MBA vs HA: How much is good for you
Either a Master of business administration (MBA) and a Master of health administration (MHA) can open a world of possibilities for your career. Students with an interest in health care, however, may have a hard time deciding how best able to prepare a career path that matches their skills and interests. What are the main differences between the two?
The MBA option
Master of Business Administration is designed to give students a complete overview of the business world. The program includes topics such as accounting information systems, finance, economics, marketing, management, strategy and technology. The main difference between an MBA and MHA is that the former gives students a broader understanding of general business practices rather than those specific to the health care industry
Think about your long goals term. If you plan to work in a field such as accounting or finance, an MBA will give you courses that address overarching themes in these industries. As such, it allows greater flexibility in your career since the focus is on the scale, not the depth of the material.
If you decide to pursue an MBA, which offers an average base salary of $ 0,000 to 113,000 $, it is important to complete all entry requirements. Your application will probably need to include the results of standardized tests - most schools require candidates to complete the GMAT or GRE - records of previous notes, one or more tests, resume and letters of recommendation. Individual programs may require more specific materials, too, so be sure to read each application carefully.
The HA option
A Master of Health Administration, in turn, offers a program that revolves around business regarding care industry health. If you are considering a career as administrator of health care, an administrator of health insurance, a Management Analyst care or health care consultant, MHA will give you the tools to succeed in these roles specialized.
The average annual income for a healthcare administrator is more than $ 84,000 per year, and the field is growing rapidly. Health care is the largest industry in the country and the second largest employer, providing 11 million jobs in total. There are many leadership opportunities available for those who wish to work in hospitals, medical offices, health insurance companies, nursing homes and a variety of other health-centered environments.
The MHA program includes topics such as human resources, health care delivery, finance, ethics, health policy and business management. MHA students become versed in health care planning, budgets and laws. The admission requirements are generally similar to those of an MBA program; Most schools require a bachelor's degree, GMAT or GRE scores, essays and transcripts. Some programs may also require letters of recommendation and often enhance the experience in health care.
Both degrees offer promising business opportunities, but the key is whether you are committed to build your career in the health care industry. If you are fascinated by the inner workings of a hospital, for example, an MHA will give you the in-depth instruction required to help manage the entire operation. MBA, conversely, will probably be more useful for those with entrepreneurial aspirations or management in other industries.
If you are interested in pursuing a MHA, consider an Executive Master in Health Administration from the senior George Washington University School of Public Health and Health Services (SPHHS). Designed for professionals, this innovative online program teaches students the skills necessary to lead multidimensional healthcare organizations.
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