MBA in Healthcare Management: Course Details, Fees, Eligibility, Admission, Duration

Shristi T

MBA in Healthcare Management or MBA HCM is a two-year specialized postgraduate course that provides a comprehensive foundation in healthcare administration, blending essential concepts of Healthcare, Business Management, and Leadership. MBA Healthcare Management subjects include Healthcare Systems and Policy, Health Economics, Healthcare Finance, Healthcare Marketing, Healthcare Law and Ethics, Healthcare Operations Management, Healthcare Informatics, and many more. 

As part of the MBA in Healthcare Management eligibility criteria, candidates are required to possess a bachelor's degree with a minimum aggregate score of 50-60% from a recognized university, with relaxations of 5% offered to candidates belonging to the SC/ST/PwD candidates. Aspiring candidates are also required to appear for the entrance exams such as  CAT, MAT, XAT, CMAT, etc.

The MBA Healthcare Management course focuses on planning, controlling, and administering healthcare systems and other medical facilities that prepare the candidates to become Hospital Administrators, Healthcare Managers, Facilities Directors, etc.

What is MBA Healthcare Management Course?

MBA in Healthcare Management course or Master of Business Administration in Healthcare Management focuses on the management of healthcare organizations and can be defined as managing the functions of healthcare organizations by providing leadership and direction to healthcare units. The course falls under the umbrella of the MBA.

The job scope for MBA HCM graduates is vast as they can explore job roles in hospitals, clinics, pharmaceutical companies, medical insurance companies, healthcare organizations, etc., and earn an average salary ranging from INR 4-14 LPA.

MBA in Healthcare Management Eligibility Criteria

The MBA Healthcare Management eligibility criteria may vary depending on the academic structure and other variables, although most institutions have certain requirements that all applicants must meet. Some of the MBA Health Care Management course eligibility requirements are as follows:

• Students must have completed a bachelor's degree in any field with a minimum of 50% (45% marks for reserved category). The students are also required to take necessary entrance exams such as CAT, XAT, MAT, etc.
• The course does not have an age limit to enroll.

Why Choose MBA in Healthcare Management Course?

Students opting for MBA in Healthcare Management courses also learn and equip their skills and knowledge on administration, leadership workings of systems, marketing, and operations. Given below are some of the pointers that indicate the efficiency of the MBA in Healthcare Management course outcomes. 

• Exclusive Knowledge: MBA HCM is a two-year course designed to prepare students/aspirants to oversee operations and services in healthcare facilities. MBA Healthcare graduates get a deep insight into the healthcare industry's operational section through a practical understanding of the healthcare sector. 
• Industry-oriented curriculum: The students get detailed knowledge of healthcare management, which bridges the hospital's commercialization gap, and the patients admitted to the healthcare industry. Students also get into the government's healthcare policy-making.
• Demand: According to government data, the healthcare sector in India has been expanding at a Compound Annual Growth Rate of over 22% since 2016, establishing a strong demand for managerial skills in healthcare industries. 
• Career Prospect: Graduates passing an MBA in Healthcare Management course can work as a healthcare manager, administration of the hospital, assistant operation manager, claims manager, and oncology coordinator.
• Salary: The salary ranges between INR 5 - 12 LPA for graduates who completed an MBA Healthcare Management course.
• Skill Development Opportunity:  MBA in Healthcare Management allows graduates to learn about leadership, administration, and the working system of Healthcare management.

MBA in Healthcare Management Admission Process

The admission process can be based either on merit basis or through entrance exam scores, followed by advancing rounds of group discussion and personal interviews for final selection. MBA Healthcare Management admission criteria and selection process may differ across universities but listed below is a general outline of a common step-by-step admission process:

• Step 1: Admission to top MBA in Healthcare Management colleges is based on qualifying eligibility criteria for the chosen college.
• Step 2: Every MBA in Healthcare Management college has its admission process which includes applying online or offline through the college's website or by visiting the college admission desk.  
• Step 3: Students must get a secure cut-off score in MBA-based entrance examinations.
• Step 4: Shortlisted students may have to appear for other aptitude rounds which include Group discussions and personal interviews for final selection.
• Step 5: Colleges announce the final result based on the cumulative scores obtained in the entrance exam and other evaluations set by colleges.
• Step 6: Candidates have to complete the paperwork process by providing the required documents such as government ID, previous academic results, and experience certificate along with completing the admission process by submitting the MBA in Healthcare Management course fees.  

Also, Read More on: MBA Admission

MBA Healthcare Management Entrance Exams

Entrance exam scores of CAT, MAT, XAT, etc. are an essential part of admission for most reputed colleges and universities. Students opting for an MBA in Healthcare Management are required to appear and qualify in the entrance exams as these exams are crucial for admission to top colleges.

Listed below are some of the top MBA in Healthcare Management entrance exams:

Top MBA in Healthcare Management Colleges in India with Fees

MBA in Healthcare Management courses are provided by many reputed colleges across the country with a combination of hospital management. Government universities offering an MBA in Healthcare Management include the University of Hyderabad and Jamia Milia Islamia, and private universities such as SIHS Pune and Amity University also offer this course. Some IIMs such as IIM Jammu, and IIM Bodh Gaya are also known as top colleges for this course.

The average MBA in Healthcare Management fee is between INR 1.5-9 LPA. Given below is the MBA in Healthcare Management fee structure containing tuition, admission, and miscellaneous fees:

Top City Wise MBA Healthcare Management Colleges in India

Below listed are location-wise Master of Business Administration in Healthcare Management colleges in India with the average annual fees:

MBA in Healthcare Management Cutoff of Top Colleges

Admission to the top colleges providing MBA in Healthcare Management courses is based on qualifying MBA entrance exams with required cut-off marks. These cut-off marks change accordingly as it is determined by college authorities. Some of the most prominent college entrance examinations and their cutoffs are as follows for admission to MBA in Healthcare Management courses:

CAT Cutoff for MBA Healthcare Management

CAT is a go-to exam when it comes to admission to the IIMs for MBA courses. The CAT cut-off score is also the most common exam for admission to the MBA in Healthcare Management course. CAT 2023 cut-off score is yet to be released. The table below shows the expected CAT cutoff, 2023, for top colleges providing MBA in Healthcare Management in India.

MAT Cutoff for MBA Healthcare Management

Candidates can get into several colleges providing an MBA in Healthcare Management through the MAT entrance exam. MAT is conducted in the month of September and It’s generally a moderate-level exam compared to CAT. Some of the colleges considering MAT for admission to MBA in Healthcare Management are given below: 

Types of MBA Healthcare Management Courses

The demand for MBA courses has grown significantly, resulting in the rise of diverse modalities of study based on experience, goals, and qualifications. Below are the types of MBA in Healthcare Management courses in detail:

Part-Time MBA in Healthcare Management

The MBA in Healthcare Management duration of the course can vary from 6 months to 3 years and the curriculum is designed for students to pursue while being engaged in employment through online sessions, webinars, E-Learning materials, skill-development evaluations, etc. Some of the key information regarding part-time MBA in Healthcare Management is given below:

• Candidates may require certain work experience (1-2 years).
• The part-time MBA Health Care Management course duration is 6 months to 3 years depending on the academic structure. 
• Graduates from a part-time MBA Healthcare Management course earn an average salary of INR 3-7 LPA. 
• Students can pursue this course from ICRI by Sandip University. 

Distance MBA in Healthcare Management

The MBA in Healthcare Management distance learning lasts two years and is divided into four semesters of six months each. The course module offers the opportunity to obtain a comprehensive understanding of healthcare management remotely. Below mentioned are the MBA in Healthcare Management course details for distance education:

• The course is ideal for individuals who are unable to complete a standard mode of MBA in Healthcare Management.
• The course has no upper age limit for enrollment.
• The distance learning program usually focuses on core subjects rather than electives.
• The MBA in Healthcare Management course fees for distance education range between INR 35,000 - 2.75 LPA.
• Colleges such as Anna University, Venkateshwara Open University, and Suresh Gyan Vihar University provide distance education courses for MBA in Healthcare Management and are widely known for their great academic structure.

MBA in Healthcare Management Syllabus 

MBA in Healthcare Management in the first year focuses on healthcare fundamentals, policy, finance, ethics, and management principles. The second-year subjects deal with advanced topics like analytics, innovation, hospital administration, and strategic planning.

MBA in healthcare management courses are designed to ensure that the students have access to all the vital and key concepts of healthcare & clinical management. Important MBA Healthcare subjects are given below in greater detail:

Know More: MBA in Healthcare Management Syllabus and Subjects

MBA in Healthcare Management vs MBA in Hospital Management

MBA in Hospital Management is a two-year post-graduate course that aims to cover essential concepts based on managing healthcare units along with contemporary approaches in hospital administration while an MBA in Healthcare Management focuses on core areas of business operations in the healthcare industry.

The table below showcases the differences between MBA Hospital Management and MBA Healthcare Management course:

Read More: MBA in Hospital Management

Courses after MBA in Healthcare Management 

The Higher education opportunities for MBA Healthcare Management students are abundant. There are immense advantages to keeping oneself updated through certification courses organized by several universities and the government. Some of the courses that an aspirant can pursue after completing the MBA in Healthcare Management are listed below:

• Diploma in Public Health Management
• Certified Phlebotomy Technician (CPT)
• Pharmacy Technician Professional
• Diploma in Rural Health Care
• Ph.D. in Management

MBA in Healthcare Management Salary in India

After completing an MBA in Healthcare Management course, the aspirant's average salary ranges between INR 4 - 14 LPA. While a fresh graduate may earn an average salary ranging from  INR 4- 7.5 LPA, experienced employees can earn more than INR 10 LPA.

The salary after MBA in Healthcare Management varies due to several factors such as job level, designation, company reputation, location, etc. The table below provides an overview of the average salaries after an MBA in Healthcare Management:

[Source: Glassdoor & AmbitionBox]

Career Options After MBA in Healthcare Management

MBA in Healthcare Management in India is becoming highly popular and the course opens many career opportunities in a wide range of job roles in the healthcare sector. Some of the job opportunities after an MBA in Healthcare Management are given below:

Read More: MBA in Healthcare Management Career Scope

Top Recruiters of MBA Healthcare Management

Leading organizations actively seek graduates with an MBA in Healthcare Management due to their specialized expertise in navigating the intricate healthcare landscape. The following table highlights some of the top recruiters in this field, along with the average salaries they offer to these accomplished professionals:

[Source: Glassdoor & AmbitionBox]

Skill Development in the MBA HCM Course

Graduates have to gain the proper knowledge and training sessions to prosper in the field of Healthcare. Listed below are some of the required skills for pursuing MBA in Healthcare Management: 

• Excellent communication skills - Good communication skill is needed for adequate CRM activities and maintaining client relationships. 
• Healthcare skills  -  A basic knowledge of nursing and certain healthcare procedures is useful as a student of healthcare management. 
• Leadership skills - Leadership skills are highly required for effective team activities and provide direction to subordinates. 
• Technical skills - Certain technical skills are required for achieving high performance and efficiency. 
• Management skills- A certain level of managerial skills is required for effective coordination of organizational activities along with maintaining a steady flow in the business process.

Top MBA in Healthcare Management Colleges

NMIMS Mumbai

Mumbai,Maharashtra

MIT-WPU

Pune,Maharashtra

Chitkara University

Patiala,Punjab

Shoolini University

Solan,Himachal Pradesh

Lotus Business School

Pune,Maharashtra

Swami Vivekananda Institute of Science and Technology

Kolkata,West Bengal

Galgotias University

Greater Noida,Uttar Pradesh

Pacific University

Udaipur,Rajasthan

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Top Management Entrance Exams

CAT

• Eligibility Criteria
• Syllabus

MAT

Exam Date: May 19, 2024

• Eligibility Criteria
• Syllabus

NMAT

• Eligibility Criteria
• Syllabus

GMAT

• Eligibility Criteria
• Syllabus

JEMAT

• Eligibility Criteria
• Syllabus

CMAT

• Eligibility Criteria
• Syllabus

IBSAT

• Eligibility Criteria
• Syllabus

IMUCET

• Eligibility Criteria
• Syllabus

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MBA in Healthcare Management Fee Structure

See Various MBA in Healthcare Management Colleges in India