Hospital Administration: A New Career Avenue for the MBA Graduates
There will be a decision point in every one’s life. It may be related to the subject, program, place, financial support or job. The decision point is usually at the time of admission or after getting the waited result. In our country most of the career guidance programs are structured around these decision making processes and we talk most about the professional courses after the higher secondary. There are number of programs are conducted for the college pass outs also.
The confusion and anxiety in the minds of a school leaving student and in the college pass out are in the same level. Both groups are searching for a platform that offers career growth and success. Somebody has to choose a desired educational program and other group to choose a promising career. Even though the dilemmas are same for both groups the nation is giving priority to the plus two holders rather than the graduates.
Probably a Graduate thinks that the options available to them are less when compared to that of the higher secondary pass outs. You can either go for the Master’s program or for some professional courses or you can end-up with a job.
When we are talking about the graduate’s options, we can’t forget about the Masters Program in Business Administration, MBA. Though it is not a new stream, the course still has lot of opportunities in the context of world order.
As the time frame changes the expectation from the business graduates changes tremendously and the Executive and managerial jobs become much more challenging than from the past years. The opportunity for business graduates can be seen in every field and many more sectors have emerged with massive growth offering for the new entrepreneurs. So it is an obvious thing that the curriculum for making the future CEOs should change. A new management course which is gaining popularity is health care management.
Health Care: An Industry Overview
In a country like India having 1.2 billion inhabitants the health care industry gets its priority. The estimates show that the industry is worth around $14 billion and the prospect of growth in the sector is higher. The industry growth boosted up with the new research finding that in the coming few more years we are not going to face any shortage in epidemic and new and new diseases.
The Ministry of Heath care and Family welfare in India identified the importance of the health care sector and promoting larger investment in this field. We can’t go with the public participation alone in the sector, so the industry as a whole is run with the help of private participation. Recent years the nation witnessed a large number of foreign investments in the various activities of the sector. With the growing populace of our country we need effective management so as to keep a balance between the differed social sectors. This opens the door for the Management graduates to have a successful career path.
Health Care Management and Hospital Administration
Quality is of utmost importance in this sector. Here the sector needs the help of the skilled and efficient professionals. These people should be well trained to all the aspects of the industry as well as the external happenings which affect the sector.
Health care management and hospital administration is a key to make the industry specific professionals. It can be considered as the new generation program in the conventional MBA system, which can consider anarts as well as a science program. The course offers a mammoth career opportunity for the aspirants who are looking for jobs in the Heath care domain. In India there are number colleges offering this program for the MBA aspirants.
Apollo Institute of Hospital, Administration Nizams Institute of Medical Science etc. are the prominent institutes offering this program. Since the available seats are comparatively less, the competition at the entrance level is a little tough for the aspirants. But when you look at the opportunities available in this stream, a little effort upfront for meeting the competition can be negligible. As the industrial demand is high the professionals are in demand and a high pay package is offered to the professionals.
As a student when you are listing out the courses and future career prospect, these points will help you to make a decision. If you are MBA aspirants this is not a world for the conventional Marketing, Finance or HR. These conventional systems are not more attractive for the Masters in the Business administration. Also the pay package of such conventional streams can never satisfy the lifestyle of the MBA youth. After all we all are working for money too and why we need to adjust if we can have a better choice….
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