Considering an MBA in healthcare management? The expanding healthcare system has led to specialized MBA programs abroad.
The two-year program focuses on hospital administration, providing international students with a comprehensive understanding of healthcare dynamics. Among various hospitality management courses, the MBA in hospital management is highly sought after. In the first year, students cover broad management subjects, followed by specialized topics in the second year.
Utilize Yocket Premium services to explore, shortlist, and apply to overseas universities. Check out our guide for information on the top places to study healthcare management MBAs, including costs, scholarships, and program scope.
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Why Study an MBA in Hospital Management Abroad?
Essentially, a hospital management degree is an area of study where leadership, administration, finances, hospitality, management, and healthcare services all work together. Pursuing an MBA in healthcare management overseas has the following advantages:
- Excellent job opportunities exist for those who wish to work abroad, including employment with health insurance firms, renowned hospitals, international healthcare organizations, pharmaceutical businesses, and many more.
- Qualified managers can start their own private hospitals, rehab facilities, consulting firms, and nursing homes.
- Studying for an MBA in hospital administration internationally is beneficial since it enables students to acquire all the skills necessary to work in the public or private sectors.
- After completing their MBA in hospital administration, recent graduates may start working as assistant administrators, consultants, or deputy hospital managers.
- Professionals can also operate as independent consultants. Additionally, employment is conceivable in any sector that provides general or precise medical/health services.
Best Colleges for MBA in Healthcare Management in the World
Having discovered the advantages of pursuing an MBA in healthcare management, we will unveil the top institutes and countries to pursue the same!
Hospital management and administration have a broad spectrum of scope worldwide. Students pursuing it are prepared in economics, healthcare values, decision-making, and healthcare administration techniques. Although the USA is the greatest country for healthcare management MBA programs, some other well-liked nations and universities abroad include:
|
Hospital Management University Abroad |
Location |
|
American Business School |
Paris, France |
|
Basel, Switzerland |
|
|
Coleman University |
San Diego, USA |
|
High Point University |
Highpoint, USA |
|
Berlin, Germany |
|
|
Calgary, Canada |
|
|
Bayreuth, Germany |
|
|
Westford University College |
Dubai, UAE |
|
Potsdam, USA |
|
|
Burwood, Australia |
Also see: How To Choose The Right MBA Program?
Eligibility Criteria and Admission Requirements for MBA in Hospital Management Colleges Abroad
Globally, many top colleges are offering an MBA in healthcare management, but each has its requirements to take admissions efficiently. So in this bit, we will discuss the common eligibilities and requirements specified by universities for international students. They are:
- Bachelor’s Degree
- Work Experience
- English Language Proficiency Score
- Entrance Exams
- Student Visa
Let’s discuss each of these prerequisites in detail:
-
A Bachelor's Degree
With a cumulative GPA of 50% or more, students with a graduation degree in any field - B. Pharm., BE, B. Tech., B.Sc., etc can enroll in the four-semester MBA program in healthcare management abroad.
-
Employment History
Students who wish to enroll in an MBA program in hospital management must have two to three years of relevant job experience.
Also see: MBA Without Work Experience Abroad
-
English Language Proficiency Score
International students enrolled in study abroad programs must take the TOEFL, IELTS, or other mandatory English language competence exam. A minimum TOEFL score of 87 and an IELTS score of 7.5 are needed for admission to prestigious international universities.
-
Entrance Tests
To be admitted to the best MBA programs at hospital management institutes abroad, students must pass any applicable MBA entrance examinations, such as the MAT, CAT, XAT, ATMA, SNAP, and CMAT.
-
Student Visa
Only students who have verified their enrollment at an officially recognized university for a predetermined amount of time are eligible for a student visa. Each country will have its specific terms and types of visas for students, but non-immigrant study visas may be required.
Also see: Find All About MBA Abroad Eligibility
Apart from this, any additional mandatory requirements listed by the university need to be met too!
Additional Documents Required for MBA in Hospital Management Abroad
Students must retain all relevant documentation when applying for admission to an MBA program in hospital management and submit it to be admitted:
- Academic Transcripts
- Work Experience Documents (If applicable)
- Birth Certificate
- Entrance Exam Scorecard
- Updated Resume
- Domicile Proof
- SOP
- LOR
- Passport Size Photographs
- GRE Score (optional)
- Valid Passport
Also see: How To Write an SOP for MBA Abroad
Cost of Studying MBA Hospital Management Abroad
An MBA in hospital management overseas can include an array of scopes, depending on the university and the country. Tuition and living expenses while studying for an MBA in hospital administration are usually included in the cost of the program.
-
Hospital Management Tuition Fees Abroad
The following are the costs of tuition for the hospital management MBA program:
|
MBA in Hospital Management Abroad |
Average Tuition Fees (Year) |
|
USA |
USD 12,740 - 55,890 (INR 10,59,750 - 46,49,110) |
|
Canada |
CAD 40,000 - 100,000 (INR 24,86,220 - 62,15,540) |
|
Australia |
AUD 40,000 - 60,000 (INR 22,36,790 - 33,55,190) |
|
Germany |
EUR 30,000 - 50,000 (INR 27,27,790 - 45,46,320) |
|
France |
EUR 40,000 (INR 36,37,050) |
|
Switzerland |
CHF 30,000 - 85,000 (INR 28,79,790 - 81,59,400) |
|
Dubai |
AED 1,55,860 (35,29,950) |
|
United Kingdom |
EUR 10,000 - 40,000 (INR 9,09,560 - 36,38,240) |
-
Cost of Living in Abroad Countries
The sort of housing you choose to reside in determines the cost of living in other countries. The monthly cost of rent and utilities for a student is summarized in the table below:
|
Country |
Monthly Rent Cost |
Monthly Utilities Cost |
|
Germany |
EUR 248 - 785 (INR 22,560 - 71,400) |
EUR 130 (INR 11,820) |
|
France |
EUR 236 - 540 (INR 21,460 - 49,120) |
EUR 83 (INR 7,550) |
|
Australia |
AUD 273 - 864 (INR 15,270 - 48,330) |
AUD 133 (INR 7,440) |
|
USA |
EUR 500 - 3,500 (INR 45,470 - 3,18,330) |
EUR 185 (INR 16,830) |
|
UK |
GBP 719 - 855 (INR 75,790 - 90,130) |
GBP 131 (INR 13,809) |
|
Canada |
CAD 190 - 531 (INR 11,810 - 33,000) |
CAD 129 (INR 8,020) |
Also see:
Scholarships to Study MBA in Hospital Management Abroad
Worldwide, numerous academic institutions provide MBA scholarships to international students wishing to study an MBA program in hospital administration. Some of them include:
|
Scholarship Name |
Eligibility Criteria |
Benefits |
|
Global Study Awards |
A merit-based scholarship goes to 2 students for each academic year. Students are required to display a solid promise to develop their careers. |
The maximum individual award is GBP 10,000 (INR 10,53,840) |
|
Central Sector Scheme of National Overseas Scholarship |
This scholarship provides financial help to selected students pursuing their master’s program abroad from accredited universities. |
The maximum scholarship per student is USD 33,800 (INR 28,11,430). |
|
Go Clean Scholarship |
Students planning to pursue an MBA are eligible to apply for the Go Clean Scholarship. For students to win this merit-based scholarship, they must write an essay on “How to keep the environment green and clean.” |
Value of USD 3,500 (INR 2,91,120) |
|
The Financial Sumo Educational Scholarship Program |
This need-based scholarship is valid for students pursuing their MBA. This scholarship applies to all students who want to pursue an MBA in Germany; this scholarship is granted to a single deserving student every academic year. |
The value of the scholarship is USD 1,000 (INR 83,180) |
Also see: Know All About MBA Scholarships Abroad
Salary of MBA in Hospital Management Abroad
With a vast and constantly expanding employment scope, an MBA in hospital administration abroad is highly sought after due to the rapid expansion of the healthcare industry in tandem with population growth. Here is a list of some of the well-liked career paths available to course graduates who succeed:
|
Job Positions |
Average Annual Salary in INR |
|
Hospital Manager |
4 Lakhs |
|
Medical Director |
7.5 Lakhs |
|
Chief Nursing Officer |
5 Lakhs |
|
Pharmaceutical Production Manager |
2.6 Lakhs |
From the Desk of Yocket
So, that was all about acquiring an MBA in healthcare management. Indeed, it's a unique course. Studying abroad will enable foreign students to categorize global healthcare system processes into comparable and dissimilar categories. Students who acquire this global perspective will be ready to start working practically anywhere globally. The universities that offer an MBA in healthcare management are many, and the salaries earned by graduates in this field are decent.
Get in touch with our Yocket professionals to learn more about the most sought-after MBA programs worldwide. Get start-to-finish assistance on everything involved in flying to your dream country and studying at your dream university.
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