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Kamaldeep
17 May, 2024
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Ever wondered how a Master’s Degree can land you in the world of Healthcare? Yes, you heard it right! The Healthcare industry is not limited to treating patients with the best doctors, nurses and medicines; but it is open to the world of management students aspiring to be a part of the Healthcare industry making you the backbone of the world-class facilities.
Healthcare Management aims to structure the Healthcare Administration so that better facilities can be provided across the globe. The Healthcare industry is not limited to the upper class of society; rather it is one of the few industries which is required by each individual during their lifetime.
Healthcare Management aims to upskill and update professionals willing to learn the latest trends in the field of Healthcare. An MBA in Healthcare Management helps you learn Informatics, Hospital Planning, Infrastructure Management and other key subjects to navigate your journey to become a future-ready professional.
An MBA in Healthcare Management opens a gateway to ample career opportunities in General Management, Finance, HR, Marketing, C-Suit in the Drug Development, Insurance, MedTech and Clinical Settings. The standout feature of this degree in particular is its versatility. You can become a Pharmaceutical Brand Manager, Consultant in Sales, Insurance Coordinator or even a CEO, COO or CFO in a renowned hospital.
The world of Healthcare is so vast that an MBA in the field can help you upskill your knowledge, guide you through career transition, increase earning potential or gain a broader perspective. Let’s delve into the curriculum of Healthcare Management combining the core business subjects with specialised Healthcare courses.
| Course Name | MBA in Healthcare Management |
| Course Type | Masters’ Programme |
| Modes | Full-Time, Part-Time, Distance, Online |
| Eligibility | Graduate in any field with a minimum of 50% marks in aggregate from a recognised university |
| Duration | 2 Years |
| Average Salary Offered | INR 2 LPA – 10 LPA |
| Employment Roles | Hospital Administrators, Food and Beverage Managers, Medical and Healthcare Service Managers, Healthcare Finance Managers, Medical and Health Services Managers, Health Policy Analysts |
An MBA Degre in healthcare management is like having dual superpowers! Getting an MBA is actually about blending the skills of healthcare management and business management. You will be required to perform at your best but will be your ship’s captain. Through an MBA in healthcare, you will understand business and healthcare, which shall help you make better judgements and enhance the operations of healthcare organisations. Becoming a healthcare manager will improve your decision-making, communication, and efficiency. Moreover, you are welcomed into a world where patience and intelligence lie in the same place.
MBA in Healthcare Management is a Master’s degree programme that focuses on the business aspects of the Healthcare industry. The major work of a Healthcare Manager revolves around ensuring that all the departments work with complete efficiency and function as a whole. As we all know India is today the most populous nation in the world. With such a large population ensuring better medical and healthcare facilities becomes essential. If you are looking for better job security, both private and public health sectors employ specialists on a long-term basis.
A number of professions within the domain of Healthcare Management pay more than any other management sector. With a big job flow in both India and abroad, you can achieve the goal of becoming the best with an MBA in Healthcare Management.
The key benefits of an MBA in Healthcare Management are as follows:
Get Two for the Price of One: An MBA in healthcare will include management and non-clinical healthcare advancement skills. Therefore, pursuing an MBA in healthcare will be one of the best decisions if you want to save time and learn more. It will upgrade your skills in decision-making, analytical thinking, and problem-solving.
Higher Heavier Salary Packages: An MBA in healthcare will get you a placement with a higher package. Depending on your college, experience, and expertise, you will increase your average income by 30-40% after completing your MBA.
High-Demand Sector: The Healthcare sector has become one of the most in-demand sectors around the globe. This reflects that the demand for professionals who can showcase their skills in management and operations is always fancy.
The Healthcare Sector as discussed above is constantly changing. Whether you wish to become a Healthcare Consultant or an Administrator, the management in the same can help you achieve your goal. Let us check out the latest MBA in Healthcare Management curriculum.
| Semester 1 | Semester 2 |
| Fundamentals of Healthcare Administration | Cost Accounting |
| Healthcare Legislation | Strategic Management in Healthcare |
| Managerial Economics | Healthcare Policies & Regulations |
| Quality Assurance | Fundamentals of Digital Marketing |
| Marketing Management | Management of Disease Control |
| Principles of Management | Healthcare Accounting |
| Conflict Management | Business Research Methods -Workshop |
| Hospital Operation | Healthcare Accounting |
| Financial Accounting | Bio-Statistics and Operations Research |
| Semester 3 | Semester 4 |
| Operations Management | International Health |
| Healthcare Planning | Healthcare Informatics |
| Epidemiology Concepts | Anatomy, Physiology and Medical Terminology |
| Quality Management and Insurance | Legal Aspects of Healthcare |
| Customer-Centric Organization | HR in Hospitals |
| Healthcare Analytics | Revenue Cycle Management in Healthcare |
| Branding in Healthcare | Healthcare Information System |
Most of the universities require the following eligibility criteria:
The candidate pursuing an MBA in Healthcare Management requires a bachelor’s degree in any discipline with 50% aggregate marks.
The candidate needs to appear in entrance exams like CAT, MAT, XAT, MAH CET, TISS NET, etc. to seek entry.
It is important to note here that the above-mentioned eligibility criteria is the general criteria that is followed by most of universities. Admission to the top universities offering the course of MBA in Healthcare Management is based upon the above-mentioned criteria. However, in India, there are several private and government institutes that offer MBA in Hospital Administration programmes and as a result, the criteria may vary depending upon the universities.
In addition to the above-mentioned criteria, some of the universities require candidates to appear for a personal interview/group discussion/micro-presentation.
| Exam Name | Exam Date |
| CAT 2023 | 26th November 2023 |
| MAH | Likely to be held in March, 2024 |
| CET | To be declared |
| XAT 2024 | 7th January 2024 |
| MAT 2023 | MAT PBT: 3 September 2023 MAT CBT: 17 September 2023 |
| TISS | To be declared |
| NET | 6-14 December, 2023 |
The fee structure of the MBA programme in Healthcare Management depends on various factors and hence, varies considering the infrastructure, location, university, mode of study etc. However, the average tuition fee of the programme ranges from Rs. 1,00,000 to 7,00,000.
The second step towards the journey of success is to pick the college that fits your career ambition, financial budget and career choices best. There are multiple colleges in India which provide all the above-mentioned categories, let us take a look at the best colleges in the three categories of mode: Regular, Distance and Online.
Regular MBA healthcare will work best if you like to attend traditional classes, connect with peers, interact with faculty, and indulge in projects. Here is a list of regular colleges and their total fees.
| Name of the College | Fees (INR) |
| Chandigarh University | 6,20,000 |
| LPU- Lovely Professional University | 8,00,000 – 9,06,000 |
| Chitkara Business School, Chitkara University, Chandigarh | 7,00,000 – 10,00,000 |
| DY Patil University School of Management | 10,00,000 |
An online MBA is ideal if you want flexibility, balance, and study in your schedule. Online classes allow you to attend classes according to your schedule and manage your work-life balance. Here is the list of best online MBA healthcare colleges along with their fees:
| Name of the College | Fees (INR) |
| Indian Institute of Management, Kozhikode (IIM-K) | 2,00,000 – 5,00,000 Complete Course |
| Symbiosis Centre for Distance Learning | 50,000 – 1,00,000 Complete Course |
| Amity University | 1,00,000 – 2,00,000 per year |
| ICFAI University | 70,000 – 1,00,000 Complete Course |
Related: Top 10 Online MBA Colleges in India
If you live far from the campus of your MBA dream program, distance colleges are the right choice for you. Distance MBA colleges will provide you with all the facilities including on-campus facilities, faculty guidance, etc., lower fees, and studying at your pace. Here is the list of MBA healthcare distance colleges with their total fees.
| Name of the College | Total Tuition Fees (INR) |
| Institute of Distance Education, University of Madras | 20,000 |
| All India Institute of Management Studies | 9000 |
| IIBMS – Indian Institute of Business Management and Studies | 40,800 – 50,800 |
| Dr. B.R. Ambedkar Open University (BRAOU) | 1,20,000 |
| Directorate of Distance Education, Madurai Kamaraj University | 36,000 |
| IICT Business School Lucknow | 12,960 – 32,080 |
Related: Top 10 Distance MBA Colleges in India
Finding the right college is the key. Consider these factors before finalising a college for an MBA in Healthcare:
Pick a Specialisation: Once you decide to do an MBA, pick a specialisation. If you want to pursue an MBA in IT, here are the next steps.
Budget: Setting a fee limit or a budget that fits your pocket is crucial. You can also go for government or private scholarship programs. There are different fee waivers, and loans to complete your MBA in healthcare without any financial hurdles.
Career Goals: Once you know which college suits your budget, ensure that the college provides the specific specialisation for your goals and fees within your budget. Align your goals. Ensure the programme aligns with your long-term aspirations.
Format: Pick what fits with your work-life balance. If you want a regular course, a distance one, or an online course. If you are a working professional, consider what would provide you the best flexibility. Choose the format that best suits your learning style and lifestyle.
Reputation and Accreditation: Lastly, pick a college with good reviews, reputation, and accreditation. This step includes verifying with good projects, student cell support, expert faculty, and placement cells and will ensure a good future for placement after you complete the course.
According to Economic Times the demand for healthcare profssesionals and healthcare management would be doubled nationally by the year 2030.
“There has been a steady increase in demand for healthcare professionals in India as well as globally since Covid-19 owing to growing population, demographic shifts, and the rise of non-communicable diseases” – Sachin Alug, CEO (NLB Services)
Source: The Economic Times
There is a rising demand of management professionals in healthcare management after COVID-19. This is due to the rise of many healthcare problems that people have started facing after recovering from COIVD-19. There is a high demand for trained professionals currently in the healthcare management sector. Another reason of high scope after MBA in healthcare is the high population. The rapid growth of the population demands more healthcare professionals and management trainees. Rapid urbanisation also has an important role in this. The government and private sectors need skilled professionals when it comes to managing healthcare sector.
An MBA in healthcare management can open doors of scope for you. You can apply for various roles, such as hospital administrator, healthcare manager, pharmaceutical production manager, medical practice manager, health insurance executive, and project manager. You can work in hospitals, clinics, health insurance firms, pharmaceutical companies, and medical research facilities. As the market thrives, an MBA in healthcare management ensures a promising and diverse career path for you.
Recruiters are actively looking for different job roles under MBA healthcare management. Here is a closer look at the job roles with salary.
| Job Role | Salary (INR) |
| Medical Director | 4,20,883 per year |
| Clinical Manager | 4,23,115 per year |
| Research Manager | 7,01,170 per year |
| Hospital Administrator | 4,13,926 per year |
| Health Information Manager | 29,588 per month |
| Hospital Financial Manager | 4,25,070 per year |
| Medical Coding Specialist | 3,23,709 per year |
| Medical College Dean | 6,67,433 per year |
| Public Health Program Manager | 6,79,437 per year |
| Hospital CEO | 7,26,577 per year |
| Health Care HR Manager | 5,02,855 per year |
Here is the shorter version of Regular, Distance and Online MBA in healthcare colleges to pick what works the best for you:
| Factors | Regular MBA | Distance MBA | Online MBA |
| Learning Environment | In-person lectures, discussions, workshops | Pre-recorded lectures, online study materials | Live online interactions, real-time engagement |
| Flexibility | Limited flexibility due to full-time commitment | Flexible scheduling, study at own pace | Flexible scheduling, study at own pace |
| Interaction | Personalised guidance from faculty, peer interactions | Virtual interaction with faculty, classmates | Live online interactions, real-time engagement with peers |
| Campus Resources | Access to libraries, labs, career centres | Reliance on online resources, limited access to campus | Depends on online resources. |
| Affordability | Higher fees due to campus infrastructure | Relatively lower fees compared to regular MBA | Often carries the most affordable price tag |
| Challenges | Potential impact on work/personal life | Requires self-discipline, may miss out on campus community | Technical glitches, potential distractions at home |
Alas! The future of an MBA in healthcare looks limitless, so why put limits on your career? This is your chance to become the next successful leader at one of the top healthcare in India. You have all the options to pick from, regular, distance and online, now it is your time to take a pen of paper and gather what suits your success, budget, career goals and personal lifestyle. The goal is to align your skills with your career. Get set going with the superpower of both worlds.
