MBA Human Resources

This is a brief comparison 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.
Now you can decide what suites you. Best Wishes.