MBA in Hospital and Healthcare Management: Course Details, Eligibility, Admission, Fees

Roumik Roy

MBA in Hospital and Healthcare Management is a two-year postgraduate course that deals with the study of healthcare administration, financial management, strategic planning, and quality improvement techniques in healthcare management.

Admission to MBA in Hospital and Healthcare Management requires candidates to clear their graduation with a minimum of 50% marks. Apart from the merit score, the candidate also needs to qualify for the entrance exams such as CAT, XAT, MAT, etc. The average MBA in Hospital and Healthcare Management course fees is in the range of INR 2-8 LPA.

What is MBA in Hospital and Healthcare Management Course?

MBA in Hospital and Healthcare Management course aims at providing knowledge about healthcare policies, regulations, and ethical considerations. The course falls under the umbrella of the MBA course.

After completion of the MBA in Hospital and Healthcare Management course, graduates can work in industries like Biotechnology, Pharmaceutical industry, medical tourism, hospitals, etc. The average salary of an MBA in Hospital and Healthcare Management graduate average salary is INR 6.60 LPA.

MBA Hospital and Healthcare Management Eligibility Criteria 

The MBA Hospital and Healthcare Management eligibility criteria may have various evaluating components such as entrance exam score, PI score, and IIM Bodhgaya also gives a weightage of 30% for candidates' overall profile. Below are the eligibility requirements for MBA in Hospital and Healthcare Management:

• Candidates are required to have a graduate degree with a minimum of 50% for the unreserved category.
• SC/ST/PWD candidates should have a 45% aggregate score.
• The candidate needs to qualify for entrance exams such as CAT, XAT, MAT, etc.
• There is no upper age limit to enroll in the course.

Why Choose an MBA in Hospital and Healthcare Management Course?

The healthcare industry around the globe is evolving and there is a constant demand for individuals who can apply their managerial and leadership skills to improve the system. Below mentioned are points regarding why one should choose MBA Healthcare and Hospital Management course:

• The course offers students to work in hospitals, clinics, labs, research institutes, education, etc.
• As per the Insider Intelligence report the global healthcare market is projected to expand $665.37 billion by 2028.
• India’s hospital sector is expected to expand at a CAGR of 18.27% by the year 2027, leading to higher demand for skilled professionals having management expertise.
• As per the BLS Report, the demand for health service managers and related job profiles will grow by 29% between 2021-31.

Also, Check: Why MBA? Top Reasons to Pursue an MBA

MBA in Hospital and Healthcare Management Admission 2023

Admission to the MBA program in hospital and healthcare management is based on merit and scores from entrance exams including the MAT, XAT, and CAT. Most colleges in India follow the steps outlined below for admission to the MBA in Hospital and Healthcare Management program:

• Step 1: Candidates need to clear the entrance exam qualifying cut-off scores.
• Step 2: As per the college selected by the student the application form needs to be filled.
• Step 3: After assessing candidates' applications they are called for the GD and PI process which has an average weightage of 30-40%.
• Step 4: After the final merit list is published selected students must complete the admissions paperwork and pay the course fees.

Read More on MBA Admission Process

MBA in Hospital and Healthcare Management Entrance Exams

Entrance exams are a common and popular means for some colleges to have a screening to decide which student must be admitted to the course. The common pattern for exams listed below includes verbal ability, logical reasoning, analytical thinking, quantitative reasoning, and subject-specific questions if required according to the specialization:

MBA in Hospital and Healthcare Management Cutoff 2023 

The entrance exam cut-off for admission to MBA Hospital and Healthcare Management differs from college to college based on the availability of the number of seats, level of competition, and exam level.

Top colleges offering MBA in Hospital and Healthcare Management like IIM Bodhgaya accept CAT scores as the selection process, while other colleges may conduct their entrance exam or consider MAT or GMAT scores. Below is a list of expected cut off for 2023 for the following entrance exams:

Top MBA in Hospital and Healthcare Management Colleges in India with Fee Details

The MBA in Hospital and Healthcare Management is offered by top management colleges and institutes offering specialized courses like Symbiosis Institute of Health and Science. The admission is subject to academic performance, prior related work experience, and entrance exam score. 

Below is a list of top colleges in India offering MBA in Hospital and Healthcare Management courses in India:

Types of MBA in Hospital and Healthcare Management Courses

The different types of MBA in Hospital and Healthcare Management courses are designed according to the different needs of an individual and eligibility requirements. The course is available for students in full-time, online, and executive learning modes. Below are the MBA in Hospital and Healthcare Management course details:

Online MBA in Hospital and Healthcare Management Course

The Online MBA in Hospital and Healthcare Management can be taken by students as a specialization in the second year. Below mentioned are details regarding online MBA Hospital and Healthcare Management:

• The course is offered by colleges like DY Patil Online University, Dr. MGR Education and Research Institute, etc.
• The course duration can be extended up to four years.
• The average course fee ranges between INR 50,000-1 LPA.

Executive MBA in Hospital and Healthcare Management Course

Executive hospital management and healthcare-related courses are provided to working professionals who want to enhance their domain knowledge and improve their compensation. Below mentioned are the Executive MBA in Hospital and Healthcare Management course details:

• Top colleges like IIM Calcutta and IIM Indore offer executive programs in healthcare management with average course fees ranging between INR 5-7 Lakh.
• The program for 2023 will start in September at IIM Calcutta.
• Individuals who are medical practitioners and administrators and have MBBS/ BAMS/BDS degrees can also apply.
• Graduates in the Biotechnology and Biomedical fields can also apply for the course.

MBA Hospital and Healthcare Management Syllabus and Subjects

The MBA in Hospital and Healthcare Management syllabus in the first year helps students understand the principles and practices of healthcare organizations. The second-year syllabus imparts knowledge about the healthcare financing model, technology integration, etc. Below are listed some of the MBA in Hospital and Healthcare Management subjects in detail:

Read More: MBA Hospital and Healthcare Management Syllabus

MBA in Hospital and Healthcare Management vs Master of Hospital Administration

MBA in Hospital and Healthcare Management focuses on managerial roles in the healthcare industry, and MHA focuses on understanding healthcare policy and laws. The table below showcases the differences between MBA in Hospital and Healthcare Management and MHA: 

Read More: MHA

Salary of an MBA in Hospital and Healthcare Management in India

MBA in Hospital and Healthcare Management graduate's average salary is INR 6.60 LPA. The salary varies depending on the experience, geography, and industry they are working in. Below are the top job profiles for MBA in Hospital and Healthcare Management graduates, along with their average salaries:

[Source: Glassdoor]

Read More: MBA in Hospital and Healthcare Management Salary

Courses After MBA Hospital and Healthcare Management

After completion of an MBA in Hospital and Healthcare Management, graduates can improve their domain knowledge by completing certification courses or higher education options in Healthcare Informatics, Quality Management, etc. Below are the courses after MBA Hospital and Healthcare Management graduate:

• PhD
• Doctor of Healthcare Administration
• EMBA in Hospital and Healthcare Management
• Certified Professional Course in Healthcare Quality
• Advanced Certification Course in Healthcare Marketing 

Career Options After MBA in Hospital and Healthcare Management Course

The MBA in Hospital and Healthcare Management graduate gets the opportunity to get employed by top government bodies like ICMR, AIIMS, and private hospitals or organizations like Max Healthcare, Cipla, etc. Below is a list of top job roles, description, recruiters, and their average salaries:

Top Recruiters for MBA in Hospital and Healthcare Management Course

The MBA in Hospital and Healthcare Management graduates are hired by government and private hospitals, research institutions, healthcare insurance companies, etc. Below are the top recruiters for MBA in Hospital and Healthcare Management graduates along with the average salary offered:

[Source: Ambition Box]

Skills to Excel as an MBA in Hospital and Healthcare Management Graduate

MBA in Hospital and Healthcare Management graduates need to have essential soft skills to excel in their fields. The following are some of the most important skills for MBA in Hospital and Healthcare Management graduates: 

• Project Management Skills: To execute healthcare initiatives graduates need to effectively manage budget allocation, team coordination, etc., to deliver the project.
• Conflict Resolution Skills: The healthcare managers directly deal with patients, staff members, and various stakeholders where per the conflict situations they are required to apply their skills to come to a common ground. 
• Empathy: The healthcare and hospital industry requires professionals to understand the depth of the problem and show their concern for the same.
• Networking Skills: The healthcare service manager needs to build professional relationships with industry experts, communities, and policymakers to work n the changes in the healthcare industry.

Students also gain experiential learning through case studies and industry-related projects, which help them enhance their leadership, problem-solving, and communication skills.

Top Management Entrance Exams

CAT

• Eligibility Criteria
• Syllabus

MAT

Exam Date: May 19, 2024

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NMAT

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GMAT

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JEMAT

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CMAT

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IBSAT

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IMUCET

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