Choosing Between HR and Finance for MMS: Insights on Future Prospects and Career Paths

I am an MMS student. It's a critical stage for me to select the specialization. I am confused between HR and Finance. I am good in communication skills, and I also like numbers. However, I want to make my decision based on future scenarios. What should I prefer - HR or Finance? What are the job prospects? The answer is supposed to come from my seniors, managers, and friends.

I think if you are good with numbers, why not consider finance? You have much higher prospects in finance as there are many opportunities in this field. I would suggest pursuing finance.

Regards,
Anu

Hi Anu,

But I think it will be too difficult for me because I have a technical background. I am unaware of B.Com/Commerce subjects, and I am feeling too much difficulty in that. If so, what should I do?

Ashish

Hi Ashu,

I think then you should opt for HR, but from the beginning, keep a track of which HR stream you want to concentrate on, i.e., Placement/recruitment, HR generalist, consulting, etc. This will help you get a suitable job.

Regards,
Anu

Both streams (finance and HR) offer good career prospects.

One thing, Finance people I have seen are always calculating (even to speak :lol:) and need documentary proof for everything. The job will be very mechanical, involving accounting, auditing, budgeting, taxation, etc. You need to adhere strictly to the rules of the government and the institutes. Take auditors, for example - like CA's, they are the most boring people who study voluminous books, always quoting sections (like lawyers), following the standards, etc. and they do not accept anything new - reluctant to change.

HR is interesting and lively. You can meet good people and gain valuable experience in managing human resources. You will hire, retain, and motivate people. There are labor rules that an organization or the management needs to adhere to. Training helps develop the skills of staff.

Make your choice based on your interests; don't go by what others say or recommend to you based on their personal experience.

Thanks,

Ram

http://nicheitjobs.googlepages.com

I will also suggest you to go for the HR if you have good communication skills. You know there are so many chances in the HR field. Both fields have importance, but if you like to meet people and judge their quality, then you should go only for HR.

I think the HR department is like a monitor of the class. Now it's your decision.

Thanks,
Sandhya

Hi Anshu,

A very vital decision; it's a turning point in your life as well as your career. Both HR and Finance are excellent. As I am from HR, I will definitely go into raptures over HR, but Finance is also a good field with lots of scope. No one can answer your question except you because each of us will give you advice based on our experiences and choices. Both fields are responsible fields; the major difference is that in Finance, you will deal only with figures, but in HR, you will deal with people.

I hope you got my point.

Bibhutosh Bhadauria

Thanks to all who suggested to me. Finally, I decided to pursue a career in HR. Now, I am interested in knowing about the extracurricular activities that HR professionals can engage in apart from their studies. Are there any additional courses or training programs you recommend? Please provide me with details on this.

Thanks again,
Ashish
Mumbai

Dear Anish,

First of all, any individual choosing their field should have immense interest in that particular area. There should not be any doubt in this decision. In my opinion, if you are good with numbers, you should consider finance. Alternatively, if you enjoy meeting different people, learning new languages, and resolving employees' issues, as well as training and developing individuals, then HR might be the right choice for you. Remember, whatever job you undertake, do it with passion and dedication, and you will succeed in your profession.

Regards,
Ranganathan
Chennai