More doctors and healthcare professionals are joining management schools, turned away by the limited number of seats for a post-graduate course in medicine and the prospects of a better pay package after graduating from a B-school.

Doctors who have successfully completed an MBA course get job offers with packages of anywhere between Rs 12 lakh and Rs 18 lakh per annum. While ‘normal’ MBA students get Rs 8-18 lakh per annum. At IMT Ghaziabad, there was one doctor last year. Now, there are two, even as companies like Ranbaxy and Dr Reddy’s come for campus recruitments.

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The trend is only increasing due to the boom in the healthcare and pharmaceutical industry. The Indian pharmaceutical market (IPM), which was valued at Rs 55,500 crore last year, grew 8.9 per cent in July and 18.3 per cent in June, according to ORG IMS, which tracks sales of drugs in India.

Consider this: In the class of 2010 at the Indian School of Business, Hyderabad, there are 13 students with a background in medical studies — up from 10 in 2008 and substantially up from six in 2007. Read Complete news at Business Standard

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