MBBS Abroad – Investment Vs Return on Investment

Introduction

Thousands of students in India grow up with the dream of becoming a doctor because it is a noble profession and a white spotless coat with stethoscopes around the neck is really a motivation for many medical aspirants.

To achieve this goal they need to go through a journey of MBBS which is no less than walking barefoot on a path full of thorns. Even the entry into the MBBS course is very crucial, medical candidates require to crack the one and only entrance exam called NEET UG Exam.

Now, if you crack the exam and secure your position at the top of the merit list then don’t worry focus on your studies, you will definitely get a seat in government medical colleges but if you miss to get into merit list or you just qualify the exam (2021 cut off marks – 138 for general candidates) what will you do?

You will be left with 2 options: either take a drop that means investing another year or take admission in private medical colleges of India which will cost you around 50 lakh to 1.5 crores in some colleges. 

So if we see the scenario from a combined point of view, there is an investment of Money, Time and Effort, all three are crucially important for a candidate. 

This situation opens another opportunity for Indian medical candidates i.e MBBS abroad. To pursue MBBS Abroad, you will need to pay tuition fees and manage the living expenses of that country.

Here a candidate needs to understand the expenses he is going to bear and the ROI, and what he will get after becoming a skilled doctor. If you are capable of analyzing these figures and can visualize the future, you would be handling your expenses easily while studying. Let’s look at the budget required in terms of tuition fees and living costs in a particular country.

MBBS Abroad country-wise budget

Country	Tuition Fee (INR)/Year	Living cost/Month
Kazakhstan	2.5 Lakh to 5 Lakh	11,000 – 20,000
Kyrgyzstan	3.5 Lakh to 6 Lakh	10,000 – 21,000
Uzbekistan	2.5 Lakh to 4 Lakh	11,000 – 21,000
Georgia	3 Lakhs to 5 Lakhs	25,000 – 35,000
Armenia	1.75 Lakhs to 2.80 Lakhs	15,000 – 25,000

Future scope, growth and salary after MBBS abroad

MBBS abroad ensures a bright career ahead after completing graduation and getting a medical licence. Once a candidate starts his medical career in India, he will surely get a decent salary and package by gaining expertise in his profession. There are the following career options that can be considered by a foreign medical graduate in his home country India.

Administration of a Hospital ( Salary range between ₹ 0.4 Lakhs to ₹ 16.0 Lakhs)

It has become one of the preferred career options not only for foreign medical graduates but also for Indian medical graduates. It will add clinical experience to your career which will improve your hospital dependability. The salary package will be increased as you start gaining experience in this field.

Medical Professor/Teacher (ranges between ₹ 2 Lakhs to ₹ 30 Lakhs)

It is another career option that has been in trend for many years for the students who have completed an MBBS degree. The best thing about this profession is you will always be up to date with the medical concepts and news related to it. It is one of the highest paying jobs in India which promises medical candidates a decent salary package. The pay will be raised as you gain more knowledge and experience.

Medico-Legal Consultant (ranges between ₹ 8.1 Lakhs to ₹ 13.8 Lakhs)

It is a challenging job because it requires knowledge of various rules and regulations related to the medical industry. No doubt, its package looks very lucrative but requires a lot of hard work also. It is a combination of Medical-legal professions. Students who have completed an MBBS degree may have to appear in a court test, lead lectures and seminars, white papers and other tasks as a part of this profession.

Initially, you may face some difficulties but after gaining experience and knowledge, it will become familiar to you.

Sports Medicine (Average Physician salary of Sports Medicine officer in India is INR 10,24,085 Lakh)

Medical profession is not limited to hospitals only. With the growing interest of youths in sports, a Sports medicine officer’s job has also become one of the ambitious occupations which offer better salary with great professional growth. Similar to other professions, you will get a raise in your salary with the increase of knowledge and experience in the industry.

Diagnostic Imaging / Radiology (Average Radiologist Salary in India ₹22,00,000 annually)

All other medical imaging systems, such as X-rays, CT scans, ultrasound, and MRIs, pale in comparison to this professional sector. This medical profession assures that you will be subjected to the necessary professional restrictions.  The medical imaging job encompasses a wide array of techniques and technologies. The job includes X-ray imaging, Mammography, Nuclear medicine and molecular imaging, Radiography, Fluoroscopy etc. This field is very dynamic, in order to remain relevant you will need to update yourself with technological advancements.

Services to the Public: 

Foreign medical graduates who have completed their degrees from foreign universities can appear for the UPSC exam (Union Public Service Commission) and contribute to the country. In this field, candidates can explore different avenues that include challenges also. You will really feel that you are doing something good for your nation.

Forensic Medical Examiner (Average Salary INR 12 LPA – 15 LPA)

Forensic medical examiner job includes autopsies, examining evidence to identify the cause, manner and time of death. The majority of Forensic medical examiners work in a laboratory. After completing the MBBS course in a foreign country, you can pursue this career which basically includes living and forensic pathologists in this field. 

Forensic Psychiatry (Average salary ₹19,89,563 LPA)

If you love to solve mysteries in criminal cases, this profile is for you. It is a branch of psychiatry directly connected to criminology. It is Medico legal profession that deals with the treatment of mentally ill criminals who require rehabilitation. This is an interesting work because you really help to investigate the case which has been conducted by issuing medical tools and medicines. Once you gain experience in this profession, you will get very lucrative packages in your job.

Coordinator of Transplants (₹ 3.6 Lakhs for less than 1 to 6 years of experience)

This profession includes medical and managerial responsibilities. This profession deals with organ donation and transplantation where you need to coordinate to execute the operation successfully and effectively. The initial salary in this field may be less but once you acquire experience, you will receive a decent package in your job.

Researcher in the medical field (The average salary of a Medical researcher is INR 15 lakh with 3 to 5 years of experience)

When it comes to the challenging jobs in the medical sphere, a Medical researcher job profile comes at the top of the list. It is a dynamic field that includes changes on a regular basis. In this profession, you will get a chance to study more about the human body and the treatment of disease using new and well-researched medication. Foreign medical graduates can join any pharmaceutical company, hospital labs, medical research centres and other organisations. 

Conclusion

In my opinion, any money spent on a career can never be considered as an expense, it can be considered as a long term investment and the benefit of it can be reaped once you achieve a certain position. 

But yes the initial funding is required and that needs to be paid. Parents and students both want to invest money in a career that can give maximum benefits.

If we talk about the return on investment of the budget spent on the MBBS course then we will see that it will come back to you in terms of monetary, popularity and spirituality also when you start serving humanity by providing the best possible medical ailments without thinking of any profit.

Hence, an MBBS abroad degree provides great ROI in comparison to expenses. It promises to candidates for having a good career as well as income.