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Medical doctors who also hold a Master’s in Business Administration (MBA) are usually able to make more money than those who do not have it. Thus, an individual who is Googling, “Can I do an MBA after my MBBS?” would be making the right decision because the answer is yes!
Completing an MBA after doing an MBBS is an ideal way for physicians to open up further opportunities, and increase their potential earnings. They can also then transition into administrative posts within establishments that offer health services, pharmaceutical manufacturing companies or hospitals.
This article will discuss what an MBA after an MBBS entails, its advantages, expected pay packages and the most popular specialization areas.
Scope of an MBA after MBBS
An MBA after MBBS equips physicians with different opportunities in healthcare management that involve leading and managing. Doctors can also get into other areas of healthcare after their MBBS through an MBA, such as the following:
- Hospital administration: Oversee hospital activities, improve patient care methods, and ensure adherence to set laws.
- Healthcare consulting: Develop healthcare strategies for hospitals, drug makers and healthcare systems run by governments.
- Pharmaceutical management: Supervise marketing, sales, and operations strategies for drugs in the pharmaceutical product industry.
- Health informatics: Use technology designed healthcare solutions that can enhance patient outcomes.
- Entrepreneurship: Begin their own private clinics or health tech ventures and manage them. There is now a high demand for doctors with business and management skills.
Also read: Which MBA is best for the pharma industry?
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View All CoursesBenefits of pursuing an MBA after MBBS
There are several advantages associated with transitioning from medicine into management through an MBA after MBBS:
1. Increased career opportunities
An MBA program following MBBS enables doctors to acquire administrative and leader-making aptitudes essential for securing top positions in hospitals, drug manufacturers’ cooperations, and public sectors that deal with health.
2. Higher salary potential
MBA graduates’ earnings widely range depending on the sector of operation as well as job title. However, those engaged in administrative activities in hospitals, health care advisory service provision, and pharmaceutical management might make anything between INR 15 LPA and INR 50 LPA, which is far more than what a general practitioner takes home. Thus, an MBA after MBBS salary is pretty lucrative.
3. Broader skill set
Physicians get trained in financial matters, marketing techniques, and operational leadership skills, making them around healthcare system managers who can run the institutions profitably.
4. Networking and career growth
The MBA programs offer exposure to industry experts, alumni networks, and global healthcare leaders, thus facilitating career growth trajectories and entrepreneurial ventures.
Top MBA specializations for doctors
Choosing the right MBA specialisation ensures that your career aligns with your medical background. Some of them are:
- MBA in Healthcare Management – Focuses on hospital and healthcare administration.
- MBA in Pharmaceutical Management – Prepares professionals for leadership roles in pharma companies.
- MBA in Health Informatics – Integrates technology with healthcare management.
- MBA in Public Health Administration – Involves policymaking and public healthcare management.
- MBA in Finance & Hospital Management – Helps doctors manage the financial aspects of hospitals and clinics.
MBA after MBBS salary prospects
Here is a bracketed format of what the possible MBA after MBBS salary is:
- Entry-level (0-3 years) – INR 10-15 LPA
- Mid-level (3-7 years) – INR 20-30 LPA
- Senior-level (10+ years) – INR 40-50 LPA+
These Glassdoor figures can vary depending on the specific industry and the individual’s experience. Doctors who decide to go into entrepreneurship related to healthcare or prefer consulting can earn more. This can sometimes be above INR 1 crore each year through successful healthcare start-ups or consultancy companies.
Pursuing an online MBA in healthcare management
An online MBA in Healthcare Management is a flexible and convenient option for doctors looking to continue working without taking time off. Instead of conventional MBAs, Online Manipal can be seen as a better alternative because it closely links with various institutions such as Manipal Academy of Higher Education (MAHE), Manipal University Jaipur (MUJ) and Sikkim Manipal University (SMU).
Key highlights of the program:
- Strategic healthcare planning
- Financial management in hospitals
- Hospital infrastructure planning
- Real-world case studies and practical learning
Additionally, the program is UGC-entitled and allows for 100% online studies with a flexible learning schedule.
For working professionals desiring a quality yet flexible MBA, MAHE’s online MBA in Healthcare Management program will enable them to upskill without interfering with their current jobs.
The bottom line
Physicians looking forward to stepping up in their careers — into leadership positions with hospitals or starting businesses — should consider pursuing MBAs after their initial medical degrees. Doing so increases the chances of making more money than when one practices clinical medicine only.
For MBBS professionals seeking a flexible yet high-quality MBA, an online MBA in Healthcare Management from MAHE or SMU’s online dual specialization MBA with healthcare can be really lucrative. Explore these programs today and take the next step towards a rewarding career in healthcare management!
Checkout different MBA specializations
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