MBA in Healthcare Management in USA: Fees, Top Universities, Scholarships, Job Opportunities

Highlights -

• The common topics that are covered in the MBA in Healthcare Management in the USA are healthcare services management, Health insurance, and Financing and Healthcare laws.
• The intake of medical and health service managers in the USA is expected to rise by 32% by 2020-2032.
• The minimum GPA required for an MBA in Healthcare Management is 3.0 out of 4.0 (83.86%) and the minimum EPL scores are 6.0-6.5 in IELTS and 90-100 in TOEFL.
• Top employers are UnitedHealth Group, CVS Health, McKesson Corporation, Kaiser Permanente, Johnson & Johnson, Humana Inc., Cigna Corporation, Hospital Corporation of America, IMS Health, and AMGEN.
• According to the US Bureau of Labor Statistics, healthcare professionals in management usually earn around $101,000 and can even earn more than $200,000 at a senior-level position.

MBA in Healthcare Management in USA is a degree that equips you with practical knowledge and skills in healthcare management and business. The duration of an MBA in hospital administration in USA is 1.5 years to 2 years, depending on the university. MBA in hospital management in USA universities combines business management skills with a deep understanding of the healthcare sector’s unique challenges and dynamics. The general eligibility for MBA in Healthcare management in USA is a bachelor's degree of 3 years in a health-related industry from an acclaimed institution. Some other general criteria are -

• Statement of purpose
• Academic transcripts
• Letter of recommendation
• Work experience
• GRE\GMAT scores
• IELTS: of 6.0-6.5

MBA in health management in USA opens a wide scope of opportunities for you if you want to advance your career in the healthcare industry. Let us look up the MBA hospital management scope in USA

• Diverse career paths - could work as a hospital administrator, healthcare consultant, healthcare policy analyst, pharmaceutical manager, health informatics specialist, or in healthcare finance, marketing, and operations roles.
• Leadership opportunities - leadership and managerial positions, where they make strategic decisions that influence the direction of healthcare organizations.
• Health tech and innovation - You can work in health tech companies that develop innovative solutions, such as telemedicine platforms, electronic health records, and health apps

You must be wondering about the recruiting opportunities after completing your MBA in healthcare management from the USA. Provided below is a list of the top healthcare recruiters that hire fresh MBA graduates -

• Hospital Corporation of America
• IMS Health
• AMGEN
• UnitedHealth Group
• CVS Health
• McKesson Corporation
• Kaiser Permanente
• Johnson & Johnson
• Humana Inc.
• Cigna Corporation

MBA in Healthcare Management in USA: Top Universities

The deadlines and tuition fees for the MBA in Healthcare Management programs for the top Business US universities are listed below:

Why Study an MBA in Healthcare Management in the USA?

There are several reasons why studying an MBA in health care management in the USA is beneficial:

• Graduates with an MBA in healthcare management in the USA can expect to find employment in a variety of settings, including hospitals, clinics, insurance companies, pharmaceutical companies, and consulting firms. According to the Bureau of Labor Statistics, employment of medical and health services managers is projected to grow 32% from 2020 to 2030, much faster than the average for all occupations.
• Graduates of MBA programs in healthcare management in USA can expect to earn a high salary. According to Payscale, the average salary for an MBA in healthcare management graduate in the USA is $98,000 (INR 80.41 lakhs) per year.
• Many MBA programs in healthcare management in the USA are highly ranked, providing students with access to top-notch faculty and resources. For example, the Wharton School at the University of Pennsylvania is consistently ranked as one of the top business schools in the world, and its healthcare management program is highly regarded.
• Other highly ranked MBA programs in the USA include those at the Harvard Business School, the Sloan School of Management at MIT, and the Kellogg School of Management at Northwestern University.

MBA in Healthcare Management in USA: Admissions

The admission process for an MBA in healthcare management in USA can be competitive. It is essential to note that the application process may differ from school to school, and students are advised to research the requirements of each institution before submitting their application. MBA programs in healthcare management in USA typically have multiple intakes throughout the year. Deadlines can vary depending on the school and program but typically fall in the fall and spring semesters. Some schools may also offer rolling admissions depending on the availability of seats.

MBA in Healthcare Management in USA: Eligibility Criteria

Entry requirements for international students to obtain an MBA in Health care management differ from one university to another. However, the general requirements that one must meet to be eligible for admission are:

• Academic Degree- A 3/4-year bachelor’s degree in a health-related field from an accredited institution
• Minimum GPA- 3.0 out of a 4.0 scale (83-86%)
• GRE or GMAT Score- A GMAT score of 600 or above is required.
• English Proficiency Test Score-IELTS: 6.0-6.5 | TOEFL-iBT: 90-100 Overall
• Statement of Purpose (SOP)- A 1-2 page SOP outlining your purpose of choosing the program and your plans is required
• Letters of Recommendation- 1-2 LoRs
• Experience-Optional requirement of two years of professional work experience

MBA in Healthcare Management in USA: Admission Requirements

The various admission requirements for MBA. Healthcare Management programs at the following universities are:

MBA in Healthcare Management in USA: Cost of Study

If you are planning to study in the USA, you should do a thorough study of the cost you would be incurring. International students' tuition fees for MBA programs in healthcare management in the USA can range from $30,000 to over $100,000 (INR 24.61 lakhs – 82.06 lakhs) per year. Some schools may offer financial aid or scholarships for international students during their study period.

The cost of living can vary depending on the city and state, but on average, it can range from $12,000 to $20,000 (INR 9.84 lakhs- 16.41 lakhs) per year. This includes accommodation, food, transportation, and other expenses. International students may also need to purchase health insurance and pay for travel expenses to and from the USA.

MBA in Healthcare Management in USA: Tuition Fees

The tuition fees vary from around for most universities. The following table shows the total tuition fees for several US universities to pursue an MBA in health care management:

Cost of living in USA

An international student's annual cost of living in the United States is on average 25,000 USD, which is roughly estimated to be 20 lakhs INR. This can be different for every student depending on the place they are living in:

MBA in Healthcare Management in USA: Scholarships

The following table shows the list of MBA scholarships in USA and their details, which are available for International students:

Scholarship	Eligibility criteria	Award Value
Kellogg merit-based scholarship	Strong academic excellence and leadership potential	Full tuition fee coverage
Donald P Jacobs International scholarship	Strong academic excellence and leadership potential	Tuition fee coverage
The Dean's Scholarship	Strong academic excellence	Full tuition fee coverage
Carey business fellowship	Must have a GPA of 3.3 or higher | 3 years of professional work experience | Scored above the 80th percentile in the GMAT exam	Full tuition coverage | $19,800 (INR 16.24 lakhs) annual stipend
Forte Fellowships	Strong academic excellence and commitment towards the institution | Only available to women	Tuition fee coverage from $ 10,000 (INR 8.21 lakhs) to full coverage
MCPHS merit scholarship	Strong academic excellence	Full tuition coverage

MBA in Healthcare Management in USA: Job Opportunities

After the successful completion of an MBA in health care management, graduates can expect various top-level placements. The following table shows the MBA in healthcare management salary in us-

Profession	Average Salary (USD)	Salary for Indian Student (INR)
Health care manager	76,221	INR 63,64,262
Healthcare consultant	85,270	INR 71,19,831
Health information manager	104,443	INR 87,20,729
Healthcare administrator	89,627	INR 74,83,630
Healthcare information management manager	76,579	INR 63,93,403

MBA in Healthcare Management in USA: Return on Investment

The following table shows the comparison between total tuition fees and average salary per year for various universities:

The above line graph represents the ROI percentages after an MBA in Healthcare Management, showing that the highest percentage of ROI has been achieved from The University of Scranton, which is 331%. This indicates that the students had an average annual salary of $1,15,000 and the tuition fee was the lowest as compared to the other universities - $34,740.

University	Total Tuition fee (USD)	Average Annual Graduate Salary (USD)
The University of Scranton	34,740	115,000
Virginia Commonwealth University	65,000	82,232
University of Alabama at Birmingham	29,040	65,682
Kellogg School of Management	81,015	164,000
Massachusetts College of Pharmacy and Health Sciences - Boston	41,000	104,280
Penn State University	43,266	104,280
University of Michigan	75,392	147,111
Harvard Business School	73,440	175,000

MBA in Healthcare Management in USA: Degree Comparison by Country

The below table shows the comparison between various parameters to obtain an MBA in Healthcare Management in the USA and an MBA in Healthcare Management in the UK:

Parameter	MBA in Health care management in USA	MBA in Health care management in UK
Duration	1.5-2 years	1.5-2 years
Average Tuition fees	$30,000 to $110,000 (INR 25,03,925 lakhs –91,84,725)	EUR 18,000 – 20,000 (INR 16.34 lakhs – 18.16lakhs)
Cost of living	$18,000 (INR15,02,955)	EUR 11,500 (INR10.44 Lakhs)
English proficiency tests	IELTS: 6.0-6.5 | TOEFL-iBT: 90-100 Overall	IELTS: 6.5 | TOEFL-iBT: 90 Overall
Visa	F-1 student visa	Tier-4 study visa
Average Salary	$98,000 (INR81,82,755)	EUR 46,513 (INR 42.23 Lakhs)

In conclusion, pursuing an MBA in Healthcare Management in the USA can be a good choice for students seeking a successful career in the healthcare industry. Students can benefit from various scholarship opportunities and financial aid options, while the cost of living and tuition fees are reasonable compared to other countries. The admission process requires academic qualifications, work experience, English proficiency scores, and other essential documents. Graduates can enjoy higher salaries and job security, and the skills they acquire can also open up opportunities for career advancement. Overall, an MBA in Healthcare Management can provide students with the necessary knowledge and skills to make a positive impact in the healthcare industry.​

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