Earning potential of Finance and Hospital management professionals
What is salary package that I should expect if I am planning to become a financial professional or a hospital manager in one of the fields related to management?
Basically the salary range varies from jobs to jobs, from sectors to sectors. But the typical starting salary starts from Rs. 20,000/- per month and goes to Rs. 30,000/- per month as a fresher. Average starting salaries in the banking and finance sector are as high as Rs. 35,000/-per month rising to Rs. 45,000/-per month in the investment banking sector. Typical salary for newly qualified hospital administrator in public sector and non-profit-organisation would range between Rs. 35,000/-per month to Rs. 40,000/-per month. Salary will vary for experienced financial managers and hospital managers (10 year plus) in commerce and science industry ranges between Rs. 60,000 and Rs. 90,000+ per month.
Some companies or health care institutes can offer less salaries but giving high bonuses or incentives. Salary varies accordingly to the type, sector, size and location of the industry. The highest salaries are paid in the Delhi/NCR and the surrounding areas as they are the hub of all the major businesses. Also, due to the number of private sectors based in Delhi is huge, therefore resulting in an increased pay as compared to other cities. Self-employment is possible and an option and sometimes these qualified professionals in management can wok as consultants but that also after they have gained substantial experience within an organisation.
What are the job prospects for me in the field of hospital management?
The need and demand for the number of institutes providing health care can never go down, it can only increase. There are more than two and half lakhs health care institutes that require quality hospital administrators and managers in India. Thus, you can imagine that the prospect is very bright in this field. The growing need of professionals would only increase with time as the importance of hospital management courses are on a rise. Along with the government, various private hospitals are today competing with each other to provide first class health care services to the masses across the country. In this respect, the demand of professional hospital administrators is rising tremendously.