What is an MBA in Healthcare Management?

MBA Healthcare ManagementAn MBA in Healthcare Management can provide students with a broad range of skills for entering or furthering their career in the healthcare field. An MBA in healthcare management will include a variety of business courses geared toward management and administration specifically within healthcare organizations. A student in this program will study finances and leadership techniques that would be most effective in a healthcare organization, and he/she will study infrastructures and organization of databases and health care systems and programs. Most MBA programs in healthcare management also include courses on the ethics and legal issues involved in the healthcare industry. This degree can lead to a fairly well-paid career with a lot of potential for advancement. An MBA in healthcare management would be a viable option for individuals already working in a healthcare field as well as for individuals seeking an advanced business degree that would mesh with the healthcare industry.

How To Find The Top MBA in Healthcare Management Programs

When looking for an MBA in healthcare management program, ideal undergraduate degrees would be in related fields of business or healthcare. Coursework in healthcare law would also be helpful when applying to some of the best MBA in healthcare management degree programs.

Ranking within the top five accredited schools for healthcare management are Sullivan University, the University of Washington, and the University of Michigan. Sullivan University offers both the BSA and MBA degrees in various healthcare fields, including healthcare management, for students who wish to obtain both the bachelors and masters degrees from the same school. Sullivan also ranks among the best online MBA in healthcare management programs, offering the option of studying either online or on campus, and graduates of Sullivan have access to lifetime employment assistance.

The University of Washington offers a specific program of Masters in Healthcare Management (MHA). With the University of Washington, students can choose a part-time two-year program that allows working professionals to return to school without quitting their current jobs. The University of Michigan has one of the most highly rated programs in healthcare management and administration in the country, making its admissions more exclusive. However, once accepted, students can be assured that they will receive one of the highest rated educations in the field in the U.S.

The University of Michigan also offers a non-residential option for students that are already employed in executive positions and do not wish to leave their current jobs to return to school. Other online options include the University of Phoenix, Capella University, and Grand Canyon University. These schools rank among the best for online MBA in healthcare management programs and offer strong financial aid options and help.

Careers and Salaries For Individuals With MBA in Healthcare Management Degrees

A graduate with an MBA in healthcare management would be ready to enter one of the few industries that consistently show job growth, even in a sluggish economy. MBA in healthcare management careers include jobs as hospital administrators, pharmaceutical project managers, healthcare consultants, health informatics directors, healthcare services directors, health and wellness directors and medical practice managers. Salaries in these fields range from $67,000 annually for a health and wellness director job to $111,000 annually as a hospital administrator. Other MBA in health management salaries are typically within the $70,000 through $90,000 range and into six figures annually depending on the chosen path. Some of the areas with the highest demand are within healthcare organizations, hospital management, biotechnology firms, and pharmaceutical companies. Graduates with an MBA in healthcare management could enter these fields in top management positions, medical product marketing positions, supply chain analyst positions, or even product development positions.

Additional Resources:

Top 25 Master’s in Healthcare Informatics Degrees Ranked by Affordability 2014

Top 25 Master’s in Public Health Degree Programs With the Highest Acceptance Rates 2014