Healthcare management has been one of the most popular specializations for MBA students in the last several years. This is a thriving field and positions are expected to grow by 17% within the next six years. Healthcare managers are essential professionals who oversee the administrative and operational needs of major healthcare facilities including hospitals and clinics. If you are devoted to healthcare and want to advance your career into management, an MBA may be a perfect fit.
Coursework for an MBA in healthcare management will vary from school to school. However, students can expect basic courses that focus on public health law, health administration, leadership and organization, and financial management. Curricula will ultimately depend on one’s concentration, and different options include global health management, healthcare finance, and hospital administration. No matter their concentration, graduates with an MBA will be positioned to take on top-level positions dealing with the business of healthcare.
Professionals with this degree will be qualified for many administrative and supervisory positions in the healthcare industry. Many degree holders will become hospital or clinic directors, medical services managers, human resources managers, or healthcare administrators.
Most online degrees are recognized and respected; many top-ranked colleges and universities offer online learning options.
The specifics depend on schools, but most programs require a bachelor’s degree, a year or more of experience in the field, and the submission of standardized tests such as the GMAT.
Most programs take between 1 to 2 years to complete. The length of the program depends on whether a student is in a program with individual pacing or a cohort format.
Yes. The healthcare industry is currently thriving, and the unemployment rate among graduates with an MBA is quite low. Professionals with their MBA also enjoy a 57.9% higher average salary than their counterparts with only a bachelor’s.
Healthcare is an important industry in our society, and the healthcare managers who see to the business side of things are vital to public health. An MBA in healthcare management will not only place professionals in a position to achieve stable, high-paying careers, but it will also put them in a position to positively affect every aspect of our healthcare system.