According to the Bureau of Labor Statistics, the outlook for managers in the healthcare industry, and especially those with advanced degrees, is excellent—employment for health service managers is expected to grow 17 percent from 2014 to 20241. As expected, hospitals will continue to be the biggest employers2. However, Healthcare Management MBA graduates will also find growing job opportunities from other enterprises, including medical practices, healthcare management companies, biotech firms, and pharmaceutical companies.
Healthcare is a business and, like every business, it needs good management to keep it running smoothly. Faced with growing pressure to manage rising costs without sacrificing the quality of patient care, healthcare organizations are increasingly turning to MBA graduates with a specialization in healthcare management—graduates such as those from The University of Scranton. While the responsibilities of healthcare managers can vary widely across the industry, many agree that a Master in Business Administration is a prerequisite for middle- to senior-level management positions in the public, corporate, and non-profit sectors of health care. Some of the most popular positions and their average reported salary for MBAs in the healthcare industry include:
- Hospital Administrator3: $97,189
- Healthcare Consultant4: $75,266
- Pharmaceuticals Project Manager5: $85,407
- Healthcare Services Director of Program Management6: $74,300
- Medical Practice Manager7: $57,391
As a student in The University of Scranton's Online MBA with a specialization in Healthcare Management, you will acquire the cutting-edge knowledge, practice, and skills to succeed in these and other challenging positions in this field.
1-2Bureau of Labor Statistics. Occupational Outlook Handbook, 2016-17 Edition. Accessed 7/10/2017, http://www.bls.gov/ooh/management/medical-and-health-services-managers.htm
3-7Payscale.com, Various Salary/Job surveys. Accessed July 10, 2017 from Payscale.com