Jagran Josh Logo
  1. Home
  2. |  
  3. MBA|  

MBA in Health Care Management: Prospects & Career Options

Mar 17, 2016 15:47 IST
    MBA in Health Care Management: Prospects & Career Options
    MBA in Health Care Management: Prospects & Career Options

    With an upsurge in the need of managers who can handle the different growing sectors across the world, there are some of new and emerging MBA courses that have are gradually gaining popularity. MBA in Health Care Management is one such professional course that is taking leap among several MBA aspirants. It helps the students oversee the operations and services that are offered in a healthcare facility. This is one of the best courses for interested students as it offers various opportunities in the healthcare industry. As this industry is witnessing an upsurge in numerous health issues, thus, the management of the issues also requires increased attention.

    What is MBA in Health Care Management?

    MBA in this filed is helpful in making the candidate acquire skills that can support the activities in health care industry. A degree program in this field will offer classes on:

    The students are also made aware about the ethical issues, economics and policies, and also decision-making, which is a crucial part of this so very difficult field. The students can get to learn about:

    • Hospital organisation,
    • Marketing,
    • Accounting,
    • Budgeting,
    • Health economics and
    • Health information systems.

    Scope of MBA in Health Care Management

    MBA in heath care management is a course that can help the students to acquire skills important for handling health care business and associated practices. With the help of this degree a student can expect to develop effective communication skills along with all-round personality development. Since the demand or professionals of this field is ever-increasing there are a number of options that the students from this field have. There is also an advantage of keeping oneself updated through certification courses of this field that are organised by several universities as well as government on a regular basis.

    Career Options after MBA in Health Care Management

    There are a number of career options available for students who aim to enrol themselves for a course in this field. The options include:

    • Healthcare consultant for niche boutique health consulting firms, IT consulting firms that do life sciences work, health insurers and health systems
    • Hospital CEO
    • Hospital Administrator
    • Hospital CFO
    • Product management for medical device companies
    • Pharmaceutical Product Manager
    • Product marketing for research organizations, biotech firms or medical device companies
    • Medical Practice Manager
    • Data Analytics and Competitive Intelligence across the sector (biotech/pharmaceuticals, medical device companies, health IT)
    • Health informatics Manager

    Pay Packages Offered after MBA in Health Care Management

    The delicacy and difficulty of this field make the offered pay packages go real high for the individuals.

    Position

    Salary Range

    Medical practice manager

    5 lakhs per annum max

    Pharmaceutical product manager

    6-7 lakhs per annum

    Hospital CFO and CEO

    10-20 lakhs per annum

    For a health informatics manager and a medical practice manager the salary can go as high as 5 lakhs per annum. A pharmaceutical product manager can earn up to 6-7 lakhs per annum whereas for a hospital CFO and CEO it goes up to 10-20 lakhs per annum.

    Top Colleges

    The number of colleges providing a course in MBA Health Care Management are limited. Some of the Indian universities are:

    • Welingkar Institute of Management, Mumbai
    • NGF College of Engineering and Technology, Delhi
    • Apar Institute of Management and Technology, Delhi
    • New Delhi institute of Management
    • Asian Business School
    • Centre for Health Administration, Jiwaji University
    • Manipal College of Allied Health Sciences, Manipal

    Top Recruiters

    Some of the top recruiters of these professionals include:

    • Fortis
    • Max
    • WHO
    • Government of India
    • IMS Health
    • AMGEN
    • Omega Healthcare Management
    • Health Trail Portal

    DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.

    Latest Videos

    Register to get FREE updates

      All Fields Mandatory
    • (Ex:9123456789)
    • Please Select Your Interest
    • Please specify

    • ajax-loader
    • A verifcation code has been sent to
      your mobile number

      Please enter the verification code below

    Newsletter Signup
    Follow us on
    This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK
    X

    Register to view Complete PDF