Is it good to make a career in health care management?

Asked by Shivangi Sahu about 2 years ago

Answers 1
Ajay Tewani

Ajay Tewani

Investment Analyst at IFC - World Bank Group | IIM Ahmedabad | CA | CFA Level III

Healthcare management is a subject that is good & beneficial. You have more than enough, even if you aren't an expert but familiar with the concepts. As a healthcare manager, first, you earn more. Second, you get to work anywhere globally and third, more jobs in the market. Even average healthcare offices are implementing managerial experts to function correctly.

As per the U.S. Bureau of Labor Statistics, employment of medical and health services managers is projected to grow 32% from 2020 to 2030, much faster than the average for all occupations. This is just a glimpse of many relevant careers you can get in healthcare management. Pursuing a career in healthcare management also avails top-level executive jobs. Earnings and work stress can be significantly modified if you work your way up.

If you are more concerned about how lucrative this sector is, here are some points for you. An average medical & health service manager can earn more than 50 lakhs per year. This number can go above 75 lakhs annual average pay in a country like the USA. You are all set with healthcare management in terms of earning and career options.

Medical and health services managers are responsible for planning, directing, and coordinating business and management activities. These roles can be required in organizations, offices, clinics and healthcare providers because all of the mentioned responsibilities are carried out more and more after many developments in the health sector. Not to forget the global pandemic (COVID-19).

After the global pandemic, the clinics and health services have increased. The countries that are not much affected by this are taking precautions. All these operations going on a big scale needs healthcare managers to simulate all functions efficiently. Also, healthcare and IT are the most growing fields in the international market. You are more secure with this profession than any other. And do not forget that healthcare is now very much integrated with technology. This allows even more careers.

To get a promising career in healthcare management, you first need a good education. A healthcare management master's abroad can be the easiest way. Let me know if you want some guidance on this topic. It will be easier to find suitable options for you by evaluating your profile.


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