MBA Healthcare Management or Master of Business Administration Healthcare Management is a 2-year course that focuses on making professionals for the healthcare industry. The course is split into 4 semesters, spanning over six months each.
Aspirants who have a Bachelor's Degree in any discipline and an accumulated score of 50%, all from a nationally syndicated university, can apply for the course.
Along with various projects and case studies, students willing to pursue this course will also have to study major subjects of the field. Some of those are Essentials of Healthcare Administration, Hospital Operation, Quality Management in Hospitals, etc.
The average cost to study a full-time programme of MBA Healthcare Management India ranges from INR 2 to 10 LPA.
Students can also go for MBA Healthcare Management distance learning offered by universities like Venkateshwara Open University, Anna University, etc. The cost to study this programme from distance ranges from INR 30,000 to 1,00,000.
The table below lists the Best Colleges for MBA Healthcare Management India, as per the Business World Ranking, 2019
|Business World Ranking 2019||College Name||Admission Process||Average Annual Fees (INR)||Average Annual Salary (INR)|
|8||KJ Somaiya Institute of Management, Mumbai||Entrance-based||7,17,050||10 to 13 LPA|
|43||Chitkara University, Patiala||Entrance-based||2,63,000||7 to 9 LPA|
|69||Acharya Bangalore B-School, Bangalore||Entrance-based||8,10,000||12 to 18 LPA|
|71||Lovely Professional University, Jalandhar||Entrance-based||3,04,000||8 to 20 LPA|
|76||Manav Rachna International Institute of Research and Studies, Faridabad||Entrance-based||2,985,00||7.5 to 14 LPA|
Once the course is done, graduates can expect a beginner salary of around INR 5.2 LPA in areas such as Healthcare Management, Hospital Administration, Medical Practice Manager, etc.
After successfully completing this course, one can also consider to study further in the same field. A Ph.D in Hospital Administration is one of the most popular degrees in this field. Studying further will not only bring ample opportunities, but will also offer recognition and better knowledge of the subject.With a highest range of salary for these professionals going upto INR 12 LPA, some of the top recruiters of this field are Cipla, Apollo Life, Wipro GE Healthcare, Cadila Healthcare, etc.
The selection process is different for colleges all across the country. The written exams are followed by rounds of Group Discussion and Personal Interview. Students are filtered out on the basis of their personality and basic technical knowledge.
Following steps are to be followed for MBA Healthcare Management Admission:
Group Discussion- In the group discussion round one needs to present their views on the given topics that are current..
Personal Interview- In this round students are asked about their past education, work experience if any and future goals.
Writing Ability Test (WAT)- In this round aspirants are given a topic to write an essay. This helps in understanding the thought process and writing ability of the students.
|Chitkara University, Patiala Admission, 2020||Lovely Professional University, Jalandhar Admission, 2020|
Students eager to pursue MBA Healthcare Management must fulfill the listed below criteria-
Entrance exams are very important for MBA Healthcare Management admission in India. In the most recent academic cycle, over 2.5 lakhs students applied for the CAT exam, making it one of the most important management entrance exams.
Some of the other MBA Healthcare Management Entrance Exams are:
|Entrance Exams||Application Period||Exam Date||Exam Mode|
|CAT||August 7-September 25, 2020||November 24, 2020||Online|
|MAT||March 6-June 24, 2020||May 25-July 5, 2020||Pen Paper Based/ Computer-Based Mode and Internet Based Tes|
|XAT||3rd Week of August-1st Week of December 2020||1st Week of January 2021||Online|
|CMAT||1st Week of November-2nd Week of December 2020||4th Week of January 2021||Online|
|ATMA||February 13-June 13, 2020||June 20, 2020||Online|
How to prepare for the MBA Healthcare Management Entrance Exams?
Some management exams may also ask questions based on General Awareness.
To prepare for these exams the following points can be helpful-
How to get admission in a top MBA Healthcare Management College?
The following points must be kept in mind in order to get admission in top MBA Healthcare Management colleges like KJ Somaiya Institute of Management, Acharya Bangalore B-School, etc.
Check out the mentioned below points to know more about the course:
Some of the major highlights of the course are as follows.
|Eligibility||Bachelor’s degree in any discipline with 50% aggregate marks|
|Admission process||Entrance exam conducted by colleges, GD & PI|
|Course Fee||INR 2 to 10 LPA|
|Average salary||INR 5-12 LPA|
|Top Recruiting Companies||Cipla, Apollo Life, Wipro GE Healthcare, Cadila Healthcare, etc|
|Job Positions||Hospital Administrator, Healthcare Manager, Hospital CFO & CEO, Pharmaceutical Production Manager, Medical Practice Manager|
Students interested in making a respectable career in health services can achieve significantly by branching their medical knowledge to the management sector.
Here's why they should consider pursuing an MBA Healthcare Management:
The following table shows the comparison made between MBA Healthcare Management vs MHA (Master in Healthcare Management) on major parameters:
|Parameters||MBA Healthcare Management||MHA|
|Qualification||Masters of Business Administration in Healthcare Management||Master in Health Administration|
|Course overview||The main purpose of MBA Healthcare Management is to make students skilled enough to work in the industries like health-consulting businesses and healthcare firms. The curriculum follows a practical approach of study.||The main objective of MHA is to prepare students for higher-level careers in health systems such as hospitals, etc, but following a theoretical approach.|
|Duration||2 years||2 years|
|Examination Type||Semester based||Semester|
|Average annual fees||INR 2 to 10 lakhs||INR 50,000 to 5 lakhs|
|Eligibility||Bachelor’s degree in any discipline with 50% aggregate marks||Candidates should have a Bachelor’s degree in any discipline from any recognized Indian university with a minimum of 50% marks in aggregate.|
|Admission Process||Entrance exam conducted by colleges, GD & PI||Entrance exam and merit.|
|Colleges||Symbiosis Institute of Health Science, Pune Institute of Health Management, Jaipur Manipal School of Management, Manipal, Faculty of Management Studies, Delhi, etc||Eternal University, Sirmaur Parul University, Vadodara, International Management Institute, New Delhi, Rai University, Ahmedabad, etc|
|Average salary offered||INR 5-12 LPA||INR 3-8 LPA|
|Job Roles||Hospital Administrator, Healthcare Manager, Hospital CFO & CEO, Pharmaceutical Production Manager, Medical Practice Manager||Medical Deputy Officer, Assistant Medical Officer, Medical Superintendent, etc|
Source: University Websites and Payscale
Some of the top MBA Healthcare Management Colleges are tabulated below, along with their average fees, salary and location.
|College Name||Location||Average Annual Fees (INR)||Average Annual Salary (INR)|
|KJ Somaiya Institute of Management||Mumbai||7,17,050||10 to 13 LPA|
|Chitkara University||Patiala||2,63,000||7 to 9 LPA|
|Acharya Bangalore B-School||Bangalore||8,10,000||12 to 18 LPA|
|Lovely Professional University||Jalandhar||3,04,000||8 to 20 LPA|
|Manav Rachna International Institute of Research and Studies||Faridabad||2,985,00||7.5 to 14 LPA|
|AIMS Institute||Bangalore||9,00,000||11 to 20 LPA|
|The Prestige Institute of Management and Research||Indore||1,19,000||6 to 8 LPA|
|M.P. Birla Institute of Management||Bangalore||5,30,000||6 to 8LPA|
|Amity Global Business School||Noida||3,90,000||10 to 17 LPA|
|Universal Business School (UBS)||Karjat||15,72,805||10.95 to 20.5 LPA|
MBA Healthcare Management distance learning is available for people who cannot devote two years to campus learning with a high cost of studying. The cost of distance MBA Healthcare Management ranges from INR 30,000 to 1,00,000, which is less in comparison to the traditional route.
Essentials points to keep in mind for MBA Healthcare Management distance learning enrollment:
Some of these colleges offering MBA Healthcare Management distance learning are tabulated below.
|College name||Location||Average Annual Fee (INR)|
|Venkateshwara Open University||Pune||28,500|
|Suresh Gyan Vihar University Distance Education||Gurgaon||42,500|
Source: University Websites
Tabulated below is the comparison made between some of the best MBA Healthcare Management Colleges in India on the basis of a few parameters like The Rankings, Fees, Salary, etc.
|Parameters||The Prestige Institute of Management and Research||Amity Global Business School||Lovely Professional University|
|College overview||The Prestige Institute of Management and Research (PIMR), Indore is a well -established management Institute of Madhya Pradesh. The college is popular for its MBA program (both full-time and part-time) with placements ranging between 3-4 LPA with most of the students recruited in BFSI and FMCG sectors||Amity Global Business School was established in the year 2008 and since then it made an identity in offering a wide range of postgraduate degrees in management and administration.||Located in the outskirts of Punjab, LPU was established in the year 2006. LPU offers more than 200 courses and MBA is one of the popular courses amongst the many.|
|Rankings (Business Today Ranking 2019)||69||45||83|
|Average Annual Fee||1,19,000||3,90,000||3,04,000|
|Average Annual Package||6 to 8 LPA||10 to 17 LPA||8 to 20 LPA|
|Top recruiters||Deutsche Bank, Swiss ReInsurance Group, Pernod-Ricard etc||Accenture, Genpact, American Express, hcl tech, kotak Mahindra bank, etc||Deloitte, MSU, Citi Bank, KPMG, Samsung, PWC, etc|
MBA Healthcare Management Syllabus is covered in 4 semesters. The subject allocation is done as per the course requirement of the respective colleges. The syllabus is divided into Practical, Projects, Theory, Seminars, and Case Studies.
The first year syllabus is common to all the streams, with specializations being formally divided and focused upon in the final year.
Tabulated below is the semester wise MBA Healthcare Management syllabus.
|Semester I||Semester II|
|Principles of Management||Strategic Management|
|Human Resource Management||Innovation Management|
|Managerial Economics||The Integrative Manager|
|Financial Accounting||Cost Accounting|
|Marketing Management||Quantitative Techniques|
|Fundamentals of Communication||Interview Preparation|
|Semester III||Semester IV|
|Essentials of Healthcare Administration||HR in Hospitals|
|Hospital Operation||Legal Aspects of Healthcare|
|Quality Management in Hospitals||Material Management|
|Planning & Designing of Healthcare Facilities||Revenue Cycle Management in Healthcare|
|Customer-Centric Organization (CCO)||Healthcare Equipment Management|
|Projects/Seminars/Case Studies||Projects/Seminars/Case Studies|
MBA Healthcare Management prepares the students to showcase their leadership and innovative skills in the growing sectors of the Health industry. Candidates who have successfully completed their courses with high ranks have wide career prospects to choose from. Some being Hospital CEO, Healthcare Information Manager, Hospital Administrator and more.
With an average MBA Healthcare Management salary ranging from INR 5 to 12 LPA, the top firms recruiting these graduates include:
Here are some of the common MBA Healthcare Management jobs along with the Average Salary Scale:
|Job Position||Job Description||Average Salary (INR)|
|Hospital CEO||Highest-ranking executive of a company, with basic responsibilities of decision making, operation management, communication, along with acting as the key personnel of the hospital.||12 LPA|
|Hospital CFO||The main treasurer of the company, managing company finances, financial risks, financial reporting, and record-keeping, along with making budgets and overseeing the revenue of each section of the hospital.||9 LPA|
|Assistant Operation Manager||Assistant operations managers are in charge of scheduling, staffing, and maintaining customer relations, along with overseeing daily activities and maintaining the budget, income, and costing of the hospital.||6 LPA|
|Physician Relations Liaison||Physician Relations Liaison manages the private practicing doctors and helps them in procuring clients outside of their local network.||4 LPA|
|Healthcare Information Manager||Health information managers ensure the data integrity of the hospital, along with maintaining the privacy and security of the enterprise. They also implement processes and overlook medical record-keeping.||6.5 LPA|
|Oncology Coordinator||Oncology Coordinators effectively manage and deliver care to cancer patients, while maintaining their progress chart and treatment schedules.||6 LPA|
|Medical Practice Manager||Practice managers oversee the commercial side of the medical practice and are responsible for training staff, keeping records, complying with industry relations, and hiring fresh talent.||7 LPA|
|Hospital Administrator||Hospital administrator supervises administrative operations, oversees annual budgets, implementing policies, and preparing work schedules.||10 LPA|
|Claims Manager||Claims managers manage and administer billing services of the medical operations, along with maintaining revenue tabs.||4.5 LPA|
Healthcare managers have been in an ever-evolving demand within the hospitality business, with a 25% spike in their overall desirability and value. The Government is recognizing the value of healthcare managers for the fluid functioning of the hospital, thereby investing in rural and urban training them. A direct influx of private players in the arena are making it important for hospitals to have an efficient managerial layer to their workings.
Some of the factors like growth in health awareness and the demand for better health facilities are contributing to the growth of this industry. As per a report by Forbes, up to 15% of the global healthcare spending was tied in some form with value/outcome-based care concepts by the end of the following year.
Once the students are done with pursuing MBA Healthcare Management, they can go for higher studies by signing up for Ph.D. in Hospital Administration. This higher degree offers students a platform after completing a master degree in the same field to explore their existing knowledge further gaining an advanced perspective of the field.
Ques: Who can become a Healthcare Manager?
Ques: What kind of job can we get after a MBA Healthcare Management Degree?
Ques: What is the difference between MBA Healthcare Management and MBA Healthcare administration?
Ques: What are the benefits of MBA Healthcare Management?
Ques: Is it important to have a Bachelor's in the Healthcare sector?
Ques: What's better, A Diploma or MBA?
Ques: Can healthcare managers become the CEO of a hospital?
Ques: Is an MBA Healthcare Management worth it?
Ques: Can healthcare management be considered a desirable career choice?
Ques: Has there been any announcement regarding COVID-19?