8. What After BDS: MBA In Hospital Management & Others +

Starting Entrepreneurial Ventures

As a dental graduate searching for What After BDS, many would have told you about the option of an MBA. There are multiple such stories where BDS graduates are emerging out as a success after choosing to do an MBA post-dental graduation. However, rather than getting swayed by others’ success, you need to know more about this option. Then you can decide:

What career options MBA provides you?

If an MBA after dental graduation is the correct choice for you?

Is MBA the correct career choice for you?

If you are someone who wants to break the mold of traditional dentistry, in general not very happy with being a regular dentist and passionate about entrepreneurship, dreams of working in big corporates, marketing & administration, then an MBA after your dental degree can be a good choice to pursue. It is an option open for both BDS and MDS.

Is there any particular stream of MBA that is better for a Dentist?

You are of course planning for MBA as you want to move away from the regular life of a dentist into the corporate lifestyle. As your core expertise is in the health practice and patient care sector, an MBA degree in hospital management or Finances with Digital & Offline Marketing will be an effective addition.

How can you get admission to MBA?

You will need to be eligible for the MBA course and also qualify the entrance exams

Candidates who are applying for MBA courses after MBBS, BDS, or MDS must first ensure that they are eligible for the course. While the MBA eligibility criteria are common across most of the colleges, some colleges have specific requirements for their course. (for example, ISB – Indian school of business prefers 2 years of working experience after graduation). These may be related to work experience or marks in the qualifying degree. Here are the details of the eligibility criteria for MBA in India.

• Candidates applying for an MBA course must have completed a graduate degree. An MBBS?BDS/MDS degree is considered valid for MBA admissions.
• The college or university that has granted the MBBS/BDS degree must be recognized by the University Grants Commission (UGC) and the Medical Council of India (MCI).
• Most of the MBA colleges in India require applicants to have scored at least 45% – 50% aggregate marks in their graduate degree.
• In addition, colleges also require candidates to have received a passing score in all of their graduation subjects.
• Some MBA courses may require candidates to have certain years of work experience. This is especially true if you are going for a Part-Time MBA or an Executive MBA course.
• Eligible candidates may also be required to qualify an MBA entrance exam. Depending on the requirement specified by their college, candidates may have to appear for an exam such as CAT, CMAT, GMAT, XAT, etc. Some MBA colleges also offer merit-based admissions on marks in graduation.

Is it possible to take admission into MBA without appearing for entrance exams?

Direct MBA admission without entrance exam is offered by some private MBA colleges and private deemed universities in India. These colleges charge moderate to high fees for direct MBA admission.

Direct MBA admission without entrance exam is a good option for those who prefer to opt-out of the MBA entrance exam preparation. If students are not interested in getting admission to top B-Schools like IIMs and others, direct MBA admission is a positive option.

Please note: If your goal is to get a good placement with a high salary package in reputed corporate establishments, then a direct MBA (without entrance) is not the correct choice. In that case, you should try to get into top business schools via entrance exams such as CAT or GMAT.

I am already working in a private clinic/corporate hospital/college as a faculty/own business. Can I do an MBA?

For health professionals who are already working and also want to do an MBA, distance MBA is the correct choice. In a distance course, you do not need to attend the regular classroom schedule.

One of the major advantages of distance MBA is its affordable fee structure in comparison to the Executive MBA. Over the years, considering the growing demand for distance MBA courses, top institutes in India have started to offer UGC/ AICTE-approved distance MBA courses with an aim to help the classes get their MBA certificate without going through the rigor of classroom and college campus.

Usually, a working professional or even a fresher chooses a distance MBA to gain exposure to industry relevance. In the current scenario, the MBA has become a mandatory qualification for career progression in varied fields.

What MBA streams are best suitable for BDS/Health graduates to progress in my career?

MBA has multiple streams to select from – finance, human resource management, information technology, logistics management, business management, marketing management & digital marketing.

If you desire to work in varied sectors then a management degree in the streams above will help you. However, if your core target is working in the Health sectors then MBA in Hospital Management & Marketing will be more suitable.

MBA in Hospital Management provides professional expertise on how to manage a hospital setup, improving patient care, and enhancing the brand value of the hospital. An MBA in marketing or digital marketing helps you in getting placements in various health-related products and companies – dental equipment, medical equipment, pharmaceuticals, online health carts, health apps, health magazines, and various other health-related ventures.

Point to note: You can expect for a direct placement in the best companies/start ups and TOP corporate hospitals if your MBA degree is from a reputed business school. Otherwise, you will have to work in multiple limited scope ventures before you can make it into the top companies. So, if you are serious about starting with a good placement after BDS/MDS/MBBS, then it’s PARAMOUNT that you prepare for the MBA Entrance with utmost sincerity and dedication to get admission to Top Business Schools.

What about entrepreneurial ventures?

MBA or No MBA, entrepreneurship is open to all. If you have a great business model that you think can make a difference to the market, then you can always try to make it work as an independent company. Even the core work of a dentist – establishing a private practice, is a start-up venture which over time gets established as a stable venture.

If you have plans to start your own company after BDS/MDS/MBBS, you can definitely do so. An MBA degree will help you learn finer business acumen that will help you in managing the business better. It also depends on your financial background. Establishing your own company demands time and investment (personal and as well as from the market). It may not be easy for all. So, it advisable that you first work to build a feasible/stable career for yourself. And at the same time, keep working on your entrepreneurial venture to make it stronger. Once you feel the groundwork preparation is adequate (in terms of finance and feasibility), then it’s a better time to give more of your working time to your venture.

Personally, I know many doctors, who for multiple years kept working to develop a business model. In the meantime, they kept working in their regular careers. Only when they were fully prepared, they ventured more into the entrepreneurial space. It’s not that they were not ambitious. Its because they realize that – Being an entrepreneur is unpredictable. It may or may not be a success. For each celebrated successful entrepreneurial story, there are many that did not work.

Being an entrepreneur has many great points. You are the boss and creating a company. You are becoming a job creator. It also comes with its own share of stress and problems. There is one route that many young entrepreneurs adopt – develop a great concept, apply it to the market at a limited scale, prove the workability – scalability – profit model, and approach top corporates in the sector to take the operations under their umbrella.

At DentalOrg.com we have discussed at length about the various aspects related to MBA after BDS/MDS, Hospital Management, and related topics. Check the articles for better review of the MBA option after BDS/MDS

MBA IN HOSPITAL ADMINISTRATION AFTER DENTAL GRADUATION

Welcome To The Most Complete Article That Discusses All About MBA Hospital Administration After Dental Graduation & Is it a Good Career Option in 2015 The article has many details. So we have broken the article in to many small slides so that you can get all the information in an easy to read manner In the modern era dental graduates have become persons with very high aspirations.

HOSPITAL ADMINISTRATION AFTER BDS

Hospital administration is the management of the hospital as a business. The administration is made up of medical and health services managers (sometimes called health care executives and health care administrators) and assistant administrators. Administrations range in size and the duties of the administrator depends on the size of the administration.

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