MBA (Hospital and Healthcare Management) - Symbiosis International University (SIU), Pune

  • Years 2 Years
  • Type Course Post Graduate
  • stream Management
  • Delivery Mode

About MBA in Hospital and Healthcare Management

An MBA in Hospital and Healthcare Management is a specialized program designed to equip individuals with the necessary skills and knowledge to manage and lead healthcare organizations effectively. This degree is particularly relevant in today's dynamic healthcare industry, where there is a growing demand for competent professionals who can navigate the complexities of healthcare management. The program typically covers various aspects of healthcare, including healthcare operations, finance, marketing, human resources, policy, and ethics.

In this program, students learn how to address the unique challenges faced by healthcare institutions, such as increasing costs, changing regulations, and the need for quality improvement. They gain a comprehensive understanding of healthcare systems and the interplay between medical services, patient care, and business operations. Graduates of an MBA in Hospital and Healthcare Management can pursue a wide range of careers in hospitals, clinics, pharmaceutical companies, insurance firms, government agencies, and other healthcare-related organizations.

Throughout the course, students often engage in case studies, projects, and internships to gain practical experience and develop critical thinking and problem-solving skills. They also learn how to strategize and implement solutions to optimize healthcare services while keeping the patient's well-being at the forefront. Overall, an MBA in Hospital and Healthcare Management offers a promising pathway for individuals passionate about making a positive impact on healthcare delivery and patient outcomes.

Course Highlights of MBA in Hospital and Healthcare Management

Particulars Values
Course Name Master of Business Administration in Hospital and Healthcare Management
Course Level Post Graduate (PG)
Course Duration 2 years
Examination Type Semester System
Eligibility Criteria Bachelor's degree in any discipline with a minimum of 50% score from a recognized university
Admission Process Merit/Entrance Based
Specialization Hospital and Healthcare Management
Internship Yes
Entrance Exams CAT, MAT, XAT, SNAP, etc.
Course Fee INR 30,000 to 4,00,000
Average Annual Salary INR 5,00,000 to 8,00,000
Top Recruiters Cipla, Apollo Life, Cadila HealthCare, Wipro GE HealthCare
Job Profiles Healthcare Manager, Hospital Administrator, Chief Operations Officer, Healthcare Advisor, and Compliance Officer, Program Planning Advisor

Why Study MBA in Hospital and Healthcare Management?

Studying MBA in Hospital and Healthcare Management offers numerous advantages and opportunities for individuals interested in pursuing a career in the healthcare industry. Here are some compelling reasons to consider this field of study:

(1) Rapidly Growing Industry: The healthcare industry is continuously expanding, driven by factors such as an aging population, advancements in medical technology, and increased demand for healthcare services. This growth opens up a wide range of job opportunities for MBA graduates specializing in healthcare management.

(2) Diverse Career Options: Pursuing an MBA in Hospital and Healthcare Management can lead to various career paths within the healthcare sector. Graduates can work in hospitals, clinics, pharmaceutical companies, health insurance firms, public health organizations, and healthcare consulting, among others.

(3) Combining Business and Healthcare Expertise: An MBA in this field equips students with a unique skill set that combines business acumen with an understanding of healthcare systems and practices. This blend of knowledge is highly valuable, as it enables professionals to make strategic decisions that consider both financial and patient care aspects.

(4) Impactful Work: Working in the healthcare industry provides a sense of purpose and fulfillment, as professionals contribute to improving people's health and well-being. Hospital and healthcare managers play a crucial role in optimizing operations, enhancing patient experiences, and increasing the overall efficiency of healthcare facilities.

(5) Leadership Opportunities: Healthcare management roles often involve leadership positions. With an MBA in this specialization, individuals are better prepared to take on managerial and executive roles within healthcare organizations, driving positive change and innovation.

(6) Financially Rewarding: Management positions in the healthcare sector are often associated with competitive salaries and benefits. As the demand for skilled healthcare managers increases, there is potential for career growth and higher earnings.

(7) Addressing Complex Challenges: Healthcare management is full of unique challenges, such as budget constraints, evolving regulations, and the need to adopt new technologies. An MBA education provides the tools to tackle these complexities effectively.

(8) Interdisciplinary Learning: Students pursuing an MBA in Hospital and Healthcare Management gain insights from various disciplines, including finance, marketing, human resources, and healthcare policy. This multidisciplinary approach enhances their problem-solving abilities and decision-making skills.

(9) Global Relevance: Healthcare is a universal need, and the skills acquired through this MBA specialization can be applied in various countries and regions worldwide. It opens doors for international job opportunities and collaboration in the global healthcare arena.

(10) Fulfilling Demand for Expertise: As the healthcare industry continues to evolve, there is an increasing demand for qualified professionals with a strong understanding of both business management principles and healthcare operations.

Overall, studying MBA in Hospital and Healthcare Management can be a rewarding and promising career choice for individuals looking to make a positive impact in the healthcare field while leveraging their business skills.

Eligibility Criteria for MBA in Hospital and Healthcare Management

The eligibility criteria for an MBA in Hospital and Healthcare Management can vary depending on the specific university or institution offering the program. However, a general outline of typical eligibility requirements:

(1) Educational Qualification: Candidates should have completed their undergraduate degree from a recognized university or institution. The most common requirement is a bachelor's degree in any discipline, but some universities might prefer candidates with a background in healthcare, life sciences, management, or related fields.

(2) Minimum Marks: Many institutions have minimum academic requirements, often expressed as a minimum percentage or CGPA (Cumulative Grade Point Average) in the undergraduate degree. The specific percentage or CGPA required can vary between institutions.

(3) Work Experience: While not always mandatory, some institutions may prefer candidates with relevant work experience in the healthcare sector. Work experience can be an advantage during the selection process and may enhance the candidate's understanding of the healthcare industry.

(4) Entrance Examinations: Some universities or colleges may require candidates to take specific entrance examinations, such as CAT (Common Admission Test), MAT (Management Aptitude Test), or GMAT (Graduate Management Admission Test). These exams assess the candidate's aptitude in quantitative reasoning, verbal abilities, data interpretation, and general knowledge.

(5) Language Proficiency: Proficiency in the English language is often required, as the medium of instruction for most MBA programs is English. Candidates may need to provide proof of English language proficiency through tests like IELTS or TOEFL if their previous education was not in English.

(6) Personal Interview or Group Discussion: Many institutions conduct personal interviews or group discussions to assess the candidate's communication skills, personality traits, and understanding of healthcare management concepts.

Admission Process for MBA in Hospital and Healthcare Management

Admission to the program is based on the candidate's score on the admission test.

1. Some of the leading entrance exams held for this purpose across India are CAT, MAT, XAT, CMAT etc.

2. Some universities also offer merit-based admission. Normally, the admissions process begins in August and September. 

3. By the end of August, online forms will be available for almost all entrance exams.

Merit-based admission

1. Apply for admission to the colleges or universities that interest you.

2. Good results in the Baccalaureate exams, since the results obtained form the basis of the entire recruitment process.

3. universities publish their cutting lists promptly. Check whether you are suitable for the course of your choice.

4. If eligible, attend college and submit all required documents.

Entrance based Admission

1. Apply for admission to the colleges or universities that interest you.

2. Register for the entrance exams you need to become your college of choice.

3. In order to be admitted to further rounds of recruitment, it is necessary to achieve a score above the minimum qualification percentile set by the home university.

4. After the written test, specific group debates and cycles of individual interviews are foreseen to determine the final ranking of the selected candidates.

5. At the end of all examinations, the college or university announces the result and publishes the ranking of finalists based on the written examination, group discussion and individual interview.

6. After completing the recruitment process, the places are finally assigned to the applicants, the applicant pays the tuition fee and registers for the reference academic year.

Skills Required for MBA in Hospital and Healthcare Management

Pursuing an MBA in Hospital and Healthcare Management requires a diverse set of skills to effectively manage and lead in the healthcare industry. Here are some of the essential skills that will be beneficial for a successful career in this field:

1. Excellent communication skills

2. Good professional activates

3. Leadership skills

4. Technical skills

5. Administration skills

6. Management skills

Entrance Exams for MBA in Hospital and Healthcare Management

Passing the entrance exam is also an important admission criterion for admission to the MBA in Hospital and Healthcare Management. Applicants must pass the MBA entrance exams. Check out the list of Best MBA in Hospital and Healthcare Management Entrance Exams.

CAT XAT
CMAT MAT
SNAP NMAT by GMAC
ATMA IBSAT
APICET TSICET
TANCET KMAT

Fee Structure for MBA in Hospital and Healthcare Management

The average fees for MBA in hospital and healthcare management ranges from INR 20,000 to 10 lakh. Students can also pursue an MBA in Hospital and Healthcare Management through distance learning.

Name of College Average Annual Fees
IIM, Ahmedabad INR 10 LPA
IIM, Bangalore INR 9.6 LPA
SIBM, Pune INR 9 LPA
IIT, Kanpur INR 8.9 LPA
IIHMR University, Bangalore INR 5 LPA

Selection Process for MBA in Hospital and Healthcare Management

A qualifying student can conduct in-person interviews, and group discussions, and, once selected, use an admission card. It is imperative for students to research the details of the MBA in Healthcare Management program.

After considering all aspects of the candidate's performance, including entrance exam scores, GD, PI, academic record, and other factors, the final selection is made. Successful candidates receive offers for admission into the MBA in Hospital and Healthcare Management program.

Course Comparison of MBA in Hospital and Healthcare Management

The following table shows the comparison between MBA in Hospital and Healthcare Management and PGD in Hospital and Health Management:
 

Parameters MBA in Hospital and Healthcare Management PGD in Hospital and Health Management
Course Name Master of Bachelor Administration in Hospital and Healthcare Management Post Graduate Diploma in Hospital and Health Management
Course Overview This course aims at understanding the issues faced by healthcare systems, and the skills required for the perfect functioning of the healthcare sector. This course prepares students with a management-oriented perspective of the medical and healthcare sectors.
Course Duration 2 Years 2 Years
Course Level Post Graduate (PG) Post Graduate (PG)
Eligibility Criteria Bachelor's degree in any discipline with a minimum of 50% score from a recognized university A bachelor's degree in any discipline with a minimum of 50% marks or an equivalent CGPA
Admission Process Merit-based and Entrance exam Merit-based and Entrance exam
Career Prospect Healthcare Manager, Hospital Administrator, Chief Operations Officer, Healthcare Advisor, Compliance Officer, Program Planning Advisor Hospital Quality Assurance Executive, Healthcare Management Executive, Health Administrator, Internal Corporate Analyst etc. 
Average Annual Salary INR 5,00,000 to 8,00,000 INR 4,00,000 to 10,00,000

Top Colleges of MBA in Hospital and Healthcare Management

Listed below are some of the top MBA in Hospital and Healthcare management colleges in India which offer the course:

Name of College AverageAnnualFee (INR)
University of Hyderabad, Telangana INR 1,07,180
SRIHER, Chennai INR 2,00,000
IIHMR University, Jaipur INR 5,80,000
SIU, Pune INR 4,44,000
DPU, Pune INR 2,10,000
Dy Patil University, Navi Mumbai INR 4,20,000
HITS, Chennai INR 2,53,000
MITWPU, Pune INR 3,75,000
Galgotias University, Greater Noida INR 1,59,000

Jobs and Placements in MBA in Hospital and Healthcare Management

The scope of the MBA in Hospital and Healthcare Management is broad and offers many career opportunities in healthcare, an important revenue-generating industry that offers graduates a rewarding career. There are many MBA positions in hospital and healthcare management that graduates can pursue within an organization.

Private Jobs

The average salary for an MBA in Hospital and Healthcare Management in the private sector ranges from INR 2.5 to 20 LPA. MBA in Hospital and Healthcare Management careers and associated salaries are listed below:

Job Profiles Salary (INR)
Product Manager 2.87 LPA
Healthcare consultant 5.5 LPA
Healthcare Administrator 2.0 LPA
Healthcare Manager 3.6 LPA
Government Jobs

The average salary for an MBA graduate in Hospital and Healthcare Management in Government positions in India is INR 3-7 LPA. Here are the government MBA positions in health management with salaries:

Top Government Hiring Companies Job Designation
Directorate of Health Services Goa Operations Manager
Central Drug Research Institute Technology Officer
OIL India Limited Senior Officer
Cotton Corporation of India Management Trainee
Abroad Jobs

Top International Recruiting Companies who hire MBA in Hospital and Healthcare Management graduates are:

GE Healthcare Directorate of Health Services Goa
Cognizant Technology Solutions Central Drug Research Institute
Accenture OIL India Limited
Apollo Hospitals Cotton Corporation of India
UNICEF Cipla
Glenmark Columbia Asia
Wipro GE Healthcare Abbott Laboratories

Scope for MBA in Hospital and Healthcare Management

An MBA in Hospital and Healthcare Management offers promising career prospects within the dynamic and ever-expanding healthcare industry. Graduates with this specialized degree gain comprehensive knowledge and skills in healthcare administration, strategic planning, financial management, and healthcare policy, positioning them for leadership roles in hospitals, healthcare organizations, pharmaceutical companies, consulting firms, and government agencies. With the increasing demand for efficient and quality healthcare services, professionals with expertise in managing healthcare operations, optimizing resource utilization, implementing innovative technologies, and ensuring regulatory compliance are highly sought after, making this MBA program a gateway to fulfilling and impactful careers in improving healthcare systems and patient outcomes.

MBA in Hospital and Healthcare Management: Career Prospects

A Master of Business Administration (MBA) in Hospital and Healthcare Management offers promising career prospects in the rapidly growing healthcare industry. Graduates with this specialized degree possess a unique skill set that combines business acumen with in-depth knowledge of healthcare systems, policies, and practices. They are equipped to take on leadership roles in various healthcare settings, including hospitals, clinics, pharmaceutical companies, healthcare consulting firms, and government health agencies.

The demand for professionals with expertise in hospital and healthcare management is on the rise as the healthcare industry faces complex challenges in managing costs, improving patient outcomes, and adapting to technological advancements. With an MBA in this field, graduates can pursue roles such as hospital administrators, healthcare consultants, healthcare project managers, and healthcare analysts. These positions offer competitive salaries and opportunities for advancement, making the MBA in Hospital and Healthcare Management a promising choice for individuals seeking a rewarding and impactful career in the healthcare sector. Additionally, with the ongoing evolution of the healthcare landscape, there is ample room for innovation and entrepreneurial ventures, allowing MBA graduates to play a vital role in shaping the future of healthcare delivery and policy-making.

FAQs on Hospital and Healthcare Management

(1) Is an MBA in Hospital and Healthcare Management better than an MBA?

Ans: When considering reputation, cost, and salary prospects, an MBA in Hospital and Healthcare Management is significantly better than a Master's in Management.

(2) What is the difference between an MBA in Hospital and Healthcare Management and a Master of Public Health (MPH)?

Ans: MBA HHM trains students in the proper functioning of hospital and healthcare facility management, while MPH focuses on studying disease patterns in a specific community or population and implementing community healthcare programs.

(3) What is the Average MBA HHM Graduate Salary in India?

Ans: An average annual salary of between INR 4,00,000 and INR 9,00,000 can be expected, however, senior positions may be offered to applicants which will improve salary prospects.

(4) What is the best age for an MBA?

Ans: Preference will be given to applicants between the ages of 26 and 30 when their careers are at their peak.

(5) Why is an MBA course at HHM expensive?

Ans: In order to produce competent business people, many different teaching methods and activities must be employed, and the costs of all these activities result in higher fees.

(6) Is MBA better than CA?

Ans: Given the difficulty of the courses, job opportunities, and affordability, an MBA is a better choice. But CA is much more famous.

(7) Is it worth doing an MBA HHM?

Ans: Given the growing demand for healthcare executives and depending on the skills of the candidates, roles up to C-suite can be filled in these areas, making the course a valuable degree.

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