The Healthcare Industry is one of the largest service sectors in most of the prosperous and fast progressing countries of the world, at present. Moreover, this healthcare industry has been growing and progressing rapidly with a high growth rate in these countries. This scenario in turn, requires an ever-increasing number of management professionals in this sector. Hence, the importance and productivity of doing an MBA in the healthcare management are truly enhanced, in the majority of countries of the world, inevitably including India. The profitability of an MBA in healthcare management, is certainly maximal if the mba aspirant is related with any of the fields/subjects of life science, medicine, nursing, microbiology, physiotherapy, veterinary science and paramedics, pharmacy, biotechnology, dentistry, ayurveda, and so on.
A rich and prolific mba health care, qualifies the holder for a variety of jobs and positions in different areas or fields of the healthcare industry in any country. He/she then can work at any of the following most common posts - Healthcare Manager; Hospital Administrator; CEO; Healthcare Planner; Nursing Director; Health Information Manager; Medical Record Officer or Administrator; Health Insurance Manager; Coding Specialist; Medical Transcriptionist or Editor; Quality Analyst in Research Centers; Educator; and as a Healthcare Freelancer. And, the fields or employing entities wherein such management professionals can work, are - Government and Private Hospitals; Medical Research Centers; Community Health Services; Health Insurance Firms; Medical Transcription Firms; Diagnostic Centers; Healthcare Accreditation Agencies; Educational Institutes; Business Process Outsourcing (BPO); and other organizations or entities related with healthcare services.
As far as the salaries drawn by management professionals in the healthcare management are concerned, these largely depend on the range of work-experience in years, and the type of employing fields of the healthcare industry, according to industry experts and PayScale.com/-. Today, with a work-experience of 1-4 year, and 5-10 years, the average annual salary obtainable by a MBA graduate in healthcare management, is about US $50,000 and US $60,000, respectively. And, the average annual income of such management professionals who have work-experience of 10 and more years, is over US $80,000, in most of the affluent and fast progressing countries of the world. Again, those who work as hospital administrators and as nursing directors, earn an average annual salary of US $95,000 and about US $85,000, respectively, in the majority of countries of the world.
Top MBA Health Care Colleges in India
The management programs in healthcare are also immensely popular in India, especially by those students and professionals who are associated with the above-noted educational or professional fields/disciplines. The healthcare industry of India is worth US $35 billion at present, and is amazingly fast-paced to reach the level of US $75 billion in next five years. The bulk of this future estimates, will be covered by hospital and healthcare centers in the private sector. Hence, diverse programs related with health care mba in india, are gaining tremendous popularity in cities all across the whole country. Among all varieties of programs for heath care mba in entire India, the most popular and highly preferred are two-year full-time mba programs, one-year full-time mba programs, and executive mba programs in healthcare management. Almost all these programs related with 'india health care management' are highly appreciated by Indian and foreign professionals and employers. As the number of business schools and management institutes which offer programs in healthcare management, is rather large, the following select list of health care mba colleges of India covers only the most popular and internationally reputed ones:
- Narsee Monjee Institute of Management Studies (NMIMS), Mumbai
- T. A Pai Management Institute (TAPMI), Manipal
- Clinical Research Education and Management Academy (CREMA), Delhi
- Faculty of Management Studies (FMS), University of Delhi
- Institute of Health Management Research (IHMR), Jaipur
- IES Management College and Research Centre, Mumbai
- Asian Institute of Health Sciences (AIOHS), Mumbai (affiliated to SMU)
- Institute of Public Enterprise (Osmania University), Hyderabad
- All India Institute of Medical Research AIIMS, New Delhi
- Prin. L.N. Welingkar Institute of Management, Mumbai
- Jamia Hamdard University, Delhi
- MGM University of Health Sciences, Navi Mumbai
- Indian Institute of Social Welfare And Business Management (IISWBM), Kolkata
- TATA Institute of Social Sciences (TISS) – Mumbai
- IFIM Business School – Bangalore