Tue. Jul 16th, 2024

The integration of new technologies such as intelligence, IoT, and technology into the MBA healthcare curriculum has broadened the scope of this MBA program for its students. Students in the health management MBA have a variety of careers, including careers in areas such as health insurance, information, and health technology, hospital management, counseling, data analysis, medicine, medical devices, and research.

According to The Future of Job Report 2018, the World Economic Forum, the number of MBA Healthcare Management jobs may increased over the last decade. The healthcare industry is growing at 17% CAGR, which is three times the economic growth in India.

MBA graduates are introduced to complexes in various health departments. They are encouraged to hold senior positions such as hospital director, medical director, medical director, etc., in the health department with an average salary from INR 5 to 12 LPA.

Graduates of an MBA in healthcare management need to possess several skills to find suitable jobs in the healthcare sector. Here are some of the skills that an MBA graduate should have.

  • Industry knowledge
  • Leadership
  • Critical thinking
  • Relationship building
  • Ethical judgment
  • Adaptability
  • Quick thinking

What is the MBA Health Management industry?

With the rapid growth of the healthcare sector and the growing number of company hospitals nationwide, the demand for qualified and experienced healthcare managers is rapidly increasing. Health insurance has also been highlighted recently, contributing to the faster development of the healthcare industry.

Below are some sectors in which MBA Health Management graduates can find employment.

Hospitals                                             Nursing Homes

Telemedicine                                      Cliniques

NGOs                                                   Health Insurance

Medical Equipment and Devices        Medicine Industries

LifeStyle Clinics                                   Outpatient care centers

E-health ventures                                Medical and diagnostic Library

Why Choose MBA in Health Management as a Career?

The Indian healthcare market is considered the largest and is one of the leading healthcare markets in terms of gradual growth in 2020.

Below are the reasons why more and more students are pursuing an MBA in Health Management as a career

  • Mergers and acquisitions of domestic and foreign companies with Indian companies are leading to the growth of this sector.
  • There is a steady increase in private sector investment due to various incentive policies for foreign and domestic private sector investments.
  • The increased use of health insurance supports the growth of the health sector, and this development will strengthen the industry over the next ten years.
  • They are introducing the National Health Insurance Mission, which aims to reach all Indians.
  • Medical tourism in India has been estimated at INR 67,000, thanks to world-class hospitals and qualified doctors.

Top MBA Healthcare Management Recruiters

According to various opinion polls, diagnostic centers and hospitals received nearly $ 4.34 billion in foreign direct investment (FDI) between April 2000 and March 2017.

With the advent of the idea of ​​medical tourism in India, there has been a massive influx of patients worldwide. It has led to an increase in demand for health care institutions, which has created a variety of opportunities for MBA health management graduates.

Below are the critical recruiters for the Healthcare Management MBA.

Star Health      Siemens                       Portea

Fortis               J&J                               Practo

Apollo              Abbott                                     Wipro GE Healthcare

WHO               Cipla                            Cadila Healthcare

UNICEF            Glenmark                    Max Healthcare

Pfizer               Columbia Asia             Advanced Healthcare Resources of India

Conclusion:

In today’s world, many Universities offer you a degree. But you might not get placement after PGDM. That’s why IIHMR, Delhi helps you get placement after pursuing PGDM from IIHMR, Delhi. IIHMR is known for its better placement of students.

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