Engineers are blamed by commerce students for making the fight of doing an MBA from top B-schools a more competitive one. Right? Who would have thought that doctors would come out in the field of MBA and make this battle even more exciting? MBA after MBBS? Is that a thing? Moreover, does it even make sense? Well, yes. It does. It is gaining popularity and it is a killer combination. What? Do you think we are exaggerating? Really? We thought all our trust issues were sorted by now. Never mind, read along and judge for yourself.
This Blog Includes:
Why MBA after MBBS?
While there are many ambitious students who pursue M.D (Doctor of Medicine) after 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 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 does open 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. Letting an MBBS degree hold 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.
Before moving on to MBA specializations for medical students, benefits of MBA after MBBS, and career opportunities after MBA let’s throw some light on the best destinations for Indian students to pursue MBBS from abroad:
Why Pursue MBA after MBBS?
Remember, how in the beginning the idea of MBA after MBBS was sounding absurd to you? You didn’t have enough trust in us when we said it’s a killer combination? You are finally liking the idea of an MBA after MBBS. It does make sense. Right? Now, allow us to list down the benefits of doing an MBA after MBBS that you might have already figured by now.
- ‘Medico-Management’ saves you from the cut-throat competition for a limited number of Post Graduate seats in top medical colleges that require you to crack highly competitive entrance exams.
- MBA after MBBS opens doors to more promising career choices that are unconventional and unique and at most times better-paying and satisfying too.
- It allows you to stand out from amongst the herd that has done MBBS and gives you the opportunity to have a bigger influence in the Healthcare industry. It gives you a canvas to paint instead of a drawing book to color.
- MBA after MBBS allows you to not just work in a hospital but also run one. You get to become the boss and deliver quality services while managing the administration and operations of a hospital.
MBA Courses After MBBS
Any MBA will gift you the ability to measure every aspect of Healthcare in terms of business and inculcate the ability to come up with better solutions for existing challenges in the Healthcare industry. However, there are a few specific MBA programs that you should consider when planning to do an MBA after MBBS:
- MBA in Healthcare
- MBA in Hospital Administrator and Health Care Management
- MBA in Healthcare Management
- MBA in Hospital and Healthcare Management
- PGD in Hospital Management
- PGD in Health Management
- PGD in Hospital Administration
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 MBA after 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.
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.
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 MBA after MBBS:
- 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
- University of Washington, Foster School of Business
- Harvard Business School
- University of Texas at Austin, The McCombs School of Business
Q1: Is MBA after MBBS a good option?
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.
Q2: Why do doctors do MBA?
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 given them a good business sense to venture on a startup of their own.
Q3: Which is better MBBS or MBA?
MBBS and MBA do not have any comparative points as MBBS is an undergraduate course and MBA is a postgraduate program. Deciding a better one amongst MBBS or MBA, we need
Q4: Who earns more doctor or MBA?
Earning of a doctor or MBA depends on their professional skills and attitude towards their work. In general, both MBA and Doctors earn well. However, MBA personnel can really make a lot of money if gets the right opportunity.
Q5: Can anyone do MBA after MBBS?
Yes, anyone can do MBA after MBBS. If you want to give your medical career an interesting twist and create better career prospects, MBA after MBBS is a good choice for you. MBA after MBBS allows one to penetrate in the hospital administration and hospital management fields. Moreover, MBA after MBBS graduates become the preferred choice of top medical companies Philips Healthcare, GE Healthcare, Medtronic, etc. With basic medical knowledge in hand, MBA after MBBS adds another layer to your skillset and lets you tap new opportunities and take your career to newer heights.
Q6: What’s the scope of MBA after MBBS?
The scope of doing MBA after MBBS is vast. MBA after MBBS gives one the freedom to explore unique career options in the field of Medicine that MD or MS can’t open doors to. Such exciting job profiles include Health Information Manager, Medical Director, Hospital Manager, Medical Facility CFO, Hospital Administrator, Emergency Specialist, etc. After doing an MBA after MBBS one can join healthcare companies, become a part of consulting firms, and venture into entrepreneurship.
Want to take this unusual journey and wear the successful cap with bright trendy “management feather” along with your stethoscope? Well, since this promising journey is relatively a new one and we want to be sure that you reach your destination safe and happy, visit Leverage Edu now and we would love to conduct a successful operation of your career with you.