What are the MBA Healthcare Management Jobs in India?
The integration of emerging technology like AI, IoT, and machine learning in the MBA Healthcare Management syllabus has further enhanced the scope of this MBA program for its students. MBA Healthcare Management students have vast career opportunities which includes job roles in sectors like Health Insurance, Healthcare IT, Hospital administration, Consultancy, Data analytics, Pharmaceuticals, Medical Devices, and Diagnostics.
According to ‘The Future of Job Report 2018’, World Economic Forum, there has been a prospective increase in MBA Healthcare Management jobs in the past decade. The healthcare industry is growing at 17% CAGR which is 3 times the current GDP growth rate in India.
MBA Healthcare Management graduates are introduced to the intricacies and diversity of the healthcare industry preparing them to hold higher positions like Hospital Administrator, Healthcare Manager, Medical Practice Manager, etc in the healthcare sectors with an average salary ranging from INR 5 to 12 LPA.
MBA in Healthcare Management graduates need to have several skills to get a proper job role in the healthcare sector. Given below are some of the skills these MBA graduates should possess.
- Industry knowledge
- Leadership
- Critical thinking
- Relationship building
- Ethical judgment
- Adaptability
- Quick thinking
What are the MBA Healthcare Management Job Sectors?
With the rapid growth of the healthcare sector and numerous corporate hospitals mushrooming across the country, the demand for qualified and experienced healthcare managers has increased considerably. Also, health insurance has been emphasized lately which is adding the healthcare industry to thrive at a faster rate.
Given below are some of the sectors where MBA Healthcare Management graduates can find jobs.
| 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 |
Source: Payscale
Why choose MBA Healthcare Management as a career?
The healthcare market in India is estimated to be the largest and rank amongst the top healthcare markets in terms of incremental growth by 2020.
The following as the reasons as to why more students are taking up MBA Healthcare Management as a career
- Merging and acquisitions of domestic and foreign companies with the Indian companies leading to the growth of the sector.
- Encouraging policies for FDI and the private sector in the country and a constant rise in private sector investments.
- The rise of the healthcare sector is aided by a greater tapping of health insurance, this trend is likely to strengthen the sector in the next 10 years.
- Introduction of the National Health Insurance Mission which aims to cover the entire Indian population.
- Medical tourism in India is expected to reach INR 67,000 crores due to the presence of world-class hospitals and skilled medical professionals.
Source: Payscale
MBA Healthcare Management Top Recruiters
Based on the data provided by various survey agencies, the diagnostic centers and hospitals engrossed foreign direct investment (FDI) worth almost $4.34 billion between April 2000 and March 2017.
With the rise in the idea of medical tourism in India, there has been a huge inflow in the number of patients from around the world. This has resulted in an increased demand for medical facilities, which has created a range of opportunities for MBA Healthcare Management graduates.
Given below are the top recruiters of MBA Healthcare Management.
| 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 |
What are the MBA Healthcare Management Job Roles?
MBA in Healthcare Management program helps the students to acquire skills important for handling health care business and associated practices. MBA graduates can get jobs in both government as well as private sectors.
Given below are some of the job positions offered to MBA Healthcare Management graduates.
| Job Position | Average Salary |
|---|---|
| Hospital CEO | INR 12 LPA |
| Hospital CFO | INR 9 LPA |
| Assistant Operation Manager | INR 6 LPA |
| Physician Relations Liaison | INR 4 LPA |
| Healthcare Information Manager | INR 6.5 LPA |
| Oncology Coordinator | INR 6 LPA |
| Medical Practice Manager | INR 7 LPA |
| Hospital Administrator | INR 4.79 LPA |
| Claims Manager | INR 4.5 LPA |
Source: Payscale
What are the placement packages of the top MBA Healthcare Management colleges?
The MBA Healthcare Management colleges like K J Somaiya Mumbai, Amity Global Business School, Universal Business School (UBS) have recorded high salary packages for their healthcare management programs with great placement records.
| College Name | Average Annual Salary |
|---|---|
| KJ Somaiya Institute of Management | INR 10 to 13 LPA |
| Chitkara University | INR 7 to 9 LPA |
| Acharya Bangalore B-School | INR 12 to 18 LPA |
| Lovely Professional University | INR 8 to 20 LPA |
| Manav Rachna International Institute of Research and Studies | INR 7.5 to 14 LPA |
| AIMS Institute | INR 11 to 20 LPA |
| The Prestige Institute of Management and Research | INR 6 to 8 LPA |
| M.P. Birla Institute of Management | INR 6 to 8 LPA |
| Amity Global Business School | INR 10 to 17 LPA |
| Universal Business School (UBS) | INR 10.95 to 20.5 LPA |
MBA Healthcare Management: FAQs
Ques. What are the top MBA Healthcare Management jobs in India?
Ans. Some of the top op MBA Healthcare Management jobs in India are Healthcare Finance Managers, Hospital Administrator, Clinical Operations Manager, Medical Director, etc.
Ques. Which are the industries open for MBA Healthcare Management graduates?
Ans. Some of the top areas of work for these MBA graduates are Hospitals, Nursing Homes, NGOs, Telemedicine, Cliniques, Health Insurance, etc.
Ques. Which are the top recruiters of MBA Healthcare Management in India?
Ans. Apollo, Fortis, Medanta, Cipla, Max Healthcare, etc are some of the top recruiters of MBA Healthcare Management in India.
Ques. What is the average salary offered to the MBA Healthcare Management graduates?
Ans. The average salary offered to the MBA Healthcare Management graduates in India ranges from INR 5 to 15 LPA.
Ques. Can MBA Healthcare Management graduates get jobs through campus placements of top colleges?
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