Leading Education Consultant In India

MBA in Healthcare Management: A Comprehensive Guide 2024

mba in healthcare guide

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.

What is an MBA in Healthcare Management?

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

Why Go for an MBA with a Specialisation in Healthcare Management?

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:

  • Enhanced Career Opportunities: With a specialisation in the field of Healthcare you are gearing up your game with better job opportunities. The skills and knowledge gained through the course helps you attain higher earning potential as compared to other degrees.
  • In-depth Understanding of the Healthcare Industry: The MBA in Healthcare Management helps you understand the healthcare industry including its structure, finance, regulation and delivery system. Such knowledge and understanding helps you make informed decisions and solve complex problems in the healthcare industry.
  • Networking Opportunity: An MBA in Healthcare Management provides you with opportunities to network with Healthcare Professionals, Consultants and Policy Experts. These connections can provide you with valuable insights into the healthcare industry.
  • Relevance in the Rapidly Changing Industry: If you are planning for an MBA in Healthcare Management, it can be beneficial to stay up-to-date with the latest trends in the field. The programme also provides you with an opportunity to adapt to the changes in the industry and lead healthcare organisations.

Who can Go for an MBA in Healthcare Management?

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.

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

Eligibility Criteria for MBA in Healthcare Management

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 CETTISS 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.

Entrance Exams for MBA in Digital Marketing

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

Programme Fee

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.

Modes of Study

The MBA in Healthcare Management is specifically designed to encourage students to opt for the field booming and providing numerous job opportunities in the field as managerial roles are provided by the healthcare sector either in hospitals, pharmaceutical companies and other healthcare organisations. The different types of MBA in Healthcare Management programme are:

If you are opting for the full-time MBA course, then an opportunity of visiting the university for studies, interacting with fellow students and increasing your networking becomes easy and approachable.

The Online MBA course allows you to pursue the course from anywhere in the world. If you are a working professional and are willing to switch or enhance your knowledge then an online MBA offered by some top class universities becomes a viable option.

  • Distance MBA

You can study at your own pace with the distance MBA programme as it allows you to pursue the course alongside other priorities.

How to Choose the Right College for MBA in Healthcare Management?

Choosing the right college can help you pursue your dream course with all the facilities and future placement options. You have the option to choose from the best of locations, curriculum, fee structure, placement services, learning opportunities, etc. After considering everything you can choose the desired college.

Top 5 Colleges for Regular MBA in Healthcare Management

Name of the College  Fees (INR)
NMIMS School of Business Management 6,00,000 – 24,04,000
Chandigarh University 5,82,000
LPU- Lovely Professional University 8,00,000  – 9,06,000
Chitkara Business School, Chitkara University, Chandigarh 6,00,000  – 10,00,000
DY Patil University School of Management 10,00,000

Top 5 Online MBA Colleges for MBA in Healthcare Management

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
NMIMS Global (NGA-SCE) 80,000 – 1,50,000 Complete Course

Job Roles in Healthcare Management

Job Role Average Salary
Hospital CEO INR 12 LPA
Hospital CFO INR 9 LPA
Assistant Operation Manager INR 6 LPA
Physician Relations Liaison INR 4 LPA
Healthcare Information Manager INR 6.5 LPA
Oncology Coordinator INR 6 LPA
Medical Practice Manager INR 7 LPA
Hospital Administrator INR 4.79 LPA
Claims Manager INR 4.5 LPA

 

Leave a Comment

Scroll to Top

Struggling With Career Growth?

Get Free Career Consultation

Your personal information is secure with us