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 doing all they can to ensure the health and longevity of the people they serve.
Healthcare administration can be a fulfilling and multifaceted field for those seeking exciting careers in the constantly evolving healthcare sector. If you are already a working professional — even if you do not work in the healthcare business — one of the best ways to pursue such a career is through a Master of Business Administration (MBA) program focused on healthcare administration. Moreover, convenient offerings like the online MBA with a Concentration in Healthcare Administration program from Texas A&M University-Corpus Christi (TAMU-CC) can open the doors to a rewarding and remunerative career while offering students the flexibility working professionals need.
Is an MBA in Healthcare Administration Right for You?
The COVID-19 pandemic and related factors like inflation and a strained labor market hit the healthcare sector hard in the early 2020s, causing challenging financial conditions. Yet the industry is rebounding, and experts project durable growth in several areas.
Indeed, 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 excellent, with employment of such healthcare managers projected to increase 28% from 2022 to 2032. This job growth statistic places the occupational group near the top of BLS’ list of the fastest-growing occupations in the U.S.
Notably, 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 pharmaceutical biotechnology, healthcare administration roles do not generally require clinical experience. The rising cost of healthcare and 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 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 the biotechnology and e-health industries or take on leadership roles with biomedical startups. TAMU-CC notes that common healthcare services career paths for MBA grads include:
- Hospital Administrator
- Medical Entrepreneur
- Human Resource Director
- Medical Facility CFO
An MBA in healthcare administration is also worth considering if you are looking not only for job security but also for well-paying employment. BLS reports that the median annual wage for medical and health services managers was $110,680 in 2023.
Be Ready With the Right Education
As the need for healthcare managers continues to grow, some universities are taking note and creating graduate programs to meet the demand. For example, TAMU-CC’s online MBA in Healthcare Administration program prepares working professionals for high-level careers at the intersection of healthcare and business.
TAMU-CC’s program provides an extensive overview of the healthcare system, the economics and policy issues surrounding healthcare, healthcare financial management and more. Furthermore, because TAMU-CC offers the specialized MBA program 100% online, students can easily schedule their studies around their existing personal and professional obligations.
Pursuing an MBA in healthcare administration degree opens the doors to a host of job opportunities that offer significant and compelling contributions to one of the country’s most important industries. Plus, pursuing that degree online offers you convenient access to the education that can move your career forward.
Learn more about the TAMU-CC online MBA with a Concentration in Healthcare Administration program.