Plz tell me in MBA program which is better finance, or HR, I'm bio student so which will be easy for me, and tell me the scope of hr, financ
First of all it's about your interest on HR or Finance.
But since your graduation is other than commerce you need to learn the basic commere subjects which comes in your MBA in finance. In this case HR will be more good option.
After MBA if you do some certificate courses it will be more helpful. If you are a HR person you can choose your career in different sides. You can choose administration side , Industrial Relations in good companies,Recritment side,Teaching side, even you can start a good startup and manage things very well.
Hey,
Firstly,This isn’t just a degree, it’s your life. Where do you think you see yourself ? If you don’t know,then there are some comparisons: HR is a support function and Finance is a business function.Both the streams are amazing to follow. If you are good in dealing with people then you should go ahead with HR but if you are interested in calculations or quantitative work or financial activities attract you,then go ahead with Finance.
Some of the skills required for HR profile are:
1. People Management
2. Communication skills
3. Observation & Listening skills
4. Negotiation
5. Innovation
6.Emotionally Strong
Finance profile:
1. Analytical skills
2. Mathematical skills
3. Logical thinking
4. Time management
5. Problem solving
Hey
With the nature of the job roles changing rapidly, it is evident that whichever MBA program you choose, you have to be constantly upgrading and developing yourself. It all depend on one’s interests and choices.
I would differentiate both specializations on few aspects to make things more clear to you.
Key topics/subjects
HR
Management concepts & organizational behavior,Business environment and Law, Human Resource management, Performance management, Operations research and management, Compensation management, Employee legislation
Finance
Managerial Economics, Marketing management, Financial management, Strategic management, Investment and Portfolio management, International trade and finance, Financial derivatives, Merchant Banking & Financial services
Skills
HR
People person, Communication skills, Listening skills, Negotiation, Discretion, Innovation, Easily approachable, Emotionally Strong
Finance
Analytical skills, Mathematical skills, Logical thinking, Problem solving, Time management, Market savvy, Technology savvy
Make a wise decision
Good Luck
Both are good. even you can do dual specialization in both of these specializations.
You should have cleared any one entrance test (such as CAT/MAT/XAT/NMAT/CMAT/GMAT/
NEST ) accepted by various colleges and you should also have minimum of 45% to 55% in your bachelors(any stream) for admission in the same. Admission in MBA is done via two modes- either through an entrance exam or direct admission which is based on merit basis or management quota basis.
MBA
Specialization, which are as follows:Oil and Gas Management
Hospital and Healthcare Management,
Supply Chain and Logistics,
Tourism and Hospitality,
Financial Markets,
Finance,
Marketing,
Human Resources,
Business ,Operations,
Information Technology,
Retail Management,
Strategy,
Entrepreneurship,
Business Analytics,
E-Commerce,
Banking and Financial Services,
Agri - Business Management.
Some good institutes are :IIMs
Xavier's Labour Relations Institute, Jamshedpur
Indian School of Business ,Hyderabad,
Lovely Professional University, Punjab
K.J. Somaiya Institute of Management Studies and Research Mumba
Lal Bahadur Shastri Institute of Management Delhi
Management Development Institute (MDI), Gurgaon
Narsee Monjee Institute of Management Studies, Mumbai
National Institute of Industrial Engineering , Mumbai
Faculty of Management Studies , Delhi
ICFAI Business School, Hyderabad
Jamnalal Bajaj Institute of Management Studies, Mumbai
International Management Institute New
Hey Rahul!
HR will be easier, even students coming from Arts background do it. But, I would suggest, if you have an interest in Finance you can easily do it. It completely depends upon your determination. The scope in Finance is divided into categories like Investment Banking and Equity and Risk Management. In case, you want to hone your Finance skills and for an added advantage, you can take CFA level 1. HR needs better communication and understanding skills. And, you need to learn all the HR rules, which a person learns over time. HR professional's scope depends upon the organization he/she is working and work-culture. The perks of it are travelling and less stressful life.
Rahul in MBA every specialization is equally important and difficult. In MBA students from every background graduation, can so specialization in any of the streams. So, it's always better to decide the specialization according to your interest rather than your graduation stream so that it could help you in the long run to excel your career. After joining in all the good colleges you will get an opportunity to study subjects from all the stream which will help you in figuring out the stream more convenient for yourself to do specialization in the second year.
Still, if you want to choose one among between finance and HR with a biological background finance might be a little tough for you because of the Mathematical part but again let me tell you the mathematical part involved is not at all too difficult and if you are interested then you can easily crack this stream.
Feel free to ask if you have any more queries. All the best!!
Hello Rahul! Finance is better than HR. But finance is going to be a bit difficult for you as it will have some parts which will mathematical. So, if you don't want to get into that go for HR. Hope this helps.