What is an online MBA for doctors?

An MBA for doctors after they’ve become qualified medical professionals is a specialized program designed to help them gain important business skills that are specifically relevant to the healthcare field. This unique Master of Business Administration program takes doctors beyond their medical training and equips them with a deep understanding of business fundamentals combined with healthcare-specific knowledge. This prepares them to take on leadership roles within healthcare organizations, manage medical practices more effectively, tackle industry-specific challenges, and bring a blend of medical expertise and strategic business insight to contribute to advancements in healthcare.

What is the difference between online MBA for doctors and a dual MBA for doctors?

MBA for Doctors	Dual MBA for doctors
Tailored for doctors who want to enhance their medical careers with business know-how.Provides practical business insights relevant to the healthcare sector.Focuses on augmenting doctors’ existing medical proficiency with business acumen.Equips doctors to effectively lead and manage within healthcare settings.Empowers doctors to contribute strategically to healthcare improvements.	Perfect for medical students interested in business along with medicine.Combines medical studies and comprehensive business training.Equips future doctors to take up medical leadership roles with advanced business skills.Enables seamless integration of medical knowledge and business expertise.Prepares graduates to excel at the intersection of healthcare and business.

Which is the best online MBA for doctors?

The MHA program is designed to offer a thorough and profound grasp of healthcare administration, while placing comparatively less emphasis on certain business aspects that might have limited relevance in health executive roles.

Here is an overview of the general admission requirements to an MBA for doctors

Degree	Credits	Duration	Admission requirements
Master’s degree	40-60 credits	2-5 years	GMAT or GRE scores official undergraduate from a related field.

1.University of Saint Francis

Program: MBA-Health Administration

Tuition: $425 per credit hour

Accreditation: the school is accredited by ACBSP; the program is accredited by AACSB.

Financial aid: Available, with 98% of the students receiving the aid.

Students have the opportunity to earn their MBA in a single year of full-time study. The courses offered include:

• Health Information and Analytics
• Health Care Finance
• Health Care Law and Compliance

2.Florida International University 

Program: MBA in Healthcare

Tuition: $455.64 per credit hour

Accreditation: the school and the program are accredited by AACSB

Financial aid: Available, with 94% of the students receiving the aid.

Courses are instructed by faculty of exceptional caliber and encompass areas like:

• Strategic Management
• Organizational Information Systems
• Operations Management

3.Maryville University

Program: MBA-Health Administration

Tuition: $525 per credit hour

Accreditation: the school is accredited by ACBSP; the program is accredited by AACSB.

Financial aid: Available, with 62% of the students receiving the aid.

Students will delve into areas such as:

• Healthcare Practice Operations
• Medical Law
• Ethics

4.Lamar University 

Program: MBA in Healthcare Administration 

Tuition: $526.13 per credit hour

Accreditation: the school and the program are accredited by AACSB

Financial aid: Available, with 64% of the students receiving the aid.

Courses within health care administration encompass:

• Entrepreneurship in Healthcare
• Strategic Management in Healthcare

Healthcare Policy and Financial Aspects

5.West Texas A&M University 

Program: MBA in healthcare management

Tuition: $561 per credit hour

Accreditation: the school and the program are accredited by AACSB

Financial aid: Available, with 84% of the students receiving the aid.

The healthcare management specialization encompasses classes in:

• Legal Considerations in Healthcare
• Healthcare Marketing and Public Relations
• Economics of Health and Medical Services

6.The University of Texas at Dallas

Program: MBA in Healthcare Leadership and Management

Tuition: $604 per credit hour

Accreditation: the school and the program are accredited by AACSB

Financial aid: Available, with 70% of the students receiving the aid.

The program readies students for leadership roles within diverse healthcare organizations. Course offerings comprise:

• Healthcare Financial Accounting
• Strategic Leadership of Healthcare Organizations
• Healthcare Cost Management and Control

7.University of Colorado

Program: MBA in Healthcare Administration

Tuition: $720 per credit hour

Accreditation: the school is accredited by CAHME; the program is accredited by AACSB.

Financial aid: Available, with 35% of the students receiving the aid.

Students have the flexibility to finish their degree in a span of two to five years. The program offers three distinct specializations:

• Financial Management in Healthcare
• Health Information Technology Management
• International Health Management and Policy

8.Minnesota State University

Program: MBA with Healthcare Management

Tuition: $728.35 per credit hour

Accreditation: the school and the program are accredited by AACSB

Financial aid: Available, with 63% of the students receiving the aid.

Differing from programs with stringent undergraduate degree prerequisites, MSUM welcomes students from diverse educational backgrounds. Core requisites encompass:

• Strategic Management
• Healthcare Economics
• Healthcare Law and Ethical Decision Making

9.Mount Vernon Nazarene University

Program: MBA in Health Care Administration

Tuition: $788 per credit hour

Accreditation: the school is accredited by ACBSP. The program is accredited by AACSB.

Financial aid: Available, with 99% of the students receiving the aid.

The program is designed to train healthcare professionals for leadership positions in various medical settings such as hospitals, assisted living facilities, and clinics. The curriculum, consisting of 36 credit hours, encompasses subjects like:

• Health Care Organization Quality Management
• Principles of Corporate Finance
• Ethical Approaches to Leadership in Healthcare Administration

10.Brenau University 

Program: MBA Online in Health Care Management

Tuition: $824 per credit hour

Accreditation: the school is accredited by ACBSP; the program is accredited by AACSB.

Financial aid: Available, with 93% of the students receiving the aid.

This program presents an excellent option for healthcare providers, including Registered Nurses (RNs) and other clinical professionals. The specialized courses offered in this program cover:

• Healthcare Ethics and Leadership
• Healthcare Organizational Systems
• Financial Management in the Healthcare Sector

11.University of Wisconsin

Program: MBA with Healthcare Management Concentration

Tuition: $825 per credit hour

Accreditation: the school and the program are accredited by AACSB

Financial aid: Available, with 58% of the students receiving the aid.

The program comprises four credits of essential business courses, 22 credits of core courses, and 10 credits of electives, enabling students to customize their studies to align with their career objectives. Health care-focused courses encompass:

• Fundamentals of Health Information Technology Management
• Health Care Finance and Economics
• Health Care Organization and Delivery

12.University of Massachusetts 

Program: MBA with Healthcare Administration

Tuition: $925 per credit hour

Accreditation: the school and the program are accredited by AACSB

Financial aid: Available, with 90% of the students receiving the aid.

This distinctive program presents a blend of business and public health courses directly applicable to the present healthcare landscape. Course selections encompass:

• Healthcare Quality and Performance Improvement
• Health Economics and Reimbursement
• Financial Management of Health Institutions

13.University of Scranton

Program: MBA in Healthcare Management

Tuition: $965 per credit hour

Accreditation: the school and the program are accredited by AACSB

Financial aid: Available, with 99% of the students receiving the aid.

The curriculum places a strong emphasis on ethics and social responsibility. Courses in healthcare management encompass:

• Global Health Management
• Health Services and Systems
• Health Informatics

14.Quinnipiac University

Program: MBA in Healthcare Management

Tuition: $1,105 per credit hour

Accreditation: the school and the program are accredited by AACSB     

Financial aid: Available, with 93% of the students receiving the aid.

Elective courses in healthcare management encompass:

• Foundations of Health Care Management
• Quality Management in Health Care Facilities
• Health Care Compliance Law

15.Indiana University–Purdue University

Program: physician MBA

Tuition: $1,728 per credit hour

Accreditation: the school and the program are accredited by AACSB.

Financial aid: Available, with 62% of the students receiving the aid.

Distinctive courses within this two-year program comprise:

• Enhancing Healthcare Executive Processes through Business Process Improvement
• Effective Conflict Resolution and Negotiation Strategies
• Legal Risk Management in a Healthcare Setting

What is the job outlook for doctors with an MBA?                     

The Bureau of Labor Statistics (BLS) anticipates a significant 28% increase in job opportunities within this field from 2021 to 2031. Physician Assistants (PAs) typically undergo comprehensive clinical training and earn a master’s degree. As of January 2023, the median annual income for PAs stands at $121,530. For individuals interested in healthcare positions coupled with an MBA, this avenue holds great promise.

In May 2021, medical and health services managers in the leading industries they were employed in received the subsequent median annual salaries:

Source: U.S. BLS        

Career paths for doctors with an MBA

Students who opt for this path might aim for roles such as hospital executives, healthcare system CEOs, medical school deans, or department chairs. Additional potential career avenues for MBA graduates encompass:

• Hospital administration
• Management of medical facilities
• Women’s health matters
• Research
• Public health medicine
• Global health initiatives
• Health policy engagements

Is an online MBA worth it for doctors?

Yes, across various professional domains, individuals with MBA degrees tend to earn approximately 20% higher salaries compared to those without graduate qualifications. Notably, in the realm of Healthcare Management, the financial benefits of obtaining an MBA can be even more pronounced. This is primarily due to the escalating need for healthcare administrators possessing advanced degrees and adept business leadership skills.