MBA In Hospital & Healthcare Management: Careers, Market Trend, Growth, Salary & Top B-Schools
MBA in Healthcare and Hospital Management courses are in high demand as the health care sector is blooming now in India and the job satisfaction is also very good. As per the report, the Indian Healthcare sector will touch US$ 75 billion in the next 5 years and US$ 280 billion by 2030. In this article, we will discuss the Market Growth and Trends, Career Growth, Jobs after MBA in Health Care/Hospital Administration/ salary/Top Companies/ Top Colleges that offer MBA in Health care / Hospital Administration.
Table of Contents
Market Growth and Trends
- As per reports, the National Healthcare scheme will bolster major job opportunities in the Indian Healthcare industry. As per reports, it is estimated to touch US$ 280 billion by 2030. As domestic and foreign companies are entering through mergers and acquisitions in the Indian healthcare sector; a major growth in the Indian Healthcare sector is visible.
- FDI is also increasing in the Indian Healthcare Sector and over 2012-22, the diagnostic market is expected to grow exponentially.
- According to BusisnessBecause, biggest companies have increased their MBA hiring year-after-year throughout the pandemic from 80% to 96% this year.
Career Growth In Health Care Sector
- Having an MBA in Health care / Hospital Administration, opens up a global career in front of candidates. MBA in Hospital Management offers various designations in front of candidates such as Project Management, Marketing, Operations Management, Strategic Management, Financial Management, etc. Lots of employment opportunities are visible in the Public Health System, Clinical Research Laboratories, IT, Insurance, Equipment Manufacturing companies, etc.
- As per the Global Health Security (GHS) Index 2021, India ranked 66 out of 195 countries with an overall Index score of 42.8
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Course Content
The major subjects of the MBA in Health Care/ Hospital Administration are:
- Principles of Health Service Management
- Organizational Behavior
- Organization and Administration of Clinical and Super Specialty Services
- Healthcare Marketing Management
- Delivery Logistics, and Supply Chain Management
- Quality Assurance for Healthcare/ Hospital, Taxation, and Audit, etc.
Jobs after MBA in Health Care / Hospital Administration
According to India Today, Globally, this degree is very diverse and an emerging field. As the years pass, the demand for individuals with an MBA in Health Management will increase. An individual’s starting salary is approximately Rs 5 lakh per year.
Postgraduates can find gainful employment in fields such as Marketing, IT, Pharmaceutical industry, Public Health departments, Rehabilitation centers, Universities, and research institutes, etc.
The major jobs in MBA in are Health Care Manager are:
- Hospital Administrator
- Pharmaceutical Project Manager
- Health Care Finance Manager, etc.
Candidates can also choose professions such as Medical and Health Services Manager, Hospital Administrator, Health Service Manager, Health Care Finance Manager, etc. After completing the degree of MBA in Hospital Management, candidates also can establish themselves as Hospital CEOs, Hospital CFO, etc.
Salary
The salary depends on positions and jobs and also on different organizations.
The average annual salary as per job roles is:
| Job Title | Mediun Annual Salary |
|---|---|
| Medical and Health Services Manager | INR 6-8 lakh per year |
| Hospital Administrator | INR 4-6 lakh per year |
| Health Service Manager | INR 3-4 lakh per year |
| Healthcare Finance Manager | INR 9-12 lakh per year |
| Medical practice manager | INR 5 lakhs per year |
| Pharmaceutical product manager | INR 6-7 lakhs per year |
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Top Recruiters
The top companies that offer jobs for MBA in Health Care Sector are:
- Fortis
- Max
- WHO
- Government of India
- IMS Health
- AMGEN
- Omega Healthcare Management, etc.
The sectors are Hospital organization, Marketing, Health economics, and health information systems.
Top Colleges offering MBA in Health Care / Hospital Administration
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Top Colleges in Bangalore offering MBA in Hospital Healthcare Management
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FAQs
What is an MBA in Healthcare Management?
An MBA Healthcare Management program is a two-year course designed to make healthcare professionals. You can apply for the course if you have a Bachelor’s degree in any discipline and an accumulated score of 50% from a nationally syndicated university.
What is the course duration of MBA Healthcare Management?
2-year full degree program.
Which are the best MBA Healthcare Management colleges in Bangalore?
to be written….
What are the top MBA Healthcare Management colleges in India with low fees?
to be written…
How to do an MBA in Health Management?
To do MBA in Healthcare Management, one must meet the following eligibility criteria:
- The students must have completed their bachelor’s degree from any recognized university.
- The students also must score well in any of the MBA entrance like the CAT, CMAT, GMAT, or XAT.
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