, and investment analysis. This specialization will highlight the ability to apply skills related to financial strategy, risk management, and decision-making, which are central to success and competitiveness in the financial sector.

MBA graduates with a Finance specialization will have access to a host of career opportunities in the fields of banking, investment companies, corporate finance, and financial consulting, to name a few. The finance industry is constantly evolving and growing, creating a healthy demand for finance professionals with experience managing investments, complex transactions, and providing financial recommendations.

High-earning positions, such as Financial Analyst, Investment Banker, Portfolio Manager, Financial Controller, and Chief Financial Officer (CFO), can all become accessible through the program. As technology and the complexity of the financial market continue evolving, an MBA in Finance positions graduates to define, analyze, and use their financial knowledge and data analysis skills to further business objectives.

MBA in HR

An MBA in Human Resources (HR), on the other hand, has a focus on human capital management, organizational behavior, recruitment, employee relations, and workforce planning. An MBA in HR is for individuals who aspire to become an HR manager, talent acquisition specialist, training and development manager, compensation and benefits manager, or HR consultant.

Human resource management is a critical factor for an organization’s success, and the need for qualified HR professionals continues to increase, as organizations realize the importance of properly managing people. An MBA in HR prepares graduates to build and implement HR strategies, build inclusive workplaces, improve employee engagement, and identify potential issues with compliance with laws and regulations.

The future of HR is changing due to technology, demographics, and emphasis on culture. As organizations try to attract and retain talent and help shape the future of work, HR professionals with strategic thinking skills, business knowledge, and data analytics skills are becoming more valuable.

MBA in HR and Finance Eligibility Criteria

The eligibility criteria for pursuing an MBA in HR and Finance generally include the following key requirements:

  • Candidates should have a Bachelor's degree or its equivalent in any field from a recognized university or college
  • A minimum aggregate percentage of 50% to 60% in their UG.
  • In the MBA in HR and Finance streams, a qualifying exam should be passed from an MBA Entrance Exam.
  • Some top or Executive MBA colleges may require relevant work experience, especially if they are looking for Finance students, but there is no requirement to have work experience in a regular full-time program.
  • In general, there is no minimum or maximum age limit for admission into MBA programs, but some colleges and institutes may have guidelines.
  • After candidates take the entrance exam, candidates may have to qualify for GD, PI, and/or WAT rounds as part of their admission process.

MBA in HR and Finance Admission Process

MBA in Finance and HRM Admission can only be acquired based on the candidate’s performance in the entrance examination held by the college or university, followed by a GD and a PI. Normally, the admission process begins in August. The applicants will be able to take admission either online or offline.

In case of an online application, the applicants must visit the college/university's official site to fill out the application form by entering all the correct details. Once successfully registered, the admission authorities will contact you. Thereafter, you shall have to appear with all necessary documents for admission to the campus. In case of offline applications, the applicants needed to come to the institution, purchase the application form, fill correctly, and submit it back to the college/university.

Once the application is done, the institutes release cut-off marks after analyzing all the applications based on the scores of the entrance exam, which had been done for admission in MBA in Finance and HR Management. Only those who meet the cut-off marks and the admission criteria in other aspects set by the authority are permitted for admission.

Follow the MBA in Finance and HR Management Admission Process

  • Verify eligibility, collect all documents, and apply for the course.
  • Online: Fill in the online application form on the site of the college/ university.
  • Offline: Buy the application in the form of a printed application from the institute and fill out the form to apply.
  • Appear for the entrance examination at the college/university.
  • Be present at GD and PI rounds once you qualify for the MBA entrance exam.
  • Find out the cut-off marks published by the institute after the results are declared based on your entrance test results.
  • Go for document verification at the college/ university campus for the final admission procedure.
  • Secure admission after meeting the MBA HR cutoff and fulfilling all admission procedures or admission requirements as set by the authorities.

MBA in HR and Finance Entrance Exams

The aspiring candidates for the MBA in HR and Finance need to prepare adequately for difficult tests for entrance to the best MBA colleges in India to demonstrate their worthiness for the program, as well as to gain admission.

MBA in HR and Finance Syllabus & Subjects

Candidates seeking detailed information about the MBA HR syllabus for each academic year can refer to the table provided below for a clear year-wise breakdown.

MBA HR Subjects in 1st SemesterMBA HR Subjects in 2nd Semester
Principles of Management and Organizational BehaviorCost and Management Accounting
Human Resource ManagementMarketing Management
Quantitative Techniques in ManagementHuman Resource Development and Planning
Managerial EconomicsMethodology of Training and Planning
IT for ManagersProduction and Operations Management
Corporate CommunicationBusiness Environment and Ethics
Financial AccountingOrganization Effectiveness and Change
MBA HR Subjects in 3rd SemesterMBA HR Subjects in 4th Semester
Strategic ManagementStrategic Analysis
Business Ethics and Corporate Social ResponsibilityInternational Business Environment
Legal Environment of BusinessTalent Management
Performance ManagementIndustrial Relations and Labor Legislations
Training and DevelopmentHuman Capital Management and HR Audit
Organizational Change and DevelopmentEntrepreneurship Development
Compensation ManagementHuman Resource Information System

Top Colleges for MBA in HR and Finance in India

The decision to choose the right institution is a critical step in the path of your MBA journey. The Top MBA College in India has delivered high-quality management graduates, and has an extremely rigorous curriculum, highly experienced faculty, and an excellent placement track record, in very close collaboration with the industry's best.

Institutions such as IIM Ahmedabad, XLRI Jamshedpur, IIM Calcutta, and FMS Delhi are regularly associated with top B-Schools for MBA studies, especially for specializations like HR and Finance. The primary factor for students to choose top colleges not only helps them with learning, but also enhances their career prospects and salary potential.

College Name

Specialization

MBA Course Fees

XLRI Jamshedpur

HR & Finance

₹22 - 24.8 Lakhs

IIM Ahmedabad

Finance

₹23 - 25 Lakhs

IIM Calcutta

Finance & HR

₹23 - 25 Lakhs

IIM Lucknow

HR & Finance

₹13 - 23 Lakhs

IIM Indore

HR & Finance

₹20 - 23 Lakhs

MDI Gurgaon

HR & Finance

₹24 Lakhs

NMIMS Mumbai

HR & Finance

₹18 - 24 Lakhs

SCMHRD Pune

HR

₹22.3 Lakhs

TISS Mumbai

HR

₹2.4 Lakhs

IIM Ranchi

HR

₹17.5 Lakhs

SPJIMR Mumbai

Finance

₹21 Lakhs

FMS Delhi

Finance

₹2 Lakhs (approx.)

Top Government Colleges

Government institutions are known for offering MBA HR at lower fees with good placements.

Campus

Fees

IIM Ranchi

₹18-19 lakhs

IIM Indore

₹21-23 lakhs

IIM Kohzhikode

₹20-22 lakhs

IIM Trichy

₹17-18 lakhs

TISS Mumbai

₹1-1.2 lakh

FMS Delhi

₹2 lakh

IIT Kharagpur

₹10 lakhs

BHU

₹1-1.5 lakhs

University Business School

₹1.3 lakhs

Top Private Colleges

Private colleges offer flexibility in selection and may accept multiple exams. A list of the same has been given below:

College

Fees

XLRI Jamshedpur

₹24-26 Lakhs

NMIMS Mumbai

₹22 Lakhs

SIBM Pune

₹22-24 Lakhs

Amity University

₹12-14 Lakhs

Welingkar Institute Mumbai

₹7-8 Lakhs

Top Distance College

Distance and online MBA programs are gaining a lot of popularity due to their flexibility. They are best for working professionals or students on a budget.

University

Mode

Fees

IGNOU

Distance

₹30,000-₹40,000

NMIMS

Online

₹1.5 lakhs

SCDL (Symbiosis Centre)

Distance

₹70,000-1 lakhs

Jain University

Online

₹1-1.2 lakhs

Amity Online University

Online

₹1.5-1.6 lakhs

MBA in HR and Finance Fees in India

This table indicates that government colleges are affordable in the fee range of ₹1 lakh to ₹10 lakhs. Private colleges charge premium fees but were always considered to have better infrastructure and global exposure.

The IIMs offer better MBA in HR and Finance programs with a fee range of between ₹17 lakhs to ₹23 lakhs. Using this comparison, prospective students can assess the MBA Course Fees for India while selecting the right college for an HR specialisation.

College Name

Fees

TISS Mumbai

₹1 - 1.2 Lakhs

FMS Delhi

₹2 Lakhs

IIT Kharagpur

₹10 Lakhs

BHU

₹1 - 1.5 Lakhs

University Business School, Chandigarh

₹1.3 Lakhs

XLRI Jamshedpur

₹24 - 26 Lakhs

NMIMS Mumbai

₹22 Lakhs

SIBM Pune

₹22 - 24 Lakhs

Amity University

₹12 - 14 Lakhs

Welingkar Institute Mumbai

₹7 - 8 Lakhs

IIM Ranchi

₹18 - 19 Lakhs

IIM Indore

₹21 - 23 Lakhs

IIM Kohzhikode

₹20 - 22 Lakhs

IIM Trichy

₹17 - 18 Lakhs

MBA in HR and Finance Salary & Career Scope

An MBA in HR and Finance in India has immense career opportunities with high salaries based on industry, experience, and the educational background of the student. For MBA HR graduates, starting salaries range from ₹3 to ₹8 LPA. HR roles are necessary for many sectors, including IT, FMCG, manufacturing, and serving as consultants.

In contrast, MBA Finance salary for entry-level candidates is available, typically at ₹6 to ₹12 LPA, especially from top institutions such as the IIMs, and possibilities can reach ₹20 to ₹30+ LPA. Finance professionals range from Financial Analysts and Asset Management or Investment Banking Consultants to Private Equity Associates.

Aspect

MBA in HR

MBA in Finance

Entry-Level Salary

₹3-6 LPA

₹6-12 LPA

Mid-Level Salary

₹8-15 LPA

₹10-20+ LPA

Senior-Level Salary

₹30-60+ LPA

₹20-30+ LPA

Top Job Roles

HR Manager, Talent Acquisition, CHRO

Finance Manager, Financial Analyst, CFO

Industry Sectors

IT, FMCG, Manufacturing, Consulting

Banking, Investment, Corporate Finance

Career Growth Drivers

Talent strategy, workforce analytics

Financial modeling, risk management

As a summary, both MBA coursetracks have rich options, steady viable growth trajectories, and landscapes appealing to very different interests: HR being about people and organizational culture, and Finance being about financial strategies or corporate social leadership.

Jobs after an MBA in HR and Finance

Graduates with an MBA in Human Resources (HR) have the opportunity to explore a multitude of jobs across various industries (IT, consumer packaged goods, health care, retail, start-ups, etc.). The career paths are varied, and roles might include Human Resource Manager, Talent Acquisition Specialist, Compensation and Benefits Manager, etc. The positions will cover different aspects of strategic features of talent, engaging employees, onboarding, training, and planning for attrition.

With an MBA in Finance, the career prospects are strong, given the various sectors with this qualification and attractive companies to work for in banking, investment houses, corporate finance, and risk management. Common jobs include Investment Banker, Financial Analyst, Finance Manager, Risk Manager, Corporate Strategy Corporate social responsibility officer, and Chief Financial Officer (CFO).

Job Role

Average Salary (₹ LPA)

Experience Level

HR Executive / Analyst

3 LPA - 6 LPA

Entry-level roles

HR Manager / L&D Specialist

8 LPA - 12 LPA

Mid-level management

HR Business Partner / Talent Head

14 - 25 LPA

Senior roles, strategic HR

CHRO / HR Director

30 LPA - 60+ LPA

Top leadership roles

Financial Analyst

6 LPA - 12 LPA

Entry to mid-level

Finance Manager

12 LPA - 25 LPA

Mid-level management and strategic roles

Investment Banker

20 LPA - 35 LPA

Senior roles in M&A

CFO / Finance Director

30 LPA - 70+ LPA

Top corporate finance leadership

Top Recruiters

Coca Cola Coca Cola
Adobe Adobe
Dell Dell
3i infotech 3i infotech
3M 3M
Amazon Amazon
American Express American Express
Bank of America Bank of America
Cognizant Cognizant
Citigroup Citigroup
Cisco Cisco
Central bank of india Central bank of india
Cadbury Cadbury
Boston Consulting Group Boston Consulting Group
Boston Analytics Boston Analytics
booz and company booz and company
atkearney atkearney
axis bank axis bank
Bank of Baroda Bank of Baroda
Bank of  India Bank of India
barclays capital barclays capital
Continuum Solutions Continuum Solutions
Cushman and Wakefield Cushman and Wakefield
Deloitte Deloitte
D. E. Shaw India Software Private Limited D. E. Shaw India Software Private Limited
Deutsche Bank Deutsche Bank
Dr.Reddy’s Laboratories Ltd Dr.Reddy’s Laboratories Ltd
Emami Limited Emami Limited
escorts escorts
essar group essar group
evalueserve evalueserve
eveready eveready
Futures First Futures First
Ge Capital Ge Capital
General Motors General Motors
godfrey philips india godfrey philips india
goldman sachs goldman sachs
grail research grail research
Hindustan Aeronautics Limited (HAL) Hindustan Aeronautics Limited (HAL)
Hindustan Unilever Limited Hindustan Unilever Limited
Hewlett-Packard (HP) Hewlett-Packard (HP)
HPCL HPCL
hughes communication hughes communication
IBM IBM
ICICI Bank ICICI Bank
ici india ici india
imrb imrb
inductis inductis
infosys infosys
ING Vysya Bank ING Vysya Bank

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