Is MBA after MBBS a good option? Well, MBA after MBBS is emerging as a popular combination for medical students who want to study new-age specialisations like hospital management, medico-management, medical administration, pharmaceutical management, etc. Doctors are also attracted to MBA programs nowadays because they aspire to learn managerial skills and competencies which can help them in their own practice or pursuing interdisciplinary careers like hospital management. Scroll through this blog to know all about MBA after MBBS, its salary, eligibility, scope, specialisations, colleges and more!
This Blog Includes:
- Why Pursue MBA after MBBS?
- Benefits of MBA after MBBS
- Eligibility for MBA After MBBS
- Best Specialisations for MBA After MBBS
- MBA after MBBS Colleges in India & Abroad
- Steps for Pursuing MBA After MBBS
- Scope of MBA After MBBS in India
- MBA After MBBS Salary
- Meet Dr Charu Arora Who Opted for MBA After MBBS
Why Pursue MBA after MBBS?
Most medical students struggle to opt for MBA after completing a 5-6 year long MBBS. MBA after MBBS opens doors to more promising career choices that are unconventional and unique and at most times better-paying and satisfying too. Letting an MBBS degree hold the hands of an MBA allows doctors to better understand and access the hospital, healthcare delivery, and treatment processes, giving them a chance to put the inefficiency under the knife and deliver innovation.
Still, wondering why to study MBA after MBBS? Here are a few reasons which might help you in making the right choice:
- Pursue in-demand specialisations like Hospital Management, Medico-Management or Healthcare Management systems
- Explore your entrepreneurial skills
- Career boost
- To implement your critical thinking and analytical skills
- To avoid medical entrance exams for practising as well as getting admission into PG courses
What is taught in a Hospital Management course?
Benefits of MBA after MBBS
There are numerous benefits of pursuing an MBA after completing your MBBS, some of which are listed below:
- The rising number of healthcare centres and institutions has improved work opportunities in hospital administration and management. As a result, an MBA degree would assist applicants in exploring prospects in Healthcare management.
- It also delivers a significant increase in pay. According to payscale, an MBBS doctor in India makes INR 300,000 per year, whereas an MBA graduate in Hospital Management earns INR 660,000 per year.
- Those who want to strengthen their entrepreneurial skills can enrol at IIM after completing their MBBS or at another top B-School in India.
- It permits the student to stand out from the crowd of MBBS graduates and gives the student a greater influence in the Healthcare business.
- MBA after MBBS permits one to lead a hospital rather than just work in one. The individual has the opportunity to become the boss and provide exceptional services to patients while managing the administration and operations of a hospital.
- It also permits candidates to bypass competition for PG courses in medicine (approximately 160,000 individuals apply for NEET PG each year) and pursue a comparable niche career option with a comparable compensation package.
Eligibility for MBA After MBBS
While planning to study MBA After MBBS, you must know about the prerequisites and eligibility requirements you need to apply for your chosen MBA course. Though the actual requirements might vary as per the course and university, here are some of the general eligibility requirements for an MBA after an MBBS:
- For MBA courses, applicants generally have to complete a bachelor’s degree and for MBBS graduates, the major requirement is that your medical degree should be accredited by a recognized medical association like MCI in India.
- There are various MBA entrance exams like MAT, XAT, CAT, GMAT, etc. which you need to qualify as per the requirements specified by your chosen university. Generally, Indian universities accept scores GMAT, CAT, XAT, MAT, etc. while many other colleges and academic institutions in India might have their own entrance exams for MBA programs.
- If you are planning to pursue an MBA abroad, there are some additional eligibility requirements you must fulfil. Universities offering MBA abroad commonly accept GMAT scores while many institutions also allow applicants to provide GRE scores as well. You will also have to provide language proficiency test scores of IELTS/TOEFL/PTE, etc. along with admission essays, SOP and LORs.
Best Specialisations for MBA After MBBS
Looking for the right speciality after MBBS? Here are the most popular and top specialisations for MBA after MBBS:
|MBA After MBBS Specialisations||Duration|
|MBA in Healthcare||2 years|
|MBA in Hospital Administration and
Health Care Management
|MBA in Healthcare Management||2 years|
|MBA in Hospital and Healthcare Management||2 years|
|PGD in Hospital Management||1-2 years|
|PGD in Health Management||1-2 years|
|PGD in Hospital Administration||1-2 years|
MBA after MBBS Colleges in India & Abroad
An MBA is usually a 2 year-long program. However, some universities also offer 1 year MBA courses as well. To have excellent opportunities ahead, it is essential or candidates to opt for the best MBA college in the world. Here is the list of some universities that are highly recommended for an MBA after an MBBS:
MBA After MBBS Colleges in India
|MBA Colleges in India||Location|
|IIMs||Ahmedabad, Bangalore, Calcutta, Indore, Lucknow, Kozhikode, etc|
|Indian School of Business||Mohali and Hyderabad|
|XLRI Xavier School of Management||Jamshedpur|
|IITs||Kharagpur, Delhi, Bombay, etc.|
|SP Jain Institute of Management and Research||Mumbai|
|Faculty of Management Studies||Delhi|
|SVKM`s Narsee Monjee Institute of Management Studies||Mumbai|
|Indian Institute of Foreign Trade||Delhi|
|Jamnalal Bajaj Institute of Management Studies||Mumbai|
MBA After MBBS Colleges Abroad
- Columbia Business School
- Northwestern University, Kellogg
- Duke University, The Fuqua School of Business
- Cornell University, SC Johnson School of Business
- UCLA Anderson School of Management
- UVA Darden School of Business
- The University of Washington, Foster School of Business
- Harvard Business School
- University of Texas at Austin, The McCombs School of Business
Steps for Pursuing MBA After MBBS
It is not easy to decide which MBA program to study after studying Medicine for such a long time. Being a medical student you must have studied BiPC subjects at the school level as well. Therefore you must know the exact way to go about your career shift. Leverage Edu experts are here to help you make the right choice. Here are some basic steps which will guide you in the correct direction:
- Select the MBA specialization which matches your interests, skills and future goal
- Pick a university well-known for your chosen program
- If you select an Indian university then you will have to appear for selective management exams as per your selected B-school
- If you plan to study abroad then you need to select plan your application and take the GRE exam
Scope of MBA After MBBS in India
Thank god we are not living in a time where MBBS was treated as a full stop or a comma only to precede an “MD”. Today, MBBS is a degree that can walk up to an MBA and make promises of a more rewarding career. After doing an MBA after MBBS one can venture into entrepreneurship, join healthcare companies and become a part of consulting firms. You can have the following exciting job profiles amongst many others:
- Consultant for Healthcare Licenses
- Fellow in Clinical Research
- Emergency Specialist
- Hospital Administrator
- Hospital Manager
- Health Information Manager
- Pharmaceutical Project Manager
- Healthcare Consultant
- Medical Facility CFO
- Medical Manager
- Policy Analyst or Researcher
- Medical Director
Moreover, ‘Medico-Management’ professionals can become a part of product development and management of products related to healthcare.
MBA After MBBS Salary
If you are wondering about the salary of an MBA after an MBBS, here are the major courses and salary scope for MBA as well as other courses after MBBS:
|Course||Career Scope||Salary (can vary as per the employer and role)|
|MBA After MBBS||Hospital Administrator,
Health Information Manager,
Pharmaceutical Project Manager,
|60,000 INR – 2.5 Lakh per month|
|MD or MS After MBBS||Medical Specialists
|25,000 to 3 Lakh per month|
|Masters in Health
|Healthcare Administrators, Medical Managers, Pharmaceutical Reps, etc.||2-3 Lakhs p.a.|
|Medical and Clinical Research||Research Associates||20,000-25,000 per month as the entry salary|
Meet Dr Charu Arora Who Opted for MBA After MBBS
While there are many ambitious students who pursue an M.D (Doctor of Medicine) after an MBBS (Bachelor of Medicine, Bachelor of Surgery) and carry out the humble profession of treating patients on a daily basis, a few choose to create a bigger impact in the Healthcare Industry in general and opt for an MBA.
Such has been the case of a Leverage Edu mentor, Dr Charu Arora, a Senior Product Manager at Jio Health Hub who decided to dream big after completing her MBBS from Lady Hardinge Medical College and Post Graduate Diploma in Clinical Cardiology from Indira Gandhi National Open University. She had the ambition of creating a meaningful influence in the Healthcare Industry and so decided to switch roles from being a cardiologist and physician to an MBA student at the Indian School of Business and Hass School of Business, University of California (as an exchange student). She is highly passionate about the technology, innovation and business sides of the Healthcare Sector as a whole and is constantly working towards improving the experience of patients and optimizing healthcare delivery practices. Currently, as the Senior Product Manager at Jio Health Hub, she is walking on the path that leads to a revolution in healthcare technology in India.
Inspiring. Right? MBA after MBBS opens doors for doctors to new and exciting paths.
With every new clinic and every new hospital, with every new medicine and every new advancement in healthcare, comes the opportunity to make the business as good as the art of healing.
Ans. MBA is a great way to enter the management domain with ease. MBA after MBBS is a go-to option for all the people willing to become a part of hospital management or administration. One can also get work opportunities in big medical organisations like GE Healthcare, Abbott, Philips Healthcare, etc.
Ans. A huge number of doctors are now applying for MBA in order to get managerial skills and business knowledge along with medical expertise. An MBA opens up much diverse career pathways for doctors as well as gives them a good business sense to venture into a startup of their own.
Ans. MBBS and MBA do not have any comparative points as MBBS is an undergraduate course and MBA is a postgraduate program. MBA after MBBS is a great option since you can explore some of the most lucrative and highest-paying jobs in the medical sector like Medical Administrator, Pharmaceutical Sales Manager, etc.
Ans. Earning of a doctorate or MBA depends on their professional skills and attitude towards their work. In general, both MBAs and Doctors earn well. However, MBA personnel can really make a lot of money if gets the right opportunity.
Want to take this unusual journey and wear the successful cap with a bright trendy “management feather” along with your stethoscope? Well, since this promising journey is relatively new and we want to be sure that you reach your destination safely and happily, visit Leverage Edu now and we would love to conduct a successful operation of your career with you.