$47,013
Average Tuition – Healthcare Administration MBA Programs
$83,818
Average Salary – Healthcare Administration MBA Graduates
576
Average GMAT Requirements – Healthcare Administration MBA Programs
143%
Average ROI – Healthcare Administration MBA Programs
Executive Summary for Healthcare Administration MBA Programs
- Comprehensive comparisons and data about tuition, average starting salaries, ROI, GMAT requirements and scores, and enrollment statistics for MBA programs in Healthcare Administration
- Detailed profiles of both online and on-campus MBA programs in Healthcare Administration, their strengths, unique specializations, faculty expertise, and alumni networks are included to help align your study choice with your career ambitions
- Insights into diverse industries and roles, demonstrating how an MBA degree in Healthcare Administration serves as a potent tool in these industries
Top 10 MBA Program in Healthcare Administration – ROI, Salary, Tuition
#1
Northwestern University
- Kellogg Global Hub, Evanston, IL - 60208-2001
- Institution Control: Private for-profit
- Academic Year:
- Accreditation:
- Award Levels: Doctoral, Dual-MBA, E-MBA, Masters in Business
- Offered as: Campus, Full-Time
Business School Details
Student / Faculty Ratio: 6:1
Tuition and Fees: $162,030
Total Enrollment: 2,329
Concentrations: Accounting, Communications, Data Analytics, E-Commerce +19 more
Ranking: US News, Forbes, BW, FT, Economist and MBAGuide
Average GMAT Score: 729
Graduate Salary: $175,000
AACSB Accredited: Business
Graduate ROI: 54%
#2
Stanford University
- Knight Management Center, Stanford, CA - 94305-7298
- Institution Control: Private
- Academic Year:
- Accreditation:
- Award Levels: Doctoral, Masters in Business, Masters Specialist
- Offered as: Campus, Full-Time
Business School Details
Student / Faculty Ratio: 5:1
Tuition and Fees: $165,591
Total Enrollment: 1,064
Concentrations: Accounting, Consulting, Data Analytics, Economics +16 more
Ranking: US News, Forbes, BW, FT, Economist and MBAGuide
Average GMAT Score: 737
Graduate Salary: $182,272
AACSB Accredited: Business
Graduate ROI: 55%
#3
Massachusetts Institute of Technology
- 50 Memorial Drive, E52-473, Cambridge, MA - 02142-1347
- Institution Control: Private for-profit
- Academic Year:
- Accreditation:
- Award Levels: Doctoral, Masters in Business, Masters Specialist, Undergraduate
- Offered as: Campus
Business School Details
Student / Faculty Ratio: 3:1
Tuition and Fees: $164,000
Total Enrollment: 1,664
Concentrations: Accounting, Economics, Education, Entrepreneurship +12 more
Ranking: US News, Forbes, BW, FT, Economist and MBAGuide
Average GMAT Score: 724
Graduate Salary: $159,391
AACSB Accredited: Business
Graduate ROI: 49%
#4
Columbia University
- 101 Uris Hall, New York, NY - 10027
- Institution Control: Private
- Academic Year:
- Accreditation:
- Award Levels: Doctoral, E-MBA, Masters in Business, Masters Specialist
- Offered as: Campus, Full-Time
Business School Details
Student / Faculty Ratio: 6:1
Tuition and Fees: $180,258
Total Enrollment: 4,036
Concentrations: Accounting, Consulting, Data Analytics, Economics +14 more
Ranking: US News, Forbes, BW, FT, Economist and MBAGuide
Average GMAT Score: 732
Graduate Salary: $162,099
AACSB Accredited: Business
Graduate ROI: 45%
#5
Duke University
- Box 90120, Durham, NC - 27708-0120
- Institution Control: Private
- Academic Year:
- Accreditation:
- Award Levels: Doctoral, E-MBA, Masters in Business, Masters Specialist
- Offered as: 1-Year, Campus, Evenings, Full-Time, Online, Weekends
Business School Details
Student / Faculty Ratio: 9:1
Tuition and Fees: $157,546
Total Enrollment: 2,084
Concentrations: Accounting, Consulting, Data Analytics, Economics +20 more
Ranking: US News, Forbes, BW, FT, Economist and MBAGuide
Average GMAT Score: 718
Graduate Salary: $152,297
AACSB Accredited: Business
Graduate ROI: 48%
#6
New York University
Leonard N. Stern School of Business
- Henry Kaufman Management Center, 11-160, New York, NY - 10012-1126
- Institution Control: Private
- Academic Year:
- Accreditation:
- Award Levels: Doctoral, E-MBA, Graduate Level Certificate, Integrated Undergraduate Masters, Masters in Business, Masters Specialist, Undergraduate
- Offered as: Campus, Full-Time
Business School Details
Student / Faculty Ratio: 14:1
Tuition and Fees: $160,130
Total Enrollment: 6,125
Concentrations: Accounting, Business Analytics, Economics, Entrepreneurship +15 more
Ranking: US News, Forbes, BW, FT, Economist and MBAGuide
Average GMAT Score: 733
Graduate Salary: $161,475
AACSB Accredited: Business
Graduate ROI: 50%
#7
The University of Michigan
Stephen M. Ross School of Business
- 701 Tappan Street, Ann Arbor, MI - 48109-1234
- Institution Control: Public
- Academic Year:
- Accreditation:
- Award Levels: Doctoral, E-MBA, Graduate Level Certificate, Masters in Business, Masters Specialist, Undergraduate
- Offered as: 1-Year, Campus, Evenings, Full-Time, Online, Part-Time, Partnership, Weekends
Business School Details
Student / Faculty Ratio: 14:1
Tuition and Fees: $137,056
Total Enrollment: 4,293
Concentrations: Accounting, E-Commerce, Economics, Education +20 more
Ranking: US News, Forbes, BW, FT, Economist and MBAGuide
Average GMAT Score: 720
Graduate Salary: $153,465
AACSB Accredited: Business
Graduate ROI: 56%
#8
University of Southern California
- 3670 Trousdale Parkway, Bridge Hall 100, Los Angeles, CA - 90089-0804
- Institution Control: Private
- Academic Year:
- Accreditation:
- Award Levels: Doctoral, E-MBA, Graduate Level Certificate, Masters in Business, Masters Specialist, Undergraduate
- Offered as: 1-Year, Campus, Distance Education, Evenings, Full-Time, Online, Part-Time, Partnership, Weekends
Business School Details
Student / Faculty Ratio: 14:1
Tuition and Fees: $154,339
Total Enrollment: 6,911
Concentrations: Accounting, Data Analytics, Economics, Entrepreneurship +15 more
Ranking: US News, Forbes, BW, FT, Economist and MBAGuide
Average GMAT Score: 732
Graduate Salary: $150,314
AACSB Accredited: Business and Accounting
Graduate ROI: 49%
#9
The University of North Carolina at Chapel Hill
- CB 3490, McColl Building, Chapel Hill, NC - 27599-3490
- Institution Control: Public
- Academic Year:
- Accreditation:
- Award Levels: Doctoral, E-MBA, Masters in Business, Masters Specialist, Undergraduate
- Offered as: Campus, Distance Education, Evenings, Full-Time, Online, Partnership, Weekends
Business School Details
Student / Faculty Ratio: 10:1
Tuition and Fees: $102,314
Total Enrollment: 2,820
Concentrations: Accounting, Data Analytics, Economics, Entrepreneurship +13 more
Ranking: US News, Forbes, BW, FT, Economist and MBAGuide
Average GMAT Score: 706
Graduate Salary: $133,517
AACSB Accredited: Business and Accounting
Graduate ROI: 65%
#10
Harvard University
- Dillon House, Boston, MA - 02163
- Institution Control: Private for-profit
- Academic Year:
- Accreditation:
- Award Levels: Doctoral, Masters in Business
- Offered as: Campus
Business School Details
Student / Faculty Ratio: 7:1
Tuition and Fees: $149,820
Total Enrollment: 1,945
Concentrations: Accounting, Consulting, Data Analytics, E-Commerce +22 more
Ranking: US News, Forbes, BW, FT, Economist and MBAGuide
Average GMAT Score: 730
Graduate Salary: $175,000
AACSB Accredited: Business
Graduate ROI: 58%
50 Best Healthcare Administration MBA Programs Table: ROI, Salary, Tuition
Easily sort the table below by Rank, School Name, ROI, Tuition, Average Starting Salary, and State to find and to compare programs. Click on any school for a comprehensive review.
Rank | University | ROI | In State Tuition | Avg. Starting Salary | State | Online |
---|---|---|---|---|---|---|
1 | Northwestern University | 54.00% | $162,030 | $175,000 | IL | No |
2 | Stanford University | 55.04% | $165,591 | $182,272 | CA | No |
3 | Massachusetts Institute of Technology | 48.59% | $164,000 | $159,391 | MA | No |
4 | Columbia University | 44.96% | $180,258 | $162,099 | NY | No |
5 | Duke University | 48.33% | $157,546 | $152,297 | NC | Yes |
6 | New York University | 50.42% | $160,130 | $161,475 | NY | No |
7 | The University of Michigan | 55.99% | $137,056 | $153,465 | MI | Yes |
8 | University of Southern California | 48.70% | $154,339 | $150,314 | CA | Yes |
9 | The University of North Carolina at Chapel Hill | 65.25% | $102,314 | $133,517 | NC | Yes |
10 | Harvard University | 58.40% | $149,820 | $175,000 | MA | No |
11 | University of Massachusetts Boston | 318.68% | $19,499 | $124,277 | MA | Yes |
12 | Brigham Young University | 101.87% | $58,544 | $119,281 | UT | No |
13 | University of Notre Dame | 53.85% | $123,500 | $133,018 | IN | No |
14 | Georgetown University | 55.50% | $124,814 | $138,552 | DC | Yes |
15 | Dartmouth College | 48.31% | $165,442 | $159,842 | NH | No |
16 | Rice University | 51.13% | $139,081 | $142,212 | TX | Yes |
17 | University of California, Berkeley | 54.73% | $139,628 | $152,831 | CA | No |
18 | Emory University | 49.36% | $151,689 | $149,759 | GA | Yes |
19 | Cornell University | 35.29% | $219,688 | $155,048 | NY | No |
20 | Georgia Institute of Technology | 107.89% | $63,404 | $136,819 | GA | No |
21 | Michigan State University | 172.92% | $34,564 | $119,539 | MI | Yes |
22 | University of Minnesota | 68.17% | $89,402 | $121,882 | MN | Yes |
23 | University of Virginia-Darden | 51.95% | $151,200 | $157,090 | VA | Yes |
24 | University of South Carolina | 182.06% | $26,485 | $96,435 | SC | Yes |
25 | University of California, Davis Business School | 61.53% | $88,634 | $109,075 | CA | Yes |
26 | Boston University | 48.65% | $124,248 | $120,884 | MA | Yes |
27 | Texas A&M University | 93.21% | $62,000 | $115,585 | TX | Yes |
28 | The University of Georgia | 196.87% | $30,606 | $120,510 | GA | Yes |
29 | Northeastern University | 48.77% | $102,582 | $100,063 | MA | Yes |
30 | University of Utah | 88.54% | $65,700 | $116,348 | UT | Yes |
31 | Fordham University | 64.08% | $99,497 | $127,511 | NY | Yes |
32 | The Pennsylvania State University | 93.48% | $61,236 | $114,483 | PA | Yes |
33 | Case Western Reserve University | 52.08% | $92,040 | $95,875 | OH | Yes |
34 | Indiana State University | 263.16% | $19,000 | $100,000 | IN | Yes |
35 | University of Maryland | 61.25% | $98,865 | $121,103 | MD | Yes |
36 | Lehigh University | 69.45% | $68,900 | $95,699 | PA | Yes |
37 | Babson College | 60.69% | $89,550 | $108,703 | MA | Yes |
38 | New Jersey Institute of Technology | 74.73% | $66,576 | $99,501 | NJ | Yes |
39 | University of California, Irvine | 63.13% | $97,342 | $122,899 | CA | Yes |
40 | Santa Clara University | 72.74% | $83,860 | $122,000 | CA | Yes |
41 | University of Florida | 221.35% | $26,473 | $117,197 | FL | Yes |
42 | Queens University of Charlotte | 105.03% | $41,940 | $88,100 | NC | Yes |
43 | North Carolina A&T State University | 385.02% | $13,938 | $107,327 | NC | Yes |
44 | Texas Christian University | 46.60% | $115,380 | $107,543 | TX | Yes |
45 | Arizona State University | 101.59% | $61,354 | $124,664 | AZ | Yes |
46 | Baruch College-The City University of New York | 158.86% | $37,338 | $118,633 | NY | Yes |
47 | University of Cincinnati | 181.31% | $23,996 | $87,013 | OH | Yes |
48 | University of Pittsburgh | 90.01% | $57,195 | $102,965 | PA | Yes |
49 | University of Massachusetts Amherst | 165.41% | $33,622 | $111,227 | MA | Yes |
50 | Pepperdine University | 42.78% | $104,333 | $89,258 | CA | Yes |
What is an MBA in Healthcare Administration?
MBA Programs in Healthcare Administration combines the fields of business and healthcare administration. These concentrations will prepare you for a variety of careers within healthcare including CEOs, hospital administrators, project managers, or practice managers. Specialized courses such as clinical informatics, medical law, and medical terminology are combined with the traditional business courses of accounting, finance, marketing, and operations provide MBA in Healthcare Administration candidate’s cutting-edge knowledge and specialized skills for the ever changing healthcare landscape.
Health Care Administration graduates are prepared to secure positions in hospitals, health maintenance organizations, health insurance companies, government and public health agencies and social service agencies. Potential candidates align their personal interest with the conceptual, technical, and analytical competencies required to lead and manage within healthcare delivery systems.
Difference Between an MBA in Healthcare Administration and a Master’s in Healthcare Administration
Here are the key differences between an MBA in Healthcare Administration and a Master’s in Healthcare Administration (MHA):
Program Focus
- MBA in Healthcare Administration: Provides a broad business education with a specialization in healthcare management. Covers general business topics like finance, accounting, and marketing, along with healthcare-specific concepts.
- MHA: Offers a more specialized curriculum entirely focused on healthcare administration topics such as healthcare policy, healthcare finance, and healthcare operations.
Curriculum
MBA in Healthcare Administration:
- Core business courses (finance, accounting, etc.)
- Healthcare management electives
- Leadership and general management focus
MHA:
- In-depth study of healthcare administration principles and practices
- Specialized courses in areas like healthcare law, healthcare informatics, and healthcare quality management
- Focus on healthcare-specific management knowledge and skills
Career Outcomes and Versatility
- MBA graduates often pursue executive-level positions within healthcare organizations or broader business roles in various industries. The degree offers more career flexibility and transferable business skills.
- MHA graduates typically seek specialized healthcare administration roles such as hospital administrator, healthcare operations manager, or healthcare policy analyst. The degree provides deep expertise in healthcare management.
Student Profile
- MBA programs often require several years of work experience and attract professionals from diverse backgrounds looking to transition into healthcare management.
- MHA programs may accept students with less work experience but a stronger focus on healthcare. Many MHA students are clinicians looking to move into administrative roles.
Key Highlights for Healthcare Administration MBA Programs
Compare Online Healthcare Administration MBA Program Averages to Campus Averages
When comparing online and campus-based Healthcare Administration MBA programs, prospective b-students should consider many factors. Online programs offer lower average tuition costs ($47,013 vs : $47,013.38) and better average graduate ROI (143% vs 143%), while campus programs have slightly higher average graduate salaries ($83,818 vs $83,818). Both program types have comparable GMAT scores, full-time faculty numbers, and student-faculty ratios, indicating similar academic rigor and support.
Averages | Online Healthcare Administration MBA Programs | Campus Healthcare Administration MBA Programs |
---|---|---|
Average MBA Tuition | $42,181 | : $47,013.38 |
Average Graduate Salary | $82,027 | $83,818 |
Average Graduate ROI | 149% | 143% |
Average GMAT Scores | 574 | 576 |
Average Full-Time MBA Faculty | 72 | 70 |
Average MBA Student Faculty Ratio | : 17:1 | 16:1 |
Read about our ranking methodology.
What is the Average Salary for MBA Healthcare Administration Graduates?
The average graduate salary range for MBA in Healthcare Administration graduates is quite wide. At the lower end, Montreat College reports an average starting salary of just $37,000 for its MBA in Healthcare Administration graduates. On the other hand, Stanford University boasts the highest average starting salary at an impressive $182,272.
The average starting pay across all finance MBA programs hovering around $83,818.
This substantial difference in starting salaries is due to a number of factors including reputation and ranking of the business school, the strength of its alumni network, the cost of living in the state and region, and the industries and locations where graduates find employment. Prospective b-students can research career outcomes and salary data of their target MBA programs to get a clearer picture the earning potential post-graduation.
While a high average starting salary is undoubtedly attractive, the savvy b-student will consider other factors like tuition costs, financial aid, and the overall return on investment when choosing an MBA in Healthcare Administration program.
Average Salaries for Healthcare Administration MBA Graduates
- Average: $83,818 from 866 Healthcare Administration MBA Programs
- Lowest: $37,000 from Elizabeth City State University MBA
- Highest: $182,272 from Stanford University
10 Highest Average Salaries for Healthcare Administration MBA Graduates
- Stanford University - $182,272.00
- Northwestern University - $175,000.00
- Harvard University - $175,000.00
- Columbia University - $162,099.00
- New York University - $161,475.00
- Dartmouth College - $159,842.00
- Massachusetts Institute of Technology - $159,391.00
- University of Virginia-Darden - $157,090.00
- Cornell University - $155,048.00
- The University of Michigan - $153,465.00
10 Lowest Average Salaries for Healthcare Administration MBA Graduates
- Montreat College - $37,000.00
- Grambling State University - $39,900.00
- University of Maryland Eastern Shore - $42,900.00
- Arkansas Tech University - $44,250.00
- Louisiana State University Shreveport - $45,300.00
- The University of North Carolina at Asheville - $45,750.00
- Delaware State University - $46,300.00
- Norfolk State University - $47,300.00
- University of South Dakota - $47,553.00
- Stockton University - $47,700.00
Average Healthcare Administration MBA Graduate Salary by State
- District of Columbia - $121,848
- New Hampshire - $113,255
- Massachusetts - $100,630
- Arizona - $97,127
- Wyoming - $93,010
- Illinois - $92,682
- Washington - $91,447
- California - $90,698
- Michigan - $89,920
- Pennsylvania - $89,328
- Utah - $89,172
- Nevada - $88,249
- Maine - $87,535
- Minnesota - $86,736
- Virginia - $86,642
- Tennessee - $84,991
- New Jersey - $84,703
- Texas - $83,926
- Colorado - $83,807
- Indiana - $83,648
- Iowa - $83,468
- Connecticut - $83,241
- New York - $81,215
- Maryland - $80,131
- Nebraska - $79,913
- Georgia - $79,652
- Alaska - $79,087
- Ohio - $77,307
- Wisconsin - $76,959
- Oregon - $76,503
- Rhode Island - $75,889
- Oklahoma - $75,600
- Hawaii - $74,209
- Florida - $73,349
- Idaho - $72,446
- North Carolina - $71,631
- Missouri - $71,608
- Montana - $69,487
- Alabama - $67,949
- South Carolina - $67,447
- New Mexico - $67,250
- West Virginia - $66,028
- Vermont - $66,000
- Kentucky - $65,025
- Kansas - $64,772
- Mississippi - $64,196
- Arkansas - $62,951
- Delaware - $62,333
- Louisiana - $55,392
- North Dakota - $50,600
- South Dakota - $50,102
What is the Average Tuition for Healthcare Administration MBA Programs?
Investing in your future with a finance MBA can be a very smart decision. On average, you can expect to pay $47,013.38 for a finance MBA program. However, tuition rates can vary significantly, with the most expensive programs costing up to $219,688.00 and the most affordable options starting at $7,048.00.
When comparing in-state and out-of-state tuition for MBA programs in Healthcare Administration, you’ll find that in-state students pay an average of $47,013, while out-of-state students face an average tuition of $57,142. With such a wide range of tuition costs, spanning from $7,048.00 to $219,688, it’s essential to carefully consider your options. Factors that impact tuition rates include your enrollment status, the program type, and whether you attend a private college or public institution. Choosing a highly respected program could provide better value for your money than opting for an out-of-state school.
The ROI of an online MBA program is often more favorable than traditional programs, as students can continue working while studying. According to a 2017 US News survey, the average salary for students three months after graduating from an online MBA program was $96,974, a 22% increase from the average entering salary. The highest average salary increases for online programs hover around 60%. With the right program choice and financial planning, an online finance MBA can be a worthwhile investment in your future, leading to increased earning potential and career advancement opportunities.
Average Tuition for Healthcare Administration MBA Programs
- Average: $47,013 from 325 Healthcare Administration MBA Programs
- Lowest Healthcare Administration MBA: $7,048 from The University of Rhode Island
- Highest Healthcare Administration: $219,688 from Cornell University
10 Most Affordable Healthcare Administration MBAs
- The University of Rhode Island - $7,048.00
- California State University, Bakersfield - $7,176.00
- Indiana University Northwest - $7,458.00
- University of Central Oklahoma - $9,068.00
- University of the District of Columbia - $9,156.00
- Tennessee State University - $9,452.00
- Georgia Southern University - $9,824.00
- University of Idaho - $9,912.00
- Augusta University - $10,590.00
- Northern Arizona University - $11,004.00
10 Most Expensive Healthcare Administration MBAs
- Cornell University - $219,688.00
- Columbia University - $180,258.00
- Stanford University - $165,591.00
- Dartmouth College - $165,442.00
- Massachusetts Institute of Technology - $164,000.00
- Northwestern University - $162,030.00
- New York University - $160,130.00
- Duke University - $157,546.00
- University of Southern California - $154,339.00
- Emory University - $151,689.00
Average Tuition Costs by State for MBA Programs
- New Hampshire - $103,312
- District of Columbia - $83,309
- Massachusetts - $74,395
- Oregon - $61,583
- New York - $61,321
- California - $59,093
- Pennsylvania - $54,581
- Connecticut - $51,233
- New Jersey - $51,100
- Maryland - $50,582
- Illinois - $48,710
- Washington - $48,319
- Ohio - $47,833
- Virginia - $45,876
- Michigan - $45,734
- Minnesota - $44,597
- Tennessee - $44,060
- Arizona - $40,003
- Colorado - $38,995
- Texas - $37,995
- North Carolina - $37,844
- Florida - $37,711
- Utah - $36,682
- Wisconsin - $33,557
- Louisiana - $33,470
- Indiana - $32,023
- Missouri - $31,909
- Vermont - $31,878
- Georgia - $31,430
- Rhode Island - $29,922
- Delaware - $27,790
- Oklahoma - $27,566
- Wyoming - $26,460
- Iowa - $25,779
- Kentucky - $25,407
- South Carolina - $25,244
- Montana - $24,913
- West Virginia - $21,722
- Alaska - $21,467
- Nebraska - $21,340
- Hawaii - $21,288
- Mississippi - $21,282
- North Dakota - $21,022
- Alabama - $21,005
- Nevada - $20,392
- Maine - $19,935
- Kansas - $19,893
- New Mexico - $18,520
- Arkansas - $17,073
- Idaho - $15,079
- South Dakota - $14,503
What is a Typical Healthcare Administration MBA Curriculum?
The MBA in Healthcare Administration has a number of core classes similar to MBAs but also provides specialized medical courses. Working in the medical field requires a basic understanding of clinical terminology. Typical classes will include accounting, financial management, business ethics, human resources, marketing, international business, and quality management. The clinical focuses will include clinical information systems, medical ethics, healthcare policy, healthcare informatics, medical law, healthcare, economics, healthcare management, healthcare systems, and insurance.
- Clinical information systems introduces the MBA to the basic concepts that are associated with electronic health records, including computerized physician order entry, clinical decision support, clinical reporting, electronic health record certification, meaningful use guidelines, and clinical reporting for both inpatient and outpatient settings.
- Medical ethics helps the MBA to understand medical ethics and boundaries within professional interactions in healthcare, including ethics, application and practice management. These include topics such as state medical board reporting, healthcare fraud, physician impairment, confidentiality, risk management, informed consent, conflict of interest, and sexual boundaries.
- Healthcare policy helps the MBA to understand the dynamics between public and private health, including Medicare and Medicaid requirements, healthcare policy and services, gerontology, long-term care services, public health, financial management and healthcare institutions, health literacy, epidemiology, biostatistics, and policy development.
- Medical law includes study of legal considerations within healthcare to include mental health law, ethics, allocation of scarce resources, reproduction, organ donation, abortion, and assisted suicide.
- Healthcare Economics study includes economic principles, economic analysis, health informatics, global health, and US healthcare systems to understand competition in the marketplace, healthcare system dynamics, and insurance management.
- Healthcare Informatics provides the MBA information on electronic health records, healthcare software applications, care delivery systems, systems and analysis, feasibility and cost-benefit analysis, system validation, human factor design, database design, and regulatory requirements.
- Healthcare management which are structured to provide the MBA with skills necessary to manage human resource development and staff relations, cultural competencies, supervisory skills, values-based decision-making, project management fundamentals for healthcare, and systems thinking.
- Healthcare systems aid the MBA in understanding innovative technique application, use of multidisciplinary approaches, process design, business process reengineering, flow management, quality management, and quality improvement.
- Insurance provides the background necessary for client management, account management, associated cost management, HIPAA Certification, individual health insurance, Medicare certification, and consumer directed healthcare.
How to Increase Healthcare Administration Career Options
A number of MBAs in Healthcare Administration combine their MBA in Healthcare administration with industry certifications such as Fellow of the American College of Healthcare Executives (FACHE), Lean Six Sigma Green Belts and Black belts or Certified Quality Engineers. You can intensify the earning effects by an additional $10,000 to $25,000 per year.
What is the Average ROI for Healthcare Administration MBA Programs?
The average ROI full-time for MBA programs in Healthcare Administration is 143% with a highest of 567% and the lowest of 31%.
Return on investment (ROI) is an essential factor when considering which MBA program(s) to apply to. To calculate ROI, consider both the tuition for the MBA program and the average salary a graduate earns. The average tuition cost for an MBA degree in Healthcare Administration is approximately $47,013.38, while the average starting salary for MBA graduates is around $83,817.66. To calculate ROI, you need to subtract the tuition from the salary and divide by the tuition cost. This will give you a rough estimate of how much value you will get out of the MBA Healthcare Administration.
The average ROI for all MBA programs in the United States is 146%. The average ROI for Healthcare Administration programs is 143%.
ROI for Healthcare Administration MBA Programs
- Average: 143% from 866 Healthcare Administration MBA Programs
- Lowest: 31% from Rochester Institute of Technology
- Highest: 567% from Tennessee State University
10 Healthcare Administration MBA Programs with the Best ROI
- Tennessee State University - 566.59%
- California State University, Bakersfield - 547.66%
- The University of Rhode Island - 524.26%
- Indiana University Northwest - 502.82%
- California State University, Chico - 421.77%
- University of Idaho - 386.65%
- North Carolina A&T State University - 385.02%
- Georgia Southern University - 357.29%
- Purdue University Northwest - 352.63%
- Texas A&M University-Kingsville - 349.17%
10 Healthcare Administration MBA Programs with the Lowest ROI
- The University of Tampa - 30.70%
- Cornell University - 35.29%
- St. John's University - 37.63%
- Ohio Northern University - 39.25%
- Tulane University - 41.90%
- Washington and Lee University - 42.70%
- Pepperdine University - 42.78%
- Willamette University - 43.24%
- Columbia University - 44.96%
- Baylor University - 46.20%
Average ROI by State for MBA Programs
- Idaho - 270%
- New Mexico - 235%
- Indiana - 224%
- Maine - 220%
- Nevada - 216%
- North Dakota - 208%
- Rhode Island - 208%
- Nebraska - 207%
- Kansas - 203%
- Georgia - 201%
- Arkansas - 201%
- Montana - 196%
- Hawaii - 189%
- Alaska - 187%
- Mississippi - 185%
- Kentucky - 179%
- Oklahoma - 178%
- Wyoming - 176%
- Utah - 174%
- Alabama - 174%
- South Dakota - 173%
- Texas - 171%
- Tennessee - 170%
- Arizona - 170%
- Iowa - 168%
- Missouri - 159%
- California - 152%
- South Carolina - 152%
- Wisconsin - 148%
- North Carolina - 147%
- Illinois - 142%
- Minnesota - 140%
- West Virginia - 137%
- Florida - 135%
- Maryland - 132%
- Ohio - 131%
- Washington - 131%
- Louisiana - 127%
- Virginia - 126%
- Connecticut - 125%
- Colorado - 125%
- Delaware - 125%
- Michigan - 122%
- Pennsylvania - 104%
- Vermont - 104%
- Massachusetts - 102%
- New York - 97%
- New Jersey - 88%
- New Hampshire - 65%
- Oregon - 64%
- District of Columbia - 62%
What is the Average GMAT Needed for Healthcare Administration MBA Programs?
The Graduate Management Admission Test (GMAT) is a standardized examination used by MBA schools to assess their applicant pool. The test is strategically designed to measure an applicant’s analytical, verbal, writing and mathematical skills. The GMAT is used as a predictor of success in MBA programs and tests one’s ability to successfully handle the advanced quantitative and qualitative study of business and management.
The average GMAT scores full-time MBA programs in Healthcare Administration is 576 with a highest of 737 and the lowest of 370
More than 233 AACSB accredited MBA programs do not require their applicants to take GMAT exam. Many well-known programs such as the University of Michigan and the University of California, Los Angeles no longer require the exam. If you are unsure where you would like to take your program, then you should take the GMAT sooner rather than later so you don’t lose time meeting the score requirement of a program.
The average GMAT score needed for a Healthcare Administration MBA program from an institution is between 370 from Auburn University at Montgomery to 737 from Stanford University. The average GMAT scores for Healthcare Administration MBA programs is 576.
Average GMAT Score for Healthcare Administration MBA Programs
- Average: 576 from 866 Healthcare Administration MBA Programs
- Lowest: 370 from University of Wisconsin-River Falls
- Highest : 737 from Stanford University
10 Highest GMAT Scores for Healthcare Administration MBA Programs
- Stanford University - 737
- New York University - 733
- University of Southern California - 732
- Columbia University - 732
- Harvard University - 730
- University of California, Berkeley - 729
- Northwestern University - 729
- Dartmouth College - 726
- Massachusetts Institute of Technology - 724
- The University of Michigan - 720
10 Lowest GMAT Scores for Healthcare Administration MBA Programs
- Auburn University at Montgomery - 370
- Metropolitan State University of Denver - 390
- University of New Haven - 399
- Stephen F. Austin State University - 420
- Iona University - 420
- The University of Texas at Tyler - 429
- The University of North Carolina at Pembroke - 435
- Tennessee Technological University - 440
- University of North Alabama - 447
- Florida International University - 448
Average GMAT Scores by State for MBA Programs
- New Hampshire - 643
- Vermont - 640
- District of Columbia - 639
- Massachusetts - 623
- Oregon - 608
- Indiana - 602
- Oklahoma - 597
- Maryland - 586
- Ohio - 582
- Mississippi - 581
- Idaho - 579
- New York - 579
- Minnesota - 577
- Pennsylvania - 571
- Illinois - 571
- New Mexico - 569
- Missouri - 566
- Montana - 565
- Iowa - 565
- Tennessee - 564
- Texas - 564
- Maine - 562
- Washington - 561
- Nevada - 557
- South Carolina - 556
- California - 555
- Connecticut - 555
- Virginia - 554
- Arkansas - 553
- Georgia - 551
- New Jersey - 551
- Michigan - 550
- Wisconsin - 550
- North Dakota - 550
- Arizona - 549
- Nebraska - 549
- Utah - 547
- Colorado - 544
- South Dakota - 544
- Kentucky - 541
- Kansas - 536
- Rhode Island - 536
- Delaware - 534
- North Carolina - 533
- Florida - 532
- Louisiana - 528
- Alaska - 524
- Hawaii - 520
- Alabama - 515
- West Virginia - 507
- Wyoming - 460
25 No GMAT / GRE Required Healthcare Administration MBA Programs
Student / Faculty Ratio for Healthcare Administration MBA Programs
Faculty to student ratio is an important factor in the quality of education you will receive. The lower the ratio, the more individualized attention you will receive. The more individualized attention you receive, the greater the odds you will understand the material better.
Student / Faculty Ratio for Healthcare Administration MBA programs offering a Healthcare Administration concentration varies between 3:1 and 63:1 with an average of 16:1 students.
The ratios provided are based off all MBA programs regardless of concentration. To discover what the ratio is for the program you are interested in, research the faculty pages of the school and average size of the programs. Faculty could be part or full time. Many also work in the concentration and can provide the students with real-world examples.
10 Healthcare Administration MBA Programs with the Lowest Student Faculty Ratio
- Massachusetts Institute of Technology - 3:1
- Dartmouth College - 4:1
- Trinity University - 4:1
- Worcester Polytechnic Institute - 4:1
- Washington and Lee University - 5:1
- Stanford University - 5:1
- Willamette University - 5:1
- Woodbury University - 5:1
- Northwestern University - 6:1
- Columbia University - 6:1
10 Healthcare Administration MBA Programs with the Highest Student Faculty Ratio
- Louisiana State University Shreveport - 63:1
- The University of Mississippi - 35:1
- Arizona State University - 34:1
- Lamar University - 33:1
- University of Florida - 32:1
- San Jose State University - 31:1
- California State University, Sacramento - 30:1
- University of Missouri - 30:1
- Baruch College-The City University of New York - 30:1
- Florida Atlantic University - 29:1
Which Healthcare Administration MBA Programs Have the Highest Student Enrollment?
When reviewing how the student population is spread across program formats, you will find the highest concentration of students are, then part time, then full time. The concentration is spread based on flexibility. The higher the flexibility (aka the least amount of scheduled class time), the higher the number of students.
The average Student Enrollment for full-time MBA programs in Healthcare Administration is 324 with a highest of 2,122 and the lowest of 3
There are pros and cons to small cohorts versus large cohorts. Small cohorts can become very cohesive and encourage each other to make it through the program. However, if the personality dynamic is off, it is hard to find new group members in a smaller pool of students.
The large cohorts cultivate a variety of approaches to solve the same problem, help others to think outside of the box and foster creativity. However, you could feel like just a number and desire more individual attention. When researching schools, try to reach out to current students and ask about the culture to help you decide which type of culture best suits you.
10 Healthcare Administration MBA Programs with the Highest Student Enrollment
- University of Southern California - 2,122
- The University of North Carolina at Chapel Hill - 2,031
- Duke University - 2,012
- Boston University - 1,615
- Cornell University - 1,290
- Baruch College-The City University of New York - 1,283
- The University of Michigan - 1,280
- Rice University - 1,277
- Arizona State University - 1,257
- Texas A&M University - 1,231
10 Healthcare Administration MBA Programs with the Lowest Student Enrollment
Career Outlook, Job Opportunities, Roles, Industries for Healthcare Administration MBAs
What is the Career Outlook for Healthcare Administrator MBAs?
Careers as healthcare administrators are expected to grow 20% from present to 2026, based on Bureau of Labor statistics from the US Department of Labor. There is an increasing demand for healthcare services for baby-boomer populations and an increased longevity for the elder population based on healthcare advances. These advances increased the need for healthcare workers and additional healthcare facilities requiring managers who have the skills and talent to manage healthcare delivery.
Where Do Healthcare Administrator MBAs Work?
Using Bureau of Labor Statistics medical and health services managers hold approximately 352,200. The largest employers of medical and health services managers were as follows:
Sector | Avg. Salary |
---|---|
Hospitals; state, local, and private | 36% |
Offices of physicians | 11% |
Nursing and residential care facilities | 10% |
Government | 8% |
Outpatient care centers | 7% |
These included positions such Health Information Managers, Health policy analysts, ambulatory care managers, portfolio managers, strategists, hospital CEOs, project managers, management analyst, and hospital administrators.
What is the Career Outlook for Healthcare Administrators?
The job prospects for healthcare administrators is favorable for the long-term future. Equally important is the number of employees who will be retiring within the next 5 to 10 years. This will necessitate filling a number of leadership positions for which healthcare administration MBAs will likely have the best prospects. The healthcare administration field also has needs for insurance service managers, physician practice managers, and administrators for entire hospitals and long-term care facilities.
Additional Careers Opportunities For Healthcare Administration MBAs
An MBA in Healthcare Administration prepares you to take on a leadership position in a very wide range of clinical leadership and operational settings within a medical center or hospital. The benefits of healthcare administration is that it allows you to work under the umbrella of a broader category of job opportunities.
Healthcare provides many opportunities for the MBA where typical career paths for the MBA would require them to move between organizations. The Healthcare Administration MBA has multiple opportunities within one organization or one facility based on their skills. Here are some examples of possible career opportunities.
- Administrative Support Services Managers plan, direct, and coordinate supportive services of an organization. Their specific responsibilities vary, but administrative service managers typically maintain facilities and supervise activities that include recordkeeping, mail distribution, and office upkeep.
- Clinical managers oversee a specific department, such as nursing, surgery, geriatrics, specialty care, or physical therapy, and have responsibilities based on that specialty. Clinical managers set and carry out policies, goals, and procedures for their departments; evaluate the quality of the staff’s work; and develop reports and budgets.
- Insurance Underwriters decide whether to provide insurance and under what terms. They evaluate insurance applications and determine coverage amounts and premiums.
- Group Practice Managers manage access, efficiency, productivity, missed opportunities, clinic practice management, pending appointments, and management of consults.
- Healthcare Business Consultants utilize their background in healthcare administration and Masters in Business Administration knowledge to provide consultative services to small medical practices and large hospitals to promote efficiency and operational excellence. Many healthcare providers seek to optimize their practices and hospitals desire to better manage their costs.
- Health information managers (HIMS) are responsible for the maintenance and security of all patient records and data. They must stay up to date with evolving information technology, current or proposed laws about health information systems, and trends in managing large amounts of complex data. Health information managers must ensure that databases are complete, accurate, and accessible only to authorized personnel.
- Facility planners manage operations which tied to strategic planning and require close liaison with hospital leadership to lead studies and research and analysis of organizational trends.
- Nursing home administrators manage staff, admissions, finances, care of the building facility and regulatory requirements, as well as care of the residents in nursing homes. All states require licensure for nursing home administrators and the licensing requirements vary by state.
- Project managers for a number of facilities are sought as MBAs because of their financial strength and analytical background necessary for process improvement, quality improvement, hospital growth, and strategic planning.
What Skills Make a Successful Healthcare Administrator MBA?
Sector | Description |
---|---|
Analytical skills | Are a necessity to understand data, performance improvement and process operations. |
Communication skills | Are utilized to effectively communicate information to employees for initiatives and other factors which affect the care they provide to patients. |
Detail oriented | Healthcare administrators are required to keep a pulse on hundreds of operational components, some complex others not as complex. |
Interpersonal skills | Are a key requirement of healthcare administrators because the higher an individual moves within an organization the greater reliance they have on their interpersonal skills to achieve goals. |
Leadership skills | Administrators are required to have skill sets which aid them in aligning strategic goals with patient care and financial viability. |
Technical skills | Today’s hospital administrators must be aware of changes in healthcare technology and data analytics. |
Healthcare Administration Licensing Information
A license is not typically required for hospital administrators. Quite often there are requirements for minimum education degrees, such as Bachelor’s degree or Master’s degree. Some facilities prefer certification designations such as American College of Health Care Administrators (FACHE) or American Health Information Management Association (AHIM).
All states do require licensure for nursing home administrators. The requirements vary by state. In most states, these administrators must have a bachelor’s degree, complete a state-approved training program, and pass a national licensing exam. Some states also require licensure for administrators in assisted-living facilities through Long Term Care Administrator Boards.
How We Rank Healthcare Administration MBA Programs
The team at responsible for program rankings at MBAGuide.org comprises of data science and product management experts. Our ranking team works independently from the editorial team and is not influenced by editorial decisions.
MBAGuide.org employs a comprehensive ranking methodology that combines quantitative data (80% of the score) with qualitative assessments (20%) to evaluate MBA programs. The quantitative component considers factors such as student-faculty ratio, tuition, enrollment, and post-graduation salaries, while the qualitative aspect incorporates editorial ratings and school reputation, providing a well-rounded view of each program’s quality and value.
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