Demand for talented healthcare administrators has rarely been higher. Now is the best time to advance your career down the path of success. According to glassdoor.com, the average salary for healthcare administrators is $64,493; a number that is always increasing as more organizations seek strong management. An MBA in Healthcare Administration shows future employers you have the knowledge and skills to efficiently manage healthcare organizations.
Table of contents
- What Is The Difference Between a MBA (Master of Business Administration) in Healthcare Administration and an MHA (Master of Health Administration)?
- What Do Healthcare Administrators And Healthcare Managers Do?
- How Long Does It Take To Earn A Healthcare MBA?
- Which School Has the Most Affordable MBA in Healthcare Administration?
- Best 25 MBA in Healthcare Administration in 2020
What Is The Difference Between a MBA (Master of Business Administration) in Healthcare Administration and an MHA (Master of Health Administration)?
While searching for an MBA in healthcare administration you may find schools offer MHA degrees instead. Indeed, many colleges use these terms interchangeably. Coursework for either usually covers business management and healthcare systems, and most employers will accept either degree when hiring candidates for administrative or managerial positions.
What Do Healthcare Administrators And Healthcare Managers Do?
Administrators generally oversee the staff at a medical facility. Their responsibilities include hiring qualified staff and managing facility finances within a complex ethical and legal environment. Healthcare managers oversee broader day-to-day operations involving patient care, organization, and general business.
How Long Does It Take To Earn A Healthcare MBA?
An MBA takes an average of 2 years to complete. Most MBA programs require at least a bachelor’s degree as a prerequisite. A bachelor’s degree in a related field, such as finance or medicine, is ideal. Some schools prefer work experience, though this is not always necessary. Applicants will usually be expected to pass the GMAT with a certain minimum score. In all, expect at least 6 years of education total.
Which School Has the Most Affordable MBA in Healthcare Administration?
The following list is our assessment of 25 schools that offer MBA programs or equivalent degrees with a focus on healthcare administration programs. We ranked these schools based on graduate-level tuition cost and overall graduation rate in order to rank them on a competitive scale. Take a look at our picks for affordable Healthcare Administration programs below.
If you’re struggling to find the right healthcare MBA programs, use our degree selector tool to tailor your results.
|1||California State University Los Angeles – (MBA) Healthcare Management – 93 Points||Los Angeles, California|
|2||University of North Florida – (MHA) Master of Health Administration – 78 Points||Jacksonville, Florida|
|3||University of South Florida – (MHA) Master of Health Administration – 77 Points||Tampa, Florida|
|4||University of Kansas – (MHSA) Master of Health Services Administration – 70 Points||Lawrence, Kansas|
|5||Arkansas State University – (MBA) Health Care Management Concentration – 66 Points||Jonesboro, Arkansas|
Best 25 MBA in Healthcare Administration in 2020
California State University Los Angeles – (MBA) Healthcare Management – 93 Points
CalState Los Angeles offers a leadership-focused MBA program with an option to focus on Healthcare Management. Interested students are asked to have a minimum of 2 years work experience, two letters of recommendation, and a professional resume. The program offers flexible scheduling and industry events with employer partnerships all under one of the most affordable yearly tuition structures in the country.
University of North Florida – (MHA) Master of Health Administration – 78 Points
The MHA program at the University of North Florida includes hands-on experiential learning working with domestic and international healthcare organizations such as the Mayo Clinic. Those without an undergrad degree in business administration or healthcare administration will be required to take prerequisite courses. This is a good budget choice for students seeking entry-level administrative positions as well as those with existing employment experience.
University of South Florida – (MHA) Master of Health Administration – 77 Points
A public health minded program, the University of South Florida offers interdisciplinary collaboration across school departments and internships within the community. Work experience is preferred but not required, and the program accepts recent undergrad graduates as well as those seeking professional development. Prerequisite undergrad coursework may be required for those who have not completed microeconomics or accounting classes.
University of Kansas – (MHSA) Master of Health Services Administration – 70 Points
The University of Kansas Medical Center’s MHSA program is offered for both full and part time students. Full-time students can expect to complete their degree in approximately 2 years while part-time students can reach completion in 3-4 years. They also offer dual degree programs that pair the MHSA with an MD, MS-Nursing, and other medical-related fields.
Arkansas State University – (MBA) Health Care Management Concentration – 66 Points
The MBA program at Arkansas State University allows students to tailor their learning experience by offering on-campus and completely-online options as well as late-afternoon to evening classes. Students are required to complete Business Foundation prerequisite courses, which may be taken at either the undergrad or graduate level. Furthermore, admissions into the graduate school require a baccalaureate degree with a minimum undergrad GPA of 2.75.
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Wichita State University – (MBA) Health Care Administration Concentration – 63 Points
Offering a traditional MBA with modern schedule sensibilities, Wichita State University appeals to professionals looking for a fast track to their master’s degree. Classes are offered full and part time in a 8 week hybrid structure that is part on-campus part online, or a fully online 8 week structure. Students are not required to complete a thesis.
Plymouth State University – (MBA) Healthcare Administration Certification – 58 Points
Plymouth State University allows students to pursue an MBA with an added graduate certificate in Healthcare Administration, or take the graduate-level certificate as a stand-alone program for professional development purposes. The degree can be completed either fully online, or in-person as a member of a 1 year cohort. To pursue the MBA program, students are required to have a cumulative undergrad GPA of 3.0 or above, three professional recommendations, a statement of interest, and a current resume. For the certificate program alone, students must have a bachelor’s degree and maintain a 3.0 GPA.
Eastern Washington University – (MBA) Health Services Administration – 56 Points
In addition to a robust on-campus undergrad and graduate Health Services Administration program, Eastern Washington University also offers fully online MBA and professional certification options. Full-time students can complete the program in a year depending on relevant experience, which may effect total expected tuition. Students are expected to have a bachelor’s degree, resume, and a cumulative GPA of 2.5.
University of Pittsburgh – (Dual MBA/MHA) Health Policy & Management – 55 Points
The University of Pittsburgh’s joint MBA/MHA combines financial and management training with health policy analytics and quality improvement skills. While more expensive than most in terms of tuition, this school scored the highest overall in our graduation rate assessment. Students must be accepted into both of the graduate programs for the School of Public Health and the School of Business. A management residency and master’s essay will also be mandatory.
Virginia Commonwealth University – (MBA) Health Care Management – 54 Points
Focusing on furthering education for busy adults, Virginia Commonwealth University lets students choose between full or part time evening classes, Executive weekend classes, or fully online classes in pursuit of an MBA with a Health Care Management concentration. Evening program students require a bachelor’s degree. Online students are preferred to have 18+ months professional experience while Executive weekend students require 5+ years work experience.
University of Arizona – (MBA) Healthcare Management Concentration – 53 Points
The University of Arizona’s full-time MBA program boasts a 21 month completion rate and offers dual degree options at no additional time cost. Interested students are required to have official undergraduate transcripts, a professional resume, and one letter of recommendation. Additionally, students will have to complete two comprehensive essays, with a third required for scholarship consideration.
Texas Tech University – (MBA) Health Organization Management – 52 Points
The MBA program at Texas Tech University is designed for full-time professionals with 2 years healthcare industry experience and a bachelor’s degree. Classes are divided into Fall and Spring Blocks at 4 days a week for one month, with weekend classes in the summer once a month. The school offers hybrid learning opportunities to work on courses online between in-person classes.
Stony Brook University – (MBA) Health Care Management – 51 Points
Stony Brook University offers their MBA degree in two separate tracks depending on undergrad degree concentration; meaning those with a bachelor’s degree in business will not have to take as many classes in order to receive a degree. Students do not need prior work experience, but will need to achieve a GPA of at least 3.0 by the end of the program. Part of the program may be taken online.
University of Nebraska at Omaha – (MBA) Health Care Management – 50 Points
The MBA program at the University of Nebraska at Omaha offers flexible evening and online class options as well as traditional graduate school classes. In addition to a 2.8 GPA and up-to-date resume, students will be required to take foundational courses in accounting, economics, statistics, and algebra. Foundational courses must be passed with a 3.0 grade or above.
University of Central Arkansas – (MBA) Health Care Administration – 49 Points
The University of Central Arkansas Health Care Administration MBA prepares students to become administrators, project managers, and policy analysts. In order to gain admission, students must have a bachelor’s degree, a cumulative GPA of at least 2.70, 2 letters of recommendation and a current resume. Additionally, prospective students are expected to present a 750 word written Statement of Purpose.
University of Alabama – (MSHA) Executive OR Residential Format – 48 Points
The University of Alabama provides two formats for graduate students to achieve their Master of Science in Health Administration degree. In the Executive format, professionals with 5+ years experience attend on-campus classes for one week three times a year while continuing classes online in between. The Residential format is a full-time on-campus experience with 9-12 months in administrative residency.
Morehead State University – (MBA) Health Systems Management – 44 Points
In addition to traditional full-time on-campus courses, Morehead State University makes its MBA program available online to serve working professionals. Admission for graduate study includes a baccalaureate degree with a minimum cumulative GPA of 2.5. Some foundational courses may be required depending on previous undergraduate credits.
Arizona State University – (MBA) Health Care Management Specialization – 43 Points
Arizona State University’s full-time STEM-eligible MBA program features cross-discipline learning labs and connections with executive mentors to help build leadership skills and career preparation while in school. Students can join specialized academic clubs – including Healthcare Club – for further immersion in the field. Applicants are expected to have at least a bachelor’s degree, resume with 3-5 years work experience, and answer short essay questions.
Fayetteville State University – (MBA) Healthcare Management – 41 Points
The program at Fayetteville State University offers an MBA degree as well as graduate-level certification in the healthcare management field. Students seeking an MBA are expected to have a bachelor’s degree and a minimum undergrad GPA of 2.75. Those seeking only the graduate certificate must have a bachelor’s degree and a minimum undergrad GPA of 2.50.
Georgia State University – MBA/MHA Dual Degree – 40 Points
Georgia State University offers a joint Master of Business and Master of Health Administration degree including a course of administrative residency. This program focuses on helping graduates find rapid placement within the industry. Students are required to submit at least one essay as part of the application process.
University of Louisiana at Lafayette – (MBA) Health Care Administration – 39 Points
The MBA program at the University of Louisiana is accessible on campus or online. The online course is accelerated over the course of 8 weeks. Students will participate in an internship program as part of their studies. In addition to the school’s admission requirements, students may be expected to take foundational courses depending on previous undergrad studies.
Framingham State University – (MHA) Health Administration – 38 Points
Framingham State University’s MHA degree aims to develop the skills needed for a mid-level career in health administration. Evaluation of a student’s entry into the program is based on previous work experience and undergrad degree grades. An essay and two letters of recommendation are also mandatory. This program is only open to professionals with experience in the field.
Middle Tennessee State University – (MBA) Healthcare Management – 34 Points
The Healthcare Management MBA at Middle Tennessee State University covers comprehensive courses in accounting, economics, finance, information systems, management and marketing. Incoming graduate students must have a bachelor’s degree with at least a 2.75 GPA. Foundational courses are required, but may be completed after admission into the program.
University of Colorado at Denver – (MBA) Health Administration – 33 Points
Offering full time, part time, and online options for evening classes, the University of Colorado at Denver’s MBA program is aimed at students who desire flexibility in their graduate education. While an undergrad degree is required, work history is not mandatory. Students without industry experience can apply for an administrative residency or fellowship.
Indiana University/Purdue University – (MBA) Physician-Only – 18 Points
This selective MBA program from Indiana University-Purdue University is targeted at practicing physicians focused on career advancement into positions such as CMO. As such, prospective students must have an MD or DO degree eligible to practice in the United States. At least three years of post-residency experience is mandatory. Taking the GMAT is not required.
If you’re still unsure which program fits your budget, use our degree finder tool to search for an MBA in Healthcare Administration tailored to your exact needs.
Our Ranking Methodology
Graduate tuition rates were gathered from each school’s website by in-state and out-of-state rates on a per-year basis. If tuition was listed by credit hour we multiplied by 24 to achieve an estimated yearly (two semester) cost. Tuition values can vary depending on the year, how the school factors its rates, and how long a student takes to complete a program. For graduation rates we factored in the school-wide average over six years as reported by the school.
We sorted schools by lowest tuition and highest graduation rate, assigning points to each on a 100 point scale. 50% of the scale consisted of tuition (25% in-state, 25% out-of-state) and 50% consisted of graduation rate. Adding these scores gave us our final total for ranking.