Top Reasons to Consider an Online MBA in Healthcare Management

Choosing to pursue an online MBA in healthcare management is a significant decision that requires some thought and planning. But it’s a choice that offers countless benefits.

It’s an opportunity to work in a multitrillion-dollar industry and have your decisions help improve access, affordability, and healthcare quality.

Affordability

While earning a master’s degree requires commitment and sacrifice, it can be worth it. MBA-prepared professionals often receive higher salaries than those without an advanced degree in management and can shape organizational decisions and direct the future of healthcare.

A healthcare management online MBA at Youngstown State University offers flexibility for working professionals. Renowned professors teach online MBA healthcare management programs, including courses like Global Health Policy Processes, Data Storytelling with Tableau, and more. The university’s MBA Gateway program allows transfer students to complete up to 9 credit hours from a previous graduate degree.

Many schools require a bachelor’s degree and work experience before admitting applicants to their MBA programs. Still, some allow applicants to enroll with only a GMAT score or two letters of recommendation. Prospective students should research the total cost of their programs, including tuition, fees, textbooks, and other materials, before deciding.

Flexibility

An online MBA in healthcare management allows students to study and apply business theory to the multitrillion-dollar healthcare industry. The program is typically designed for working professionals who wish to gain a master’s degree without sacrificing career opportunities or reducing income.

Full-time students can finish the degree in roughly eighteen months with dedicated time and effort. Alternatively, part-time students can take longer to complete the degree.

Standardized exam results, such as those from the Graduate Record Examination (GRE) and the Graduate Management Admission exam (GMAT), are required for many MBA programs. Some schools waive GMAT or GRE requirements for students with significant work experience or an outstanding undergraduate GPA. Other admission criteria include a strong personal statement or letter of intent.

Accessibility

Online MBA programs are an excellent choice for working individuals wishing to progress their careers without leaving their jobs. However, obtaining a graduate degree necessitates a significant time investment.

Depending on the program, some universities may require applicants to submit their results from standardized tests like the Graduate Record Examination (GRE) or GMAT. Some schools also have requirements like letters of recommendation, personal statements, and work experience.

Accessibility refers to ensuring that products, services, and environments are designed with all users in mind, including those with disabilities. This can include people with blindness or low vision, hearing loss or deafness, mobility impairments, or cognitive disabilities. Many accessibility concerns can be addressed with simple fixes. For example, adding captions to videos can make them more accessible for viewers with hearing and visual impairments.

Career Opportunities

With an online MBA in healthcare management, students can become leaders who influence decisions and change the industry. Healthcare management jobs are in high demand, and salary rates are competitive. For example, the average salary for managers of medical and health services is $104,280. According to BLS projections, there will be a 32% growth in employment for this career in the upcoming years.

An MBA in healthcare management offers a mix of traditional business courses and those specific to healthcare. Many programs require applicants to submit standardized test scores, such as the GMAT or GRE. However, some schools waive these requirements for students who meet specific criteria. These may include significant work experience or high academic achievement. This flexibility makes a healthcare management MBA an attractive option for busy professionals.

Networking

While studying, you’ll interact with fellow students and professors, building a professional network. This is important because, down the line, you may need to reach out to a contact who can connect you to a job or lead to new opportunities.

In addition to networking with classmates, you’ll also build relationships with your MBA program’s renowned faculty and alums. These connections will provide you with the resources to further your career after graduation and well into the future.