Not just this year, joining SCMHRD is a great decision in the near future for any stream and for HR it is even better. 

Below is a table showing the fees, highest salary package (international and domestic), average salary package, and the median salary package as of 2023 figures;

So, as you can see the RoI is good enough so you can go for the loan as well, but go for a loan from a government bank.

Anyone who completes the HRM program from XLRI gets the same facilities as any other who has completed the program. Excluding the students who have taken year drop(s), many of your peers will have the same background.

• If you have scored high in your XAT/CAT nothing will stop the administration from granting admission to the candidate. The administration chooses to overlook the gaps in your applications if the scores meet the eligibility criteria. 
• If you keep your grades high, you will definitely be called up for interviews. Then it is up to the interviewers if they want you to explain your year gaps.
• Students in XLRI HRM can get placed in a variety of roles. Many of these roles include maintenance, where the processes are already spelled out. 
• Companies often come up with ‘leadership development programs where they make you cycle through various HR processes and profiles before assigning one that fits you.

On the other hand, there are companies that specialize in HR consulting profiles like Hay, Hewitt, EY, KPMG, etc where you will have to engage clients in more HR work related to design and less work of administration/maintenance.

A career in Human Resources (HR) does not strictly require one to have an MBA degree but it will definitely be useful to have an MBA degree. The MBA degree not only adds value to your career in HR management but also provides you with far more opportunities in that area. It broadens the opportunities for you and it also highlights you for HR-specific jobs especially during the early years of your career.

MBA can be done from any institute irrespective of private or government or some other criteria however it is preferable to do it from the top B-schools. Degrees from some institutions are considered of more value than others and are given more preference when it comes to placements and getting a job in the corporate world. When it comes to HR degrees from institutes like XLRI, MDI, TISS are more valued than most of the MBA schools present in our country and they are specifically known for their HR course.

These institutes provide excellent education and the best of the best exposure in the management sectors. Doing MBA from institutes such as IIM, XLRI, FMS, MDI, NMIMS etc will give you a boost up in the initial stages.

There are a lot of factors which should be kept in mind while opting for either of the colleges. Some of such factors are mentioned below. 

Attendance- 

• For attendance, HR is way more lenient than NM College. If you have a valid reason for low attendance such as preparation of CR, then you might be exempted. 
• However, this doesn't work in NM college, they are extremely strict about their attendance.

Distance- If you are a resident of Mumbai then you should consider the distance of the college from your home. It is an important factor to consider, and saves a lot of time and money.

Focus area- 

• If your goal is holistic development i.e. curriculum studies plus co-curricular activities, then NM college is the preferred choice. 
• HR is close to NM in this race. But NM provides a wider exposure owing to its central location of the college, surrounded by various other universities.

Let’s take a look at the advantages of all the above-mentioned colleges in a tabular form below.

Community- Often this factor is excluded while selecting a college, but this factor is as important as any of the above-mentioned factors. Although, if you have good people skills, you don’t need to consider it. But if you need a community then, in NM you will be surrounded by Gurjatis and in HR by Sindhis.

Infrastructure- 

• NM College is up-to-date with its infrastructure regardless of the fact that it is one of the oldest and well-known colleges in Mumbai. 
• HR College is outdated, not maintained, in terms of infrastructure.

Cost- If you are not a resident of Mumbai, South Mumbai is expensive in comparison to West Mumbai. 

Thus, keeping the above analysis in mind, NM College is the best out of the four colleges.