MBA after MBBS: Salary, Scope, Benefits, top Specialisations, Top MBA Colleges

MBBS is among most rewarding degrees of all time. Nowadays, doctors are also exploring the field of management and career options in management without leaving their medical practice. To know more about the MBA after MBBS, salary, top exams, scope and more, scroll down.

MBA after MBBS: Benefits, Scope, Salary, Specialisations

MBA after MBBS: Master of Business Administration (MBA) is considered by many medical graduates for exploring new career options. The traditional path involves pursuing an MD or MS by clearing the NEET PG exam. However, an MBA degree provides an alternative route for medical professionals. With an MBA degree, doctors can combine their medical background, skills and knowledge with management skills. This could help them find a more stable job, a better salary and grow in the field of management in a medical setting. With an MBA after MBBS, you can explore opportunities in the fields of hospital administration, pharmaceutical management, and healthcare consulting. MBA helps doctors develop managerial skills and advance their careers without leaving their core area in the health sector. MBA admissions are taken by clearing certain management entrance exams such as CAT, MAT, XAT, SNAP, TS ICET, TANCET, etc., and these exams are relatively easier than clearing NEET PG. Scroll down to know more about MBA after MBBA degree, top exams, scope, specialisation, career options, salary and more.

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Why MBA?

Masters of Business Administration is a PG degree course offering management education. Candidates pursuing an MBA degree lead to enhance their overall business acumen. A graduate degree holder will likely consider a PG degree for career and skill advancement. An MBA tag has been known for offering a lucrative salary package along with a dream role in top organisations across globe.

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Even after lucrative job options after becoming a doctor, “Should I pursue an MBA after MBBS?” is among the trending queries for doctors. Financial freedom is never an issue after completing MBBS degree as doctors in India earn fairly well if compared with other professionals. However, MBBS professionals may face issues with long work hours and unpredictable schedules. AN MBA after an MBBS salary may satisfy needs of a candidate without transitioning completely from career path.

Also Read: Can one study MBA after doing MBBS

Types of MBA Courses after MBBS

An MBA degree is offered in different modes of education. Whether or not a candidate has MBBS degree, different types of MBA degrees remain same. Check MBA course types that can be considered after completing MBBS:

• Full-time MBA
• Part-time MBA
• Correspondence MBA/ Distance MBA
• Executive MBA
• Online MBA

Some opt for a full-time MBA, while some opt for a part-time MBA course. MBA courses mentioned above can be offered with different specialisations. Candidates must choose an MBA specialisation based on desired field for career advancement.

Also Read: What is the difference between MBA & PGDM?

Best MBA Specialisations after MBBS

An MBBS graduate can consider a specialisation where his/her past education can come into play. MBA in Healthcare Management is among the top specialisations considered by MBBS degree holders.

Some MBA specialisations to choose after MBBS are as follows;

1. Healthcare Management
2. Hospital Administration
3. Medical Informatics
4. Medical Administration
5. Public Health
6. Pharmaceutical Management
7. Healthcare Consulting

The best MBA specialisation can vary based on interests and career goals. One must gresearch and talk to other professionals who went for MBA after MBBS to know more about this career path.

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Popular MBA Entrance Exams

MBA admission after MBBS or any other bachelor’s course is based on the marks secured by candidates in an MBA entrance exam. Almost all MBA courses are offered based on the MBA exam scores along with other elements for selection. The space below mentions top MBA entrance exams with colleges accepting the exam scores:

Benefits of an MBA after MBBS

Students have to choose a stream among Science, Commerce, or Arts. Science is broadly divided into PCB and PCM. To get an MBBS admission, one must have completed Class 12 education with PCB. Students at such a young age aren’t well aware of what the career will be like. MBA after MBBS helps one to change his/her career field. With endless specialisations, candidates may choose an MBA course which is closely related to what was taught during MBBS.

The space below mentions more benefits of MBA after MBBS:

• Improved Career Prospects
• Skill Enhancement
• More Opportunities
• Personal Growth
• Better Pay

An MBA is a great option if you are a doctor and looking to further advance your career. It can help you develop the skills and knowledge you need to succeed in the healthcare industry.

MBA after MBBS: Scope

With every other person having an MBA degree, the business administration degree has become a new normal. Earlier, MBBS or engineering was the go-to bachelor’s course as parents wanted their ward to be an engineer or a doctor. With the change in trend, people are having an inclination towards entrepreneurship.

Also Read: Career After PGDM: Job Opportunities, Salary and Scope

Career Fields After MBBS

Candidates can choose to pursue MBA after MBBS if they have a specific career in mind. Check some career options available once you do MBA after MBBS:

• Entrepreneur
• Health Insurance Executive
• Hospital Administrator
• Medical Technology Executive
• Healthcare Consultant

Also Read: Which is Better- MBA after Graduation or Work Experience?

MBA after MBBS: Salary

The salary package offered by top MBA colleges in India spills the worth of an MBA degree. B-schools across India do not release the MBA placement statistics specific to MBBS graduates completing the MBA degree. The table below mentions the highest international and domestic CTCs offered by IIMs in India:

Candidates looking for a master's degree after MBBS can also consider Master of Hospital Administration (MHA). Top medical colleges in India offer MHA admission to bachelor's degree holders.

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