Are you interested in pursuing an MBA in healthcare management in India? If yes, then you are at the right place! It is a perfect course for a student who wants to make a career in business and healthcare in India. And the best part is that it doesn’t require you to appear for the NEET examination. However, there are other management entrance exams that you need to qualify for in order to get admission to this course.
An MBA in HM course offers great career prospects afterward. The Indian healthcare industry is growing at a rate of 16% per year, which means more jobs and opportunities to follow. Also, the career progression in this sector is quick. This guide on an MBA in healthcare management will cover everything you need to know regarding the course. So, stay tuned and read till the last so that you can make an informed choice.
Topics covered
What is an MBA in Healthcare Management?
An MBA in Healthcare Management trains you to lead and manage healthcare organizations. It covers both business and healthcare topics, teaching you how to improve patient care while running efficient operations. You’ll learn about healthcare policies, financial management, human resources, and more.
An MBA in healthcare management prepares you for roles like hospital administrator, healthcare consultant, or manager in pharmaceuticals. This helps you make a positive impact in the health sector. It is a growing domain, so make sure you’re in that domain, among the brilliant minds of this country!
Read more about an MBA Course in India here!
Highlights of an MBA in Healthcare Management Course
An MBA in Healthcare Management provides you the knowledge and skills to lead in the healthcare industry. Here’s a breakdown of the key highlights of the course that you need to know:
| Highlight | Description |
| Course Duration | Generally 2 years full-time, or 2-3 years part-time. |
| Top Colleges | IIMs, Symbiosis Institute of Business Management (SIBM), Amity University. |
| Course Fees | INR 5,00,000 to INR 15,00,000 depending on the institution. |
| Job Opportunities | Hospital administrator, healthcare consultant, pharmaceutical manager, etc. |
| Average Salary | Around INR 10 LPA to INR 20 LPA, depending on experience and location. |
| Specializations | Healthcare Policy, Health Informatics, Hospital Administration, etc. |
These were some of the important details regarding an MBA in healthcare management. Well, you can explore some more Popular MBA Specializations here!
Eligibility for an MBA in Healthcare Management Course
Every course has some eligibility, and an MBA being a master’s course has definitely some extra requirements. Here are the following requirements for pursuing an MBA in HM course:
- You need a Bachelor’s degree in a relevant field from a recognized university.Â
- Students should have scored at least 50% in their undergraduate studies, or 45% for SC/ST candidates.Â
- Moreover, you may need a valid score from a management entrance test like CAT, MAT, XAT, CMAT, ATMA, or a state common entrance test.Â
These are some general requirements and may change from universities to universities. Want to know more about these exams? Refer to our blog MBA Entrance Exams for detailed information.
MBA in Healthcare Management Syllabus
An MBA in HM is a two-year postgraduate course, generally consists of four semesters. There are different core and elective subjects year wise that you have to study. Let’s have a look at the year-wise course structure and syllabus of the course.
| First Year Subjects | Financial Management, Marketing Management, Human Resource Management, Operations Management, Strategic Management, and Business Law |
| Second Year Subjects | Health Information Systems, Ethics in Healthcare, Global Health Issues, , Hospital Administration, and Healthcare Marketing |
| General Electives (Optional) | Health Informatics, Public Health Management, Healthcare Finance, and Healthcare Innovation and Entrepreneurship |
| Practical Components | Case Studies, Internships, Projects, and Workshops |
Best Colleges in India for an MBA in Healthcare Management
There are several top colleges in India for all subjects and courses you have looking for. The table below shows the list of the top colleges for an MBA in healthcare management. For your reference, we have also mentioned the average tuition.
| Name of the College | Course Offered | Average Tuition Fees |
| Indian Institute of Management, Bodh Gaya | MBA in Hospital and Healthcare Management | INR 16.28 lakh (total) |
| National Forensic Science University, Gujarat | MBA Hospital and Healthcare Management | INR 75,000 per semester |
| BITS Pilani | MBA in Hospital & Health Systems Management | INR 66,750 per semester |
| KJ Somaiya Institute of Management | MBA in Healthcare Management | Around INR 22 lakh (total) |
| Lovely Professional University | MBA in Hospital and Healthcare Management | INR 2 lakh per semester |
| NMIMS Mumbai | MBA in Healthcare Management | INR 7.50 lakh per year |
| Tata Institute of Social Sciences – TISS Mumbai | Master of Hospital Administration (MHA) | INR 1.45 lakh (total) |
| IIHMR University | MBA in Hospital and Health Management | INR 2.30 lakh (total) |
| Sharda University | MBA in Healthcare and Hospital Management | Around INR 7.30 lakh (total) |
| University of Hyderabad | MBA in Healthcare and Hospital Management | N/A |
These were among the best MBA Colleges in India for a master of business administration in healthcare management course. The fee structure is subject to change with time.
Admission Process for an MBA in Healthcare Management
Securing admission in a top college in India for an MBA in HM is a dream for many students out there. But the admission process is not as simple as it looks. There are several processes involved in this. The admission process for an MBA in healthcare management includes:
- Eligibility Completion: Students must ensure that they meet the minimum eligibility criteria for admission. This can include a bachelor’s degree, minimum aggregate marks, and even entrance exams sometimes.
- Entrance Exams: Most colleges need a valid scorecard from one or more management entrance exams. These exams include CAT, MAT, XAT, CMAT, ATMA, GMAT, or other state exams.
- Application Submission: Students need to submit a completely filled application. This requires personal details, academic records, entrance exam scores, and other documents.
- Shortlisting and Interview: You will be shortlisted based on your interview and entrance exam. Through a personal interview (PI) round, the college checks your communication skills and suitability for the course.
- Final Selection and Fee Payment: Now, a composite score is generated based on your overall performance. After you meet the final cutoff, admission letter is released to you. Make the fee payment and confirm your slot.
Note: Each college follows its own admission process, and that may vary from the above-mentioned process.
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Market Trends of Healthcare Industry in India
Now, the question arises what are the future prospects of an MBA in HM in India? Well, there have been recently many changes in policies and growth opportunities. You must know these opportunities as you have to make a career out of them. Here are some of the important highlights of the Indian healthcare industry:
- During the COVID surge in 2021-2022, the healthcare sector accounted for 10.6% of total jobs in various industries (Source: IBEF, Sept 2022).
- The Indian healthcare industry is expanding at a rate of 16% per year, with total public and private spending on healthcare making up 4% of GDP (Source: IBEF, Aug 2023).
- India’s insurance market is rapidly growing and is expected to reach $280 billion by 2025, with a yearly growth rate of 12%-15% (Source: ITA, Apr 2023).
- The medical tourism market in India is projected to grow from $5.63 billion in 2021 to $35.12 billion by 2027 (Source: Businesswire, November 2022).
- India’s digital health market is set to increase from $3.83 billion in 2022 to $18.34 billion by 2030, growing at a rate of 21.6% each year (Source: Insights10, May 2023).
MBA in Healthcare Management: Popular Jobs and Average Salaries
Woahhh! You just saw the incredibly great numbers depicting the demand and growth trends of the healthcare industry in India. Now, we will move on to the popular job roles associated with the healthcare sector in India. The table below contains the popular jobs and their average salaries in the healthcare industry:
| Popular Jobs in Healthcare Industry | Average Annual Salaries |
| Healthcare Manager | INR 4.93 LPA |
| Hospital Administrator | INR 5.08 LPA |
| Health Services Manager | INR 6.07 LPA |
| Medical and Health Services Manager | INR 5.03 LPA |
| Healthcare Consultant | INR 12.43 LPA |
| Clinical Research Manager | INR 8.07 LPA |
| Pharmaceutical Project Manager | INR 13.74 LPA |
| Insurance Manager | INR 6.75 LPA |
(Source: PayScale India)
The above-mentioned salary figures are approximate and subject to change with time, location, and experience. You can also read about the top Career Options After MBA here!
Difference Between an MBA in Healthcare Management and a Master of Health Administration
Many students often confuse an MBA in HM with an MHA despite them being fundamentally different. But don’t worry, we are here to eliminate your query and solve your doubts. The table below depicts the difference between an MBA in healthcare management and a master of health administration:
| Aspect | MBA in Healthcare Management | Master of Health Administration (MHA) |
| Focus | Business management principles applied to healthcare | Healthcare administration and management |
| Curriculum | Mix of general business courses and healthcare-specific courses | Primarily healthcare-focused courses |
| Career Opportunities | Hospital administration, healthcare consulting, pharmaceutical management, etc. | Hospital administration, public health administration, health policy, etc. |
| Skill Development | Business strategy, financial management, marketing, human resources | Healthcare operations, healthcare policy, quality management, health informatics |
| Ideal Candidates | Those with an interest in both business and healthcare | Those primarily focused on healthcare management |
These were the notable differences between an MBA in HM and a Master of Health Administration (MHA). The basic difference is the inclusion of the business aspect in the MBA degree. Still have more doubts? You can reach out to us at Career Counselling in Delhi and get your career-related queries resolved in minutes!
Is an MBA in Healthcare Management a Good Course? (Conclusion)
Yes, an MBA in healthcare management is a very good course for students to pursue who have interest in business and healthcare sector. Being a 2-year postgraduate course, it helps you gain the fundamental knowledge related to the healthcare industry. Some of the top colleges for this course are IIMs, NMIMS Mumbai, TISS Mumbai, BITS Pilani, and others. The average fee for this course lies somewhere between INR 2 to 8 lakh per year.
The growth opportunities for the healthcare industry in India is amazing! The Indian healthcare industry is expanding at a rate of 16% per year, creating more job openings and demand. Pursuing an MBA in healthcare manager is a no brainer for you if you are interested in business and management aspect of healthcare industry.
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FAQs
The scope includes leadership roles in hospitals, consulting, pharmaceuticals, and healthcare organizations, emphasizing operational efficiency, patient care, and strategic management amid industry growth.
Graduates can pursue roles like hospital administrator, healthcare consultant, health services manager, clinical research manager, or pharmaceutical project manager, with diverse opportunities in the healthcare sector.
Top options include MBA in Healthcare Management from IIMs, NMIMS, and TISS. Specializations in hospital administration or healthcare policy further enhance career prospects in the medical field.
An MBA focuses on business management in healthcare, while an MHA emphasizes healthcare administration. Choose based on career goals—business strategy or healthcare operations.
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Sushant, an accomplished content writer at iDreamCareer, has dedicated his life to the pursuit of writing since childhood. Having earned his education at the prestigious University of Delhi, he possesses a profound understanding of both arts and science in the field of education. Leveraging his professional experience, Sushant brings a fresh perspective to analyzing emerging trends in the realms of writing and education. His youthful mindset, coupled with a positive outlook, is geared towards enlightening students through the impactful delivery of wisdom and knowledge.
