Sectoral MBA: How, why & what of rural, healthcare management

(prHWY.com) February 26, 2013 - Noida, India -- Given the boom in sectors like infrastructure, health care, retail, banking, insurance, media & rural management, a number of MBA institutes are offering sector-specific MBA programs such as MBA in insurance and risk management, retail management, banking & finance, telecom & rural management, etc. These MBA programs are industry specific and designed to prepare professionals devoted to that specific sector.

Needs for sectoral MBAs

This is an era of super specialization in virtually every domain. If you have studied one particular sector, you are in a position of advantage as compared to a general MBA as regards that particular sector. Also check the competition in general MBA qualification. You could be one among 300,000 general MBAs. However, in case of specialization, you can be one among 200-300 specialized MBAs, thus reducing the competition.

This article shares with you information on MBAs in rural and health care management.

Management Career in rural sector

Rural development has always been the prime focus of our government since Independence. All 5-year plans were focused on providing benefits to the rural community.

As the rural population is economically backward, it is the duty of educated masses, especially qualified professionals in rural management, to assist villagers in developing the standard of their lives. At present, the role of rural managers has become vital to bring about substantial changes in rural life.

Key learning

Given the complex environment in which rural organizations work, there is a greater need for professional management in these organizations.

Now-a-days, rural management has become a prospective career option with governments across the world being keen on improving the lifestyle of rural poor and NGOs and other volunteers pitching in.

B schools offering MBA/PGDM programs in rural sector
Institute, Programme, Fee Structure (In Rs. Lakhs), Seats:

IRMA Anand (Gujarat), Programme in Rural Management, 4.17, 120
XISS Dhanbad, PGDM (Rural Management), 2.20, 75
KIIT School of Rural Management (KSRM) Bhubaneswar, MBA - Rural Management, 4.94, NA
Institute of Rural Management Jaipur, PGDM-RM, 7.15, NA
Indian Institute of Plantation Management Bangalore, PGDM- ABPM, 5.25, 90

Career Options

Careers in agri business, agri management and agri insurance are quite rewarding. Rural management students may get employment opportunities in government's developmental agencies and NGOs. However, corporate-run developmental agencies are favored destinations for some rural managers. Highly talented individuals can find lucrative job options with the United Nations and its specialized agencies or programmes run by it. International NGOs are also preferred options for many rural managers. Besides, they can run their own NGOs and thereby, be directly associated with the rural folk.

Management Career in Health care Management

This is an exciting time for health care management. The field is changing in terms of how and where care is delivered, who is providing those services, and how that care is financed.
Today, hospitals are offering state-of-the-art facilities that need professional people right from the front office staff to quality assurance experts, technicians in all specialized areas, customer support, housekeeping, safety, medical counseling and hospital administration. Professional administrators with masters in hospital administration are needed in all new hospitals.

Key learning

Enrolling in an MBA program in health care management enables you to pursue a rewarding career. Health care managers must be able to read financial statements, understand how leaders get things done and has to be very smart about competitive analysis and forging a strategy in consonance with the government policies.

An MBA in health care management develops managerial and business skills that a student must possess to work effectively within the healthcare industry. With an MBA in healthcare management, students can prepare for mid-level or executive level. The curriculum will provide you with a solid foundation in business concepts, healthcare management skills and internship opportunities.

Here are some of the reputed institutes which offer specialized Post Graduate programs for the Healthcare sector:

B schools offering MBA/PGDM programs in health care management
Institute, Programme, Fee Structure (In Rs. Lakhs), Seats:

Institute of Health Management Research Jaipur, PGDPM, 4.87, 60
TAPMI Manipal, Post Graduate Diploma in Management (Healthcare Management), 9.5, 60
Institute of Health Management Research Jaipur, Postgraduate Diploma in Hospital and Health Management, 5.3, 120
Symbiosis Institute of Health Sciences Pune, MBA in Hospital & Healthcare Management, 4.6, 70

Career options

More nurses, doctors, and healthcare managers and administrators are needed for various medical set-ups. This is why you can readily find lucrative job opportunities once you earn an MBA in healthcare management.
With growing diversity in the healthcare system, executives are needed in many settings, including Clinics, Consulting firms, Health insurance organizations, Healthcare associations, Hospitals, Nursing homes, Physician practices, Mental health organizations, Public health departments, Rehabilitation centers, Skilled nursing facilities, universities and research institutions.

###