Which is better, an MBA in healthcare management or an MSc in healthcare management? Why?

2 Mins read

Amid the coronavirus pandemic, we have become more aware of the role played by healthcare professionals. Their efficiency in handling cases of the pandemic was evident in their managerial skills. Today, healthcare is among the fastest-growing sectors, but have you ever thought about the courses that made them a leader in the healthcare sector. If no, then this blog is written just for you. Courses in MSc healthcare management will give you an insight into the world of the healthcare sector. Many students get confused between a Master of Business Administration (MBA) in healthcare management and a Master of Science (MSc) in healthcare management. Here, we will list the differences between the two and explain why MSc in healthcare management a better career option is.

What MBA in healthcare management refers to?

Master of Business Administration (MBA) in healthcare management is a two-year degree programme exclusively focusing on the healthcare domain. Graduates having a minimum of 50 per cent in any discipline of bachelor’s programme can apply for this course. Like other MBA programmes, you have to crack the entrance exams like the Graduate Management Admission Test (GMAT) or Graduate Record Examinations (GRE) to secure healthcare management admission. 

Positions offered: Healthcare Manager, Medical Practise Manager, Hospital Administrator, and even more.

What does MSc in healthcare management entail?

Master of Science (MSc) in healthcare management is traditionally a two-year programme specialising in the healthcare domain. However, it depends upon the universities as a few of them have an 18-month duration programme also.  A graduate from the science stream with a bachelor’s degree in a relevant discipline can secure admission in this programme. The bachelor’s degree must be of three-year duration, and from a reputed college or institution will be preferred. Along with a bachelor’s degree, a student needs to have proficiency in the English language. A minimum of 6.0 points are required in IELTS or a minimum score of 50 in the PTE exam to qualify for an MSc in universities’ healthcare management programme. 

Positions offered: Blood Bank Administrator, Practise Manager, Hospital Administrator, Clinical Research Manager, and Human Resource (HR) Recruiter, among others.

Why MSc in healthcare management is a better career option?

During the lockdown, employees from various backgrounds were laid off. Many industries did not even spare the jobs of employees from the business background. On the other hand, the demand for MSc graduates in the healthcare sector was skyrocketing during the COVID-19 pandemic. Therefore, MSc graduates are in huge demand every time. Let’s take a quick look at its benefits:

Better Return on Investment (RoI) in MSc: The average salary you will receive after completing the course is 50,000 EUR while it will cost you around 12,000 EUR to pursue this programme. A better RoI, if you obtain this degree. 

Becoming subject matter specialist: MSc in healthcare management provides expertise to managers of the healthcare domain. Thus, you will gain in-depth knowledge in this subject.

Understanding the operations part of the business: While pursuing this course, you will learn the health sector’s business modules. The essential leadership quality and efficient decision-making skills will help you to excel in the healthcare sector.

If you are ready to handle a managerial position in the health sector, you must pursue MSc in healthcare management from universities in Berlin to kick start your career.