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

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 HRM and Finance Course Details

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.

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.

Top Government Colleges

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

Top Private Colleges

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

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.

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.

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.

As a summary, both MBA course tracks 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).