It is without a doubt that many people are seeking various types of careers in the healthcare industry. However, one of the biggest questions that often come up is which degree should individuals obtain if they are interested in pursuing such careers in the healthcare management field. Many people often are pitted between choosing a master’s degree in business administration or a master’s in healthcare management. Here is quick overview of the differences and specialties of each degree.
Master’s in Business Administration
A master’s degree in business administration is usually a one to two year post-graduate program that usually prepares individuals with anywhere between two or more years of post-graduate work experience. Many MBA programs require prospective students to take the GMAT, have at least an undergraduate GPA of 3.0 or higher, relevant work experience and stellar references. The typical MBA program will expose students to variety of fields and topics such as business finance, information technology, decision information sciences, marketing, accounting and management. All MBA programs also offer concentrations which allow students to specialize in an particular field or area such as international business, finance, information sciences or marketing. Most MBA programs offer students the opportunity to work on real-life projects, working hand in hand with businesses and other organizations to help them improve their profitability, introduce new management models, business planning, etc. If you want a career in the healthcare field, a MBA could definitely work, but some schools may not offer courses or a concentration in healthcare management. MBA programs can be completed online, however make sure you find a reputable, accredited program.
Master’s in Healthcare Management
If you are seriously thinking about pursuing a career in healthcare administration and would like to work in a hospital, clinic, social services agency or another organization that offers some form of medical or healthcare services, a healthcare management degree might be the best route. The typical Healthcare Management degree program will require students to take the GRE, have some background in the healthcare field and have a great undergraduate background. Students will typically take courses in management, healthcare finance, healthcare economics, human resources, healthcare facilities management, healthcare marketing, etc. One of the best things about pursuing a healthcare management degree is that most programs will facilitate some sort of internship experience to allow prospective graduated to gain real world experience working in a healthcare setting. Some of these internship experiences include working for large research-based hospitals, private medical offices, community health centers, public health agencies and educational organizations. You can definitely obtain a master’s degree in healthcare management online, however, just make sure the program is accredited and has good reviews.
There are some vast differences yet some striking similarities between both degrees. Overall, they will prepare you to be a business-minded leader for any organization you plan on working for. Just make sure whatever program you choose, it is in complete alignment with your overall career goals and will prepare you for the exact role that you want.