MBA Healthcare Administration is a 2-year post-graduate degree program. The basic eligibility for this course is a bachelor’s degree in healthcare administration or any other related domain with a minimum aggregate of 45% marks.
MBA Healthcare Administration course aims at the skillful development of a student’s perspective towards the growing needs in the healthcare industry. This is a management course that focuses on management education and training to students who are aiming to make a career in the healthcare industry.
The field of healthcare is increasing manifolds and is a dynamic industry that constantly demands management and administration of skilled personnel to deliver the best possible services.
Students are hired in positions like Hospital Administrator, Human Resources Coordinator, Operations Manager, Healthcare Consultant, etc. Students completing the MBA Healthcare Administration degree course get jobs in healthcare industries with a handsome average salary package of INR 5.52 Lakhs per annum.
|
Table of Contents |
MBA Healthcare Administration: Course Highlights
| Course Name | MBA Healthcare Administration |
| Course Level | Post-Graduate Course |
| Duration | 2 years (4 or 6 semesters) |
| Eligibility | Minimum aggregate of 45% marks in graduation |
| Admission Process | Merit-Based or Entrance Test + Group Discussion / Personal Interview |
| Top Entrance Exams | CAT, XAT, NMAT, CMAT, SNAP, MAT, etc. |
| Average Course Fee | Varies from INR 4 to 7 Lacs |
| Average Salary | INR 5.52 Lakhs per annum |
| Top Recruiting Organizations | Hospitals, Health Insurance Sector, NGOs, Government healthcare projects, Healthcare marketing industries |
| Job Positions | Hospital Administrator, Human Resources Coordinator, Operations Manager, Healthcare Consultant, etc. |
MBA Healthcare Administration: What is it About?
MBA Healthcare Administration course enables you to get advanced knowledge about the healthcare sector along with managerial skills. Hence, you learn to use concepts of management into the functioning of the healthcare sector. The course is developed keeping in mind the demands of the sector with the help of the industry experts and academic scholars with the research-based curriculum.
You get to learn the core curriculum of business administration along with the fundamentals of healthcare.
MBA Healthcare Administration course deals with advanced knowledge about the following fields:
- Hospital Organization and Control
- Medical Staff Organization
- Hospital Planning
- Health Laws
- Health and Society Ethics
- Health System Research and many more.
Apart from the healthcare studies, students are also given a step-up level knowledge about finance, economics, organizational behavior, IT and other core MBA subjects of study. A student is usually given a span of four years to successfully complete the course. There is a wide range of career choices after the completion of the course which makes this course a very job-oriented or a vocational course.
It not only develops the skills for management and healthcare-related aspects but also brings out a kind of understanding which a community demands and which are helpful for someone who wishes to make a career in NGOs and rehabilitation centers.
The admission to the course is done through the process where a student is evaluated on the basis of a written test, the academic scores and work experience followed by a personal interview. Group discussion can also be a part of the selection process. The admission procedure varies from college to college. Each and every level has its own weightage. The following graphs shows that:
Some of the entrance test conducted for admission to this course are:
- CAT (Common Admission Test): This exam is conducted in November every year.
- XAT (Xavier Aptitude Test): This exam will be conducted on January 1, 2023.
- MAT (Management Aptitude Test): This exam is conducted 4 times in a year in the month of February, May, September, and December in both Online and offline mode.
- CMAT ( Common Management Aptitude Test): This exam will be conducted on April 9, 2022.
MBA Healthcare Administration: Eligibility
- Candidates seeking admission to MBA Healthcare Administration are required to be graduates with a minimum of 45% aggregate marks in their graduation.
- Candidates should have a degree in Medicine (MBBS)/Dentistry (BDS)/ Biotechnology or Nursing or some equivalent course from a recognized university.
- Candidates must have passed the entrance exams like CAT/MAT/XAT etc.
MBA Healthcare Administration eligibility criteria must be satisfied in order to secure admission in this course.
MBA Healthcare Administration: Entrance Exams
Some of the popular Entrance Exams for MBA Healthcare Administration are listed below:
| Exam Name | Exam Details |
|---|---|
| CAT | Check Here |
| MAT | Check Here |
| SNAP | Check Here |
| IIFT | Check Here |
| IBSAT | Check Here |
| CMAT | Check Here |
| MAH CET | Check Here |
| NMAT | Check Here |
| ATMA | Check Here |
| XAT | Check Here |
| TISSNET | Check Here |
| TANCET | Check Here |
MBA Healthcare Administration: Syllabus and Course Description
Some of the important subjects that are taught in the MBA Healthcare Administration programme is tabulated below:
| Organizational Behavior and Managing Transitions | Operations Management for Executives | Marketing Research |
| Quantitative methods for management | Human Resource Management | Strategic Financial Management |
| Managerial Economics | Accounting for Managerial Decisions | Marketing management |
| Information Technology | Economic Environment of Business | Managerial finance |
| Delivering Information Services | Business Communication | - |
Some of the electives in this course are:
- Hospital Organization and Control
- Medical Staff Organization
- Epidemiology and Public Health
- Hospital Planning
- National Health Plan
- Comparative Health Administration
- Health Entrepreneurship
MBA Healthcare Administration: Top Institutes
Some of the top colleges for MBA Healthcare Administration are listed in the table below:
| Name of Institution | Location | Average Annual 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 Administration: Job Profiles and Career Prospects
The major sectors where a person can obtain jobs after pursuing MBA Healthcare Administration are:
- Hospitals
- Health Insurance Sector
- NGOs
- Government healthcare projects
- Healthcare marketing industries
- Healthcare diagnostic chains
Some of the common MBA Healthcare Administration job profiles are listed in the table below:
| Job Profile | Job Description | Average Annual Salary |
|---|---|---|
| Hospital Administrator | Budgeting, Making new policies in compliance with govt. policies, enabling services in an effective manner. | INR 6 Lacs |
| Healthcare Consultant | They are the management analysts employed by the healthcare industry. They basically examine the efficiency, profits and structure of the organization, then offer suggestions on methods of improvement. | INR 9.17 Lacs |
| Pharmacist | They dispense medications, counsel patients on the use of prescription and over-the-counter medications, and advise physicians about medication therapy. | INR 1.69 Lacs |
| Human Resources Coordinator | A professional who completes administrative duties for the human resources department of an organization. | INR 2.36 Lacs |
| Hospital CFO | Work includes planning, managing finances and maintaining records. | INR 8 to 9 Lacs |
| Healthcare Information Manager | Work includes the processing information properly. Ensure the proper working of the computer for data processing. | INR 4 to 5 Lacs |
| Hospital CEO | Maintaining financial records and ensuring the smooth working of the hospital | INR 9 Lacs |
The following graph shows the MBA Healthcare Administration salary trends:
MBA Healthcare Administration: Future Scope
From the past several years, the healthcare sector has shown constant growth of 25% and will continue to do so in the future also. The salary of an administrator working for a medium grade hospital is around Rs.30,000 per month. The annual remuneration of an administrator in a super specialty 1000-bed hospital can easily go into lakhs of rupees. Special Efforts have been made by the government in order to provide healthcare in both rural and urban areas of the country. With more and more private players entering the hospital industry the demand for efficient administrators and managers is bound to go higher and higher. All of this will lead to an increase in the number of job opportunities in this industry.
MBA Healthcare Administration scope is rising day by day. Many factors like growth in health awareness, improvement in health policies, and demand for better health facilities are contributing to this growth. Furthermore, the increase in lifestyle diseases and alarming pollution levels are also causing more people to seek out medical help as well. According to a recent report by Forbes, up to 15% of the global healthcare spending will be tied in some form with value/outcome-based care concepts by the end of the following year.
After pursuing MBA Healthcare Administration you can also go for the following courses:
- Ph.D. in Hospital Administration
- M.Phil in Health Services Management
MBA Healthcare Administration: FAQs
Ques. What is the basic difference between the Healthcare Management and Healthcare Administration?
Ans. The basic difference between the two is that management runs the healthcare organization and administration handles the staffing. Healthcare Management is concerned with disciplines such as policy, accounting and facilities management. Whereas a healthcare administrator becomes familiar with the kind of medical research or treatment that will be offered by the hospital. This will be done in order to understand the staffing demands of the patients as well as the industry.
Ques. What kind of background is suitable for doing an MBA in Healthcare Administration?
Ans. MBA in Healthcare Administration is basically suitable for students with graduation in healthcare background. Healthcare background would include all medical and allied health disciplines. Students from other industries can also pursue this course provided they have valid skills and interests.
Ques. For an MBBS graduate, which field would be more better Healthcare Administration or Healthcare Management?
Ans. Both courses are equally beneficial. It all depends upon your prior skills and experience that which field suits you the most. A Healthcare administrator will focus on managing staff needs, whereas a healthcare manager will focus on the broader business aspects of a medical facility.
Ques. What is the scope of doing an MBA in Healthcare Administration?
Ans. If you already have a background in the field of healthcare then an MBA in this field will probably give a boost to your career. You can even work at international and government organizations like the WHO, UNICEF, UNESCO, etc. The healthcare industry has shown constant growth of 25% in the past several years and will continue to do so.
Ques. What is the kind of entry-level job we can get after an MBA in Healthcare Administration?
Ans. Healthcare Sector can offer a number of different profiles to the management professionals.
Some of the entry-level roles that get offered to MBA Healthcare Administration are:
- Hospital Administrator
- Human Resources Coordinator
- Operations Manager
- Healthcare Consultant, etc.
![Vivekananda Global University - [VGU]](https://images.collegedunia.com/public/college_data/images/appImage/1617775401Screenshot20210407112429.png?tr=h-150,w-320,c-force)
![Vivekananda Global University - [VGU]](https://images.collegedunia.com/public/college_data/images/logos/16177754015427860721946545106024776680565455603630080n.jpg?tr=h-30,w-30,c-force)
![Ponnaiyah Ramajayam Institute of Science and Technology University - [PRIST University]](https://images.collegedunia.com/public/college_data/images/appImage/25893_PRISTUNI.jpg?tr=h-150,w-320,c-force)
![Ponnaiyah Ramajayam Institute of Science and Technology University - [PRIST University]](https://images.collegedunia.com/public/college_data/images/logos/1414992300prist_logo3.jpg?tr=h-30,w-30,c-force){kind=logo}
![Parul Institute of Management - [PIM]](https://images.collegedunia.com/public/college_data/images/appImage/55855_PIM.jpg?tr=h-150,w-320,c-force)
![Parul Institute of Management - [PIM]](https://images.collegedunia.com/public/college_data/images/logos/1498805228Logo.jpg?tr=h-30,w-30,c-force)
![Institute of Management Study - [IMS]](https://images.collegedunia.com/public/college_data/images/appImage/1495102526new.jpg?tr=h-150,w-320,c-force)
![Institute of Management Study - [IMS]](https://images.collegedunia.com/public/college_data/images/logos/16250610041625035541instituteofmanagementstudykolkatalogo.png?tr=h-30,w-30,c-force)
![Vinayaka Missions University - [VMU]](https://images.collegedunia.com/public/college_data/images/appImage/25913_VMU_New.jpg?tr=h-150,w-320,c-force)
![Vinayaka Missions University - [VMU]](https://images.collegedunia.com/public/college_data/images/logos/1394441389Vinayaka Missions University (VMU).png?tr=h-30,w-30,c-force)
![Swami Vivekananda Institute of Management and Computer Science - [SVIMCS]](https://images.collegedunia.com/public/college_data/images/appImage/1597649420unnamed.jpg?tr=h-150,w-320,c-force)
![Swami Vivekananda Institute of Management and Computer Science - [SVIMCS]](https://images.collegedunia.com/public/college_data/images/logos/14889505056.jpg?tr=h-30,w-30,c-force)
Comments