Master of business administration (MBA) is an internationally recognized degree designed to acquire skill in business and its management.
The value of an (MBA) is not limited around a business world.
An MBA acquired can also be useful for those individuals pursuing a managerial career both in government, public, private sector and other area.
Some MBA programs include a (core) curriculum of subject, such as economics, marketing, accounting and operation as well as selective courses that allow participants to follow their own personal professional interest.
Some schools sends their MBA student on an internship at a company or organization to create a practical work experience which leads to concrete job opportunities after the program.
Most quality business schools requires that candidates have at least a few year of professional work experience before starting an MBA program. While some universities requires applicants to submit graduate management admission test (GMT) or graduate record examination (GRE) score, letter of reference, an essay or statement of purpose that reflects why they want to pursue an MBA.
Non-English speaking applicants are required to present prove of adequate English skill with at least IELTS score. Or through previous academic experience.
The MBA is currently the most popular professional degree in the world today.
There are over 350 MBA program offered worldwide, while some schools offers scholarship to its international student.
Why is MBA Important
An MBA can help you meet people, taking an MBA course will surround you with professors, faculty, and students from all over the world. Internship which are required component of many MBA programs are a way to bring you close to the companies and industry you are interested in.
Students who want to shift from one industry to another will find that, an MBA can help them with specific information and knowledge that may be necessary for the industry.
An MBA program can be a good way to move to another city or even another country, Being in a new place for one or two years can help you get the lay of the land, find company you want to work for and arrange meeting with potential employers.
Top 10 MBA program with a specialization in healthcare.
We have listed the top ranked campus based MBA programs in the United States that offers a specialization in healthcare management or administration.
- University of Minnesota
The University of Minnesota, Twin Cities is a public land-grant research university in the Twin Cities of Minneapolis and Saint Paul, Minnesota. The Twin Cities campus comprises locations in Minneapolis and Falcon Heights, a suburb of St. Paul, approximately 3 miles apart.
University of Minnesota features a full-time MBA with a medical industry specialization. Courses cover areas like:
- the pharmaceutical industry
- information technology in healthcare
- the medical device industry
- the healthcare marketplace
Experiential learning opportunities are available through multiple sources including:
- the Medical Industry Valuation Laboratory
- the Medical Industry Leadership Institute
- case competitions
2.Washington University – Saint Louis, Missouri
Washington University in St. Louis is a private research university in Greater St. Louis with its main campus mostly in unincorporated St. Louis County, Missouri, and Clayton, Missouri. Louise features a dual MBA/Master of Public Health (MBA/MPH) degree that meets the need for professionals to bridge the fields of business, policy, and medicine
3. Boston University – Boston, Massachusetts
Boston University is a private research university in Boston, Massachusetts. The university is nonsectarian, but has a historical affiliation with the United Methodist Church.
Boston features an innovative health sector MBA and MPH program administered jointly by the School of Public Health and the Questrom School of Business. This rigorous full-time program can be completed in just 21 months. Health sector courses cover:
- health sector issues and opportunities
- health care delivery systems
- drugs, devices, and diagnostics
4. Harvard University – Cambridge, Massachusetts
MBA will position your career on a higher plane as you acquire the advanced business knowledge, interpersonal and analytical skills you need to negotiate, make bold business decisions and lead your organization to success.
Harvard Business School offers a two-year, full-time MBA program with a general management curriculum focused on real-world practice.
5. Columbia University – New York, New York
Columbia University is a private Ivy League research university in New York City. Established in 1754 as King’s College on the grounds of Trinity Church in Manhattan, Columbia is the oldest institution of higher education in New York and the fifth-oldest institution of higher learning in the United States.
Columbia’s MBA Program curriculum prepares students to lead, build, and manage enterprises while instilling an awareness of the societal effects of business decisions.
In the first year, the intensive core curriculum provides the foundation of broad management skills necessary to succeed in any industry. In the second year, students select courses relevant to their specific career goals from a wide range of Business School electives and optional graduate-level classes taught at one of the University’s 12 graduate and professional schools.
6. Carnegie Mellon University – Pittsburg, Pennsylvania
The Master of Business Administration (MBA) and Master of Science in Healthcare Policy Management (MSHCPM) joint degree program is a concurrent five semester program. It’s focused on the economic, political, and financial environment. The Tepper School of Business and the Heinz College of Information Systems and Public Policy offer this program jointly. Courses cover areas like:
- health economics
- health care information systems
- health care management
- health policy and management systems
Students spend their first two semesters at Tepper. The three remaining semesters are integrated with business and healthcare. Either GRE or GMAT score are required for acceptance into the program.
7. La Trobe Business School
Students at La Trobe can undertake a joint degree: Master of Business Administration and Master of Health Administration. Students will be required to complete seven subjects from the existing Master of Health Administration program and nine subjects from the MBA program.
Graduates can find work in senior management roles in the public and private sectors, including hospitals, health centers, research centers, pharmaceutical companies, insurance providers, consulting firms and government organizations.
8. Cornell University – Ithaca, New York
Our top choice for a healthcare MBA is the Executive MBA/MS in Healthcare Leadership dual degree program at Cornell University’s SC Johnson College of Business. It’s the only program of its kind offered by an Ivy League university. Students receive both an MBA and an MS in healthcare leadership. Courses are taught in New York City through weekend classes and residential sessions. The program takes two years to complete and students can begin the program during the summer semester. The Johnson MBA provides a solid foundation in all the functional areas of business:
- operations management
Healthcare courses cover areas like:
- Health data analytics
- healthcare leadership
- health informatics
All courses are taught by industry experts and business leaders experienced with the quickly evolving field of healthcare administration.
9. University of Virginia – Charlottesville, Virginia
The top healthcare MBA at the University of Virginia’s Darden School of Business prepares students to think both ethically and creatively about trending healthcare issues. During the program’s first year, students focus on managerial concepts in areas like:
- leadership and finance
The second year allows students to explore their own interests and apply their knowledge of business to the health care industry. Students design their Darden Business Project in healthcare to showcase their skills. Professional development opportunities are available through the Darden Health Care Club and the Institute for Business in Society.
10. Rice University – Houston, Texas
The Jones Graduate School of Business at Rice University offers a top MBA in healthcare. It provides students with an understanding of business practices across the different interlocked sectors of the healthcare industry. Courses cover areas like:
- health insurance in the US
- innovation and entrepreneurship
- mindfulness and performance in organizations
- healthcare strategy
The program is open to full-time, professional and executive MBA students.