Is a Degree in Management and Human Resources Worth It?

Carver Wrightman

Is a degree in management and human resources (HR) worth it in terms of job security and salary? This is a question many prospective students find themselves asking. While a degree can certainly open doors, the success and opportunity it brings are not guaranteed. Let's delve into what a degree in management and HR can offer and what you can expect in terms of job prospects and salary.

The Value of a Management and HR Degree

A degree in management and HR can be quite valuable because it provides the necessary qualifications to apply for a range of employment positions. These positions can include management roles and HR management roles. However, it is important to understand that acquiring a degree is just the first step. Your success and the opportunities you can leverage are heavily dependent on your skills, talent, and performance in your chosen career path.

Management Positions

Management positions involve overseeing teams, giving direction, and ensuring that operations run smoothly. The pay is typically higher because management roles are seen as more integral to the success of an organization. However, management comes with its own set of challenges. You are often responsible for taking the blame when things don’t go well, even if it’s not entirely your fault. This can be a thankless job, as you are often under pressure to perform at all times.

Salary and Pay

Your salary as a manager can vary widely based on your field, experience, and the company you work for. According to the U.S. Bureau of Labor Statistics, the median annual wage for human resources managers was $123,620 in May 2020, with the top 10% earning over $208,000. Similar figures exist for other management positions, but the exact salary will depend on your specific role and the industry you are in.

Work Environment and Job Security

The idea of job security is a common concern, especially in the current job market. While a degree can help you stand out, it does not guarantee job security. No matter how high up the corporate ladder you are, there is always a risk of job loss. This fact applies to all professions, not just management and HR. There are several reasons why job security is not a given. Economic downturns, company restructurings, and organizational changes are just a few factors that can affect your job stability.

For example, I was a well-paid management professional in the field of HR. When my company underwent a merger, my position was part of the cost reduction initiative. Despite being highly qualified and performing well, I was let go. This experience underscores the importance of understanding the realities of the job market and preparing for various outcomes.

Personal Considerations and Career Planning

Ultimately, the decision to pursue a degree in management and HR should be based on your personal circumstances and career goals. Consider the following factors:

Your interests and passions. Management and HR can be fulfilling if you enjoy working with people and are interested in the dynamics of organizations. However, if you prefer a more hands-off approach or are not comfortable with high-stress environments, these roles may not be the best fit. Your long-term career aspirations. Think about the type of career you want to have. Do you see yourself as a corporate leader, someone who specializes in a particular area of HR, or someone who enjoys a more varied role? Understanding the job market. Research the industries where you want to work and understand the job prospects and challenges in those areas. This can help you make an informed decision about the best field for your degree.

In conclusion, while a degree in management and HR can be a valuable asset, it does not guarantee job security or a specific salary level. It is important to have realistic expectations and be prepared for the challenges that come with any career.