Whatever said and done, a MBA degree will help you make money but not save a life, only clinical knowledge will help you do that. So, it is very essential that you practice as a doctor for not less then 5 years before you pursue a MBA degree.
You can find employment in hospitals and other healthcare organisations. The tasks would typically involve managing the staff, health services and containing the expenditure. While both medical and non-medical graduates can take up the course, medical graduates would be dealing more with the technical aspects of hospital administration.
Tata Institute of Social Sciences, Maharashtra offers Master of Hospital Administration. The eligibility criteria are graduation in any discipline with minimum 50 per cent marks and age not more than 45 years. The admission is based on entrance test, group discussion and personal interview. For details, visit www.tiss.edu
Manipal University, Manipal Institute of Management, Manipal offers MBA in Hospital Administration and Health Care Management. The eligibility criterion is graduation in any discipline with minimum 50 per cent marks. The admission is based on performance at Management Aptitude Test, group discussion and personal interview. For details, visit www.manipal.edu
Doctors doing MBA for better pay
More doctors and healthcare professionals are joining management schools, turned away by the limited number of seats for a post-graduate course in medicine and the prospects of a better pay package after graduating from a B-school.
Doctors who have successfully completed an MBA course get job offers with packages of anywhere between Rs 12 lakh and Rs 18 lakh per annum. While ‘normal’ MBA students get Rs 8-18 lakh per annum. At IMT Ghaziabad, there was one doctor last year. Now, there are two, even as companies like Ranbaxy and Dr Reddy’s come for campus recruitments.
The trend is only increasing due to the boom in the healthcare and pharmaceutical industry. The Indian pharmaceutical market (IPM), which was valued at Rs 55,500 crore last year, grew 8.9 per cent in July and 18.3 per cent in June, according to ORG IMS, which tracks sales of drugs in India.Consider this: In the class of 2010 at the Indian School of Business, Hyderabad, there are 13 students with a background in medical studies — up from 10 in 2008 and substantially up from six in 2007.
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