When you decide to pursue an MBA, you have already taken a huge step forward in the business and management world. By completing a postgraduate degree in Management, you will be equipped with leadership and communication skills as well as managerial abilities to tackle the challenges in the business world. If you have a graduate degree in the Science stream but want to pursue Management courses then, pursuing an MBA after BDS can be an ideal career choice! Here is a blog that will give you all the information about MBA after BDS, the career prospects available after the course.
This Blog Includes:
- Importance of Healthcare Management
- What is Hospital Administration/Healthcare Management?
- What is an MBA in Healthcare Management?
- Why Pursue an MBA after BDS?
- Top MBA Courses in Healthcare Management
- Top Colleges Offering MBA after BDS in Hospital/Healthcare Management
- Career Prospects
Importance of Healthcare Management
‘Healing is an art, medicine is a profession and health care is business.’
Before we delve deeper into the prospects of pursuing an MBA after BDS, let us first understand what healthcare management is. Healthcare is an essential sector of every economy and needs professionals possessing knowledge of both the medical fields and business strategies to handle managerial responsibilities. Pursuing a career in Healthcare Management not only provides you with a platform to work for improving the health of people but also gives you a chance to ideate and implement policies that can benefit the masses at large. It also helps in maintaining daily operations, handling medical costs, managing the staff, building a cordial relation amongst doctors and other health care practitioners, performance evaluation, etc.
What is Hospital Administration/Healthcare Management?
In a hospital, there are doctors and health care executives. The administrative staff is involved in scores of activities targeted towards the formulation and implementation of healthcare services. Accounts, Human Resource, Public Relations, Marketing, etc are some of the major departments handled by such professionals. Students often get confused between the terms ‘Hospital Management’ and ‘Hospital Administration. But what is the difference between hospital administration and hospital management? While the former deals with handling the business processes of various organizations, the latter lays emphasis on handling the staff.
What is an MBA in Healthcare Management?
Running for a period of 2 years, MBA Healthcare Management imparts knowledge on various economical, social, legal, and ethical issues pertaining to the hospital administration. Apart from Human Resource Management, students will also study subjects like Operations and Quality Management, Business Ethics, Clinical Pharmacy, Medico-legal system, etc. Going for an MBA after BDS will not only give you the necessary knowledge in the field of Business, Finance, and Management but will also aid in skill development. Exploring an array of career prospects in Hospital and Healthcare Management, you will be handling wide-ranging responsibilities such as:
- Managing human resources
- Identifying, analyzing, and finding solutions for various issues
- Ensuring well being of patients
- Addressing the needs of doctors working and dealing with different external vendors
- Taking care of the medicinal and drug requirements of a hospital
- Overseeing the daily medical and operational activities
- Setting budgets
- Optimizing medical resources, etc.
Why Pursue an MBA after BDS?
Due to the need for better Healthcare Management, more BDS graduates prefer to do an MBA after BDS, in particular, an MBA in Hospital Management/Healthcare. It is considered one of the most searched options by dental graduates as it is easier and cheaper compared to an MDS after graduation. With the health sector booming in terms of profits and development, an MBA after BDS proves to be an excellent opportunity post-graduation.
Top MBA Courses in Healthcare Management
There are an array of MBA courses in Healthcare Management you can explore. From Research-oriented courses to professional degrees, here are the top MBA courses in Healthcare Management after BDS:
- MBA in Health Management
- MBA in CIinical Research Management
- MBA in Healthcare Management
- MBA in Pharmacy
- MBA in Public Health Management
- Executive MBA in Healthcare Management
- MBA in Pharmaceutical Management
- MBA in Pharmacy
- MBA in Pharmaceutical and Healthcare Business
- MBA in Health Care Management Systems
- Masters in Clinical and Pharmaceutical Management
Top Colleges Offering MBA after BDS in Hospital/Healthcare Management
There are numerous colleges that offer MBA after BDS in different streams such as MBA in Hospital Management/ Administration. Some of these colleges include:
|University||Location||QS World University Ranking- 2022|
|Leeds Beckett University||UK||1001-1200|
|University of Gloucestershire||UK||–|
|Auckland University of Technology||New Zealand||=451|
|The University of Sydney||Australia||38|
|University of Glasgow||UK||73|
|The University of Adelaide||Australia||108|
|University of Wollongong||Australia||193|
|University of Sheffield||UK||95|
|University College Dublin||Ireland||=173|
|The University of Texas at Austin||USA||67|
|University of California Berkeley||USA||32|
If you are seeking for MBA in Healthcare Management Colleges in India, the best management colleges offering MBA or PGDM Healthcare Management Courses are listed below.
|IIM Calcutta||Kolkata||Post Graduate Certificate in Healthcare Management|
|Indian School of Business||Hyderabad||Advanced Management Programme for Healthcare|
|BITS Pilani||Rajasthan||MBA in Hospital & Health Systems Management|
|Symbiosis Institute of Health Sciences||Pune||MBA in Hospital and Healthcare Management|
|Faculty of Management Studies||Delhi||MBA Executive (Health Care Administration)|
|Tata Institute of Social Sciences||Mumbai||Post Graduate Diploma in Healthcare Quality Management|
|IIHMR University||Jaipur||MBA Hospital and Health Management|
|Dy. Patil University||Navi Mumbai||MBA in Health & Hospital Management|
|Sri Ramachandra Institute of Higher Education and Research||Chennai||MBA (Hospital & Health Systems Management)|
|K J Somaiya Institute of Management Studies & Research||Mumbai||MBA Healthcare Management|
There are immense career opportunities for those pursuing an MBA after BDS. There are numerous prospects in the healthcare sector constituting of local companies to international organizations that require professionals with both Medical and Management backgrounds. Enlisted are some of the areas and job profiles that you can consider working in:
- Physician Group Practices
- Home Health Agencies
- Integrated Health Systems
- Corporate Health Systems
- Public Health Agencies, etc.
For students with a considerable amount of experience, they can apply for higher administrative responsibilities and managerial roles in the health sector. They can also take up leadership positions such as hospital CEOs, partners in different consulting firms, higher officials in major healthcare companies, and health care executives in established healthcare companies or hospitals. so, if you are wondering that what is the scope of an MBA in Healthcare Management then glance through the following list:
- Hospital Administrator
- Healthcare Information Manager
- Physician Relations Liaison
- Claims Manager
- Purchasing Manager
Because of the need for improved healthcare management, many BDS graduates opt to pursue an MBA after completing their BDS, specifically an MBA in Hospital Management/Healthcare. It is one of the most sought-after alternatives among dental graduates since it is less difficult and less expensive than an MDS following graduation.
An MBA may be sought for senior management jobs in dental chains, but I doubt there are many of such, and for those, a DDS would be useless. Currently, MBA programmes are designed for those who wish to work in businesses, change jobs, or advance up the corporate ladder.
UAE (United Arab Emirates). Starting a practise in the UAE is most likely the simplest and quickest option for Indians. After passing the relevant licence tests, one can begin practising as soon as two months afterwards.
BDS because it has a broader scope than BAMS. After graduating from dental school, you may expect to earn between INR 40,000 and INR 75,000 per month with the possibility of earning between 4 and 10 lakhs after gaining experience. In comparison to BAMS, it boasts a 100% job placement rate.
Thus, if you have got the qualities of a leader as well as the skill set of a healthcare professional, MBA after BDS can assist you in exploring your interests in the integrated fields of Medical Science and Management through this course. If you are searching for the right university for pursuing an MBA, Leverage Edu mentors can guide you throughout the process of finding an ideal university, filling out applications, and getting shortlisted.