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Given your interests, industrial/org psychology doesn't make sense. A masters in HR, is pretty niche and honestly overpriced for the things you can do wih it so would never recommend that. Getting some SHRM certs would have the best ROI and supports your interests. Don't get a degree just to say you have one and drown in debt, you've waited this long so get things that will support your interests for the lowest investment.
I would agree with this as well. I would opt for which ever you would enjoy more and which makes the most sense given your career path. To me it seems like the obvious choice would be go for a certification! I think that will benefit you the most.
I’d recommend working backwards from your long term career goal to determine what your toolkit needs to look like to set you up for success. A certification in HR is a way to flex and prove your specific job skills. A Master’s degree isn’t about job specific skills, it’s foundational learning of the science behind the practitioner work and the application of frameworks across the entire talent dimension.
I have both. The SHRM certification was helpful at opening doors in the first 7 years of my career and also provided me with street cred in orgs that valued experience and specific skills. The Masters has been a differentiator for the full 23 years of my career. I no longer work for organizations that are focused on specialty skills, I’ve opted into organizations that value intellectual aptitude, learning agility and strategic thinking. My MA has served me well and has enabled me to be a successful business leader who happens to have 20+ years of experience in HR.
Best of luck to you as you forge ahead with your career goals.
I would also agree on Masters. In my experience SHRM certifications are not as valuable.
Chief
My current manager moved from a sr benefits analyst to a benefits manager with only a bachelors with no Certs. And makes 145k base.
Chief
I have a friend who has a bachelor and shrm-cp and 9 yoe, just landed a role as a sr talent advisor with a base of 93k.
Master’s in I/O Psychology! I have both a masters in I/O and a SHRM-CP and I will say what I learned in grad school has been invaluable and a great way to market myself during my job search. Message me if you want to chat more about this, and I can also recommend a good program that is not too expensive. You won’t regret it.
Hi! Sure thing! I earned my master’s at George Mason University. They have two I/O programs - MA and MPS. I recommend the MPS one because it’s fully online (I needed the flexibility since I work full time) and the program is more geared toward working professionals who are looking to apply what they’ve learned in grad school directly in the workplace. Some students go into the PhD track afterward but most of my cohort just wanted to apply it in business. It’s called MPS in Applied Industrial and Organizational Psychology.
The program is heavily based in science, research and data analysis applied to topics like employee performance, talent acquisition selection, leadership and team effectiveness, organizational development, change management, training, well being, motivation, etc. The program can be completed in 21 months. You take 2 classes per semester but the good thing about it is that you take only one class every 8 weeks. Fast paced program but I loved being able to focus on just one class at a time, before moving on to the next one.
There are no exams, it’s not about memorizing concepts but rather applying them (hence the name of the program) so you get to work on individual and 2-3 major team projects each class. There’s 1 practicum where you work with another student to create a research study and write a white paper on your topic of choice. No lectures, but professors host weekly virtual office hours so students can ask questions.
Faculty is GREAT, they put a lot of effort so students can succeed, they value feedback and the program director is one of the most caring mentors I’ve ever met!
I started the program summer 2020 and the overall cost was around $25K. My company helped fund part of tuition so definitely recommend looking into your employer and seeing if they can cover a portion of it.
I highly recommend I/O psychology to get a well rounded education if you want to continue pursuing HR as a career especially due to its focus on science and research which is the future of work.
Let me know if you have any other questions!
Why not an MBA instead of masters for hr? Then you can have multiple paths with mba but also it's more relevant towards a business overall and can leverage that worldwide should your situation change
I am graduating next month with my MBA with a concentration in HR Management. Highly recommend this route. Will look into certifications later down the road.
Given your interest to pivot to TM or Talent Development, a Masters in I/O is good. If you’re seeking to move up in TA purely, no. However, if you can financially afford it w/o debt or if your company can pay for tuition, that would be the route. I think Talent Mgmt/development route can be hard to break in and I/O degree can support that career path. I also think this could be done w/o a Master degree if you have a path to cross-over. A SHRM cert. is definitely doable for foundational knowledge and little to know experience - but it’s more generalist HR not super deep in I/O.
Following this! I’m planning to pursue my masters in I/O in the near future.
Here is the link to learn more: https://landing.masononline.gmu.edu/map
Posting to follow and see answers - I’m curious too!
Depends on geographic location and company. Some larger companies valué masters while smaller companies in Chicago for example seem content with certifications. Masters pays more and I find those companies that don’t value Masters and are ok with cert only tend to pay less
Chief
HR can be a challenging, eventually people do burn out. A degree is sufficient for many careers getting an MA doesn’t guarantee higher pay or role it all depends of companies and industries . Also you need to consider the financial implications, ideally you would have tuition support from an employer….they are expensive and you want an ROI that makes sense for you
Masters will put you in debt but it depends on your finances. I have an MBA in Technology Management and SHRM-SCP. I don’t know if hiring managers look at either honestly. With your years of experience you have to decide how you want to pivot as you move from early, mid, to experiment years.
If you can support yourself with the cost of attaining a masters degree then go for it. But if money is a little bit of a concern, I suggest you go for the SHRM Certification in the meantime.
I think a masters will do you well! I have my bachelors and got my masters in year right after and I was able to dip into the HR space and grow just fine without having an HR background! I was HR for a big company and shifted to TA for another well known company! Good luck! I think a masters sits well and will suite well for what you’re trying to do but I also heard the cert is pretty good. On my end I’ve seen people get the cert to help them grow in their role but for the most part I have VPs in HR I spoke with that just have their experience and didn’t do the cert or had a masters specific in HR/IO so it kind of depends id say on the company you join and how well you can grow within them!
I would say masters. I have both and the SHRM-CP doesn’t include much about recruiting. If you really want to learn then get your masters and be sure to take the recruiting classes. Itll also teach you leadership and HR management.