How an MSc in Business Management Can Help You Excel in Human Capital Management

Introduction

An MSc in Business Management can open up a number of exciting job opportunities, from C-Suite positions to accounting and management.

The skills you develop during your program can also give you the opportunity to pivot your career trajectory, opening up many new possibilities that you may not have been aware of. One such career is in Human Capital Management.

In this guide, you can learn more about how a Master’s in Business Management can set you up for a successful career in Human Capital Management.

What is Human Capital Management?

Human Capital Management (HCM) refers to the tools, software, and practices used by a business to attract, recruit, develop, manage and retain employees.

Common components of HCM include recruitment and hiring, onboarding and training, managing schedules and workplace benefits.

Employees in HCM roles typically study for an MSc in HR Management or a Human Capital Management MSc, however, students who complete an MSc in Business Management can also excel in HCM.

Why Human Capital Management Is Critical

Human Capital Management is an essential part of any business that depends on employees to achieve their goals.

When done right, there are key Human Capital Management benefits for a business. It allows them to hire the right talent, manage and motivate employees effectively, which can greatly improve efficiency across the whole company.

One of the main benefits of pivoting to HCM is that most industries have a need for an HR expert, so students who are interested in HCM will have a wide range of job opportunities available to them.

How MSc in Business Management Equips You for a Human Capital Management role

HCM has become a pivotal role in organizations worldwide. Companies recognize that their employees are the most valuable asset they have, and so the demand for professionals with advanced knowledge in managing employees has risen.

An MSc in Business Management equips you with the essential skills and experience needed to be successful in business management, but these skills can easily be transferred to an HCM role.

Additionally, the role of someone working in HCM can often be similar to someone working in business management. Companies that value their employees are increasingly integrating their human resources as a strategic partner, and HCM roles in these organizations require candidates who have the same level of strategic acumen and interpersonal skills as any other area of the company. This means that students who complete an MSc in Business Management will possess the ideal skills to succeed in HCM.

Key Skills Gained with MSc in Business Management

An MSc in Business Management gives you the opportunity to develop skills that you learned during an undergraduate degree program or previous work experience.

The following are skills you will develop during your program:

  • Accounting
  • Customer Service
  • Marketing
  • Digital business skills
  • Management
  • Metrics and Analytics
  • Operations and Logistics
  • Sales
  • Strategy

These skills are essential to taking the next step in your business career, but they can also be easily transferred to an HCM career. In addition, you’ll also develop soft skills such as communication, negotiation and people management, which can easily be transferred to an HCM role.

Top Career Paths in Human Capital Management after an MSc

Completing an MSc in Business Management opens up a wide variety of career opportunities. Not only could you start the path to a C-Suite position, you could also take on a range of roles related to HCM.

Jobs directly related to HCM include:

  • Human resources manager
  • Office manager
  • Occupational psychologist
  • Training and development officer

HCM is a versatile field, and students specializing in HCM could also be qualified for the following:

  • Arbitrator
  • Business and career adviser
  • Diversity, equality, and inclusion officer
  • Life coach
  • Mediator
  • Management consultant

Many employers will consider an application with any degree, so an MSc in Business Management can easily set you up for a career in Human Capital Management.

Enroll for MSc in Business Management with UE Amsterdam

Whether you’re looking to kickstart your business career or take the first step into Human Capital Management, UE Amsterdam is the perfect place to unlock your career potential.

Our MSc in Business Management program merges academic excellence, real-world experience and a global outlook, and prepares you for a successful career in business management.

Graduates from UE Amsterdam have gone on to start their own businesses and build careers in Business, HCM and more.

With a strong industry network and a dedicated career support team, UE Amsterdam is the perfect place to kickstart your global career.

Conclusion

Our MSc in Business Management will help you determine your perfect career, whether that’s in Business, Human Capital Management or elsewhere.

To launch your global career, get in touch with us today.

FAQs

Are there good salaries in HCM for those with an MSc degree?

Students with an MSc degree are much more likely to be successful when applying for advanced HCM roles. Entry-level roles in HCM typically offer higher salaries, with more opportunities for advancement.

Which industries have the highest demand for HCM professionals?

HCM is used in many industries around the world, including healthcare, manufacturing, technology and government roles.

Which sectors in the Netherlands most often recruit MSc in Business Management graduates into human capital roles?

Sectors in the Netherlands that recruit MSc graduates in human capital roles include, but are not limited to, multinational corporations, consulting firms and the financial sector.

What are the most common career paths in Human Capital Management after completing an MSc in Business Management?

Common career paths in HCM include human resources manager, office manager, occupational psychologist and training and development officer, however there are many adjacent jobs where HCM skills would be useful.

Which Business Management degrees are best for entering Human Capital Management?

Aside from a Human Capital Management MSc, An MSc in Business Management and HR will help enter the HCM industry. You can also enter Human Capital Management with an MSc Business Degree or pursue an MSc in International Business with Human Capital Management.

Which Business Management specializations are most valued in Human Capital Management careers?

Valued Business Management specializations for HCM include Human Resource Management, Business Analytics, Organizational Development and Strategic Management.