9 Jobs You Can Get With an MBA in Healthcare Management
Healthcare is a multitrillion-dollar industry in the U.S. that continues to grow. National health expenditures grew 4.1% in 2022, according to the Centers for Medicare & Medicaid Services. Health expenditures are expected to grow 5.4% annually over the next seven years, which would outpace the country’s average GDP growth over that time.
An online MBA in healthcare management could allow you to tap into this booming market and make you a prime candidate for a number of MBA healthcare management jobs. Below, we’ll explore nine popular jobs you can obtain with an MBA in healthcare management degree.
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1. Hospital Administrator
A hospital administrator handles virtually any task related to the operation of a hospital, both public and private. They also lead the strategic goals of the organization based on its mission and vision. This may include hiring and firing employees, managing budgets, maintaining records, and working with doctors to ensure patients receive adequate care.
- Median Salary (BLS, 2023): $128,740
- Job Outlook (2022-2032): 28%
If you are well-organized and comfortable tackling ever-changing administrative responsibilities, you may enjoy a career as a hospital administrator.
2. Medical and Health Services Manager
Medical and health services managers oversee the operations of a healthcare facility or department outside of the hospital setting. They lead a team to ensure that the section of the healthcare system they are in charge of continues to run smoothly and is in compliance with state and federal laws.
- Median Salary (BLS, 2023): $110,680
- Job Outlook (2022-2032): 28%
You may find a job as a medical and health services manager rewarding if you have strong organizational skills, are able to multitask, and pay close attention to minute details.
3. Hospital CEO
Hospital CEOs manage hospitals at the highest level. They often delegate the day-to-day management of operations to other administrators. CEOs will then address high-level issues, such as creating goals for the hospital, setting budgets, and strategic planning.
- Median Salary (BLS, 2023): $239,200+
- Job Outlook (2022-2032): -12%
You may pursue a hospital CEO role if you have strong leadership skills and a mind for business. You must also be prepared to make unpopular decisions to maintain the financial health of a hospital.
4. Hospital Operations Manager
Hospital operations managers work under the hospital CEO or hospital administrator to oversee a hospital’s day-to-day operations. They may not set operations budgets, but they are often in charge of efficiently using their given budget. Operations managers must also decide how supplies and personnel flow through a hospital to limit waste and redundancies.
- Median Salary (BLS, 2023): $152,500
- Job Outlook (2022-2032): 4%
You may feel called to become a hospital operations manager if you enjoy finding solutions to operational challenges and have an eye for efficiency.
5. Hospital Executive
A hospital executive typically oversees a specific portion of a hospital. Common executive roles include chief financial officer (CFO), chief operations officer (COO), human resources director, and medical director.
Responsibilities vary depending on the specific role, but executives generally oversee key aspects of a hospital’s operations.
- Median Salary (BLS, 2023): $174,300
- Job Outlook (2022-2032): 1%
You may consider a role as a hospital executive if you have leadership skills and a strong grasp of the subject matter you would oversee, like finances or operations.
6. Health Information Manager
Health information managers are responsible for maintaining and organizing all patient medical records and relaying those records to the correct physician at the appropriate time. An essential part of this job is maintaining the confidentiality of all sensitive information. Health information directors oversee managers and often earn higher salaries.
- Average Salary (Payscale, 2024): $64,880
- Job Outlook (2022-2032): 28%
You may thrive as a health information manager if you have strong organizational skills and are careful with sensitive information.
7. Healthcare Policy Analyst
A health policy analyst is charged with setting rules for how healthcare will be administered. At the institutional level, that may mean setting standards for physicians and establishing best practices for working with patients. Analysts may also work at the governmental level to institute policies to expand healthcare access.
- Average Salary (Payscale, 2024): $66,540
- Job Outlook: N/A
You may find a career as a health policy analyst rewarding if you are passionate about maximizing patient care or want to influence government regulations.
8. Pharmaceutical Project Manager
Pharmaceutical project managers oversee the development of new drugs, usually for pharmaceutical companies. That includes assembling the team that will research and develop the drug, managing supply chains to ensure researchers have the necessary supplies, and setting goals and deadlines.
- Median Salary (BLS, 2024): $103,610
- Job Outlook: 6%
You may find pharmaceutical project managing enjoyable if you have a strong grasp of pharmaceutical terms and can oversee complex projects.
9. Healthcare Consultant
Healthcare consultants advise healthcare systems or facilities on how best to function. These professionals often work for outside consulting groups hired by an institution looking to improve its processes. Consultants then help institute best practices to streamline operations.
- Average Salary (Payscale, 2024): $86,350
- Job Outlook: 7%
Consider a career as a healthcare consultant if you enjoy tackling fresh challenges and can easily identify room for improvement in others.
Is an MBA in Healthcare Management Worth It?
The average cumulative student loan debt to earn an MBA is just under $57,000. While that is a shocking sticker price, many of the MBA healthcare management jobs you’ll be qualified for pay well.
According to Mark Kantrowitz, a higher education expert, a good rule of thumb is if your cumulative debt is less than your starting salary, you should be able to pay off your MBA debt in a relatively reasonable amount of time.
Also, consider whether a career in healthcare management will be personally fulfilling. You will likely need strong organizational skills, leadership qualities, and a drive to help others succeed. A master’s in healthcare management may be more your speed if you’re interested in the research aspect of healthcare management.
Note: The insights on this page — excluding school descriptions — were reviewed by an independent third party compensated for their time by BestColleges. Page last reviewed June 22, 2024.
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