Finance or HR MBA


A comparision of mba in finance and mba in hr (human resources) brings about the different aspects involved, not only in the course but also the different functioning involved in these two aspects of management.

As in others, the skillsets and personal attributes again differ in these two.

So, here we give below a brief comparision for you to decide, finance or hr, which is just right for you.

study focus

Finance

investments, securities, market analysis, economics, costing etc.,

HR

people management, human resource development, employee legal issues

eligibility

Finance

Graduation (any stream – preferably commerce)

HR

Graduation (any stream)

roles (head-to-head)

Finance
  • Finance team design strategies to raise capital from different sources for effective funding of projects

  • It assesses risks and benefits involved in projects vis-à-vis market economics

HR
  • HR team delegates right person to the right job, which ensures smooth sailing and stability to the organisation.

  • It evaluates performance and design succession planning to create an equal balance and ensures retaining talents

work profile

Finance
  • Compiling financial information

  • Assessing feasibility of projects

  • Raising funds

  • Cost management

  • Analysing legal and financial aspects of new investments

HR
  • Recruitment and selection

  • induction, training and orientation

  • Retention and succession planning

  • Designing performance management systems

  • career planning, counselling and appraisal etc.,

Career demand
(no. of jobs vis-à-vis people required in an organisation)

Finance

Medium
(though finance is the life-blood of an organisation, the team consists of less management personnel as compared to marketing / sales.)

HR

Medium
(though it controls every staff across the organisation, the HR team consists few members – hence a smaller team)

Career risks

Finance

Medium to High

Finance jobs, esp. in investment companies, which are directly dictated by market conditions, are more risk prone, due to fluctuating marketing conditions.

However, they are far more secure in other industries.

HR

Medium

HR jobs are not dictated by market conditions.

Hence, it comes with less risk and more job security.

skills & attributes

Finance
  • numerical ability

  • attention to detail

  • good reasoning skill

  • make and implement decisions.

  • clear communication

  • logical approach

  • problem solving skill

HR
  • people management

  • patience and perseverance

  • outgoing personality with positive attitude

  • clear communication

  • logical approach

  • problem solving skill

which one to choose – finance or hr ?

Both fields have great career prospects, hence –

– Choose the field that appeals you more

– Define the role you wish to play in future, and

– Ensure you have talents and skills to match your choice.

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