Dual Master of Business Administration–Master of Health Administration: Career Outlook
Impactful leaders needed.
In order to thrive in an increasingly complex environment, healthcare institutions need leaders with an understanding of the industry as well as business acumen in accounting, finance, and operational strategy.
With your dual MBA-MHA degrees, you’ll be prepared for management and director-level positions in industries like insurance, management, consulting, and state and federal agencies.
Demand for many of these healthcare administration roles is expected to grow by three to four times the national job growth average over the next decade. Here are just some of the roles you could take on:
Medical and Health Services Manager:
$99,730/year
As a medical and health services manager you would oversee healthcare personnel in delivering services, ensuring quality, fiscal responsibility, and government compliance. Demand for this role is expected to grow by 18% between 2018 and 2028, and the top 10% of earners make more than $182,600 annually.1
Medical Director:
$149,127/year
As a medical director (MeD), you would be responsible for leading a healthcare institution in upholding the exceptionally high standards for medical professionalism in all facets. In this role, you’d make a critical impact on patient outcomes through operational organization, coordination of critical care units and equipment, and ensuring nursing quality. Demand for this role is expected to grow by 20.5% over the next decade, and the top 10% of earners make more than $235,724.2
Additional roles for MBA-MHA graduates:
- Healthcare CEO/COO
- Executive Director
- Department/Division Manager
- Healthcare Consultant
- Strategic Project Manager
- Hospital Administrator
- Pharmaceutical Development Associate
- Performance Improvement Leader
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Program Outcomes: Lead in the Healthcare Industry
The courses of Scranton’s dual MBA-MHA curriculum will prepare you to:
- Identify ineffective practices resulting from poorly integrated processes, with special consideration for the unique demands of the healthcare industry.
- Use technology to gather and analyze data to inform a systematic approach to decision-making and solving business problems.
- Evaluate decisions within an ethical framework and critique decisions on the basis of social responsibility and environmental sustainability.
- Navigate the financial realities of the healthcare industry and how they impact the financial health of your own organization.
- Negotiate the hierarchy of healthcare personnel, including middle management, governing board, medical staff, and administration.
- Tackle major healthcare issues confronting your organization and understand how hospital administration affects healthcare delivery.
Scranton Career Support
Whether you’re just starting out or advancing in your field, the Gerard R. Roche Center for Career Development is here to support you.
Both before and after you graduate, our experienced advisors can help you build your career and find opportunities that suit your unique skills and talents.
Let’s work together to ensure your success. We can’t wait to get to know you.
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Sources:
- U.S. Bureau of Labor Statistics (2019 September 4). Medical and Health Services Managers. Occupational Outlook Handbook. Retrieved November 22, 2019, from https://www.bls.gov/ooh/management/medical-and-health-services-managers.htm.
- Burning Glass Technologies: Labor Insight™. Retrieved November 22, 2019.