If there’s one thing we’ve learned over the past 12 months, it is the global need for effective leadership, health management and make strategies for consulting for healthcare. Statistics from the Australian Industry and Skills Committee (AISC)show that in 2020 there were over 1.7 million people employed in this mega consultancy industry. This will increase to more than 1.9 million by 2024!
The demand for quality healthcare consulting and its management across regional Australia & New Zealand continues to grow, particularly as communities face the needs of an ageing population. MBA after MBBS from the top universities in Australia or New Zealand is a great combination to explore consulting for healthcare opportunities. Management Consulting career in Healthcare is described in detail here.
Why Pursue Consulting For Healthcare?
According to an IQPC report, by 2050 there will be an estimated 36 million people living in Australia. With a growing and aging population, the report predicts that hospitals will become an increasing priority for governments and healthcare providers to meet capacity professionals. Added with the leadership ability to effectively operate and manage these new facilities in consulting for healthcare.
MBA after MBBS as a precursor to consulting for healthcare
The evidence is growing in favour of indicating a great need for more healthcare professionals in the healthcare consultancy market. Companies require well-versed individuals in the core management skills taught in MBA programs globally and in Australia and New Zealand. Young graduates can pursue MBA after MBBS from the top universities in Australia or New Zealand.
An MBA with a specialization in Health Services Management provides a strong foundation in business while also giving you the skills and knowledge to thrive in the booming industry of healthcare management consultancy and leadership. The New Zealand and Australia colleges for MBA are international in their real sense. This is in terms of orientation and curriculum. This focus is usually enhanced by a large number of international students who come to study MBA after MBBS programs in Australia or New Zealand. This gives strong foundations for a successful consulting for healthcare career.
What it's like to pursue MBA from the top universities in Australia and New Zealand
he top universities in Australia and New Zealand, and Australia colleges for MBA programs are particularly well resourced. These are in terms of quality of faculty, the ability of students, and also in terms of library, technology, and other facilities. English competence, as demonstrated through IELTS or TOEFL scores, is mandatory. Application may include essays, statements of purpose, recommendation letters, and interview also. It is essential to get these right, along with some universities that also demand GMAT/GRE scores.
Expenses for study in New Zealand and Australia Colleges for MBA
The tuition fees for Australia colleges for MBA vary with each university. It ranges from AUD 50,000 to a course fee of AUD 81,400. Alongside your lifestyle, choice of accommodation and spending habits will impact your living expenses. An average of 2853 AUD per month is the living cost for an individual. However, an average of 5378 AUD per month is for a family of four.
The tuition fees for MBA in New Zealand cost an average of 44,500 NZD. New Zealand has similar living expenses as Australia. The average cost of living for an individual is 900 NZD. However, a family of four may spend close to 7000 NZD per month. But the high living cost is accompanied by a high standard of living.
International students can work outside the campus while pursuing their MBA degrees. During the semester, students can also work up to 20 hours per week and full-time during vacations. Australian universities offer merit-based scholarship programs and funding opportunities to international students to support your MBA program.
For the year 2019, specific programs like Supported by internship programs and placement capability, Australia has a robust job market for skilled MBA professionals in the field of consulting for healthcare.
Career and growth in consulting for healthcare
There are around 1000-1200 job vacancies in consulting for healthcare reflected by the top job portals. LinkedIn shows 1300 jobs, Indeed shows 35 jobs and Glassdoor shows 227 job vacancies. Management Consulting in Healthcare salaries in Australia from freshers to experienced individuals range from AUD 36,000 to AUD 60,000 which could also increase due to demand.
The New Zealand and Australia colleges for MBA are excellent. The admission procedure is pretty much streamlined and relatively more accessible for students aiming to pursue MBA after MBBS. To sum up, Australia and New Zealand provide a moderately safe place to invest your money for an MBA program in Consulting for Healthcare.