Page 1 of 5: Y shud u do an MBA after MBBS ....

vicky5083 · Credits: 2370 My Scrapbook

Y shud u do an MBA after MBBS ....

hie

it may sound funny/wierd/dilusioned for u . as to y shud one do an MBA after an mbbs degre.

lets first look at the presnt scene where a person has just completed d mbbs degree ...
what options does he have ....
1. go for a foreign degree [usemle / PLAB / mchrc ]
2. stay in india
if he has to stay in india then he has d option of ...
1. start earning [ by doin a job somewher ... lets say he gets @5-10k initially ]
2. start a clinic ... as a family physician General Practioner
3. try for Pg [ which is highly competetive and u may even requier multiple trial, n if u go for paid seats thn its not less than 25lakhs ]

suppose u do get in for a Pg .....
then what ???
u do a residancy for 3yrs and again u come up with same quest ....
1. start earning [ job @20-30k initially ]
2. start a clinic ... as a consultant [ which may req investments more than 20lakhs minimum]
3. get better job @40k only after 3-5yr of experiance

so..... by the time u really start earning goooood money and recover frm ur loans u r already 35+

Now lets look at MBA as an option ......

if u have observed the trends in market ....... wht i feel personally is that the next BIG thing in Medical field is ..
1. Corporate hospital
2. Medical tourism

everythn these days is gettng organised sector .... example retail ..... d same is gonna be true for HOSPITALS too .... wher perple wud be awarded gr8 services at reasonble rates by d BIG players..... loook at Fortis, it recently has a picked up project [1000 crore] in Punjab to buiild a 2000 bed hospital ...... look at Appolo hospital ... it is also moving in d same segment. Though these players r in for Multispecialty segment .... stil ther rests a huge potential for d routine practice.

Even today d major mass of people go in for PVT. docters even though d govt hospital provides d services at very low rates and if Corporates gonna come in n offer d services at cheaper rates thn it gonna be a BIG bizz ...
These corporates wud requier two types of people... .First DOCTERS [with experiance min 5y... who wud be payed say @40k] and d management guys [ who wud be payed 40-50k ] and if they get DOCTER+MBA [ its a bonus to them ... ]
d scope for DOCTER+MBA wud be Management of hospital supplies/reqd of docters /Quality assurance n control / who knows d possibilites are endless .... !!!

if u go for a MBA after MBBS , these companies[ healthcare services as well as pharma companies ] wud be more than willing to give u a job.

Similarly, d possibilities of Medical torism r also immense ... stil a developing sector with huge potenstial.

Now,
as a docter [without a MBA ] ..... d possibilities of reachng higer level of mangement Or startng ur own BIG bizz or Med tourism is really really difficult .....

If u think u have d management abilites ..... DREAM BIG ... want to make it big , not only in d med field but also in d corporate world ........ u have to hav a MBA ... !!!

Many wud argue ..... as it is devaluating d Docter /medical proff if one does a MBA . he is nolonger a doc. Thats NOT TRUE..... The fact is when u do an MBA , u r simply increasing ur oportunities !!! Its not tht u r not gonna serve d pt, rather u wud be serving MUCH more pt thn u cud individually !

THINK ABOUT IT !!!!!!! and please give ur views

lazybonezzz · Credits: 54655 My Scrapbook

hi vicky,
nice 2 c ur post after such a long hiatus

well I wud like 2 tell u that a considerable no of Docs r now pursuing MBA instead of a clinical career. I think there are a no of reasons for this :
1. personal choice of pursuing a non clinical career, while sticking on in the healthcare industry.
2. better working hrs in the sense of not having 24 hr duties.
3.better renumeration , at the beggining of ur career.

However, I wud like2 point out here that doing an MBA is pretty gruelling.4 docs especially, It means acquainting urself with quantiataive subjects like Accounts, Finance. Also working hrs can be pretty long.

these were my 2 cents!waiting 2 hear from others!

vicky5083 · Credits: 2370 My Scrapbook

yeah ..... i was busy with my final mbbs prep .. started my internship recently ..

You are bang on target !!

it't true tht persuing for an MBA may not be that easy and is a Risk ..... but then for Rewards u r likely to get after an MBA r worth it ...

i think while doing mbbs ..... most of us hav started building a Tubular vision .... and even while doing our pg d things wud be same and d REWARDS we get after doing such hard work are very less.... it's a type of expoitaion of d doc and thts a frustratin for us

what i mean is...... even after doing a pg d money [coz tht d last thing tht counts] n d appreatiation [its only after few years of experiance] u get is quiet less Moreover d future is more or less monotonus in terms of doing a job [say 40k-50k]. Now if u r considering starting up ur own clinic then it reqs HUGE investment and n possibly u wud look up for partner to set up d clinic [ say 50bed ] . At the end of it u are again mainly involed in managing u r own hospital [ as a member of organizing/main committee ].

So, if u r gonna manage u r own hospital sooner or later ........ y not go for a MBA and manage bigger hospitals itself ????

As far u r contact/Rx pt is considered ..... u can devote u r med skills free of cost in treating d poor

vicky5083 · Credits: 2370 My Scrapbook

todays economic times states another artical reagarding d current emeging trends.....

another acqusition of Global hospitals by Fortune capital holding woth 250 cr. they r group of multispeciality hosp, in delhi kolkatta and hydrabad.

it also states d recent reports by Mckinsy @d healthcare sector n d fact tht docter-pt ratio as well as pt-bed ratio is much much lower [@0.86] as compared to china [@1.1 or more] and other countries !! d that ther is gr8 potential in providing Healthcare services at resonable rates !! [which is possible only if by big corporates ] n d best way to reach upto such people is via doing an MBA !!!!!!!

vicky5083 · Credits: 2370 My Scrapbook

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vicky5083 · Credits: 2370 My Scrapbook

hie ......
again back aftr a longer hiatus ........ hav been preparin for cat 2007 ... gav d cat [though did actually bell d cat

] but stil got a diffrent perpective towards doing a MBA aftr mbbs especially aftr al this MBA prep.

One thing that i realised while preparing for d MBA is .... though doc r bettr placed with regards to verbal ability & logical reasonin section, maths/quant does reqier a lot [ n i mean a looottts ] of effort or rather regular practice. three months time [ thats wht i had ] is not sufficiet to crack it [especially if u r doing ur internship] . If you hav stil doing ur internship thn u must start by may-june [ i mean serious maths practice daily ] to be able to crack it.

Also thats not all that u require ........ In addition to maths practice you should be a voracious reader [ which i suppose will not be a problem for doc ] ........ but d catch is You should read all d Gk magazine / novels / newspapers / recent trends n development / politics / sports .... et al .... in short u shd hav a basic knwoladge of a lot of subjects/field. Now being in medical .... i don't knw how much updated ur knwladge may be. ???? but better start refreshin it al and u wud hav to do it al ur life ..... through out d carrer coz u hav to be updated not only @d particular field/sector but u also need info about others.

Anothr thing that occoured to me during this period is ...... In addition to apptitute to crack d cat / MBA entrace u must also hav d ATTITUDE n TEMPRAMENT .... d ability to be a leader/enterprenure ....... to be able to convince othr of ur views .... a logical flow of thoughts n critical reasonin n extensice knowladge [not just medical but othr fields also] .... a long term visioin ......... and MOST IMPORTANT ......... "d purpose of doing a MBA " .... that my dear friend is d post difficult part which u hav to be answer to yourself as well to others ..... Do not tend to shrug off d question ... please be very clear ... first within yourself as to why u want to do a MBA ????
Ofcourse ... being frustated with medical career ... on does enjoy d initial part of study BUT keep on askin urself if u want to do this for al your life.
You may see BIG $$$$$$$ after doing a MBA [ i knw 99.9 % of u thinking to do a MBA hav this goal ] .... but also look at what u r keepin at stake. Remember you are a DOCTOR ....... and u will succeed in whatever field u enter [ coz u ver chosen among d best to become a doc ] .... so choose wisely ... if u want a MBA ..... [coz u wil lose d repute of a doc after entrin d MBA stuff ] or do u want to continue being a Doc ......

PLEASE POST YOUR VIEWS.

vicky5083 · Credits: 2370 My Scrapbook

anothr thing tht i realised was......
dont decide about doing a MBA just because u c ur engg frnds / bcom frnds do it and earn BIG $$$$$ packages. and u think MBA + MBBS wil be a BIG $$$$$ bagger . No doubt @it ...... it will but it ain't as easy as it looks like.

You see .... these corporate hospital that we talked about ..... will requier doctors ..... won't they ?? and they would pay d doc heaftly to retain d GOOD DOC .... ??? rt ?? so u could switch over diffrnt corporate hospital n in few years [say 5 yrs] time u would be earning enuf ... i suppose. Again with time YOUR personal brand value [ as a GOOD doctor] wil continue to offer u handsome returns.
Also u can opt for a MBA course much easily if have experience in d health care [ most institutes prefer candidates with experience ] So u can do a MBA after few years of experience too ......... but you cant go back to being a DOC after doin a MBA ..... REmember it !!!

So think thoroughly ...... first at your abilities as a leader n ur temprament n ablility to deal with people along with d diffenent pros / cons before ariving at a final decision.

vicky5083 · Credits: 2370 My Scrapbook

d cat results r out .....!! scored 88 %tile ..... with 3 months of prep .........

stil confused @future ......... ?????? !!!!!! ###### $%

If ny1 of u is confussed n wud like to discuss it ..... do feel free to contact me ..... n ask @nything

the_ocean · Credits: 944 My Scrapbook

wat happened to the good old idea of serving the needy...??when did the money become so much more important....

ImperfectDoc · Credits: 161 My Scrapbook

I heard some institutes offer Postal MBA degree just 2 years....
IS IT RIGHT?
If yes,will be great to do it with PG preparations...

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