Tami did her undergraduate degree in Chemistry at San Diego State University, and recently graduated with an MBA (Masters in Business Administration) from UCLA. She’s passionate about medicine, but more interested in the business of hospitals than in working directly with patients (blood, eck!)
Here’s what Tami needs to know:
What is the Average Starting Salary for a recent MBA grad in the Healthcare field?
This figure INCLUDES bonuses, but those working the the healthcare field don’t typically have as big a bonus structure as those moving into investment banking.
Should I get an MBA in Healthcare or a Masters in Health Administration (/Healthcare Management)? Do I need both?
Pursuing both degrees probably isn’t worthwhile. The MBA is focused primarily on business, and you will take the same core classes over your 2 or 3 year program as all other MBA students. If your emphasis is on Healthcare than you typically won’t take the Healthcare specific courses until your second year.
A Masters in Health Adminstration, however, is a much more focused degree. You will spend nearly all your learning how you’ll time help run a hospital or private practice, with less time on business fundamentals and other coursework (marketing, accounting etc).
Are Healthcare MBA’s getting hired?
Checkout this article from Business Week: RX for MBA Job Blues