If you have a graduate degree, consider yourself in good company: 64% of Fortune 200 CHROs have at least one graduate degree, Cornell University research shows. Conducted in 2010, the research showed a slight increase from the previous year, in which 58% of CHROs from Fortune 100 companies were found to have graduate degrees. As for the types of degrees, the specialties were varied:
- 20% have an MBA with a non-HR emphasis
- 11% have a Masters in HR/Industrial Relations
- 6% have an MBA with an emphasis in HR
- 3% have a JD/law degree
- 5% have a Ph.D. in HR/Industrial relations, psychology, sociology, or related fields
- 3% have a Masters in psychology/sociology
- 10% have Ph.D.s or Masters in other fields
In comparison, ongoing research from author and business professor David Ulrich shows a slightly smaller proportion of all US HR professionals have graduate degrees, at 51% in 2012. That’s up from 45% in 2002, and 43% in 1992.
According to Drexel University enrolment counselor Micah Muldowney, many HR professionals are waiting until halfway through their careers to pursue these types of education. “Generally speaking, most of our candidates are not straight out of college,” he said.
That’s in part because cost, time and location are no longer the barriers they used to be, according to Deloitte’s Bill Pelstor. “Nothing is stopping you as an individual from developing yourself anymore,” he said. “The 21st
Century employee is fundamentally different…people are self-directing and taking charge of what they need from a developmental standpoint.”
Founded in 1891 in Philadelphia, Drexel University is a global research university ranked among the top 100 in the nation. Drexel is recognized for its focus on experiential learning, commitment to cutting-edge academic technology, and growing enterprise of use-inspired research. Drexel University began offering online courses in 1996, a pioneer among institutions of higher education. Today, Drexel Online provides over 100 degrees and certificates in a multitude of fields to aspiring students everywhere. Online programs include an MS in Human Resource Development, Master of Legal Studies – Human Resource Compliance Specialization, and more. Learn more