MBA in Healthcare Management is a 2-year full-time post-graduate course, the eligibility of which is a Bachelor’s Degree in any discipline with an aggregate score of 50% marks from a recognized university. The course is divided into 4 semesters which is conducted in a span of 6 months each.
Some of the top colleges which offer the course of MBA in Health Care Management are as follows:
- Rai University, Ahmedabad
- Symbiosis Institute of Health Science-Pune
- Institute of Health Management-Jaipur
- Manipal School of Management-Manipal
- T.A. Pai management Institute-Manipal
- Faculty of Management Studies-Faridabad, Delhi
The average course fee ranges between 1 to 14 Lacs based on the norms of college one is admitted to.
Candidates need to pass an entrance exam as prescribed by the college, which holds the grounds for admission followed by Group discussion (GD) and Personal Interview (PI) which also differs according to the college norms..
MBA in Health Care Management is an apt career choice for candidates possessing in-depth knowledge about the health care sector and good communication skills. It is a good field for individuals having a background and holding a bachelor’s degree in the relevant streams of health sectors like Health science, biotechnology, physiotherapy, microbiology, medicine, etc. making them eligible for the course.
Candidates passed MBA in Health Care Management are hired as Hospital CEO and CFOs, Administrators, Talent Acquisition Consultants, Source Executives, Healthcare Planner, Medical Interpreter, Health director and other such. The average salary offered to candidates after the completion of the course ranges between INR 50 lakhs to 1 crore annually increasing with the experience and expertise of the candidates.
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MBA Health Care Management: Course Highlights
|Duration||2 years (fulltime)|
|Eligibility||Bachelor’s degree in any discipline with 50% aggregate marks|
|Admission process||Entrance exam conducted by colleges, GD & PI|
|Course Fee||INR 1 to 15 lakhs|
|Average salary||Approx. INR 50 lakhs–1 crore p.a.|
|Top Recruiting Companies||Cipla, Apollo Life, Wipro GE Healthcare, Cadilla Healthcare|
|Job Positions||Hospital Administrator, Healthcare Manager, Hospital CFO & CEO, Pharmaceutical Production Manager, Medical Practice Manager|
MBA Healthcare Management: What is it About?
Candidates of MBA in Health Care Management course are qualified to manage diverse roles of leadership and administration in the Healthcare sector. They are offered a wide area of opportunity to explore their skills through the growth and opportunities in the Healthcare Sector.
The course is a mix of theories, assignments and case studies which differs according to college norms. Candidates are taught diverse subjects like Quantitative Techniques, Financial Accounting, and Human Resource Management to give an insight into the workings of the system. The subjects in the first-year study of MBA are common to other streams in order to lay a strong foundation in fields of finance, marketing, Operations and Human resource as useful to Healthcare sector.
The course prepares the students to play principal roles in different organization and to imbibe to the norms of this constantly changing industry. Candidates are introduced to the intricacies and diversity of the industry preparing them to hold higher positions in the healthcare sectors. MBA Healthcare Management syllabus involves working on case studies as applied in the Health Care system, enabling students to gain enriching knowledge regarding the actual workings of the industry.
After the completion of the course, candidates hold opportunities to work in diverse industries of Healthcare and hospitals, holding senior positions. The Objective of the course is to prepare students in various aspects of the industry and harness these skills in the organization they join in future.
MBA Healthcare Management: Top Colleges & Institutes
|Name of Institution||Location||Average Course Fee (in INR)|
|Institute of Health Management||Jaipur||1.2 lakh|
|Faculty of Management Studies||Faridabad, Delhi||1 lakh|
|T.A. Pai Management Institute||Manipal||14 lakhs|
|I.E.S Management College & Research Centre||Mumbai||3 lakhs|
|Bharati Vidyapeeth||Pune||1.2 lakhs|
|Symbiosis Institute of Health Sciences||Pune||2.3 lakhs|
|Clinical Research Education & Management Academy (CREMA)||Bangalore||4 lakhs|
|Sumandeep University||Vadodara||1.2 lakh|
|School of Management||Manipal||4.94 lakhs|
|Chitkara University||Chandigarh||7 lakhs|
|Asian Institute of Health Science||Faridabad||2 lakhs|
|Tata Institute of Social Sciences||Mumbai||2 Lakhs|
|Apollo Institute of Hospital Administration (AIMC)||Hyderabad||1.3 lakhs|
MBA Healthcare Management: Eligibility
Candidates who seek admission to the MBA course of Health Care Management are supposed to fulfil the following eligibility criteria:
- Candidates holding a Bachelor’s degree in any relevant stream from a recognized university with a 50% of aggregate marks and above deem eligible for the course
- Candidates should pass the entrance examination prescribed by the college
- Candidates who have passed CAT, CMAT, XAT entrance examination can also avail for the course
MBA Healthcare Management: Admission Process
Candidates seeking admission for MBA in Healthcare Management need to hold a Bachelor’s degree in any relevant stream from a recognized university listed under UGC/AIU with an aggregate of 50% marks.
Candidates would be admitted to this course on the basis of merit list. The applications would be processed and those shortlisted need to go through an entrance test which would comprise of Group Discussion (GD) and PI (Personal Interview). Candidates would be judged on their performance in GD, knowledge of the subject and credibility in PI.
The entrance examination for the course differs according to the colleges. Some colleges conduct their own entrance examination followed by GD and PI. Few of the entrance examinations which are accepted by colleges are:
- CAT (Common Aptitude Test)
- XAT (Xaviers Aptitude Test)
- SNAP (Symbiosis National Aptitude)
- NMAT (NMIMS)
Candidates can collect the application form from the college or download online from the respective sites. The photostat of the documents mentioned by the college needs to be attached to the application form at the time of admission.
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MBA Healthcare Management: Syllabus and Course Description
The Syllabus for the course is divided into Theory and Practical/Projects/Seminars/Case studies covered in 4 semesters. The weightage of the Projects and topics of the same will be decided by the respective colleges. The syllabus for First year will be general to all streams, with the specialization subjects being covered in detail in the Second-year.
The syllabus for the course is as follows:
|Semester I||Semester III|
|Principals of Management||Essentials of Healthcare Administration|
|Human Resource Management||Hospital Operation|
|Managerial Economics||Quality Management in Hospitals & Healthcare|
|Financial Accounting||Planning & Designing of Healthcare Facilities|
|Marketing Management||Customer Centric Organization (CCO)|
|Fundamentals of Communication & Interview Preparation||**Projects/Seminars/Case Studies|
|Semester II||Semester IV|
|Strategic Management||HR in Hospitals|
|Innovation Management||Legal Aspects of Healthcare|
|The Integrative Manager||Material Management & Equipment Management|
|Cost Accounting||Revenue Cycle Management in Healthcare|
|Quantitative Techniques||**Projects/Seminars/Case Studies|
|**Projects/Seminars/Case Studies|| -|
MBA Healthcare Management: Career Prospects
MBA in Healthcare Management prepares the students to showcase their leadership and innovative skills in the growing sectors of Health industry. Candidates who have successfully completed their course with high ranking have wide career prospects to choose from. Among the top firms recruiting MBA graduates in Healthcare Management include
- Apollo Life
- Cadilla Healthcare
- Advanced Healthcare Resources of India
- Wipro GE Health Care
Individuals have opportunities to work in Public Health system, Hospitals, Clinical Research Laboratories, Healthcare Consultancy firms. They can become Hospital CEO, CFO, Hospital Administrators, Pharmaceutical Production Manager and much more.
Below is a list of job options that can be chosen after the course:
|Job Profile||Job Description||Average Salary (in INR)|
|Hospital Administrator||Budgeting, Making new policies in compliance with govt. policies, enabling services in an effective manner.||INR 6 Lacs|
|Hospital CFO||Work includes planning, managing finances and maintaining records.||INR 8 to 9 Lacs|
|Oncology Coordinator||Ensuring patient care, working in liason with other disciplines of the hospital for enabling proper service to cancer patients||INR 1 to 2 Lacs|
|Physician Relations Liaison||Work in coordination with marketing, sales, and business development team|| INR 3 Lacs|
|Pharmaceutical Production Manager||Analyse and reviewing investments, creating promotional campaigns for new medical drugs and devices||INR 5 Lacs|
|Healthcare Information Manager||Work includes processing of information properly. Ensure proper working of the computer for data processing.||INR 4 to 5 Lacs|
|Medical Practice Manager||Budgeting, Handling schedules, Recruitment, and management of staff.||INR 4 Lacs|
|Hospital CEO||Maintaining financial records and ensuring smooth working of the hospital||INR 9 Lacs|