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Scope of MBA In Hospital Management

Jan 23, 2023 by Admin
Scope of MBA In Hospital Management

MBA in Hospital Management is a postgraduate course of 2-years. This course mainly deals with the techniques and business administration of hospitals. The student can learn the main strategies of hospitals, such as entrepreneurship, healthcare management, planning, and budgeting. Hospital management staff deals with the process that runs in the hospital very effectively and efficiently and administers everything, such as:

  • Patient Registration
  • Appointment schedule
  • Document management
  • Consultation management
  • Lab management
  • Drug safety
  • Report generation
  • Staff management
  • Outpatient management

Why is an MBA in hospital management course recommended mainly to medical graduates?

As a hospital management course develops the student's entrepreneurship skills, they can set up and operate their healthcare facility in the future. MBA in hospital management jobs opportunities are broad and include various duties such as financial management, making of direct care services schedule, hiring and employee management, health information management, and other responsibilities. Therefore, the MBA in hospital management scope is immense in the areas:

  • Hospitals
  • Healthcare clinics
  • Healthcare departments
  • Healthcare firms

Highlights of MBA in Hospital Management

Course

Highlights

Duration

2 years

Eligibility Criteria

Graduation with 50%

Age limit

No age limit

Minimum Percentage

50%

MBA Hospital Management Fees

Rs. 1 LPA to Rs. 1.5 LPA

Job areas

Hospital manager, Medical director, Business analyst, Chief nursing officer, Hospital consultant, etc.

MBA Hospital Management Average Salary

INR 4-5 LPA

Hiring organizations

Fortis, Medanta, Max Healthcare, Moolchand, Deloitte, Apollo, etc.

MBA in Hospital Management  Career Opportunities

Many duties and job opportunities are available for an MBA in hospital management, including various healthcare services, financial management, etc. Several companies hire MBA graduates. Therefore, they can expect a decent salary package. MBA in hospital management jobs for freshers is mentioned below:

  • Junior HR Executive
  • Consultant
  • Quality Executive
  • Teaching Associate

An experienced candidate can apply for various job opportunities, such as:

  • Hospital Manager
  • Association Manager
  • Clinic Director
  • Health Information Professional

MBA in hospital management salary packages

The salary packages for MBA in hospital management candidates depend on their knowledge, skills, and experience. The average pay scale in India is INR 3-4 LPA. The candidate's salary will increase with experience in the hospital management area. The applicants should brush up on their knowledge and skills at the time of the interview.

Job Roles

Average Annual Salary

Hospital manager

INR 4 LPA

Pharmaceutical production manager

INR 2.6 LPA

Chief nursing officer

INR 5 LPA

Medical director

INR 7.5 LPA

Recruitment Areas for MBA in Hospital Management

There are numerous positions for which candidates can apply. In addition, various organizations hire graduates who have completed their master's in hospital management.

  • Nursing homes
  • Clinics
  • Hospitals
  • Public health departments
  • Medical institutes
  • Hospital supply firms
  • Health insurance companies
  • Pharmaceuticals firms

Government jobs after MBA in hospital management

In the government sector, different healthcare departments hire hospital management graduates.

Job Designation

Average Annual Salary

Medical Director

INR 7 LPA

Chief nursing officer

INR 5 LPA

Hospital manager

INR 4.2 LPA

Pharmaceutical production manager

INR 2.5 LPA

What types of private jobs are available for MBA in hospital management graduates?

In India, the job scope in the private sector for MBA in hospital management is high, with great vacancies. The top companies in the private sector that hire graduates are:

  • Fortis
  • Medanta
  • Strategic Alliance Management Services
  • Sevyam Treatment Private Limited
  • Apollo

Job Roles

Average Salary (Annual)

Hospital Network & Quality Assurance - Consultant

INR 5-7 L PA

Marketing Operations Manager

INR 4-5 LPA

Hospital Manager

INR 7-8 LPA

Hospital Administrator

INR 7-9 LPA

Product Manager

INR 10 LPA

Abroad job opportunities for MBA in hospital management

An MBA in hospital management has a great scope abroad. The study pattern abroad is great; it prepares a student properly and develops professional skills in major areas such as economics, decision-making, healthcare values, technical healthcare, and management. The average salary of an MBA in hospital management abroad ranges between USD 60,000 to USD 1,25,000.

  • Sandstone care
  • Appleseeds
  • Athenahealth
  • Auris
  • Apixio
  • Ekso Bionics
  • Allscripts

Courses After MBA in Hospital Management

One of the most advanced areas is MBA in hospital management, where students can upskill their careers by going for higher education. It is a great domain for higher education and perfect jobs. Hospital management is a vast area either to work or to study. The higher education courses options available for an MBA in hospital management graduate are:

  • PhD
  • MHA (Master of Hospital Administration)
  • SPSS
  • NABH certificate

Job Positions With Responsibilities After MBA in Hospital Management

After completing an MBA in hospital management, candidates can apply for numerous job opportunities in different fields and companies. Therefore, this course can be diverse and demanding, with many opportunities. Some of the healthcare departments or companies for an MBA in hospital management graduates with responsibilities are mentioned below:

  1. Hospital Organization - A large healthcare body of various entities and departments is called a hospital organization. It requires various trained and experienced professionals. It is why hospital management candidates mostly apply to hospital organizations, whereas the job opportunities in the hospital area are also great. The MBA in hospital management graduate needs to handle all the services from patient registration and appointment scheduling to patient OPD.
  2. Healthcare Consultancy - A vast and growing field of hospital management is healthcare consultancy. It has great employment opportunities. The candidate needs to make and handle different healthcare strategies to increase the organization's efficiency.

Major job roles with descriptions are mentioned below:

  1. Hospital CFO/CEO - An experienced professional managing all the aspects of a medical facility is a Hospital CFO/CEO. They need to run all the operations in the hospital effectively and efficiently. Hospital management graduates can handle this job, but the candidate should have a strong skill set and knowledge.
  2. Product Manager - It is a position for which an MBA in hospital management needs to learn some knowledge and studies of product management. The applicant should be able to oversee and manage various medical facility services.

Top MBA Hospital Management Colleges in India

In India, various colleges offer MBAs in hospital management courses. The government and private colleges both offer this course. The students can choose to be admitted to any of the colleges, but some colleges conduct entrance exams. Admission in some colleges is based either on the score of entrance exams or merit. Below mentioned is the top MBA in hospital management colleges with average annual fees:

College Name

Average Fees/year (Annually)

Chitkara University

INR 2 LPA

IIHMR University

INR 2 LPA

Goa Institute of Management

INR 1.5 LPA

Hindustan University

INR 2 LPA

Chandigarh University

INR 2 LPA

Amity Global Business School

INR 5 LPA

Birla Institute of Management

INR 1.8 LPA

Lovely Professional University

INR 2 LPA

Top MBA in Hospital Management Bangalore Colleges

Bangalore is a city that offers great opportunities in technical and healthcare areas both. The top colleges in Bangalore for MBA in hospital management courses are:

Distance Education Colleges for MBA in Hospital Management Course

A student can pursue distance education if they cannot attend college regularly. Some of the top distance colleges offering an MBA in Hospital Management are:

MBA in Hospital Management Syllabus

The MBA in hospital management class consists of various subjects of healthcare management and health aspects. The core and elective are the two subject options in the course. The core subjects are mandatory:

  • Human Anatomy and Physiology
  • Medical Terminologies
  • Global Management
  • Financial Accounting
  • HR Management
  • Managerial Economics
  • Industrial Relations
  • Mathematical Models

The elective subjects are the optional ones for MBA in Hospital Management course:

  • Networking
  • Ambulance and Transport Management
  • Medical Tour Operations Management
  • Housekeeping Management
  • Medical Records Management
  • Quality Management
  • Hospital Office Management

Semester I

Semester II

Biological Sciences

Clinical Services

Financial Management

Hospital Services

Human Resource Management

Biostatistics

Purchasing Management

Marketing Management

Organizational Behavior

Strategic Management

Medical Insurance

Epidemiology

Corporate Communications

Research Methods of Management

Semester III

Semester IV

Hospital Information Systems

Research Methodology

Data Processing

Healthcare Planning

Disaster Management

Case Study Analysis

Nutrition and Dietary Services

Seminars

Hospital Laws and Policies

Project Work

Hospital Architecture

Training and Development