Rohit Dubey

What are the chances of getting a job after doing MBA in Healthcare Management?

by Rohit Dubey
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RE: What are the chances of getting a job after doing MBA in Healthcare Management?

Avadhut Desai
Avadhut Desai
Verified Career Expert
Career Counselor / President at Foresight Foundation
  • Kolhapur

To enroll in an MBA in Healthcare management program is like having a bonus point to get rewarded. The rise in demand for MBA professionals in the medical sector brings bright career scope in this field. Healthcare professionals are required in every field such as labs, clinics, hospitals, nursing homes, insurance sectors, outpatient clinics, group medical offices, rehabilitation centers and more. One can find lucrative jobs after pursuing MBA as an additional qualification along with any degree. After completing MBA, one becomes capable of dealing with finance, marketing, and legal issues related to a healthcare industry. Apart from government sectors, there is a dire need of MBA professionals in private sectors too. The facts related to Healthcare Industry are-

Healthcare Industry

  • Healthcare industry is growing at a tremendous pace owing to its strengthening coverage, services and
  • Increasing expenditure by the public as well private players.
  • During 2008-20, the market is expected to record a CAGR of 16.5 percent.
  • The total industry size is expected to touch US$ 160 billion in 2017 & US$ 280 bi lion by 2020 generating over 10 lac job in India which makes a doctoral degree in Healthcare Management a lucrative opportunity.
  • As per the Ministry of Health, development of 50 technologies has been targeted in the FY16, for the treatment of disease like Cancer and TB.
  • The scope in this field lies in the fact that India is said to require close to a million healthcare management professionals by 2018. Like all industries, it aims to explore and find effective Health professionals are needed in all branches of Healthcare including medicine, surgery, dentistry, pharmacy, community health, operations & marketing.

Career Avenues in Healthcare Management-

  • Healthcare Finance Managers:

A role of a financial manager is to oversee all the financial activities of healthcare institution on a daily basis. One has to maintain budgets, make reports and analyze financial activities. One should know all the latest update regarding finance and insurance matters. It depends upon one that how effectively he can manage all of the financial payments.

  • Hospital administrator:

A Hospital Administrator is required in all medical sectors to ensure that all the services provided by the institution are running smoothly and effectively. He is responsible for the patient's timely treatment. He has to recruit staff including doctors, nurses, and interns. In large medical institutes or research centers, multiple hospital administrators are required, each for a specific department. He should be aware of latest policies and have the capability to promote and implement them for the benefits of healthcare institutions.

  • Medical Director:

A role of medical director is to take charge to ensure timely and effective administration at healthcare institutes. He is also responsible for issues related to each and every patient. He has to assign staff to the patients or departments. They have the responsibility to keep transparency in the healthcare institute they work in.

  • Hospital CEO:

For every healthcare institute, it's important to run an institute in a highly cost effective way. Being a CEO, one has the key responsibility to manage all the finances of a medical organization. One is highly responsible for making financial plans, keeping records, budgeting and negotiating with the vendors. One has to figure out the payments and managing them for the benefits of an organization. One can choose top executives for the healthcare institutes as well.

  • Pharmaceutical product manager:

One can also have the option to work in a pharmaceutical industry as a manager. One had to analyze all the investments, review market data, and the requirements of upcoming drugs or devices. One can start as a consultant in this field and after gaining experience one can get higher levels of managerial posts.

  • Medical Practice manager:

A role of a medical practice manager is almost same as a hospital administrator. His key responsibilities are to manage budgets, hiring staff, deal with legal issues and managing schedules, but on a smaller level as compared to an administrator.

  • Health Informatics Manager:

Every healthcare institutes require managers to deal with software and hardware related issues to keep their data securely and in a well-organized manner. The role of a health informatics manager is to manage all the computer resources efficiently. He is responsible for all the processing and working of data saved on computers.

  • Blood bank Administrator:

One has the responsibility to evaluate and coordinate all the operations of a blood bank in a systematic manner. One has to provide a receipt, storage and delivery functions of a blood bank in an effective manner to cure the needy.

  • Healthcare Recruiters:

All medical institutes require efficient and trained staff for their organization. Healthcare recruiter has the responsibility to recruit new staff at hospitals, nursing homes, clinics, and all other medical institutes. The key role of a recruiter is to set rules and regulations for maintaining a healthy environment at the workplace. Many recruiters have a wide network of hospitals and clinics and they take initiatives to provide job opportunities to healthcare management students. Some international recruiters such as WHO (World Health Organization) also choose MBA professionals to work for nonprofit organizations to help the underprivileged.

Achieve above all with better opportunities available with the ICRI - Indian Institute of Clinical Research India

For getting better opportunities in healthcare management one can get admission to ICRI (Indian Institute of Clinical Research). It's one of the leading institutes that offer unique experiences to their students for bright career options.  ICRI’s unique curriculum combines academic and practical learning with its internship schemes with global companies like Ranbaxy, DR Reddy’s labs, Glaxo SmithKline & Novartis to name a few.

ICRI campuses are student's best choice for accommodation in Delhi, Mumbai, and Bangalore. Hostels are genuinely a home away from home, providing a comfortable and safe environment to its students is the University’s top most priority.

90% of ICRI’s trainees are absorbed by these companies for a permanent position as ICRI’s programs ensure that its graduates are equipped academically and are professionally trained for the global job market. As a result of the courses covering a wide variety of subjects, ICRI graduates are also hired by IT companies like HCS, TCS & WIPRO. ICRI offer higher salary packages to their students from 4 to 7 lacs in starting & within 5 years, its 10 to 12 lacs pa.

Obtain additional certificates from leading hospitals like Medanta. Also, there are opportunities available with ICRI that help students obtaining working experience with world class hospitals.

ICRI has associated its name with over 2500+ different industry partners in various hospital and research related fields all over the world

RE: What are the chances of getting a job after doing MBA in Healthcare Management?

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