Become Job Ready with CollegeDekho Assured Program
Learn More

MBA Finance vs MBA HR: What to Choose?

Saswata GhosalUpdated On: July 15, 2022 04:34 pm IST

This article sheds light on the issue of choosing the specialization between MBA Finance vs MBA HR. Students are confused about how to make the right choice between specializations. It talks about how the students should use their skill sets and their aspirations to choose the perfect fit.


MBA Finance vs MBA HR

MBA is one of the most sought-after degrees in the field of professional degrees, but how do you choose the right specialization? It is the most challenging yet prestigious degree for aspirants looking for a great career in the field of management. This article is going to shed some light on how to choose the perfect specialization for you, to make the most of your MBA.

MBA Finance vs MBA HR - What to Choose?

So what do these two courses entail? MBA has the same set of subjects during the first semester. Finance specialization includes Valuation, Financial Modelling, Financial Analysis, Budgeting, Investment Analysis, and Business Economics. Whereas, HR includes employment relations, labour laws, human capital calculation, and operational management.  The field of finance deals with the financial and investment aspect of the business and HR deals with the personnel management of the company. 

MBA Finance vs MBA HR - How to Choose?

MBA being a professional degree, allows students to get hold of the practical knowledge in the discipline of management. Thus the biggest determinant of choosing the specialization for an MBA is the line of profession you intend to get into. 

There are certain questions that you can ask in order to better analyze the situation to pick up the right fit for you. Firstly, you need to ask yourself what you are good at. Every student, every working professional has a certain domain in which he is good. This is the first factor in choosing the specialization. If numbers and analytical skills are your things, you should be inclined more toward MBA in Finance. If interpersonal and communication skills are your strong suit then HR would be a better fit for you.

Secondly, you should ask yourself what your career aspirations are. If you want to work in the banking and financial industry, your choice becomes obvious and if you want to work in organizations managing personnel then HR would be your thing. 

Skills Required for MBA Finance vs MBA HR 

Different disciplines require different skills in order to succeed and flourish in a particular field. For example, to succeed in the field of finance, students need to be well adapted to analyzing numbers, going over financial statements, and making critical decisions on the basis of data analysis. Thus strong numerical skills and an analytical mind are what are required to shine in the field of finance. Whereas succeeding in the field of HR requires much more interpersonal and soft skills. The job role in the HR department mostly deals with human interaction. Thus strong communication skills, and adaptability. Also, the ability to work in teams is a must for people wanting to make a career in the field of HR. 

Scope of MBA Finance vs MBA HR 

Most organizations in today's business world have all the departments in-house and thus have students across all disciplines. So the idea that jobs in any sector are limited stands redundant now. Getting an HR MBA can land you a job in a Finance company. On the other hand, getting a finance degree might land you a job in a typical HR company. So what is the difference? The difference lies in the number of jobs available in each sector varies according to specialization. Getting a Finance MBA helps in getting jobs in the Banking, Mutual Funds, Investment banks, Insurance, and Stock Market Brokerages. HR managers are hired across all companies but especially in HR consultancy firms. 

MBA Finance vs MBA HR- Curriculum 

As the name suggests, MBA Finance deals with main subjects in the financial domain like Taxation, Finance, Securities and Derivatives, Accountancy, and Economics. The subjects in the second year diversify to Risk Management, Portfolio Management, and Security Markets. Thus the course helps in forming an overview and intricate knowledge of the Financial world. 

The HR Curriculum includes subjects like Labour laws, Behavioural Psychology, contemporary operation management, business communication, and managerial economics. Thus taking up HR would help in gaining knowledge regarding personnel management, and appropriate motivational techniques. At the same time how to achieve all that in the most cost-effective way.

MBA Finance vs MBA HR - Job Profiles 

The job profiles differ according to specialization. The job profiles are not uniformly provided but instead depend on a lot of factors. The job profile offered would be made on the basis of prior work experience, individual skills, and knowledge and the soft skills quotient would also matter. Thus, the most commonly offered job have been listed below:


                      MBA Finance

  • Personnel Manager 
  • Compensation Analyst 
  • Compensation Manager 
  • Chief Diversity Officer 
  • Benefits Administrator 
  • Recruitment Officer 
  • Credit Manager 
  • Financial Analyst 
  • Corporate Controllers 
  • Risk Managers 
  • Investment Bankers 
  • Investing Associate 
  • Portfolio Manager 
  • Hedge Fund Manager 

Salary Expectations after MBA HR and MBA Finance

The salary offered after getting your MBA degree depends on a number of factors. It firstly depends on the ranking of the college, the more reputed college it is the more companies come to it and the higher the package will be. The next important thing that recruiters look for is prior relevant experience. Having prior relevant work experience helps in getting a better offer. As the companies are assured that such people would be more easily adaptable to the work that they are assigned. The next important thing would be the skills and knowledge of the students. The easiest way to demonstrate the skills would be to acquire certifications and complete courses in order to be a better fit for the companies. The below table demonstrates the average salary of the students taking up the courses. 


MBA Finance



18.9 Lakhs

16.2 Lakhs


7.8 Lakhs

6.5 Lakhs


5.6 Lakhs

4.5 Lakhs

Note: The average package may vary according to the work experience and skills and knowledge of the students. The figures provided are just reflective of average trends. 

MBA Finance and MBA HR Colleges 

The most important question that comes into mind after understanding the course, curriculum, and future prospects, is which college should you join to avail the most value.  There are a lot of colleges both private and government across India where you can go for an MBA depending upon your affordability, academic record, distance from home, and any other such factor that would influence your decision-making process. 

          MBA Finance Colleges

                     MBA HR Colleges

  • IIM Calcutta
  • FMS Delhi  
  • MDI Gurgaon  
  • IIM Indore  
  • Rajasthan Institute of Engineering and Technology
  • Oxford College of Business Management
  • Sanskriti University  
  • Gandhinagar Institute of Technology
  • Parul University
  • XLRI Jamshedpur
  • IIM Ahmedabad 
  • IIM Bangalore
  • JECREC University
  • Noida Institute of Engineering and Technology
  • Scient Institute of Technology  
  • ICFAI University  
  • IIM Lucknow 
  • Indus University 
  • Chandigarh University

MBA Finance vs MBA HR: Detailed Comparison

Candidates can find the comparison of MBA Finance vs MBA HR in the tabular format below.

Basis For Comparison 

MBA Finance



Numerical Proficiency, Analytical skills, Problem-solving attitude, and Basic acumen regarding finance. 

Interpersonal skills, communication skills, negotiations, and conflict resolution skills 


Financial Institutions, Banks, Insurance, Stock Market Brokerages, 

Investment Houses, 

HR Firms and almost every  company require HR managers 


Business Economics, Security Analysis, Portfolio Management, Risk Management, Accountancy 

Labour Laws, Organisational Behaviour, Business communication, Managerial Economics 

Job Profile 

Financial Analyst, Corporate Controllers, Risk Managers, Investment Bankers, Investing Associate

Personnel Manager, Compensation Analyst, Compensation Manager, Chief Diversity Officer

We expect this article to help you in making the right choice between the two specializations, if you want to go for admissions, you should fill out the Common Application Form. If you have any queries related to college choices, you can also call our toll-free number 1800-572-9877.


Be the First to Know

Get Access to Latest Updates

View All Questions

Related Questions

I want to take admission in MBA in 2022

-mrutyunjaya beheraUpdated on September 17, 2022 06:46 PM
  • 12 Answers
Mahima Gupta, Student / Alumni

Dear Candidate,

You can pursue an MBA degree and can apply for the course now. The Business schools have opened the MBA Admission 2022 process. The application portal to most colleges has been opened. Almost all the other business schools follow a similar pattern of the selection process for MBA courses that involves entrance test scores, GD/ PI/ WAT. Also, If you want direct admission to the MBA program then, start applying now.


Looking for the best MBA college in Gurgoan. Suggest ?

-nipunUpdated on September 15, 2022 11:51 AM
  • 3 Answers
Nidhi Bahl, CollegeDekho Expert

Dear Student,

There are many popular MBA colleges in Gurgaon where you pursue your management dream.

Following are some of the names:

Thanks for visiting!


I have done ,which is best to do further or MBA.?

-nipunUpdated on September 09, 2022 10:18 PM
  • 2 Answers
Abhinav Chamoli, CollegeDekho Expert

Dear Student,

Both Master of Business Administration (MBA) and Master of Commerce (MCom) are good choices of courses after a Bachelor of Commerce (BCom) degree.

While an MBA is a management-based course and will prepare you for administrative roles in businesses, an MCom is a technical course and will prepare you for a career in core Finance and Commerce related areas.

An MBA is a good choice of course if you wish to join the industry as a management professional. The course promises high salaries but only if you complete it from a reputed college. You also have to keep …


Do you have a question? Ask us.

  • Typical response between 24-48 hours

  • Get personalized response

  • Free of Cost

  • Access to community

Subscribe to CollegeDekho News

By proceeding ahead you expressly agree to the CollegeDekho terms of use and privacy policy
Apply Now

Management Related News

Top 10 Management Colleges in India

View All

Join us and get exclusive education updates!