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Who Should Consider an MBA in Healthcare Administration?

We rightly laud doctors and nurses for choosing a career path focused on healing and helping others. However, we often forget that healthcare administration professionals are just as dedicated to helping others and to doing all they can to ensure the health and longevity of the people they serve.

Healthcare administration can be a fulfilling and multifaceted employment option for those seeking an exciting careers in the constantly evolving fields of health and wellness or medicine. If you are already a working professional — even if you do not work in healthcare or business — one of the best ways to pursue such a career is through an online MBA program in healthcare administration. Such a degree can open the doors to a rewarding and remunerative career.

Is an MBA in Healthcare Administration Right for You?

Healthcare is a growing industry estimated at more than $2 trillion, and the demand for well-trained medical and support professionals shows no signs of abating. According to the U.S. Bureau of Labor Statistics (BLS), the job outlook for medical and health services managers is rising much faster than average, and the demand for such healthcare managers will increase 17 percent by the year 2024.

Best of all, contrary to what you may think, a background in science or medicine is not a prerequisite for a management leadership role in the healthcare industry. The proper training can equip you with the necessary skills for such a role. While it is advantageous to have some medical training or a science background in areas like product development, marketing or biotechnology for pharmaceutical products, for example, clinical experience is not required. The rising cost of healthcare and its increasingly complex law and policy changes are driving companies to recruit MBA graduates with strong business skills and the financial acumen to help manage budgets and curb costs.

An Array of Job Opportunities

Furthermore, graduates of an MBA program or an online MBA program in healthcare administration enjoy a wide range of jobs to choose from. While hospital administration jobs are likely the most well-known prospects for graduates of an MBA in healthcare administration program, the field also offers many other challenging and rewarding opportunities.

MBA grads with a healthcare administration focus can find work as pharmaceutical product managers or health informatics managers. They can also work in biotechnology and the e-health industry or align with biomedical startups. Healthcare consultant and medical practice manager are other popular career paths in healthcare administration.

An MBA in healthcare administration is also worth considering if you are looking not only for job security but also for well-paying employment. The BLS reports that the median annual wage for medical and health services managers was $94,500 in 2015.

Be Ready With the Right Education

As the need for healthcare managers continues to grow, some universities are offering an online MBA program in healthcare administration. For example, the online MBA program with a concentration in healthcare administration at Texas A&M University-Corpus Christi, prepares working professionals who want careers in healthcare. The program provides an extensive overview of the healthcare system, the economics and policy issues surrounding healthcare, healthcare financial management and more. Furthermore, because Texas A&M University-Corpus Christi offers an online MBA program, students can easily schedule their studies around their existing personal and professional obligations.

Pursuing an online MBA program in healthcare administration opens the doors to a host of job opportunities that offer significant and compelling contributions to one of the country’s most important industries.

Learn more about the TAMUCC online MBA with a Concentration in Healthcare Administration program.


Sources:

http://www.cbsnews.com/news/the-healthcare-mba-one-fast-track-in-a-slow-economy/

http://www.bls.gov/ooh/management/medical-and-health-services-managers.htm#tab-2

https://www.ache.org/carsvcs/whichdegree.cfm

http://www.bls.gov/ooh/management/medical-and-health-services-managers.htm#tab-5


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