MBA after MBBS: Benefits, Scope, Salary, Colleges
An MBA after MBBS is gaining popularity among medical students, offering opportunities in hospital management, medico-management, and pharmaceutical management. This combination appeals to doctors seeking managerial skills for their practice or venturing into interdisciplinary careers. It is an ideal choice for those inclined towards entrepreneurship, clinic management, and various specializations in healthcare administration. Pursuing an MBA provides a broader scope and opens avenues for top executive positions in the medical industry.
Benefits of MBA after MBBS include expanded work opportunities, salary enhancement, entrepreneurial skills development, leadership opportunities, and avoiding additional medical entrance exams. The increasing number of healthcare centers creates more opportunities in hospital administration and management, allowing for exploration of prospects in healthcare management. An MBA in Hospital Management significantly boosts earnings compared to an MBBS degree, with an average annual salary of INR 660,000.
Entrepreneurial skills development is another benefit of MBA after MBBS. Pursuing an MBA from renowned institutions like IIM provides a platform for enhancing entrepreneurial skills, enabling graduates to stand out and influence the healthcare industry. MBA after MBBS empowers individuals to take leadership roles, allowing them to lead and manage hospitals, providing exceptional services to patients.
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The admission process for MBA after MBBS in India includes applying through entrance exams like CAT, MAT, XAT, followed by a personal interview. The average structure of MBA after MBBS fees in India ranges between ?60,000 to ?8,00,000.
Top 10 MBA after MBBS colleges in India include Lovely Professional University, International Institute of Health Management Research (IIHMR), Hindustan Institute of Technology and Science, DY Patil University’s School of Management, Sankriti University, Galgotias University School of Business, Scientific Bio-Minds (SBM), Gandhi Institute of Technology and Management (GITAM), Teerthanker Mahaveer Institute of Management and Technology (TMIMT), and Ramathiram Institute of Management.
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