Choosing a career pathway that helps meet your professional aspirations besides giving you a job satisfaction can be a tedious affair. A major life decision no doubt, everyone has his or her own reasons for wanting to choose a particular career. Some do it for monetary reasons, some because they have been told they are good at a particular activity and some to be with friends.
If you are a graduate who is presently undecided on which path to choose you may want to consider pursuing an MBA in Hospital & Healthcare Management. There are numerous practical reasons why this career is your best option. Besides giving you an opportunity to be successful in the recession proof healthcare industry the MBA-HHM will help build a solid foundation to give your career flight the boost it needs.
Not convinced? Well here are some reasons why you should consider an MBA in Hospital and Healthcare Management.
1. Rapidly growing Healthcare Sector with rewarding growth opportunities: According to industry estimates, the Indian health care industry, which was valued at $79 billion in 2012, is growing at around 15-17 per cent every year. Private equity (PE) investors are bullish on the largely under-penetrated health care industry, which offers high growth opportunities for investors, companies and therefore individuals associated with the sector.
2. Multiple avenues across a variety of sub verticals: A recent study by the Ernst & Young and KPMG states that in the next twenty years to come, India will have to add up at least 1 lakh beds each year in order to meet the needs of the healthcare industry. Further, it is estimated that every bed will account for about five direct and twenty five indirect job opportunities in the healthcare sector. Not just hospitals and clinics but Healthcare management professionals can explore Insurance , IT, Pharma , Medical Devices, Public Health, Medical Tourism, and Consulting sub verticals for multi-disciplinary growth prospects.
3. Social Contribution: Depending on the sub vertical you select, a career in hospital / healthcare has the potential to put you in the decision making role affecting the lives of hundreds of patients. Your contributions could go a long way in promoting community health, occupational health thereby impacting not just the local social scene but also the potential to touch thousands of lives nationally and possibly internationally as well!
4. Personal Satisfaction – Knowing for a fact that your professional contributions have positively impacted health and lives of so many individuals out there has its own joys of personal pride and satisfaction.
While monetary compensation is an important aspect of the story don’t make it the whole story. If you are not entirely satisfied with what you do every day, you will burn out sooner than later. Irrespective of what path you chose, ensure you spend some time mulling over your priorities in life, your personal sill inventory and then consider your options to make a decision with the best information that is available to you.
Dr. Neeta P. Bhatia,
Consultant
Symbiosis Institute of Health Sciences
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