MBA After MBBS

MBBS in India offers diverse options when it comes to the following stages after graduation. One such domain is pursuing MBA after MBBS. MBA after MBBS is ideal for doctors who are now focused on entrepreneurship and clinic management.

Graduates who are more inclined towards hospital management, pharma-management, and medical administration can take this course. This article provides more insights on why MBA after MBBS can be a worthy option to consider.

Also Read on MBA Admission

Why MBA After MBBS?

"Why MBA after MBBS?" is one of the most popular questions asked by MBBS graduates. An MBA is not an obvious choice of study post the completion of an MBBS degree. To clear all the doubt clouds, let's get on to some facts.

MBA after MBBS opens numerous career choices that are pretty exciting and very unique. And for most times, it ends up better-paying and mentally satisfying too. For the graduates, who have a passion for starting their healthcare center with 20+ employees, this is the course for them to understand the business aspects of healthcare service. MBA allows medical professionals to get a hold of healthcare business administration. Now, how is an MBA beneficial for career growth as a doctor? Let's find out.

Eligibility Criteria for MBA After MBBS

Students often get stuck on figuring out “How to prepare for MBA after MBBS?”. The answer to that question lies within the eligibility criteria for an MBA course. MBA is always open to all with an appropriate undergraduate degree. The eligibility criteria for MBA after MBBS is very generic. There are some prerequisite requirements to get admission into the desired MBA course. Requirements vary from one university to another, but the standard criteria as per UGC are listed below:

• For MBBS graduates, the medical degree should be recognized by a top medical association like IMA or the MCI.
• It will help if students clear any of the MBA entrance exams such as CAT, XMAT, MAT, etc. Some universities also conduct university-level entrance exams.
• For foreign universities, graduates should've cleared the GMAT along with language proficiency tests.
• For English proficiency, graduates should produce IELTS/TOEFL scores. It varies when graduates decide to pursue coursework in a different language.

MBA Specializations After MBBS

MBA, on its own, has a plethora of specialization streams to choose from. When it comes down to healthcare management, there are some unique MBA courses that graduates can choose. Some of the top specializations offered in India include:

• MBA in Hospital Management
• MBA in Healthcare Management
• MBA in Hospital Administration
• MBA in Pharmaceutical Management

Read More on other necessary MBA Courses

How MBA After MBBS is Beneficial?

Ever wondered "Whether MBA is worthy after five years of MBBS studies?". Well, an MBA degree does wonders in terms of career development. It provides room for students to think bigger. Like any other profession, healthcare specialists also have their terms of expansion. Medical professionals have an ultimate goal to serve the mass, and they need a proper management structure like any other organization to manage their business.

Some of the significant benefits of MBA after MBBS are :

• Provides medical graduates an understanding of how they can expand their services.
• The coursework provides the answer for how business works, along with knowledge on business expansion strategies.
• Helps professionals to handle profession and business symbiotically.
• Helps  build a perfect market for their technical skills and will help them provide services for a wide range of people.

Scope of MBA After MBBS

After completing MBA after MBBS have a wide range of job scopes both in India and abroad. MBBS, along with MBA, can make promises of a rewarding career. Upon completing MBA after MBBS, graduates can venture into several streams and become an integral part of the business.

The MBA degree allows medical professionals to venture into startups with much confidence. The medical profession deals with trust, and entrepreneurs can trust their skills in business expansion. It potentially eliminates the necessity for other administration personnel to focus on operations.

Apart from entrepreneurship, graduates can take up roles such as Hospital Administrator, Health Information Manager, healthcare Consultant, and other management-oriented roles. Scopes are higher even in healthcare product development and management organizations.

Salary of  MBA After MBBS

If MBBS can get a competitive salary for an individual, imagine what MBBS with management can fetch. Graduates with a medical background are entitled to receive hefty pay than graduates without a medical background. The pay scale is very diverse. Some of the top job roles and average income are listed below:

Job Role	Average Payscale
Healthcare Consultant	INR 8.34 LPA
Chief Executive Officer	INR 25 LPA
Operations Manager	INR 10 LPA
Administrative Office Manager	INR 9.6 LPA
Business Development Executive	INR 15 LPA

Top Colleges for MBA After MBBS

MBA is one of the most popular postgraduate management degrees in the country and is offered by plenty of private and government institutions. Some of the top colleges for MBA After MBBS are listed below:

• IIM Ahmedabad
• IIM Calcutta
• IIM Bangalore
• IIM Indore
• XLRI Jamshedpur
• FMS Delhi
• IIM Kozhikode
• SIBM Pune
• IIT Delhi
• NITIE Mumbai

Is This The Best Choice?

The answer to this question relies on the aspirant's willingness to pursue further. It's not like all doctors would like to have their healthcare facility, but it's certainly the dream of many to have one. It is not easy to manage a healthcare facility with over 50 employees without proper management skills.

Increased Job Scopes: MBA after MBBS is the best choice to get hold of necessary management skills to ensure the organization's proper functioning.  MBBS graduates with more excellent technical knowledge can propel any healthcare facility to its pinnacle of success. Apart from traditional medicine-based job roles, MBA after MBBS offers a platform for doctors to work at the management level at healthcare centers. It also provides scopes of doctors to venture into entrepreneurship and start their healthcare facility centers.

Higher Paygrade: In general, MBBS graduates are entitled to receive higher pay than the other graduates due to the risk factor associated with their jobs. However, an MBA after MBBS will help them earn more, as they will manage both operations and technical work simultaneously. MBA also allows them to open their services, which also multifold their paygrade to a greater extent.

There's an underlying passion for all medical graduates to earn as much as they spent for MBBS.  For business expansion, a basic understanding of business ethics is essential. An MBA after MBBS will serve the right amount of skills on the platter and make aspirants' effort worth it.