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With the advent of advanced healthcare, many multispeciality hospitals are mushrooming in every corner of the country, mainly in tier-2 and tier-3 cities. Such hospitals, with many things to offer, need efficient management. Therefore, they recruit professionals that are trained in hospital management. It is a very promising career, and if you want to work in such an environment, you can pursue an MBA course in Hospital Management.
Master of Business Administration in Hospital Management is a 2 year PG course offering management education related to operations and proper functioning of a healthcare facility or a hospital. The MBA syllabus in Hospital Management includes the financial aspects of a hospital, marketing, supply chain and HR management of hospitals. The course is divided into 4 semesters.
So, if you want to get an MBA degree in Hospital Management, you may have to clear national-level or university-level entrance exams like CAT, XAT, MAT, GMAT, etc.
[Also read: MBA fees in India]
MBA in Hospital Management in India — An Overview
Course Duration |
2 years |
Eligibility |
A Bachelor’s Degree from a recognised university, preferably with 50% marks |
Examination Pattern |
Bi-annual or Semester-wise |
Admission |
Entrance and merit-based |
Course Fee |
₹1.5 lakhs to ₹8 lakhs |
Average Salary Per Year |
₹2 lakhs to ₹10 lakhs (depending on the city of employment) |
Top Recruiters |
Hospitals, Pharmaceuticals, Public Health Departments, Health Insurance Companies, Clinics and Laboratories, Health Organisations, Nursing Homes, etc. |
Job Roles |
Hospital Administrators, Medical Director, Hospital Business Managers, Healthcare Finance Managers,Medical and Health Service Managers, Food and Beverage Managers, Blood Bank Administrators, etc. |
MBA in Hospital Management — Syllabus
So far, you probably have some idea about MBA in hospital management. To give you more information, here is a table showing the MBA curriculum for hospital management. The order of subjects appearing in the list may change from one university to another, but the syllabus should remain the same. The order of subjects appearing in the table is not indicative of the order of study.
First Year |
|
Semester l |
Semester ll |
Marketing Management |
Financial Management |
Business Statistics |
Business Mathematics and Operation Research |
Principles of Management |
Marketing Strategy and Applications |
Business Law |
Management of National Health Programs |
Organisational Behaviour |
Organisation and Administration of Clinical Services |
Managerial Economics |
Human Resource Management |
Financial Accounting |
Materials Management |
Second Year |
|
Semester lII |
Semester lV |
Management Information Systems |
International Business |
Pharmaceutical Management |
Hospital Planning |
Quality Management |
Management controls Systems |
Business Policy and Strategic Management |
Applied Epidemiology |
Health Education and Communication |
Environment Management and Business |
Legislation for Health and Hospital |
Foreign Language |
Foreign Language |
Final Projects |
MBA in Hospital Management — Eligibility
The eligibility criteria for MBA hospital management remains pretty much similar to other MBA streams and specialisation.
- An aspiring candidate must have completed his graduation with at least 50% marks from a recognized university.
- Candidates hailing from the reserved category are required to obtain at least 40% in their graduation.
- The graduation can be done in any stream.
- Candidates must clear any of the MBA entrance exams like CAT, MAT, XAT, or CMAT, and secure the cut-off marks required by their preferred college or university.
Here is a list of entrance exams for MBA in hospital management in India:
CAT: CAT or the Common Admission Test is one of the most popular MBA entrance exams conducted by the IIMs.
XAT: XAT or Xavier Admission Test is a university-level entrance examination conducted by the XLRI for admission into its MBA programs.
CMAT: CMAT or the Common Management Admission Test is a national-level management entrance examination conducted by NTA.
ATMA: ATMA or AIMS Test for Management Admissions is a national-level management entrance examination conducted by Association of Indian Management Schools.
MAT: MAT or Management Aptitude Test is a national-level entrance examination for admission to management studies conducted by the All India Management Association.
SNAP: SNAP or Symbiosis National Aptitude Test is a university-level admission test conducted by SIU or Symbiosis International (Deemed University). It allows students to take admission to SIU’s postgraduate courses, including MBA.
MBA in Hospital Management — Career Prospects
After completing your MBA in Hospital Management, you can start your career in the field. This MBA specialisation imparts knowledge in business management in healthcare administration. It can help students develop conceptual as well as quantitative skills required to run hospitals and clinics.
Here is a list of some of the popular job roles that are offered to MBA graduates with specialisation in hospital management.
Hospital Administrators or Hospital Business Managers: The job responsibilities of a hospital administrator or hospital business manager is to ensure that their healthcare institution runs smoothly and effectively. They also recruit medical and non-medical staff. Average Salary: ₹4.2 lakhs per year.
Healthcare Finance Managers: As the name suggests, Healthcare Finance Managers oversee the daily financial activities of a healthcare institution. They are responsible for financial planning, budgeting, financial analysis and reporting, etc. Healthcare finance managers are required to be updated about the latest healthcare financing regulations. Average Salary: ₹9.5 lakhs per year.
Medical Director: The key job responsibilities of a medical director is to ensure timely and proper administration of treatments at hospitals, and any other medical facilities that recruit them. Grievance redressal, ensuring the following of medical ethics and maintaining transparency in the organisation often fall under the periphery of a medical director. Average Salary: ₹32 lakhs per year.
Medical and Health Service Managers: Medical and Health Service Managers plan, direct and coordinate the healthcare services provided by the hospital. Average Salary: ₹12 lakhs per year.
Blood Bank Administrators: The job of a Blood Bank Administrators include proper evaluation and management of inventory and coordinating and maintaining all operations of a blood bank. Their key responsibilities also encompass providing operational oversight of receipt, storage and delivery. Average Salary: ₹10 lakhs per year.
HR Managers: HR Managers in hospitals and other healthcare facilities are responsible for hiring doctors, nurses, and other non-medical staff. Just like any other HR managers, their job roles also include human resource management. Average Salary: ₹2 lakhs per year.
Top Colleges Offering MBA Courses in Hospital Management
-
Aligarh Muslim University
Eligibility |
Course Fee |
Average Salary |
A bachelor's degree from a recognised university with 50% marks |
₹4.05 lakhs |
₹4.6 lakhs |
-
ICFAI Foundation for Higher Education - [IFHE], Hyderabad
Eligibility |
Course Fee |
Average Salary |
A bachelor's degree from a recognised university with 50% marks |
₹16.02 lakhs |
₹7.7 lakhs |
-
KLE University, Belgaum
Eligibility |
Course Fee |
Average Salary |
For MHA or Master of Hospital Administration, candidates need a bachelor's degree from a recognised university |
₹1.4 lakhs |
₹11.5 lakhs |
-
Amity University, Noida
Eligibility |
Course Fee |
Average Salary |
For MHA or Master of Hospital Administration, candidates need a bachelor's degree from a recognised university |
₹2.47 lakhs |
₹5 lakhs |
-
IIHMR University, Jaipur
Eligibility |
Course Fee |
Average Salary |
A bachelor's degree from a recognised university with 50% marks + candidates must clear entrance exam like CAT/MAT/XAT/NMAT |
₹10.5 lakhs |
₹5.1 lakhs |
Conclusion
MBA in hospital management is a promising field of study offering great career opportunities. It is one of the fields where internship experiences can help you get a good full-time job opportunity. So, if you want to pursue MBA with specialisation in hospital management, you may consider one of the colleges mentioned in this blog, or you can choose one that is powered by Sunstone. Getting your MBA from a college offering Sunstone’s features can prepare you better for the industry with Sunstone’s industry-aligned training modules and upskilling programs.
FAQ - MBA in hospital management
Is an MBA in hospital management a good career?
MBA in hospital management is a comparatively niche career that offers good career prospects. Freshers may start their career with a low salary, but with experience, they can earn a lot more. For example, an experienced medical director can earn up to ₹32 lakhs per year.
Can I get a job after MBA in hospital management?
Yes, you can get a job after completing your MBA in hospital management. Hospitals, Pharmaceutical companies, Public Health Departments, Health Insurance Companies, Clinics and Laboratories, and Nursing Homes, hire people with a degree in hospital management.
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