Masters in Business Administration or MBA is one of the most sought after programs offered by more than 4,000 institutes across India. It was in the year 1991, after the liberalization of the Indian economy that the need for MBA professionals arose, but in 2020, an MBA is still in demand.
According to the data by an online magazine, 76% of male students and 26% of female students pursue an MBA in India after graduation. Management institutes are on the rise with regular, part-time, online, and hybrid MBA options available to students. Some such popular ones include Amity Online MBA, IIM Ahmedabad MBA, XLRI MBA among others.
The popularity of an MBA depends on factors like flexibility, faculty, duration, utilization of resources, cost, professional reach, networking opportunities, career support, etc. Apart from these, the variety in MBA specializations, have also contributed to the speedy flourishing of MBA courses. Students are more inclined towards Business Analytics and Digital Marketing, according to a 2020 report by the news organization India Today. Other major MBA specializations popular with students are Human Resource Management, Finance, Rural Management, and Healthcare Management.
In this article, we shall focus on MBA Healthcare Management- its scope, eligibility, syllabus, fee, and top five universities offering it.
Why an MBA in Healthcare Management?
MBA in Healthcare Management is a lucrative option for students, as the Healthcare Industry of the country is in a state of flux with the onset of medical tourism, new developments, and incorporation of advanced technology. A report by the Business Standard indicates that the Indian Healthcare sector will grow thrice at a rate of 22%, from the year 2016-2022. It is also among India’s large employment and revenue generators.
But healthcare management is also a lucrative option for many other reasons –
- Healthcare is a growing industry with an estimated size of USD 372 Billion by 2022.
- The field is open to students from diverse backgrounds – students with an engineering, science or commerce degree can learn managerial skills and enter the administrative side of the healthcare sector.
- MBA graduates from different specializations generally earn more. According to PayScale, the average income of a student after an MBA in Healthcare is about Rs 4.75-6.7 lakhs per annum.
- Students can get recruited by Cipla, Apollo, Cadila Healthcare, Wipro, etc. as Healthcare Managers, Production Manager, Hospital Administrator, or Hospital CEO.
- An MBA in Healthcare graduates can lead a startup or healthcare business as an entrepreneur or manager as well.
- Despite the recent complaints about the quality, the COVID pandemic has made online and distance programs popular among students. Even IGNOU offers a course in hospital and healthcare management in distance mode.
Who is eligible for MBA in Healthcare?
To become eligible to pursue MBA in Healthcare program through regular or online mode should the student –
- Must have completed his/her graduation degree in BSc / Bpharm / BPT or any other science stream from a recognized university with a minimum of 50%-60% marks.
- Must have cleared any of the MBA entrance exams CAT / CMAT / XAT / MAT / GMAT / SNAP / NMAT
- Should preferably have work experience of one to two years.
There is no upper age limit for pursuing this course. OBC/SC/ST and other reserved categories get a 5% – 10% relaxation.
Top 10 MBA in Healthcare Institutes with Fees
Here is a list top institutes in India offering MBA in Healthcare:
| College name | Course fee | Duration |
| Symbiosis Institute of Health Sciences | Rs 4.70 lakhs per annum | 2 years |
| Amity University | Rs 2.16 lakhs per annum | 2 years |
| Manipal Academy of Higher Education | Rs 3.09 lakhs per annum | 2 years |
| International Institute of Health Management Jaipur | Rs 4.20 lakhs per annum | 2 years |
| Faculty of Management Studies University of Delhi | Rs 50,000 per annum | 2 years |
| Lovely Professional University | Rs 3.04 lakhs per annum | 2 years |
| IES Management College and Research Centre | Rs 4.5 lakhs per annum | 2 years |
| Indian School of Business | Rs 3.46 lakhs per annum | 2 years |
| Tata Institute of Social Sciences | Rs 31,000 per annum | 2 years |
| Asia Pacific Institute of Management | Rs 4.6 lakhs per annum | 2 years |
Syllabus of MBA in Healthcare
Students who choose to study MBA in Healthcare will study some of these topics:
| Semester I | Semester II | Semester III | Semester IV |
| Business Communication | Business Statistics | Summer Internship Program | Corporate Governance and Ethics |
| Entrepreneurship | MIS for Hospitals | Talent Management | Comparative Health Systems |
| Research Methodology | Overview of Health Insurance | Community Health | Emerging Trends in Healthcare Sector |
| Creativity and Innovation | Management Accounting | Pharmaceutical Management | Healthcare IT 2 |
| IT Applications for Healthcare | Non-profit Sector in Healthcare | Information Technology and Intellectual Property | Basic Foreign Language |
Top 5 Institutes Offering MBA in Healthcare
Here’s a little highlight of the top five institutes offering MBA in Healthcare:
Symbiosis Institute of Health Sciences
SIHS is affiliated to Symbiosis International University, which is a deemed university. It was established in the year 2006 and is located in Pune. SIHS has been ranked 4th amongst ‘Top 4 Colleges offering MBA in Healthcare’ by the Economic Times. The institute is also quite famous for its regular full-time MBA programs.
SIHS MBA Hospital and Healthcare Management is a 2-year full-time residential program, for which candidates should have at least 50% marks in their Bachelor’s degree exam. There is a 5% relaxation for SCs and STs. Students will also have to clear the PI-WAT Writing Ability Test, SNAP Test, Group Exercise, and Personal Interaction as parts of the selection process. Candidates with good work experience and extracurricular achievements shall be favored.
A SIHS graduate earns an average of Rs 6.05 lakhs per annum. The recruitment partners of Symbiosis Institute of Health Sciences are Fortis, Apollo Hospitals, Cognizant, Manipal Hospitals, etc.
Amity University Gurgaon
Amity University is one of the most popular private universities in India. It has branches in more than 10 states of India including Ranchi and Gwalior. It was established in the year 2010 in Gurugram through the Haryana Private Universities Act. Amity is India’s only university to be awarded USA’s Leed Platinum Certificate.
Apart from the popular Amity Online MBA, students can pursue an MBA in Hospital and Healthcare Management as well. The two-year program costs about Rs 4.4 lakh. An application can be made online. Students will have to pay Rs 1100 as an application fee through a credit/debit card or a demand draft.
The average salary of an Amity MBA graduate is Rs 4-5 lakh per annum. Top recruiters of MBA in Hospital and Healthcare Management for Amity graduates are Celebal, Cognizant, Dabur, Dr. Lal Pathlabs, GeoChem, HCL Healthcare amongst others.
Faculty of Management Studies University of Delhi
Faculty of Management Studies or FMS DU is one of the oldest B-Schools in India. It was established in the year 1954 under the University of Delhi. The institute began its full-time MBA in 1967. It was ranked in the 35th position by NIRF rankings of 2019.
FMS offers an Executive MBA in Healthcare Administration. These are part-time evening programs, to be completed over a period of two years for which a candidate should have at least a Bachelor degree with a minimum of 45% marks in Medicine (MBBS)/BDS/BAMS/BUMS/BHMS or a Master Degree with at least 55% marks in Biotechnology/Genomics/Genetics/ Nursing/Bioengineering/Alternative Systems of Medicine/Paramedical Discipline/Pharmacology/Anthropology/ Zoology, etc.
The application must be made online on the official website of FMS when forms are available in October. FMS is known to offer 100% placement to its full-time graduates. An average Executive MBA graduate from FMS gets about a 30% rise in his or her salary.
International Institute of Health Management Research
International Institute of Health Management Research (IIHMR) is located in Delhi and offers 12 full-time programs. It was established in 1984 under the Societies Registration Act 1958. It’s been approved by the AICTE and offers NBA approved PGDM programs. It has been awarded the ‘Best Healthcare Management Institute’ accolade by Six Sigma.
IIHMR’s PGDHM in Healthcare Management is a two-year program focused on training students to work in the Public Health sector. Students require at least 45%-50% marks in a Bachelor’s degree exam from a recognized university in addition to qualification in CAT / MAT / XAT / ATMA / GMAT / CMAT Management tests.
IIHMR Graduates get opportunities to work with government agencies, NGOs, and International Healthcare organizations such a WHO, Ministry of Health and Family Welfare, Pathfinder International, National Health Mission, etc.
Indian School of Business
Indian School of Business was established in 2001 with its branches in Hyderabad and Punjab. It is a privately funded not-for-profit institute. ISB’s PG program has been ranked 4th in the Best B-Schools in Asia Pacific Region by the Bloomberg Businessweek ranking 2019-2020. It was ranked 10th in India and 16th in the world on the Best International Business School list by Poets and Quants’ rankings.
ISB launched its Healthcare Management program in 2015 for doctors and professions in the health sector which was renamed Advanced Management Programme for Healthcare in 2017. It was formulated after discussion with members of the healthcare industry like Max Healthcare, Fortis Healthcare among others. It is a one-year residential program with features like Industry Connect, Online Learning, and Blended Learning. The institute does not provide placement facilities.
Students need to apply online. The application fee is included in the non-refundable Admission fee of Rs 9.6 lakhs for the full program.
