According to my point of view, choosing a course to advance your career with an MBA degree in healthcare administration is a daunting task. You may be overwhelmed as you are passionate about being in a leadership position in healthcare. With an MBA Degree in Healthcare Administration or MBA healthcare management, it can be challenging for you because each program covers essential hard and soft skills that healthcare managers need.
MBA in Healthcare Management from IAO, NSDC, Brit Qualis & IAF accredited CliniLaunch in affiliation with Bangalore University focuses on mentoring you with all the essential skills you need with this comprehensive degree program. CliniLaunch shifted its focus towards management courses in 2024 and will guide you to become a leader in the healthcare management domain.
In this blog post, you will delve deeper into the influence of an MBA degree with dual specialization, the significance of choosing a postgraduate diploma program, and how the combination of courses will help you advance your career.
Visit here to join the MBA Healthcare Management Program.
What influences professionals for this MBA degree in Healthcare Administration?
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An MBA degree in healthcare management is a discipline that teaches us to operate with administration, coordination, and planning based on the facilities, resources, and services. As it is the most crucial part of healthcare services, professionals with an MBA in hospital management must ensure the efficient and smooth running of clinics, hospital operations, and medical institutions. Advanced career opportunities are one of the most significant factors for healthcare management professionals to dive into.
Economic Times reported a 12.59% growth rate of the healthcare sector in India in 2024-25. The Healthcare industry has grown rapidly over the past few years and is now a major sector in the economy both in terms of employment and revenue. Including executive management positions in the healthcare sector, this sector offers hospital CEO and administrative roles, such as clinical administrator, nursing home manager, and health services manager.
Education in healthcare management is a relatively new concept in India but is emerging and gaining popularity rapidly. With this fast-paced healthcare sector, McKinsey & Company reported expecting a bend in medical cost trends enabling data-driven decision-making with a compound annual growth rate of 7% to 9% EBITDA. Success in the field of healthcare depends upon many factors yet the demand of healthcare management professionals is the most important one.
Therefore, the professional seeking opportunities to become a pioneer of healthcare management can move ahead with this MBA degree in healthcare administration offered by CliniLaunch.
Career with MBA degree in healthcare administration
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Due to the growing demand for expert healthcare managers, the industry consistently seeks MBA graduates. The graduates with an MBA in Hospital Management will be provided with a wide range of career opportunities from government agencies to multinational company jobs post-course completion. Considering it is the highest paying and most rewarding profession, the salary of the healthcare management consultant will be approximately ₹5 to ₹ 6 LPA.
Masters of business administration in healthcare management holders have bright careers including various roles. Let’s explore why you should choose an MBA in hospital administration as your career.
Fastest growing Industry
Recently, International Trade Admission reported that the healthcare industry is expected to reach $610 bn by 2026. The rapid growth in the Indian healthcare industry market size is specifically due to the need for specialized high-quality healthcare facilities. It is also recognized that products and services driving this market are clinical trials, hospitals, health insurance, medical devices, medical and diagnostic equipment, medical tourism, and telemedicine.
With this estimation, CliniLaunch believes that skilled healthcare professionals can position themselves as administrator or manager in government agencies or MNCs to manage costs, resources, and manpower. Therefore, enrolling in an MBA in Healthcare Management program is a sustainable way to quickly start a career in the healthcare industry.
See also MBA Health Management: Beyond Opportunities in 2024
Stand out in the crowd
The U.S. Bureau of Labor Statistics (BLS) reported a 28% growth in the number of medical and health services managers from 2022 to 2032 concerning all occupations. Earning an MBA degree in healthcare administration will help you gain business acumen & management ideas, techniques, and theories of medical establishment including the case. Getting the edge over your competitors will enable you to stand out among leaders and peers.
Holistic Growth and Advancement
The advancements and growth in technological aspects of healthcare, enable seamless and streamlined healthcare operations. The main aim of this holistic growth and advancement is to improve outcomes, increase efficiency, and reduce costs. As a healthcare management professional, you will be in a better position to amp up your ability in dealing with various aspects including diversity, ethics, and cultural differences. It will assure you of holistic career growth where you can deliver improved quality care.
Promotions and Financial Rewards
According to a report, the average annual salary of freshers with MBA degrees in healthcare management is approximately ₹5 lakhs. As you gain more skills and experience, it may go up to ₹20 lakhs per annum. In general, MBA degree courses are known to lead to higher compensation, and a specialization can increase your earning potential even more. Based on the research from AMBA (Association of MBAs), 94% of MBA graduates see themselves operating at a senior level of management within the next five years. However, in terms of promotions, more than a fifth of MBA in hospital administration graduates see themselves running their organization.
See also MBA Healthcare Management: An Astounding Degree to Pursue in 2024
3x the benefits by joining the right program
Designed by Karthik C (Graphic Designer at CliniLaunch)
Join the full-time MBA in healthcare management with the flexibility to attend offline classes twice a week. Never before, has a program that gives you the flexibility to attain a regular degree with weekend classes. Enhance your expertise with IAO, NSDC, and LSSSDC-accredited CliniLaunch’s postgraduate diploma programs. Offering MBA healthcare management in affiliation with A++ NAAC Accredited Bangalore University, you can benefit 3 times with CliniLaunch courses:
- Pursue an MBA in Healthcare Management
- Choose Second Specialization
- (Marketing, Business Analytics, Logistics & Supply Chain Management)
- Add PG Diploma Program
- (Clinical Research or AI & ML in Healthcare)
- Get Internship Opportunities
See also Top 5 Reasons to Pursue MBA in Healthcare Management Dual Specialization.
This MBA degree in healthcare administration allows you to reap the benefits of earning an MBA credential while maintaining your career and position. You do not need to forgo income or professional opportunities. It significantly helps you with 7 Key Strategies to Balanced Work-Life with an MBA in Healthcare Management.
By enrolling for an MBA degree in healthcare administration, CliniLaunch can help you accelerate with in-demand skills by applying strategies to real-world case scenarios. All the courses offered by industry-experienced professionals help you turn theory into practical pursuits.
To Sum Up
The MBA Course offered by CliniLaunch presents a unique blend of opportunities to advance your career in the healthcare industry. While focusing on dual specialization and a postgraduate diploma program, this MBA healthcare management program provides a comprehensive education to help you drive essential skills and knowledge.
By enrolling in CliniLaunch’s MBA dual specialization program, you can 3x multiply the benefits of a flexible learning format and industry-relevant curriculum, and the opportunity to gain valuable experience through internships. With the increase in demand for healthcare management professionals coupled with the rapid growth in the sector, this time is best to pursue an MBA Degree in Healthcare Administration.
