This Authored Article is written by – Sumit Singh Gandhi (Rahul), CEO, CATKing Educare
In recent times, there has been an emerging trend among students to opt for an MBA in the Health Management sector. MBA Healthcare Management provides vast career opportunities which include job roles in sectors like Health Insurance, Healthcare IT, Hospital administration. The healthcare sector has flourished over the past decade and has created a huge demand among the young individuals of the country.
MBA in Healthcare management provides individuals a deep learning of the Healthcare sector. While pursuing MBA in Health Management one would analyze different areas of Marketing, law, Budgeting, Planning, Leadership, regulation & information management, operations and accounting with a perspective of Healthcare. With a MBA degree in Healthcare Management, candidates usually experience more chances of promotion as compared to others having a Bachelor degree in Healthcare Management.
If you pursue a career in healthcare management, you can find jobs like some of the one’s mentioned below and many more:
● Human resource
● Patient care service
● Hospital CEO
● Hospital CFO
● Claims manager
● Hospital operations manager
● Pharmaceutical production management
● Medical practice manager
MBA in Health Management is a full-time 2-year management program which specialises in Healthcare &Hospital Administration along with the general management training to professionals in the healthcare field. The main aim of this programme is to enhance the knowledge skills and expertise of the candidates.
The average starting salary of a graduate in MBA Healthcare Care Management is approximately 5 lakh per annum and may even go up to 20 lakh per annum as one grows in his/her career.
Why should one do an MBA in Health Management?
➔ The degree is very diverse and an emerging sector all over the world. Over the years there will be an increase in demand for individuals who have accomplished a degree in the MBA in Health Management.
➔MBA in Healthcare Management will provide you an rare opportunity to work in IT sector to ensure data integrity and data security. The starting salary of an individual is quite good (approximately 5 lakh as mentioned above) and it can increase up to 25 lakh annually.
➔ The job is just not restricted to India. There is a huge demand for such individuals in developed countries like the United States of America, the United Kingdom, and many more.
➔You will get an opportunity to work with the top Pharmaceutical companies and top hospitals of the world.
Here are the list of College and Average annual salary:
KJ Somaiya Institute of Management-INR 10 to 13 LPA
Chitkara University-INR 7 to 9 LPA
Acharya Bangalore B-School-INR 12 to 18 LPA
Lovely Professional University-INR 8 to 20 LPA
Manav Rachna International Institute of Research and Studies-INR 7.5 to 14 LPA
AIMS Institute-INR 11 to 20 LPA
The Prestige Institute of Management and Research-INR 6 to 8 LPA
M.P. Birla Institute of Management-INR 6 to 8 LPA
Amity Global Business School-INR 10 to 17 LPA
Universal Business School (UBS)-INR 10.95 to 20.5 LPA
How to do an MBA in Health Management?
➔ The aspirant must have completed his/her bachelor’s degree from any recognized university/institute with a minimum score of 50 percent.
➔ The candidate must score well in any of the MBA entrance exams like the CAT, CMAT, GMAT, or XAT and meet other conditions required.
➔ The admission process for this program varies from country to country. If shortlisted based on the percentile of any of these entrance exams then the candidate must go through the group discussion and personal interview rounds of their desired colleges
Leading recruiters for MBA in Health Management post-graduate candidates are:
v Fortis
v Apollo
v Medanta
v Max Healthcare
v WHO
v Government of India
v IMS Health
v AMGEN
v Omega Healthcare Management
v Health Trail Portal
v Star health
v Pfizer
v Siemens
v Cipla
v Glenmark
Students that want to have a Leadership position and a long-held future in Healthcare should strongly select pursuing programs in the Health Service Department. The Demand for Healthcare Management Professionals is growing rapidly as mostly organizations handle costs and changes in legislation. The management is unique in Healthcare that’s why you may have higher chances of getting hired here.
