MBA In Healthcare Management In The USA Guide 2024

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22 Apr, 2024

Getting an MBA in Healthcare Management in the USA is relatively easy, with 34 universities nationwide offering the same programme. One should know that clinical human resources, clinical group administration pharmaceutical companies, and health system management companies are among the top recruiters for students who have obtained an MBA in Healthcare management in the USA. Thus, an MBA is a preferred choice by many international students who wish to gain ample employment. MBA students earn anywhere between $72,263 to $1,00,000 annually.

This article acts as a guide for students to get an MBA in healthcare management in the USA.

Why Study An MBA In Healthcare Management In The USA?

In the USA, having an MBA in healthcare management offers numerous benefits. Some of them are:

This field includes proper collaborations between healthcare professionals, such as doctors, nurses, technicians, and the healthcare managers overseeing the operations.
The managers often engage with insurance representatives and patients directly.
The intake of medical and health services managers in the USA is expected to increase by almost 32% from 2020 to 2030.
Over the next decade, around 51,800 new positions are expected to ask for Student visa in the USA, with many openings arising due to replacements and workforce transitions, including retirements.

Top Universities For MBA In Healthcare Management In The USA

Pursuing an MBA in Healthcare USA and learning the rules and authoritative management techniques help healthcare organisations within their budgets, achieving standards for patient care. This produces excellent results and is the best approach to acquiring the abilities necessary for effective healthcare management. Among the hospital management MBA programmes offered by US universities are:

Salem University – West Virginia, USA

Salem University falls under the accreditation by the Higher Learning Commission. International students are prepared for advanced business responsibilities with healthcare providers and company enterprises through the online MBA in the USA programme focusing on healthcare management.

MBA courses in the USA within this university always assist students in making decisions by providing them with knowledge of the healthcare monitoring environment, financial requirements, and patient service objectives.

Type of University	Private
MBA Programme Name	MBA in Healthcare Management
Course Duration	1 year
Programme Fee	14,160 USD/year

Boston University- Boston, Massachusetts, USA

Boston University is the second-largest University in the United States. It is known as one of the best colleges that offer an MBA in health sector management. This university also provides some health industry mentoring programmes through which students can engage with professionals from the healthcare industry.

Type of University	Private
MBA Programme Name	MBA in Health Sector Management
Course Duration	2 years
Programme Fee	58,560 USD/ year

Our Lady Of The Lake University- Houston, Texas, USA

This university is located in Houston, Texas. It offers an MBA in Healthcare Management Programme. More details are given below:

Type of University	Private
MBA Programme Name	MBA in Healthcare Management
Course Duration	2 years
Programme Fee	33,300 USD/year

Clarkson University- New York, USA

The MBA in Healthcare Management programme at Clarkson University is the only university that offers dual certification from CAHME and AACSB. More course-related details are given below:

Type of University	Private
MBA Programme Name	MBA Healthcare Management
Course Duration	1-2 years
Programme Fee	37,568 USD/ year

Broward International University- Florida, USA

Broward International University offers the MBA in Healthcare Management programme at Clarkson University. The programme is designed for international students to become more successful in health-related facilities.

Type of University	Private
MBA Programme Name	MBA with a Concentration in Healthcare Business Management
Course Duration	1.5 years
Programme Fee	12,024 USD/ year

Eligibility For An MBA In Healthcare Management In The USA

A student will be expected to have a background in the healthcare industry. They are also expected to pass their degree with excellent marks. Some detailed eligibility criteria are mentioned here:

Degree: Minimum score of 50% in the four-year-long graduation course
Work Experience: 2 to 3 years.
Language Test: Students will have a minimum score of 6.5 in IELTS or 90 in TOEFL.

Documents Required For MBA In Hospital Management In The USA

MBA in Healthcare Management in the USA students must require some of the important documents listed below.

SOP
2 or 3 letters of recommendation
3 to 4 essays (for writing skills)
GRE Score (Optional)
Updated Resume
Academic Transcripts
Copy of Student Visa
Passport size photographs

Cost Of Studying MBA in Healthcare Management In The USA

International students may wonder where to stay, their budget, and other costs like food insurance and tuition. Details of the particulars for the monthly cost about the cost of living in the USA is given here:

Particulars	Cost (Monthly)
Utility Cost	$180
Entertainment	$48
Groceries	$52
Clothes	$102
Housing Fees	$525
Hostel Fees	$871
Transportation	$70
Food Cost	$527
Total Cost of Living with no Boarding Fees	$1,504
Total Cost of Living with Boarding Fees	$1,850

Admission Process For MBA In Healthcare Management In The USA Universities

But for every international student who wants to get admitted for MBA in Healthcare management in the USA, there are some steps they should know. Details of the same are given here:

Step 1: Research some top universities regarding all MBA courses offered.
Step 2: In the following step, students should fill in the admission forms that the universities release
Step 3: The third step allows the student to check for the eligibility criteria for an MBA in Healthcare management in the USA
Step 4: In the following step, students should submit the application form to the university
Step 5: If the application is selected, the students will receive a confirmation email in the next step.
Step 6: Students must accept the letter before the deadline and revert as soon as possible.
Step 7: Application to be made for USA student visa and then planning of the journey to the USA should be made.

Scholarships To Study MBA In Healthcare Management In The USA

Students who cannot afford or fall short of funds to back their students can go for scholarships. The following scholarships are available for international students and domestic students alike:

Fulbright Foreign Scholarships:

Available for artists, graduates, and professionals.
Provided by the US government for higher education.
Covers study costs, books, health insurance, monthly stipend, and flight tickets.

The MasterCard Foundation:

Awarded to 15,000 students annually, irrespective of nationality.
Covers all essential study expenses.

Students can also use UniScholars’s scholarship database to find their match. They will also receive free customised counselling sessions based on their profile.

Comparison Between MBA And Masters In Healthcare Management

A student must decide after carefully considering the future in their mind. The comparison between MBA and Masters in Healthcare management is given below:

Parameters	Masters in Healthcare Management	MBA
Cost of studying	The MHA course fee is less than the MBA but more than other MA programmes.	MBA is costly which is around 30-40 lakhs or more.
Scope	Specialised for all kinds of hospital settings.	It is applicable across various industries.
Who Can Benefit	Healthcare industry leaders range from entry-level to experienced leaders.	Students looking for more career changes and business leaders.

Healthcare Management Salary In The USA

The average salary in the sector is around 72,263 USD a year, which is about the top 10% of employees earning more than 186,600 USD per year. In addition to the annual salaries, employees are entitled to other benefits. These include employee assistance programmes, Health Insurance, paid time off, parental leave, and tuition reimbursements.

Salary Range	Description
$70,235 – $78,338	Entry-level Health Care Information Management salary in the United States
$78,338 – $87,237	Early-career Health Care Information Management salary in the United States
$87,237 – $104,506	Mid-career Health Care Information Management salary in the United States
$104,506 – $120,227	Senior Health Care Information Management salary in the United States
$120,227 – $150,000+	Executive Health Care Information Management salary in the United States

FAQs

Q1. Who is eligible for an MBA in healthcare management in the US?

Ans. Students who have at least 2 to 3 years of graduation degree in Healthcare management are eligible to pursue an MBA in Healthcare Management in USA

Q2. How much does an MBA in healthcare management cost in the USA?

Ans. The Average cost of an MBA in Healthcare management in the USA is around 30000 to 10000 dollars.

Q3. What is the salary of an MBA in healthcare management in the US?

Ans. The salary of an MBA in Healthcare Management in USA is around 70000

Q4. Is healthcare management in demand in the USA?

Ans. Yes, healthcare management is in high demand in the USA.

Q5. Is an MBA in Healthcare Management in the USA worth it?

Ans. Yes, getting an MBA in healthcare management is worthy of consideration, as it can lead to a huge increment in salary.

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