Most graduate-level degrees in the field of healthcare focus exclusively on the needs of today’s healthcare organizations. Graduate career opportunities include clinical human resources, medical group administration, pharmaceutical companies, hospital and health system management, care management organizations etc. So, if you’re considering doing MBA in Healthcare Management in USA, we have curated a guide below with all the required information to get admission to USA Universities.
Most graduate-level degrees in the field focus exclusively on the needs of today’s healthcare organisations and how those needs will progress over time. Graduate career opportunities include clinical human resources, medical group administration, pharmaceutical companies, hospital and health system management, care management organisations etc. So, if you’re considering doing MBA in Healthcare Management in USA, we have curated a guide below with all the required information to get admission to USA Universities.
Why Study MBA in Healthcare Management in USA?
Physicians and surgeons, registered nurses, medical and clinical laboratory technologists and technicians, and other healthcare workers collaborate closely with medical and health services managers. Others may deal with insurance representatives or patients.Some reasons to study in USA are:
- Medical and health care managers are expected to see a 32 percent increase in employment between 2020 and 2030, substantially faster than the average for all occupations.
- Over the next ten years, an average of 51,800 opportunities for medical and health services managers are expected. Many of those positions are likely to arise as a result of the need to replace people who change occupations or leave the workforce for other reasons, such as retirement.
- In 2020, there were approximately 429,800 employment for medical and health services managers. The following were the largest employers of medical and health services managers:
- Hospitals; state, local, and private: 33%
- Offices of physicians: 12%
- Nursing and residential care facilities: 10%
- Government: 9%
- Outpatient care centers: 7%
Top Universities for MBA in Healthcare Management in USA
The best way to get the skills essential for skilled healthcare management is to pursue a graduate degree in the field and learn the regulations and commanding management styles that will keep healthcare organisations within their budgets, meeting standards for customer care and great outcomes. Some of the MBA in hospital management in USA Universities are:
- Boston University
- Clarkson University
- Salem University
- University of Saint Mary
- Broward International University
- Our Lady of the Lake University
So, these are some of the best MBA in Healthcare Management in USA, let’s know it in detail:
1. Boston University
Boston University is one of the prime and the fourth largest universities in the USA. The program combines a strong education in health sector management with the suppleness to improve understanding and skill set with the student’s specific areas of interest. Also, students can engross with health sector leaders and the program spread across the sector and the country through our general Health Sector Mentoring Program.
|
Type of University |
Private |
|
MBA Program |
MBA in Health Sector Management |
|
Duration |
2 years |
|
Program Fee |
58,560 USD/ year |
2. Clarkson University
Clarkson University is a national research university; the MBA in Healthcare Management is a degree that sets international students towards a progressive growth. MBA in Healthcare Management is exclusive out of 28 programs in the country to provide dual AACSB and CAHME certification. The program is planned to help students understand the healthcare system's complexities and succeed in health and health-related facilities more effectively.
|
Type of University |
Private |
|
MBA Program |
MBA Healthcare Management |
|
Duration |
1 to 2 years |
|
Program Fee |
37,568 USD/ year |
3. Salem University
Salem University has been accredited by The Higher Learning Commission. The online MBA with attention to Healthcare Management program prepares international students for progressive business roles with health care providers and healthcare-related companies.
The curriculum includes MBA courses that help students make decisions based on an understanding of healthcare monitoring environment, financial needs, and patient service goals.
|
Type of University |
Private |
|
MBA Program |
MBA in Healthcare Management |
|
Duration |
1 year |
|
Program Fee |
14,160 USD/year |
4. University of Saint Mary
A degree from the University of Saint Mary puts students in a position to compete in today’s job market positively. The course offers an essential understanding of health informatics and management and use of patient health care information. It is a field that uses health information technology to advance health care in any grouping of higher quality, higher efficiency, and new opportunities.
|
Type of University |
Private |
|
MBA Program |
MBA in Healthcare Management Concentration |
|
Duration |
1 year |
|
Program Fee |
20,065 USD/year |
5. Broward International University
The MBA focusing on Healthcare Business Management in this university is a program where students will learn to apply business methodologies and practices to healthcare settings. They will discover key innovations and learn to plot and develop the relevant management skills required to shape a solid benchmark in the healthcare industry. It also evaluates the planned needs of companies and treasures new business opportunities.
|
Type of University |
Public |
|
MBA Program |
MBA with Concentration in Healthcare Business Management |
|
Duration |
1.5 years |
|
Program Fee |
12,024 USD/ year |
6. Our Lady of the Lake University
The Lady of the Lake University’s School of Business and Leadership provides an online MBA with attentiveness in healthcare management. The MBA in Health Care Management is planned to make health care professionals for positions in management, leadership and policymaking. The program focuses on health care finance, law and ethics, planning and policy, and management of health care institutions and facilities.
|
Type of University |
Private |
|
MBA Program |
MBA in Healthcare Management |
|
Duration |
2 years |
|
Program Fee |
33,300 USD/year |
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Eligibility for MBA in Healthcare Management in USA
To obtain a degree in healthcare management, students need to ensure to fulfil the eligibility for MBA in Healthcare Management in the USA to get admission efficiently. The following admission requirements & eligibility criteria for MBA in hospital management in the USA are:
- Bachelor’s Degree
- Work Experience
- English Language Proficiency Test
- USA Student Visa
- Additional Requirements
These are some requirements that an international student needs to clear to get admission to the best universities in the USA. Let’s know it in detail:
1. Bachelor’s Degree
International students interested in pursuing MBA in healthcare management in USA need to have 4 years of bachelor’s degree with a minimum score of 50% from a recognised board of education.
2. Work Experience
Students need to have professional work experience in hospitals or pharmaceutical companies of at least 2 to 3 years.
3. English Language Proficiency Test
International students from non-English-speaking countries need to have an English language test essential to get admission to top USA Universities. It includes IELTS or TOEFL exam scores; for TOEFL, a score of 90 or above is required and for IELTS minimum score of 6.5 or more.
4. USA Student Visa
To apply for a student visa in the USA, students can apply for the same through the US Consulate and pay an application fee of 160 USD. Also, students need to have the required documents to obtain a student visa. The following documents are:
- Form DS- 160
- Valid passport with min 6 months validity
- Original Marks Sheet
- VFS appointment letter
- A return air ticket wetc as proof of intention to return to home country after the course is completed.
- Form I- 20
- Application fee (receipt of payment)
- Personal Interview
Documents Required for MBA in Hospital Management in USA
The MBA in healthcare management in USA is broad, and many international students are planning to study in USA for higher studies. But before moving to the USA for admission, there are some additional documents required to submit at universities to get admission to the MBA program:
- 2 or 3 LOR’s
- 2 or 4 Essay required (Depending upon questions asked by universities)
- GRE Score (Optional)
- Updated Resume
- SOP
- Academic Transcripts
- Copy of Student Visa
- Passport size photographs
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Cost of Studying MBA in Healthcare Management in USA for International Students
The cost of studying MBA in hospital management in USA universities will include the average cost of studying and cost of living in USA for students.
Tuition Fees
Master in Healthcare Management in USA is a 1 or 2-year course with over 400 universities. Students will spend around 12,740 to 55,890 USD on total tuition fees.
Cost of Living
The average cost of living in USA for an international student is around 15,000 USD/year. Apart from it, some of the major living expenses are:
|
Type of Expenses |
Annual Cost in USD |
|
Health Insurance |
2000 |
|
Travelling |
1440- 3000 |
|
Accommodation |
9600- 14000 |
|
Other Utilities |
6000 |
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Admission Process for MBA in Healthcare Management in USA Universities
To get into USA universities for MBA in healthcare management, international students need to follow some steps to get hassle-free admissions.
1.The first step is to research top universities regarding all MBA courses offered, as the USA provides a broad range of business courses.
2.Once finalised with the USA universities, fill out the application form available on the university website.
3.Check the university's eligibility criteria and verify whether you're meeting them or not.
4.Gather all the documents required to submit along with the application form.
5.Prepare for the interview rounds to get admission to USA universities.
6.Once your application for the MBA in healthcare management in the USA is accepted, you'll receive an official email from the university.
7.Accept the confirmation letter before the deadline and revert as soon as possible.
8.Apply for the USA student visa and plan your journey to the USA.
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Scholarships to Study MBA in Healthcare Management in USA
Various scholarships are available for international students pursuing a graduate program in the USA. Some of the following scholarships are:
|
Scholarship Name |
Eligibility Criteria |
Benefits |
|
Fulbright Foreign Scholarships |
The Fulbright Foreign program is awarded to artists, graduates, and professionals. The USA government provides such aid for higher education in the USA. |
It gives study cost, books, health insurance, monthly stipend and flight ticket. |
|
Social Impact Fellowships |
This scholarship is offered to graduate students studying in the USA. Students need to highlight their leadership in the public and non-profit sectors. |
Scholars will get a stipend of 45,000 USD per year, plus full health benefits, professional development support, and work-associated travel expenses. |
|
The MasterCard Foundation |
The scholarship is offered to 15000 students every year. Students of any nationality are permitted to the program. |
It gives all essential expenses to complete studies. |
|
QS Scholarships |
The plethora of QS scholarships is planned for students keen on pursuing graduate programs at a QS partnered university. Selections are mainly based on the applicant’s academic merit and leadership potential. |
2,000 – 10,000 USD |
Comparison Between MBA and Masters in Healthcare Management
The following difference between MBA and Masters in Healthcare Management is:
|
Parameters |
Masters in Healthcare Management |
MBA |
|
Cost of studying |
The course fee for MHA is lesser than that of an MBA, but it is conclusively more than any other MA degree program. Students should anticipate a lesser investment in MHA. |
MBA course is expensive, and if studying MBA abroad, it can easily cost around 30-40 lakhs on average and even more than that if opting for Ivey League and renowned colleges. |
|
Scope |
MHA is a significantly more particular education that equips students with greater abilities and tools to work in a hospital setting. |
MBA graduates can work in a diversity of industries and have a considerably broader area of employment. |
|
Who Can Benefit from This Degree? |
MHA degrees are for those dedicated to taking on leadership roles in the healthcare industry, whether they are just begining their career or looking to move into leadership positions. |
MBA degrees are for those who are looking to broaden their career opportunities and advance their business insight. |
|
Salary Prospects |
Salary prospects for MHA graduates depend upon work experience, academic performance, and the name of the program from which they graduate. |
Salary prospects for MBA graduates depend on work experience, academic performance, and the status of the program from which they graduate. |
MBA Healthcare Management Salary in USA
The career outlook of the healthcare sector is strong, with a predictable growth rate of around 20%. The median salaries in the sector are around 99,730 USD a year, with the top 10% of the employees earning more than 186,600 USD a year. Some of the following job options are:
|
Job Options |
Annual Average Salary |
|
Medical Office Administrator |
49,541 - 63,240 USD |
|
Health Information Manager |
67,963 USD |
|
Physician Practice Manager |
63,102 USD |
|
Health Economist |
96,504 USD |
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Top USA universities for MBA in Healthcare Management aim at making graduates with capabilities of world-changing work abilities. So, if you’re considering doing MBA in healthcare management in USA, connect with our Yocket Professional today and get further guidance to apply for higher studies in USA.
