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MBA in Marketing & HR Management 2024- Explained Everything!
MBA in Marketing & HR Management 2024- Explained Everything!,Sep 25, 2024
Online MBA
Sep 25, 2024
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Management experts with dual specializations in marketing and human resource (HR) management are in high demand in today's cutthroat corporate world. Students pursuing an MBA in marketing or HR management can focus on these two important areas and have access to a wide range of career options. Businesses are searching for CEOs who can successfully manage their human resources and negotiate the ever-changing marketing landscape; as 2024 approaches, there will probably be a greater demand for these individuals.
This page goes into great depth on the course curriculum, prerequisites, career paths, and ways that earning an MBA in Marketing and HR Management in 2024 could strengthen your professional prospects.
What is an MBA in Marketing & HR Management?
A Master of Business Administration which is commonly known as an MBA program is a postgraduate program specializing in empowering learners with the power of administration and management in the fields of marketing and Human Resource management simultaneously. The program spans 2 years which is further divided into 4 semesters with 6 months duration each. Universities have designed MBA programs in dual specializations to upgrade competency in both fields. The Dual MBA program guarantees students comprehensive theoretical and practical knowledge in areas such as computer behavior, market research, employee recruitment, organizational development, talent management, advertising strategies, and more.
While marketing focuses on determining the needs of consumers, promotions, and services to improve customer satisfaction, HR Management sets its focus on managing the workforce of an organization, optimizing the culture, and improving employee engagement and retention. The combination of both specializations helps learners take leadership roles requiring both marketing and human resources skills.
An Overview: MBA in Marketing and HR Management
Program Name | Master of Business Administration in Marketing and HR Management |
Qualification | Post Graduation (PG) |
Duration | 2 years (24 months) |
Eligibility | Bachelor’s degree from any recognized university |
Course Fee | INR 40,000- INR 5,00,000 |
Admission Process | Merit-based or Entrance-based |
Job Opportunities |
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Recruiting Industries |
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What is Marketing?
Marketing is the process of identifying, estimating, and satisfying customer needs and wants through product or service advertisement. It involves a range of activities, such as product creation, market research, advertising, and sales strategies, to create long-lasting client relationships and encourage business growth. Through marketing, businesses may connect with customers, create value propositions, and discover more about their target market. A company's success in the modern digital era depends on its marketing strategy, which includes social media campaigns, online initiatives, and data-driven approaches.
What is HR Management?
Human resource management (HRM), a broad discipline, is responsible for managing an organization's administrative tasks, including payroll and compensation, hiring and recruiting, engagement and retention, strategy development, and management-employee mediation. Managers of human resources are essential in creating the culture of an organization.
Additionally, they collaborate directly with staff members to help them advance professionally, feel satisfied in their positions, handle conflict at work, and develop their communication abilities. Human resource management (HRM), a broad discipline, is responsible for managing an organization's administrative tasks, including payroll and compensation, hiring and recruiting, engagement and retention, strategy development, and management-employee mediation. Managers of human resources are essential in creating the culture of an organization.
Key Highlights of an MBA Program in Marketing and HR Management
- The MBA program is designed to offer dual specializations in Marketing and Human Resources (HRM)
- The Program spans 2 years. However, it depends on the university offering the program.
- The comprehensive curriculum of the program is meticulously designed by the seasoned combined team of globally renowned faculty members and industry specialists ensuring the latest and perfectly theoretical and practical blend curriculum.
- Throughout the educational journey, learners will get several career opportunities for students in Marketing, HR Consulting, and Business Development.
Comprehensive Curriculum of an MBA Program in Marketing and HR Management
Semester 1 | Semester 2 |
Business Communication | Indian Economic Policies and Reforms |
Business Economics | Operations Research |
Statistics for Managers | Finance for Managers |
Indian Ethos and Business Ethics | Consumer Behaviour and Insights |
Business Law | Human Resource Management |
Financial Reporting Statement and Analysis | Talent7 Acquisition |
Marketing Management | Open Elective |
Organizational Behavior | Entrepreneurship EcoSystem (PCL 1) |
Open Elective | — |
Reporting Writing and Presentation Skills | — |
Entrepreneurship EcoSystem (PCL -1) | — |
Semester 3 | Semester 4 |
Global Business Management | Strategic Management |
Operations Management | Organization Design |
Business Research Methods | Marketing of Services |
Sales and Distribution Management | Global Marketing |
Business-to-Business Marketing | Human Resources Management Functional Skills |
Employee Compensation and Benefits Management | Employer-Employee Relations |
Performance Review System and Talent Retention | Skills Enhancement Course |
Skill Enhancement Course | Master Thesis |
Summer Internship Project | Entrepreneurship Project (PCL 2) |
Master Thesis | — |
Entrepreneurship Project (PCL 2) | — |
Fee Structure
Depending on the school, an MBA degree in marketing or HR management can cost different amounts. A two-year MBA program in India typically costs between:
- Public institutions: ₹2,00,000 – ₹8,00,000
- Private institutions: ₹5,00,000 – ₹20,00,000
Some universities offer scholarships or financial aid based on academic performance, financial need, or merit.
Other Demanding Online MBA Specializations
Career Opportunities
An MBA Program in HR and marketing opens the door to several trailblazing opportunities for graduates including.
- Human Resources Manager
- Talent Acquisition Specialist
- Training and Development Manager
- Compensation and Benefits Manager
- Labour Relations Specialist
- HR Business Partner
- Brand Manager
- Product Marketing Manager
- Marketing Director
- Social Media Marketing Manager
- Marketing Analyst
- Digital Marketing Specialist, and More.
Frequently Asked Queries
A1. You might move closer to obtaining the career of your desire with the aid of your MBA. But with so many options, choosing the appropriate specialization becomes essential. Carefully crafting your career path and area of expertise involves more than just checking boxes. This makes choosing between an MBA in HRM and an MBA in marketing crucial.
A2. There are several gripping reasons to opt for a Human Resource Management specialization in an MBA program:
- HR Managers or professionals are in high demand around the globe in all industries.
- An MBA program in HR Management opens the door to an ocean of opportunities for various specializations including recruitment, training, or employer-employee relations.
- Skilled HR professionals get competitive salaries and other benefit packages.
- HR managers are responsible for shaping company culture and employee well-being.
A3. There are several gripping reasons to opt for a Marketing Management specialization in an MBA program:
- High demand: Marketing experts are in great demand in all economic domains. Possessing a marketing MBA will place you well in this cutthroat industry.
- High Paying Salaries: Marketing positions may be very profitable, particularly for individuals with an MBA and expertise.
- Many career opportunities: There are many different career paths in marketing, such as brand management, social media marketing, product marketing, and marketing analytics. Possessing an MBA will enable learners to investigate numerous fields and identify the one that most closely aligns with their interests.
- Make a significant impact: Learners have the opportunity to truly influence the performance of an organization through marketing. Their efforts have the power to influence sales, raise brand recognition, and eventually increase profitability.