As the world becomes complex & competitive to live in, it becomes very important to make right decisions at right time. The time would certainly knock the door after completing graduation in dentistry, and the young graduates would be in immense pressure thinking as to how to shape up their career. It becomes important not only to succeed in life but to satisfy the needs of the society, being its respectable health servants.
As a postgraduate in management, from a prestigious brand of B-school in India, I am keener to share some of the management options available for you. There is a saying that every sector or every profession require managers to effectively make use of available resources and make some profits. Being a dentist, earning money look very easy, but when it comes to increasing the profits after tallying the balance sheet, people find it difficult. I have seen many doctors starting multiple dental clinics after some initial successes, but when it comes to managing, they tend to give up and keep their clinics up for sale. It’s just that doing an MBA enable, you to understand the business problems at the highest level. Besides, with the current opportunities in healthcare management in our country, an MBA seems to be the way forward.
For a dental graduate, the options in management studies include Hospital Administration, Health Administration, Pharmaceutical Management and plane MBA specializing in general fields like Marketing, Finance, Human Resources, Operations or Systems. It can be pursued as a full time course or part time course and the duration of course depends on institute you are choosing for. There are some institutes which complete the course in 9 months and there are some which take around 5 years. But the most common duration which many institutes across India offer is 2 years. Some institutes offer part time courses conducting lectures in the weekends solely targeting the working professionals.
As the name suggests MBA in hospital management teaches the hospital administration to the peak as it includes the subjects related to different departments of a hospital, whereas MBA in health management enables you to understand the grass root level of healthcare system in India, most part of which include health insurance and healthcare consultancy courses. There are some colleges in India which provide both this courses in a single diploma as MBA in health and hospital management. Moreover, as you may be aware of, healthcare sector in India is in a high growth state and one of the reasons is increasing opportunities in pharma sector which is attracting many foreign players to India to merge with or acquire Indian pharma companies. So MBA in pharmaceutical management would give you a stand to succeed in this largely profitable sector.
Besides all this specialized courses, one more option which you may consider is general or plane MBA, which will help you understanding basic business models from a general point of view and open up the options for you to join any sector you are interested in depending on your will to leave dentistry or healthcare to be specific. However, when it comes to studying MBA, you may find it difficult to cope up with some of the subjects which may sound new and complex to you. But certainly nothing is said to be impossible and am saying this as we, dental graduates, can handle this things on a relatively easier note. Besides I am into my third trimester (out of six) in my institute doing plane MBA and I can safely say that it’s not that hard.
The word success is always an individual dependent. For someone, the magnitude of success may be small and he/she may call that they succeeded in life. MBA is just a mode that one can pick up in your life as a career option; but that do not assure you the success. It is always your skills that come up first and the way you implement them, matters the most. In short success is not doing an MBA but MBA can be considered as one of the success mode in life. Rely on yourself than relying on any degree.
Disclaimer: This is a personal weblog. The opinions expressed here represent my own, based on research in real life and online portals.
BDS, MGM Dental College, Navi Mumbai
PGDM, Indian Institute of Management Tiruchirappalli (IIM Trichy)