The Benefits of MBA in Hospital Administration
A hospital administration graduate is the heart of any health care facility. She is charged with the daily behind-the-scene work to ensure the business runs smoothly. As a result of the high level of professional responsibility involved, many employers require that she have a Master of Business Administration degree or some other relevant advanced degree.
It’s important for an administrator to be detail-oriented and able to see through a company’s goals, vision, mission statement. She should be an effective communicator and team player and has the ability to create a positive working environment.
She should also be organized and able to follow rigid deadlines, manage a budget and oversee the day to day operations. The person who runs the department should possess good leadership skills and be able to inspire confidence and productivity.
While an MBA in hospital administration is one of the most sought after degrees, it doesn’t necessarily guarantee success at the job. This type of degree is geared toward those who want to enter a management position in a hospital. If you don’t want to run a department but are looking to run a hospital, then an administration degree may not be best for you.
An MBA in hospital administration degree prepares students to run a business at a major medical facility
Many of the courses focus on how to run a business from the perspective of a management consultant or a patient. For example, some students will study business and leadership theory to better understand and manage the needs of their patients.
There are some topics that you won’t get as much information on with an administration degree, but if you plan to be a management consultant after graduation, it can benefit you in the future. For example, if you work as a manager in a consulting firm, you may need to work as a consultant on the hospital level in order to gain the experience needed to run a hospital or even a clinic.
You’ll need to do a lot of travelling in an MBA program, so you may want to consider taking part-time jobs in a doctor’s office or an administrative office in order to maximize your experience while still finishing your degree. Read: Hospital and Healthcare Security
These types of positions allow you to work as much as you want, when you want and still earn your MBA in hospital administration.
MBA in hospital administration schools will generally give you a broad overview of the career opportunities. You can complete a degree by attending classes full time or part-time and then work at a hospital for three years.
Once you’ve earned your degree, you will be responsible for managing a team of administrators and consultants. This will require you to communicate effectively and lead people. While you’re in school, you’ll likely get paid more than you would for a managerial or administrative position, so you may want to consider pursuing a higher paying consulting position after your work experience.
You’ll be responsible for training staff and recruiting other employees and setting up departments, but you’ll also have the chance to travel throughout the world. Some of the most popular positions for management consulting jobs are positions at the
- United States Department of Veterans Affairs
- State hospitals
- Nursing homes
- Companies who make products and services that are designed to help those suffering from mental illnesses
You may also be able to set up and maintain a private practice in the field, which means you will manage your own practice or work for a larger firm and focus on one area of the business. If you plan on working in a consulting position after you get your MBA in hospital administration degree, you should consider doing some internships as well as working for a consulting firm.
This will give you hands-on experience that will help prepare you for the positions you’ll likely be applying for once you graduate. If you don’t want to work for a consulting firm after getting your MBA, you could opt to work as a student in the field after school. Read: An Introduction to Health Information Technology
There are many private practice jobs available in a variety of health care fields, and a few management consulting firms also provide internships for college students
Depending on the size of your employer or the hospital you work in, there might be a variety of different areas that you’ll need to work in. You will find that some employers prefer to hire interns, while others will only want to hire full-time staff members.
Your supervisors will let you know how much detail you’ll need to answer when it comes to their requirements. Since your education is an asset, you’ll find that being a good communicator and possessing good communication skills will also come in handy in a consulting position.
Many times a consulting firm requires that you speak a variety of languages since they need you to help plan out their services. You should be able to communicate well and communicate your ideas clearly and provide sound advice to your superiors.
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