Students who are aspiring to enter a career in an HR-related field often wonder if earning a bachelor’s degree in human resources is really worth it. Well, undergraduate majors in human resource management often are housed in a university’s business school to provide students with the ability to build upon their broad-based business education to lay the foundation for playing a significant role in the strategic successes of today’s workplaces. With a basic understanding of the fluctuating landscape of corporate culture, baccalaureate-level degrees in human resources qualify graduates to begin finding immediate employment in HR departments of small business, non-profit organizations, private corporations, and global enterprises. In this article, we will take a look at the benefits that come with pursuing a bachelor’s in human resources degree to determine whether it is the ideal educational path for you.
Areas of Career Development
Unlike majors in other business disciplines, bachelor’s degree programs in human resources offer undergraduate students the valuable opportunity to specialize their studies in coursework directly related to the essential skills needed to effectively manage a business’s human capital. HR majors develop their career in various areas of human resources by learning how to motivate employees, enforce government regulations, handle labor negotiations, establish competitive employee benefits, and developing training programs for maintaining a successful workplace with optimal productivity. Most four-year degrees in human resources aligned with the curriculum guidelines of the SHRM also incorporate a culminating internship, which will provide ample real-world work experience before graduation.
Future HR Job Outlook
Despite the fact that our job market is still recovering from the recent recession, the job outlook for human resource managers with at least a bachelor’s degree from an accredited institution remains quite strong. As organizations begin to expand their operations and adhere to the rapidly evolving employment laws established by the federal government, there will be in significant demand for HR managers to administer these personnel programs. As a result, the Bureau of Labor Statistics predicts that the employment of human resources managers will grow about as fast as average at the rate of 13%, thus creating 13,600 new jobs before 2022. Earning a bachelor’s degree can also be used as a stepping stone to graduate school for unlocking even more promising job prospects.
Potential Return on Investment
Although the average annual tuition for receiving a bachelor’s degree continues to grow to $22,203 at public universities and $30,094 at private colleges, your training in human resources has the potential to provide a sizeable return on investment. In fact, statistics show that full-time workers with a bachelor’s degree typically earn 84% over their lifetime than those with only a high school diploma. Human resource management particularly offers a high ROI because managers in HR-related fields earn an average salary of $111,180 each year. Earning a bachelor’s degree in human resources will place you on the track to planning, directing, and coordinating HR activities to potentially make upwards of $177,460 annually!
Overall, pursuing a bachelor’s degree related to human resource management is a wise career move for undergraduate students seeking to develop the decision making, interpersonal, leadership, communication, and organizational skills to help companies retain a qualified workforce for ultimate success. Once you receive a bachelor’s degree in human resources, you will develop your career abilities in preparation for entering a favorable job market and brings home a strong return on your tuition investment.