What Is a Human Capital Management Degree?

Human capital management (HCM) degrees are similar to human resources management (HRM) degrees. Learn about the similarities and differences between these degree programs. Schools offering Financial Management degrees can also be found in these popular choices.

Human Capital Management Description

The term human capital management is beginning to replace the term 'human resources' (HR), the same way HR replaced the term 'personnel management'. The concepts and ideas of human capital management come from things learned in the field of human resources. This is due to the increasing responsibility and inclusion of human resources in aiding management decisions and practices.

Human capital management focuses on analyzing, evaluating and measuring the value of a company's workforce. More than simply saying a worker is 'good' or 'bad', human capital management makes human capital investment an important focus in the company. The following topics differentiate human capital from human resources:

  • Analysis of business strategies
  • Human capital measurement
  • Return on investment (ROI) analysis
  • Design of organizations
  • Change implementation through various methods
  • Talent management and leadership development

Important Facts About This Field Of Study

Degree Field Business
Online Availability Yes
Possible Careers Consultant, Human Resources Manager, Capacity Manager, Labor Relations Manager
Prerequisites Program dependent but at least high school diploma or equivalent
Job Outlook (2016-2026) 9% growth (for human resources managers)*
Median Salary (2018) $113,300 (for human resources managers)*

Source: *U.S. Bureau of Labor Statistics

Degree Programs

There are few undergraduate and graduate degrees strictly in human capital management. Rather, many schools offer professional certificates in human capital management. Programs are generally designed for current HR professionals who are in charge of or interested in enhancing their current HR processes and procedures. Some common courses and topics in a human capital management certificate programs may include human resource selection, recruitment, job descriptions and evaluations, human resource techniques and employee benefit programs. Other courses explore the following topics:

  • Building high performance workforce strategies
  • Compensation and competitive pay programs
  • Nuts and bolts of human capital management
  • Fair employment practices
  • Employment law
  • Strategic organization design

To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below:

  • 1. Degree Options:
The schools in the listing below are not free and may include sponsored content but are popular choices among our users. Tuition and costs will vary across programs and locations. Be sure to always request tuition information before starting a program.

Popular Schools

  • Strayer University

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  • Seton Hall University

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  • Regent University

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  • Grand Canyon University

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  • Colorado State University Global

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