MBA/MBBS: Generally medical graduates choose MS/MD as their further career scope to make a career in the Medical profession. But, if you are someone who wants to work in the Management line and use your degree of MBBS, then you must choose MBA as a postgraduate degree after completing MBBS.
It is a matter of fact that competition in MS/MD admission after NEET PG is really tough and candidates are often seen trying to get admission for years but they eventually fail. MBA is a well-chosen option as it offers great salary packages with a high growth rate.
In this article, we cover various courses in MBA after MBBS, job profiles, average annual salary, top institutes that offer MBA in India, etc.
MBA Courses after Medicine
Candidates must have passed a Bachelor’s degree with a minimum 50% marks from a recognized university. Admission to MBA is done on the basis of Entrance exams for MBA like CAT/XAT/MAT/CMAT, etc.
1. MBA in Health Administration (MHA) – MHA or MBA in Health Administration is one of the good choices for medical graduates. During this course, students learn about working in the healthcare sector, public health sector or organization as planners. They are generally hired at higher positions.
Doctors who go into management can find great jobs in hospital management and administration. There are big medical electronic companies like Philips or GE which would absorb MBA grads with a background of medicine. These companies develop products and services which can best be done by doctors. Besides, there is tremendous scope for clinical research. Doctors with management background can do a phenomenal job in terms of product development and management.
It is not necessary that you have to move away from your medical profession once you have a management degree. You can very well continue to practice. Infact, a doctor with managerial skills can provide the best treatment, which is cheapest for the patients. A MD/MBA integrated degree is very popular in the west. More and more students are showing interest in health-care management.
Institutes like Tata Institute of Social Sciences, IIHMR and Apollo Institute of Hospital Management & Allied Sciences offer admission to candidates in MHA.
Candidates get an average salary of INR 3 – 4 Lakhs per annum. Course fees vary from INR 2 lakh to 4 lakhs. Candidates can work as Customer Service Manager, Executive Assistance, Business Sales Head, Quality Assurance, etc.
2. MBA in Healthcare Management (MHM) – This course offers Medical graduates to be connected to their medical fields and work in top managerial positions in leading healthcare sectors and hospitals. It needs candidates to have good communication skills.
Considering the amount of money spent on becoming a doctor, it is necessary that you have the skills to earn as much (if not more) in as little time as possible; for which business knowledge is crucial. However good a doctor you may be, or however great your clinic is, you need patients to keep coming in and that requires planning and strategic overview of things.
However, people in the medical community are not simply pursuing MBAs as a sort of one-stop shop for business education. There are also master’s degrees in public health care and executive MBA programs for doctors.
Whatever said and done, a MBA degree will help you make money but not save a life, only clinical knowledge will help you do that. So, it is very essential that you practice as a doctor for not less than 5 years before you pursue a MBA degree.
Candidates get an average salary of INR 4.33 Lakhs per annum. Course fees vary from INR 1 lakh to 15 lakhs. Companies like Cipla, Apollo Life, Cadila Healthcare, etc. hire candidates after this course.
3. MBA in Medical Management (MMM) – It is a two-year postgraduate course that is ideal for Physicians who want to opt for a career in Management. Candidates must have five years of experience in the healthcare system.
Course fees vary from INR 30,000 to 4 lakhs. Candidates get an average salary of INR 5 lakhs to 8 lakhs and can work as Hospital Administrator, Health care manager, Health care Finance Manager, Health Service Manager, etc.
Job Profile and Scope of MBA after MBBS
There are multiple opportunities available for candidates after completing MBA and MBBS. Due to the government’s efforts, there will be multiple job prospects in the healthcare sector for good management of hospitals in urban and rural areas. After completing MBA in the above said courses, the candidate can efficiently work as a manager in top health sector hospitals and offices. There are multiple job profiles available at different pay scales.
You can find employment in hospitals and other healthcare organisations. The tasks would typically involve managing the staff, health services and containing the expenditure. While both medical and non-medical graduates can take up the course, medical graduates would be dealing more with the technical aspects of hospital administration.
After MBA, candidates can also opt to pursue a Ph.D. or M.Phil to opt for a career in research in medicine and management.
Job Prospects and Salary Packages:
There are enormous job opportunities available for students who complete MBA in Health Administration, Healthcare Management and Medical Management,