Leading Healthcare: An MBA in Hospital and Healthcare Management

10 December 2024, 3:26 pm IST

The healthcare industry is growing at an exponential rate in India. It is only expected to rise in the coming years as well. As more hospitals, healthcare units, and services get added on year after year, there is a dire need to manage these units and services effectively. This is where an MBA in Hospital and Healthcare Management can help. 

The course prepares students to compete for top management positions in the healthcare sector. Students learn all the required knowledge and skills to efficiently operate a healthcare facility. This blog discusses the importance of an MBA in Hospital and Healthcare Management in enabling students to lead the healthcare sector in India.

What Is An MBA In Hospital And Healthcare Management?

MBA is the popular acronym for Master in Business Administration. This postgraduate degree is offered for 2 years in various specializations. Hospital and Healthcare Management is one of them. The program is designed to offer detailed knowledge and skills in healthcare planning, policies, information management, regulations, operations, and administration. Some of the key highlights of the program are listed below:

 

Degree Level

Postgraduate 

Type of Examination 

Semester Exams

Admission Process

Merit-Based, March-July 

Average Annual Salary (Approx)

Rs 0.4 lakh - Rs 9.9 lakh per annum

Course Duration 

2 Years

Eligibility Criteria

At least 50% aggregate in Bachelor’s (45% for Sc/ST candidates)

Entrance Exams

CAT, XAT, ATMA, MAT, CMAT

Top Recruiters

Novartis, Pfizer, Apollo, Bajaj Allianz, Cipla, Fortis, ICICI Lombard, Glenmark

Why Choose An MBA In Hospital And Healthcare Management?

Some of the top reasons why students opt for an MBA in Hospital and Healthcare Management are listed below:

  1. The course helps equip students with desirable and industry-relevant skills such as problem-solving, computation, management, data analysis and interpretation, logical business decision-making, communication, and leadership.
     
  2. Students gain expertise in various duties performed in primary care trusts, health authority organizations, and hospital administrations.
     
  3. The course offers practical exposure to research-based innovations, cutting-edge technologies in medical science, and the like.
     

MBA in hopital and healthcare management

Top Skills For MBA In Hospital And Healthcare Management

Some of the top skills that students learn in the MBA in Hospital and Healthcare Management course are:
 

  • Empathy
  • Effective written and verbal communication
  • Teamwork and coordination
  • Self-confidence 
  • Time management

MBA In Hospital And Healthcare Management Course Curriculum

To better understand the course, let us take a look at its syllabus. The course lasts 2 years and is divided into 4 semesters. It covers the following subjects in each semester as mentioned below:

 

Semesters 

Subjects

1

Marketing Management

Managerial Economics

Principle of Management

Financial Accounting

2

Strategic Management

Healthcare Policies & Regulations

Cost Accounting

Quantitative Techniques

3

Essentials of Healthcare Administration

Healthcare Planning

Healthcare Economics

Hospital Enterprises Management

4

Medico-legal Issues

Anatomy, Physiology, and Medical Terminology

Concepts of Epidemiology 

Information Management in Healthcare

Career Prospects After MBA In Hospital And Healthcare Management

Students completing an MBA in Hospital and Healthcare Management are eligible to apply for some of the following top job roles. These are just a few of the many career opportunities that graduates can apply for after course completion. The job roles and their average corresponding annual salary packages are listed herewith:

 

Expected Job Role

Average Annual Salary (Approx)

Healthcare Consultant

Rs 3.5 lakh - Rs 13.7 lakh per annum

Clinical Research Manager

Rs 2.3 lakh - Rs 10.9 lakh per annum

Hospital Marketer

Rs 0.4 lakh - Rs 9.9 lakh per annum

Pharmaceutical Scientist

Rs 10 lakh - Rs 19 lakh per annum

Health and Safety Officer

Rs 5 lakh - Rs 6.8 lakh per annum

Pursue Online MBA In Hospital And Healthcare Management

We discussed what an MBA in Hospital and Healthcare Management entails. If you seem interested in pursuing the program, you may consider doing it online from the comfort of your home. Amity University Online offers online MBA courses in Hospital and Healthcare Management to aspiring students. The program is designed to help students gain a comprehensive understanding of the domain and prepare them to assume top management and leadership positions in the healthcare industry. The two-year program has the same recognition and validation as its traditional campus counterpart and allows graduates to work anywhere in the world. 

Final Word

An MBA in Hospital and Healthcare Management is the first step to a rewarding career in the healthcare industry. It helps prepare students and working professionals to gain the desired leadership skills to manage the administrative operations of a healthcare setting more effectively. If you feel that pursuing a full-time degree alongside work can be quite challenging, Amity University Online allows you the opportunity to take the course from the comfort of your home. Study online and gain a degree that enjoys relevance and validation equivalent to a traditional on-campus program.

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Frequently Asked Questions

What is an MBA in Hospital and Healthcare Management?

It is a specialized postgraduate degree that equips students with the required management and business skills for leading healthcare.

What career opportunities are available after completing an MBA in Hospital and Healthcare Management?

Some of the top career prospects after graduation include Healthcare Consultant, Medical Practice Manager, Pharmaceutical Project Manager, and Hospital Administrator.

How does this MBA program differ from a general MBA?

This specialized degree only emphasizes the business aspect of the healthcare industry, while a general MBA program offers a much broader overview of general business concepts.

How long does it take to complete this MBA program?

Many universities offer the program over a two-year duration.

What are the admission requirements for this MBA program?

Students must have a Bachelor’s degree in any discipline from a recognized university with at least 50% aggregate.

Why is an MBA in Hospital and Healthcare Management important in today’s world?

The programs enable students to develop specialized skills that help them improve patient care and operations within the healthcare industry.

How does an MBA in Hospital and Healthcare Management improve patient care?

Professionals in the healthcare sector learn the business acumen and skills required to offer the optimum healthcare services to patients.