2 Years
Post Graduate
Management
Full Time
The MBA in Healthcare Management is a specialized program that falls under the umbrella of MBA studies. It is specifically designed for individuals who aspire to take on leadership and management roles in the ever-changing healthcare industry. By blending fundamental principles of business administration with a concentrated focus on healthcare systems, policies, and practices, this program equips students with the essential knowledge and skills required to excel in managerial positions within healthcare organizations.
The Master of Business Administration in Healthcare Management adopts a comprehensive approach, drawing insights from various fields including business, healthcare, and management disciplines. Students engage in analyzing trends within the healthcare sector, implementing effective processes, optimizing the allocation of resources, and making well-informed decisions that have a positive impact on patient outcomes and the overall success of healthcare institutions.
Highlights for the MBA Pharmaceutical Management program are provided in the table given below:
| Particulars | Value |
| Course Name | MBA in Healthcare Management |
| Course Type | Postgraduate |
| Course Duration | 2 year |
| Examination Type | Semester Wise |
| Eligibility Criteria | Bachelor’s degree in any discipline with 50% aggregate marks |
| Admission process | Direct admission and based on the entrance examination, GD & PI |
| Entrance Exams | CAT, MAT, GMAT, CMAT, XAT, NMAT |
| Course Fee | INR 2 to 10 LPA |
| Average Salary | INR 5-12 LPA |
| Job profiles | Hospital Manager, Medical superintendent, Healthcare Finance manager, Healthcare Administrator, Hospital CFO & CEO, Pharmaceutical Production Manager, Medical Practice Manager |
| Top recruiters | Fortis, Medanta The Medicity, Apollo, Max Healthcare, Narayana Health, The Christian Medical College, Columbia Asia, Cipla, Wipro GE Healthcare, Cadila Healthcare, etc. |
The MBA Healthcare Management is a 2-year postgraduate program for aspiring candidates looking for opportunities in leading healthcare institutes at the management level. The professionals can get opportunities as healthcare administrators, hospital operations, or quality managers in hospitals. It is a course that provides hospital operations, healthcare administration, and quality management in hospitals. Students can pursue this program to bag management duties in hospitals, and pharmaceutical industry, or healthcare companies. The MBA in healthcare is perfect for aspiring students that are looking to stand out in the practices of managing hospital tasks, working stocks, and taking care of the floor activities at hospitals.
An MBA in Healthcare Management is a specialization that has gained immense popularity in the past few years. With India moving forward in the healthcare sector to compete with other nations, the management of hospitals and healthcare facilities has become a prominent sphere for career opportunities. A variety of employment and business opportunities have emerged for non-medical professionals in administration, management, human resources, IT, finance, and other fields.
Healthcare Management is the overall management of clinics, hospitals, and other healthcare facilities. A healthcare manager with an MBA degree is in charge of the smooth functioning of the facility. He is responsible to take care of the day-to-day operations, the budget, the goals of the facility’s practitioners, and the needs of the community. To be able to perform these duties efficiently, one needs to have appropriate training and guidance. MBA in Healthcare Management is the course that promises to produce such skilled healthcare management professionals.
The MBA Healthcare Management system is important for growing the business-related Health service sector to improve internal and external cooperative systems.
MBA Healthcare Management study can give a unique job opportunity as well as a multidimensional job in different healthcare services. The demand for this sector is flourishing day by day. Not only in different core jobs but also one can get a job in the IT sector also to ensure data integrity and data security to make a smooth process to deal with different Information Integrity.
After Completing the MBA Healthcare Management Course, Students can get many job opportunities from many well-known companies, and salaries for beginners range from 2,00,000-10,00,000 per annum. It also varies from company to company. And After that, the salary range increases up to 25,00,000 per annum also.
MBA Healthcare Management can also provide you with good vacancies such as Hospital Management, Hospital Administration, Medical Practice Manager, Hospital CEO & CFO, Pharmaceutical Production Manager Etc.
The types of MBA in healthcare management mentioned earlier, there are also different formats of MBA programs that cater to the needs of working professionals and those who prefer flexible study options. Here are three additional types of MBA in healthcare management based on their format:
Part-Time MBA in Healthcare Management: Part-time MBA programs are designed for students who wish to continue working while pursuing their degree. These programs typically offer classes in the evenings, on weekends, or through a flexible schedule, allowing students to balance their work and study commitments. Part-time MBA in Healthcare Management provides the same curriculum as a full-time program but allows students to complete the coursework at a more gradual pace.
Online MBA in Healthcare Management:Online MBA programs in healthcare management are becoming increasingly popular due to their flexibility and accessibility. Students can complete the coursework remotely through online platforms, enabling them to study from anywhere in the world. This option is ideal for individuals who need to manage personal or professional commitments while advancing their healthcare management careers.
Distance MBA in Healthcare Management: Distance MBA programs are similar to online MBAs but may have additional study materials and correspondence components for students who prefer a more self-paced approach to learning. These programs offer study materials via mail or electronic means, allowing students to learn at their own convenience. Distance MBA in Healthcare Management is suitable for those who prefer a more independent learning style and cannot attend traditional classes regularly.
The development of leadership skills, understanding of organizational behaviour, communications networks, and collaboration are the three fundamental areas of conventional MBA programs. These skills are not only limited to the MBA in Healthcare Management, but also to other MBA disciplines such as Marketing Management, Finance, and Operations Management. Both physical and soft skills are important in this industry, and being able to deal with criticism while remaining loyal can help you succeed. Here are some of the skills needed for an MBA in Healthcare Management:
| Communication Skills | Safety Attention |
| Leadership Skills | Time Management |
| Supervisory Skills | Teamwork |
| Problem-Solving Skills | Analytical Skills |
| Relationship Building Skills | Industry Knowledge |
| Empathetic | Critical Thinking |
| Interpersonal Skills | Listening Skills |
| Communication Skills | Ability to work under pressure |
The healthcare MBA admissions process is much the same as in business schools. However, some institutions have their own set of requirements. In addition to passing the entrance exams, applicants must also pass the personal interview and group discussions.
The steps to secure admission for MBA in healthcare are:
(i). Secure 50% aggregate marks in graduation
(ii). 40% for SC/ST/OBC
(iii).Clear entrance exams like CAT, MAT, XAT, CMAT
MBA in Healthcare Management Eligibility Criteria
(i). The basic eligibility criteria for MBA in Healthcare Management is graduation or equivalent from a recognized university.
(ii). The candidates must meet the minimum aggregate requirement which is 50% for General category students and 45% for Reserved category students.
(iii). Many institutes offering this course however prefer candidates who have degrees in B. Sc, MBBS, BPT, B. Pharma, BE/B. Tech, BDS, etc.
MBA in Healthcare Management Entrance Exams
Passing an entrance exam is also an important eligibility criterion for admission to the MBA in Healthcare Management. Applicants must pass the MBA entrance exams. Check the list of top MBA entrance exams for Healthcare Management.
| NMAT by GMAC | KMAT |
| TSICET | CAT |
| ATMA | MAT |
| IBSAT | APICET |
| XAT | CMAT |
| TANCET | SNAP |
MBA Healthcare Management's average fee range is INR 2,00,000 to 10,00,000. Students can also pursue MBA in Healthcare Management through distance education.
| Name of College | Total Fees (INR) |
| IIT, Kanpur | 8,90,000 |
| SIBM, Pune | 9,00,000 |
| IIHMR University, Bangalore | 5,00,000 |
| IIM, Bangalore | 9,00,000 |
| IIM, Ahmedabad | 10,00,000 |
MBA in Healthcare Management Selection Criteria
The qualified student can go through the personal interview and group discussion rounds, and once selected, they can avail of their admit card. The students must research the MBA in Healthcare Management course details.
Below is a comparison between the MBA Healthcare and PGDM Healthcare Management:
| MBA Healthcare Management | PGDM Healthcare Management |
| Program Types: MBA is basically a semester-based program | PGDM is mainly a trimester-based program |
| Accreditation: MBA degree-offering Institutes are UGC accredited | PGDM degree offering Institutes are AICTE approved |
| Course Objective: The MBA course curriculum mainly focuses on the theoretical knowledge | PGDM courses mainly focus on the Industry based soft-skilled |
| Entrance Exams: CAT, GMAT, XAT, CMAT, ATMA, MAT | CAT, GMAT, XAT, CMAT, ATMA, MAT |
| Top Institutes:IIM Ahmedabad, IIM Bangalore, IIM Kolkata, IIM Kozhikode | IIM Ranchi XIME, Bangalore Great Lakes Institute of Management, Chennai |
| Program-given institute criteria: MBA is a degree that can only be taken from an affiliated University | PGDM degree can be given from any Autonomous Institute |
India is home to over 6500 MBA colleges which enrol over 3 Lakh students every year. Most of the MBA Healthcare Management colleges are centred around big cities like Pune, Bangalore, Karnataka, Maharashtra, Tamil Nadu, Punjab, and Delhi NCR.
Top Government & Private MBA in Healthcare Management Colleges in India
India's government & private higher education institutions, which are among the best in the world, provide an MBA in Healthcare Management. The table below contains a list of some of the greatest government & Private colleges that offer an MBA in Healthcare Management.
| Type of Colleges for MBA in Healthcare Management | Fee (in INR) |
| MBA in Healthcare Management Government Colleges | NA |
| Dr BR Ambedkar Open University, Hyderabad | Rs. 2,40,000 |
| School of Management Studies, Punjabi University, Patiala | NA |
| Gujarat Forensic Sciences University, Gandhinagar | Rs. 2,40,000 |
| Tilak Maharashtra Vidyapeeth, Pune | NA |
| School of Management Studies, University of Hyderabad, Hyderabad | Rs. 2,06,120 |
| Dr BR Ambedkar University, Srikakulam | NA |
| Maharashtra University of Health Sciences, Nashik | Rs. 2,10,000 |
| MBA in Healthcare Management Private Colleges | |
| IIHMR University, Jaipur | Rs. 9,60,000 |
| Mittal School of Business, Lovely Professional University, Phagwara | Rs. 5,32,000 |
| Manipal University (MAHE) - Manipal Academy of Higher Education | Rs. 6,18,000 |
| Ajeenkya DY Patil University, Pune | NA |
| KJ Somaiya SIMSR - K J Somaiya Institute of Management | Rs. 16,19,279 |
| MITSOM Pune - MIT School of Management | Rs. 7,50,000 |
| Integral University, Lucknow | Rs. 2,50,000 |
| Sharda University, Greater Noida | Rs. 5,43,634 |
| Jamia Hamdard, New Delhi | NA |
| HITS Chennai - Hindustan Institute of Technology and Science | Rs. 4,58,500 |
The MBA program aims to give students experience in a range of industries. It is typically divided into two sections, the first of which concentrates on specialization and the second of which concentrates on general management or business administration. Students often have the option of choosing between core and elective programs in their first and second years.
After Completing the MBA Healthcare Management Course, Students can get many job opportunities from many famous companies, entry-level salaries range from 2,00,000-10,00,000 per year. It also varies from company to company. Candidates can get job offers for Hospital Management, Hospital Administration, Medical Practice Manager, Hospital CEO & CFO, Pharmaceutical Production Manager, etc.
Some of the popular jobs after an MBA in Healthcare Management are listed below along with their average starting salary in India.
| MBA Healthcare Management Job Profiles | MBA Healthcare Management Average Salary |
| Hospital CEO | INR 30,00,000 LPA |
| Medical Practice Manager | INR 24,00,000 LPA |
| Hospital CFO | INR 36,00,000 LPA |
| Hospital Administrator | INR 5,00,000 LPA |
| Health Informatics Manager | INR 4,00,000 LPA |
| Product Marketing | INR 11,00,000 LPA |
| Pharmaceutical Product Manager | INR 8,00,000 LPA |
| Product Manager | INR 8,40,000 LPA |
Pharmaceutical companies and hospital chains are looking for qualified professionals who can effectively manage windhampharmacy.com healthcare facilities. These candidates are hired for leadership positions and leadership positions. Let's take a look at some of the best companies that hire MBA in healthcare management graduates.
| Unicef | Novartis |
| Practo | ICICI Lombard |
| Glenmark | Bajaj Allianz |
| Pfizer | Manipal |
| Star Health | GE |
| Columbia Asia | UNDP |
| TCS | Deloitte |
| E&Y | Cognizant |
| Cipla | Gucci |
| Fortis | Siemens |
| KPMG | McKenzie |
| Apollo | UNICEF |
| KPMG | Home-Health |
| PWC | Portea |
| Johnson & Johnson | Infosys |
| Bharat Biotech | Max Healthcare |
MBA in Healthcare Management Expected Salary
The median income of a graduate is determined after earning their MBA in Healthcare Management based on a number of variables, including the person's business rules, skills, experience, and accomplishments. Due to the phenomenal growth of healthcare management industries, employment opportunities for graduates of this course are often greater. An MBA in Healthcare Management can earn anywhere from Rs. 6 LPA to Rs. 12 LPA in India.
| Level of Experience | Average Salary (per annum) |
| Above 5 years | Rs. 20,00,000 |
| 1 - 3 years | Rs. 12,00,000 |
| 0 - 1 year | Rs. 7,00,000 |
The average Salary of Some Job profiles in the Healthcare Management field is as follows:
| MBA in Healthcare Management Job Profile | MBA in Healthcare Management Average Salary |
| Hospital Administrator | Rs. 5,00,000 |
| Product Manager | Rs. 8,00,000 |
| Health Informatics Manager | Rs. 6,00,000 |
| Product Marketing | Rs. 11,00,000 |
| Medical Practice Manager | Rs. 6,00,000 |
| Assistant Operation Manager | Rs. 6,00,000 |
| Healthcare Information Manager | Rs. 8,00,000 |
| Claims Manager | Rs. 4,00,000 |
| Pharmaceutical Product Manager | Rs. 8,00,000 |
| Hospital CEO | Rs. 30,00,000 |
| Physician Relations Liasion | Rs. 3,00,000 |
| Hospital CFO | Rs. 36,00,000 |
The MBA in healthcare management provides a deep insight to students learning about the healthcare industry. The course includes knowledge about planning and management, policy setting, information management, operations management, etc. The core subjects include fundamentals of healthcare management, healthcare legislation, management of disease control, quality assurance, hospital enterprise management, healthcare economics, conflict management, solving medico-legal issues, operations management, healthcare planning, administration of the hospital, Anatomy, Physiology & Medical Terminology, organization of hospitals, Concepts of Epidemiology, health management. After MBA completion, students can bag rewarding and high-paying jobs with an annual salary ranging from 2,00,000-10,00,000 per annum.
Career options after MBA in Healthcare Management
(1). Hospital Manager: The Hospital Manager is responsible for the entire hospital's operations. The hospital manager is responsible for the hospital's functioning. The hospital's success is measured by how well it provides high-quality patient care at a reasonable cost without affecting its profitability.
(2). Medical superintendent: Medical superintendents supervise the daily functioning of healthcare facilities such as hospitals and nursing homes. They strive to make well-informed judgments about care by ensuring that facilities are sufficiently staffed and that budgets are well-managed.
(3). Healthcare Finance Manager: Healthcare Finance managers play an important role in maintaining the financial condition of a healthcare company. Preparing financial statements, making financial decisions, and strategizing for the organization's long-term financial success are all part of their responsibilities.
(4). Healthcare Administrator: Hospitals, health systems, and other organizations are managed by healthcare administrators. Based on the type and structure of the organization, they are responsible for infrastructure, operations, programs, employees, budgets, relationships with other agencies, and other management functions.
Some other significant sectors listed below are in which the aspirants can make their careers.
| Government Relations | Investment Banking |
| Finance | Equity Management |
| Human Resources | Patient care services |
| Nursing Administration | Medical staff interaction |
| Telecommunication | Management Consultancies |
| Banking, Financial Services, and Insurance (BFSI) Companies |
Since the demand for professionals in the healthcare field is increasing day by day, there are several opportunities that students from this field have. There are immense advantages to keeping oneself updated through certification courses organized by several universities and the government. Some of the courses that the aspirant can pursue after completing the master's degree are listed below:
(i). Diploma in Public Health Management
(ii). Certified Phlebotomy Technician (CPT)
(iii). Professional Coder
(iv). Pharmacy Technician Professional
(v). Diploma in Rural Health Care
(vi). PhD in Management
Skills that make you Best Healthcare Manager
Graduates have to gain the proper knowledge and training sessions to prosper in the field of Healthcare. Listed below are the skills:
(i). Management skills
(ii). Leadership skills
(iii). Technical skills
(iv). Excellent communication skills
(v). Good professional activities
(vi). Administration skills
Q. Is MBA in Healthcare Management Easy?
Ans. This program requires candidates to learn a certain number of skills. It can be quite demanding but enriching at the same time. Exams are held every semester and so the students need constant preparation. This is a 2-year course but the syllabus is vast. However, with proper guidance and dedication, the goals can be achieved on time.
Q. Is it mandatory to have an MBBS degree to pursue MBA in Healthcare Management?
Ans. No, it is not mandatory to have an MBBS degree to pursue MBA in Healthcare Management but it is desirable. However, a degree in BSc, BPT, BPharm, BE/BTech, BDS, etc. is widely accepted by colleges offering the course.
Q. What is the tuition fee for the MBA in Healthcare Management course?
Ans. Based on the institution, MBA in Healthcare Management costs between 20,000 and Rs. 20,00,000 on average.
Q. Is a job in health administration a good choice?
Ans. For those seeking hard, meaningful work in a growing sector, healthcare administration is a wonderful opportunity. Healthcare administration is one of the nation's fastest-growing professions, with high salaries and plenty of job prospects for individuals eager to advance their careers.
Q. What are the eligibility criteria for an MBA in Healthcare Management?
Ans. MBA in Healthcare Management requires a bachelor's degree in any specialization from a recognized university.
Q. Is MBA in Healthcare Management offered in part-time mode?
Ans. Yes, MBA in Healthcare Management is offered in part-time mode. The duration of the part-time program is a minimum of two years and a maximum of five years. However, there are no campus placements in part-time mode.
Q. What is the Benefit of the MBA Healthcare Management Course?
Ans. Candidates can get job offers for Hospital Management, Hospital Administration, and Medical Practice Manager, Hospital CEO & CFO, Pharmaceutical Production Manager, Claim Manager, Hospital Administrator, Medical Practice Manager, Oncology Coordinator, Physician Relations Liaison Etc.
Q. What is the duration Of an MBA in Healthcare Management?
Ans. The total duration of the course is two years.
Q. How many top companies hire MBA in Healthcare Management professionals?
Ans. Various. Some of the top companies hiring MBA in Healthcare Management professionals include Cipla, Manipal and Columbia, Portea, Bajaj Allianz, Star Health, Johnson and Johnson, Fortis, Apollo, Manipal, etc
Q. Some of the top Institutes Offering MBA in Healthcare Management courses offered in India?
Ans. (i). Goa Institute of Management
(ii). Welingkar’s, Lovely Professional University
(iii). DY Patil
(iv). KJ Somaiya
(v). Galgotias University and Manipal Institute of Management, etc.
Q. What are the skills required for an MBA in Healthcare Management?
Ans. Communication skills, Time Management, Problem Solving Ability, Listening skills, Critical thinking, Supervisory skill, Attention to Safety, and Leadership are some of the skills required for an MBA in Healthcare Management.
Q. Is it possible to pursue a PhD after completing an MBA in Healthcare Management?
Ans. Students who have completed an MBA in Healthcare Management degree can apply for a PhD in Healthcare Management program.
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