Massachusetts Healthcare Management MBA Degrees

The Master of Business Administration (MBA) in Healthcare Management and the Master of Health Administration (MHA) are degree programs for people who want to become senior executives in the healthcare industry. These degree programs are designed for those who want to learn more about managing the business side of the healthcare organization. These graduate degree programs focus on various topics like the development of leadership strategies, managing the healthcare system, controlling finances within the healthcare industry, administration of healthcare information systems, and more. For those who are hoping to take on a position of senior leadership in this field it is vital to finish either the MHA or the MBA in Healthcare Administration degree to prepare them for the challenges in this particular industry.

Salary and Job Outlook

The U.S. Bureau of Labor Statistics (BLS) has reported that the average pay for healthcare managers at the bachelor’s degree level was about $94,500 per year as of May 2015. For those with a master’s degree, the salary would be $15,000 per year more. In Massachusetts, there are approximately 11,850 healthcare managers. This is more than in states like Alaska and Hawaii, but less than in states like Illinois and Ohio. The annual salary is $112,050. This is higher than in states like Iowa and Indiana, but lower than in states like Connecticut and in the District of Columbia.

According to the BLS, managers working for the healthcare industry can expect to see a rise in employment opportunities of 17% from 2014 to 2024. This represents a much faster rate compared to other occupations. It is also believed that this is growth is sustainable because the population of the state is aging as a result of the aging baby boom generation. Moreover, the population also has increasingly complex healthcare needs and demands. Furthermore, the implementation of the Affordable Care Act has resulted in a substantial increase in the need for executives who can bring the cost of healthcare down without causing the quality of care to be degraded.

For those who are planning to study towards an MBA in Healthcare Management or an MHA, it is very important to look for the college or university that fits their requirements. This is done by examining the various choices that are available. Below are the five best MBA in Healthcare Management programs available in Massachusetts that you may want to consider. Make sure to contact at least three of these schools before deciding on which one to choose so that you can have a feel of what is actually being offered.

1. Harvard University

Harvard University is one of the best known Ivy League schools in the world, and their MBA program is, unsurprisingly, highly respected. The MBA in health care immerses students into the business side of the health care industry, while at the same time helping them to develop the leadership skills they require in order to take their health care career to the next level. Harvard offers a general management MBA program, combining this with the Field 3 entrepreneurial engagement strategy. This means that graduates will learn about the most innovative strategies and solutions that exist to face health care challenges.

• Campus: Boston, MA
• Type: Private
• Accreditation: NEASC
• Tuition: $56,175 per year
• Minimum time commitment: 36 credit hours
• Online availability: No
• Degree requirements: Bachelor’s degree, GMAT/GRE, TOEFL/IELTS/iBT if applicable, transcripts, essay, two letters of recommendation, resume, interview
• Programs: MBA in Healthcare
• School Site: Tuition and Financial Aid

2. University of Massachusetts at Dartmouth

The University of Massachusetts at Dartmouth offers a top MBA degree program that is interesting for any type of business experience. This includes those who have already taken on positions of leadership, and also those who are just starting on their career. The program is AACSB accredited and comes with a concentration in Health Systems Management. Graduates from the program are respected for their deep understanding in policy challenges and the management of services within the health care industry.

• Campus: Dartmouth, MA
• Type: Public
• Accreditation: AACSB
• Tuition: $518 per three hour class for in state students and $2025 for out of state students
• Minimum time commitment: 24 credit hours
• Online availability: Yes
• Degree requirements: GMAT, resume, statement of purpose, transcripts, two letters of recommendation, TOEFL if applicable.
• Programs: MBA in Healthcare Management
• School Site: Tuition and Financial Aid

3. Northeastern University – D’Amore-McKim School of Business

Northeastern University’s D’Amore-McKim School of Business has created an online MBA program with a Healthcare Management concentration. This enables students to learn about how the health care system in this country has evolved into what it is today, and how it will continue to evolve. Students are exposed to the latest proposals and policies that are applicable to the health care industry. Additionally, they learn to understand how an action they take will affect all other elements of the industry. Additionally, graduates are respected for their knowledge of the business aspect of health care. This is because they have a great understanding of strategic formulation and strategic decision making.

• Campus: Boston, MA
• Type: Private
• Accreditation: AACSB
• Tuition: $1,513 per credit hour
• Minimum time commitment: 24 credit hours
• Online availability: Yes
• Degree requirements: Transcripts, resume, essay, two letters of recommendation, GMAT/GRE, TOEFL/IELTS/PTE if applicable, green card if applicable, GPA of 3.0
• Programs: MBA in Health Care Management
• School Site: Tuition and Financial Aid

4. Boston University – Questrom School of Business

At Boston University’s Questrom School of Business, students can take part in a dual MBA and Master of Public Health in Health Policy and Management degree. This is one of the most demanding programs in the country and those who graduate from it have a solid and deep foundation in the management of business, while also understanding how public health affects the health care industry of this nation. The curriculum is highly integrated, incorporating elements of business, health care, and public policy. In so doing, graduates gain a very broad perspective of how the health care industry as a whole operates in this country. Graduates are in high demand for their skills and knowledge to manage the entire industry effectively and innovatively.

• Campus: Boston, MA
• Type: Private
• Accreditation: NEASC
• Tuition: $69,624 for the program
• Minimum time commitment: 21 months
• Online availability: No
• Degree requirements: Essays, two letters of recommendation, transcripts, GMAT/GRE, TOEFL if applicable.
• Programs: Health Sector MBA + MPH
• School Site: Tuition and Financial Aid

5. Simmons College

Simmons College is very proud to of its part time health care MBA program. It has been found to be perfect for those who are already employed. However, because it is a part time program, it does take at least three years to complete it. The program builds on the strengths of the school’s MBA program, but at the same time it depends on the skills and knowledge of the school’s health care faculty. This health care MBA program is fully accredited by the AACSB, which means it is one of the top programs in the nation. Interestingly, 67% of the curriculum of the program focuses on health care. The vast majority of MBA programs that have a health care concentration have a much smaller focus on health care as a whole.

• Campus: Boston, MA
• Type: Private
• Accreditation: AACSB
• Tuition: $1,374 per credit hour
• Minimum time commitment: 48 credit hours
• Online availability: Yes
• Degree requirements: Three essays, two letters of recommendation, transcripts, resume, TOEFL/IELTS if applicable
• Programs: MBA in Healthcare
• School Site: Tuition and Financial Aid