Healthcare professionals and aspirants can now pursue MBA in Healthcare from top MBA Colleges in India. MBA in healthcare management is one of the most preferred courses to study these days. The annual course fees for studying this course is between 2 to 10 Lakhs and offers an annual package between 5 to 15 Lakhs INR.
Candidates having a Bachelor’s Degree in any subject with at least 50 per cent score can apply for this course at top MBA colleges in India. One can take admission to Healthcare Management courses offered by Chitkara University, KJ Lovely Professional University, etc. Here we will talk about some of the top MBA Colleges in India in Healthcare Management that offer excellent career opportunities to Healthcare professionals and aspirants.
Top MBA Colleges in India offering an MBA in Healthcare Management
Let’s find the list of top MBA Colleges in India along with Ranks (as per Business World Ranking 2019), where Healthcare aspirants can pursue the MBA
|Ranks||College Names||Admission Mode||Average Annual |
|Average Annual |
|8||KJ Somaiya Institute of Management, Mumbai||CAT, XAT, CMAT||7,17,050||10 to 13 LPA|
|43||Chitkara University, Patiala||CAT, NMAT, MAT||2,63,000||7 to 9 LPA|
|69||Acharya Bangalore B-School, Bangalore||CAT, MAT, XA||8,10,000||12 to 18 LPA|
|71||Lovely Professional University, Jalandhar||CAT, XAT, MAT, CMAT||3,04,000||8 to 20 LPA|
|76||Manav Rachna Institute of Research and Studies, Faridabad||CAT, XAT, GMAT||2,98,500||7.5 to 14 LPA|
Healthcare Management can also be studied in distance education mode. This will help working professionals to work as well as study simultaneously. Such a method of education is very flexible with its format. The cost of education for distance mode courses in MBA Healthcare Management varies between 30,000 to 1,00,000 INR. This is quite less compared to classroom study. Some top MBA colleges in India offering such courses are mentioned here along with average annual fees:
- Venkateshwara Open University – Course Fees is 84,500 INR for 2 years
- Suresh Gyan Vihar University Distance Education – Fees is 84,500 INR for 2 years
- Anna University – 31,150 INR
What is on offer after graduating from top MBA Colleges in India?
Well, after completing the course aspirants can earn at least 5.2 Lakhs INR per annum, whereas experience can help you draw between 7 – 10 Lakhs INR annually. The job roles after completing the Healthcare Management course form top MBA Colleges in India include
- Hospital Administrator
- Healthcare Manager
- Senior Healthcare Manager
CFO or CEO at any Hospital, Production Manager (Pharmaceutical), Medical Practice Manager, and many more. The average salaries of Healthcare professionals are like something as mentioned below
- Hospital Administrator – 10 Lakhs INR PA
- Oncology Coordinator – 6 Lakhs INR PA
- Hospital CEO – 12 Lakhs INR annually
- Medical Practice Manager – 7 Lakhs INR per annum
- Assistant Operation Manager – 6 Lakhs INR PA
After completing an MBA, one can pursue a PhD in Hospital Administration. This is indeed one of the most popular degrees going around for healthcare aspirants and professionals. Further studies in this field bring an abundance of opportunities on the career front but increase one’s stature academically as well.
Top players in this field who recruit skilled professionals are Cipla, Apollo Life, Wipro GE Healthcare, Cadila Healthcare, etc. In some cases, the salary may even go beyond the 12 Lakhs INR per annum mark if these top companies hire candidates.
Now, the next question is how to bag such lucrative jobs by studying an MBA in Healthcare Management? Well, let’s discuss the admission process below.
Admission Process for Healthcare aspirants at top MBA Colleges in India
Well, to take admission to any top MBA Colleges in India, aspirants must take a few entrance tests and score well in them. The scores obtained in these tests are key to gain entry to top colleges offering Healthcare Management Courses. Besides scoring there are other processes like GD, Personal Interview, and in some cases a short Internal Test, which aspirants have to sit for.
Aspirants willing to study this course need to sit for various management entrance exams like CAT, SNAP, MAT, GMAT, XAT, etc. However, there are various colleges like Lovely Professional University, Chandigarh University and a few more that take admission through their entrance tests like LPUNEST and CUCET.
Scope after studying Healthcare Management from top MBA colleges in India
Healthcare managers have always been in demand in the hospitality sector. There is about a 25% spike in their need and value. The Government is now acknowledging the fact that healthcare managers are important to ensure the smooth functioning of the hospital.
The healthcare professionals play a major role in keeping things at a place in both Urban and Rural areas. Direct involvement of private companies in the healthcare industry has made it imperative for hospitals to incorporate an efficient layer of management.
Certain factors like growth in healthcare awareness and the demand for much better facilities in healthcare has prompted the growth of this industry. As per Forbes, up to 15% of the global healthcare spending is attached to some forms in value/result-based care concepts by the year-end.
India is home to a Healthcare Industry worth 35 billion USD In India; this industry is to reach 75 billion USD in the coming years. So, studying Healthcare Management at top MBA Colleges in India can be a good choice for aspirants. Even freshers can pursue this course to try for lucrative jobs later.