Discover the five different program types of MBA, and learn about Healthcare MBA for healthcare practitioners.
A Master’s degree in Business Administration (MBA) is sought by professionals who are eyeing a promotion and corresponding salary increase. There is nothing wrong in that, since people must always strive for what is best and profitable. People in the hospital industry go to a specialized MBA program – Healthcare MBA.
MBA programs are primarily offered by business schools regardless of specialization. An MBA healthcare management program, for instance, is made available by business schools with a specialization in healthcare, rather than by medical schools. It makes more sense that way, since students who decide to take up an MBA course are motivated to develop their skills in management.
Most business schools demand students to satisfy a number of requirements, which may include a GMAT (Graduate Management Admission Test), years of work experience, essays, academic transcripts, letters of recommendation, and personal interview. This only goes to show that an MBA program is not a walk in the park. Only leaders or those that have demonstrated leadership traits at work are encouraged to enroll.
Requirements vary from program to program and from school to school. Some accept a GRE (Graduate Record Examination) over a GMAT. Others do not ask for essays or require fewer years of work experience, while still others look for community service activities or extracurricular activities.
There are different types of MBA program that hope to suit the different needs and situations of students. The most common types are Part-time MBA, Accelerated MBA, Executive MBA, and Online MBA. From its name, it is clear that a Part-time MBA is for students who do not have the luxury to engage in full-time study.
Quite the opposite, an Accelerated MBA program is for students who have time to engage in a higher course load. This MBA has more intense class and exam schedules, with very short breaks between semesters and during the duration of the program. Accelerated students choose to forego the usual three to four months of summer break.
The Executive MBA, on the other hand, is specifically designed for executives, managers and business leaders. Students are expected to have a higher-level of industry experience, including years of work in leadership positions. An EMBA is an after-MBA degree program that serves the best of the best.
Meanwhile, an Online MBA is an MBA program that is completely Internet-based. All the lessons, assignments and projects take place online. This means students have flexibility in schedule and therefore may continue employment and pursue full-time study at the same time.
The most common type of MBA is the regular two-year Masters program. These are offered in leading American universities and conducted in traditional school-classroom format. Regular MBA programs have different specializations, including MBA Healthcare Management.
A Healthcare MBA program is designed to produce hospital managers, nurse supervisors, department managers, clinical administrators, and other key leadership roles in clinics, medical facilities and hospitals. A Master’s course in health services includes courses in nursing, psychology, physical therapy, hospital administration, nutrition, health data, and public well-being. Most importantly, earning an MBA degree in healthcare leads to promotions, career development and higher wages.