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The Healthcare industry is on the boom, as it has grown from $7,499.75 Billion in 2022 to $7,975.87 Billion in 2023. So do the opportunities for healthcare professionals.
Are you also planning to pursue an MBA degree in the healthcare sector?
Fair choice !!
Owning an MBA degree allows you to boost your career in many ways. You can either pursue an MBA specializing in healthcare management or healthcare administration.
We’ve mentioned below several legitimate benefits of pursuing an MBA in healthcare. Without any further delay, let’s begin !!
Top 5 Benefits of Pursuing An MBA in the Healthcare Sector
Career Advancement
An MBA degree plays a crucial role in advancing your career in Healthcare, as it can increase your salary by up to 79% on average. There are various opportunities available for MBA graduates across the world. As per the Glassdoor survey, we have listed below the average salary package of master’s graduates in the UAE.
| Jobs | Average Salary in the UAE |
| Investment Banking Analyst | AED 2,95,000 per annum |
| Financial Manager | AED 45,000 per month |
| Business Development Manager | AED 42,000 per month |
| Operations Manager | AED 33,250 per month |
| Marketing Manager | AED 38,000 per month |
Specialization Opportunities
The MBA degree helps professionals to explore varied business areas and then opt for a specialization. It includes finance, human resources, international business, marketing, operations, and entrepreneurship.
Mastering a dedicated field will help you develop detailed knowledge and expertise valued across all industries. Moreover, potential employers also look to hire dedicated field professionals at the finest salary package.
Improve Your Earning Potential
Getting the healthcare MBA will directly help you increase your salary package. When you complete a master’s degree, companies automatically promote you to a better position to take the benefit of your advanced knowledge and skills.
A better position means a higher salary in any company. Hence, there is a significant difference in the salary of MBA graduates and non-MBA graduates.
Boost Your Skills
The Healthcare Master of Business Administration (MBA) degree helps students enhance their skill set in the Healthcare sector. It will make you a more capable and deserving professional. Listed below are some of the extraordinary benefits in terms of skill enhancement.
- Leadership Skills: During the degree, students inculcate a variety of skills, including critical thinking, problem-solving skills, decision-making, and communication skills.
- Networking Opportunities: In the master’s program, students get wider opportunities to connect with a number of business professionals and alumni.
- Business Knowledge: In this course, you will get to develop all the essential information of the business landscape, such as finance, marketing, and strategy.
- Worldwide Perspective: Students learn to have a global perspective on the business that can help them understand the complex business structure in the globalized economy.
Better Job Opportunities
The master’s degree is a highly valuable asset for healthcare professionals, as it can open wider job opportunities for you across the world. All the potential employers of UAE, like NMC Healthcare and Abu Dhabi Health Services Company (SEHA), consistently recruit MBA graduates. Therefore, you’ll have numerous job options available at any time you want, and that’s also at top-notch companies.
To Wrap Up !!
These are the top 5 benefits of pursuing an MBA degree in the healthcare sector. It is a higher standard credential to help you unlock a better salary package and career growth.
Securing a great job often depends on where you get your advanced degree. So, it’s smart to pick a well-known college or university for your master’s.
Whether you aspire to lead healthcare organisations, drive policy changes, or launch innovative healthcare ventures, Exeed College offers an MBA in Global Healthcare Management, which will empower you to make a meaningful impact in the ever-evolving world of global healthcare. Why wait? Take the first step towards a rewarding career dedicated to improving healthcare outcomes worldwide.
