What are the salary packages after pursing an mbbs+mba anywhere in the world?
Asked by Rohit Rai about 1 year ago
A master in business administration paired with a Bachelor of Medicine and a Bachelor of Surgery is undoubtedly something interesting. Because of healthcare growth in all countries, it is more sensible now to work in this area. However, you did not specify any specialization of MBA, so I assume you need a general answer.
To start, I can assure you that this combination is better than most other options like MBA with a BCA, MEng, MFA etc. Every country is on high alert since the global pandemic took us all by surprise. Now every certified organization must have some kind of healthcare plan. An MBA done after MBBS will give you access to the healthcare business industry and, second, allow you to work in different locations because your MBA will be recognized more than any other degree in the world.
This makes it a better possibility to earn. In India, you can earn around 10-15 lakhs annually with this combination. However, it depends on the job professionally. This number is not as significant as in foreign countries. Famous for their health care sector, countries like the USA, UK, Australia, and Canada are way more lucrative. For example, in the USA, an MBA graduate with a healthcare specialization earns more than $80,000 (around 60 lakh) on average. And according to the U.S. News & World Report, this number goes up to $120,000 (around 92 lakh) for best-ranked MBAs.
The UK, however, is much better than the USA in this situation. The best healthcare MBAs are available in the UK. The specialized areas like medicine, physiotherapy, biology etc., are also in the best condition there. An MBA healthcare professional with experience in the UK earns around £90,000-£100,000 (approx 90-100 lakhs) per year. And if that is not enough, small domestic businesses like clinics are also well paid in the country.
For an average medical and health services manager, these numbers go around 40-60 lakhs in Australia and Canada. Do not forget that getting a certificate to practice in healthcare is much easier in Australia. So choosing Australia is not a bad option. On the other hand, Canada is more friendly to international students. Also, the visa process there is more straightforward than in other countries, with fewer steps and not much demand for immigration.
This is all good, but the salary packages differ for every job role. Some specific positions can do more than managerial roles in the healthcare business. While the combination is good, I suggest you know about these MBAs beforehand. Let me know if you need any help with that.
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