Dual-degree programs allow students to earn complementary degrees concurrently, in less time than they would need to complete each degree separately. Master of science in nursing (MSN) and master of business administration (MBA) dual-degree programs lead to marketable credentials that graduates can use to obtain positions in nursing and business. These programs cater to practicing nurses who want to enhance their career options and salary potential.
The best MSN/MBA programs include rigorous coursework in both disciplines. With advanced clinical and administrative skills, graduates can qualify for a variety of healthcare leadership positions. Dual degree-seekers develop a detail-oriented, analytical outlook and strong interpersonal skills, which nurses can leverage to transition to executive roles.
Best MSN + MBA Dual-Degree Programs 2021
Career and Salary Outlook
Graduates of MSN/MBA dual-degree programs benefit from strong job growth and robust earning potential in the medical and health services management field. According to theBureau of Labor Statistics (BLS), healthcare managers earn a median annual salary of $100,980. Specific salaries depend on factors including employer and geographic location.
Healthcare Executives/Healthcare Administrators These upper-management professionals can work in a variety of healthcare settings, including hospitals, clinics, and residential treatment facilities. Their duties may include overseeing and training staff, managing financial operations, facilitating interdepartmental communication, ensuring legal and regulatory compliance, and implementing quality-improvement strategies. Employers typically require top executives to hold at least a master's degree.
Clinical Managers These professionals assume responsibility for both medical and administrative management in clinics, doctors' offices, and other primary and ongoing care facilities. In larger organizations, such as hospitals, clinical managers may oversee a specific department. Clinical managers typically need a specialized nursing degree and several years of clinical experience as a registered nurse (RN).
Health Information Managers These professionals collect, analyze, and manage patient medical data in accordance with legal and ethical standards. They need certification from theAmerican Health Information Management Association. To qualify for certification, prospective health information managers must complete an accredited health information management program and pass an exam.
Nursing Home Administrators Nursing home administrators supervise all aspects of nursing home operation, including medical care, food service, recreation, and facilities management. They develop and implement budget plans, hire and train staff, negotiate contractual agreements with outside service providers, and oversee internal quality-assurance procedures. These professionals need state licensure to practice.
| Career | Median Annual Salary | Projected Growth Rate (2019-2029) |
|---|---|---|
| Medical and Health Services Managers | $100,980 | 32% |
Source: BLS
Licensing for Medical and Health Services Managers
Many medical and health services management positions require an RN or social work license. Each state sets its own criteria for licensure, so individuals should verify that they meet their state's licensure requirements. Reciprocity agreements, such as theNurse Licensure Compact, allow professionals who are licensed in a member state to practice in other participating states without reapplying for licensure.
Nursing home administrators need a field-specific, state-issued license. Most states require these professionals to pass the licensing exam from the National Association of Long Term Care Administrator Boards. States may also administer additional exams and specify educational and work experience requirements.
Graduates of accredited nursing programs can earn RN licensure in most states after passing theNCLEX-RN exam. States may set additional requirements, such as a criminal background check. Social work licensure requirements often include an accredited social work degree, supervised experience, and a clinical exam.
Accreditation
Accreditation indicates that a college, university, or program deliversquality education supported by adequate resources. Regional and national accrediting bodies assess entire schools. The most prestigious form of institutional accreditation,regional accreditation demonstrates that a school meets the most rigorous quality standards.
The best MSN/MBA programs feature field-specific nursing and business accreditation. TheAccreditation Commission for Education in Nursing and theCommission on Collegiate Nursing Education accredit nursing programs. Business programs can earn accreditation from theAccreditation Council for Business Schools and Programs and theInternational Accreditation Council for Business Education.
Courses in MSN/MBA Dual-Degree Programs
MSN/MBA dual-degree programs incorporate coursework in business and nursing. Students pursuing an MSN/MBA dual degree develop a comprehensive background in both disciplines. Courses in subjects such as nursing leadership and healthcare economics synthesize principles from both fields.
MBA coursework cultivates key managerial skills in areas such as quantitative reasoning, decision-making, and financial management. The MSN major typically emphasizes healthcare-specific organizational concepts and administrative competencies. Many programs culminate with a practicum experience, during which students apply management skills and nursing expertise in a real-world setting.
The following list includes courses common to MSN/MBA dual-degree programs. Course structures and titles may vary by program.
Scholarships
Students earning an MSN/MBA dual degree can qualify for financial aid, including loans, grants, and scholarships. Among the most sought-after forms of aid, scholarships do not require repayment. Scholarship eligibility may depend on factors such as academic achievement, financial need, and course of study. Learners in MSN/MBA dual-degree programs can apply for scholarships reserved for business students, along with nursing-specific awards.
ENA Foundation Academic Scholarships
Who Can Apply: The Emergency Nurses Association awards multiple scholarships to master's candidates pursuing advanced nursing practice specialties, including nursing administration. Applicants need a minimum 3.0 GPA and must hold ENA membership.
Amount: Varies
NBNA Scholarships
Who Can Apply: Available to National Black Nurses Association members, these scholarships support students enrolled in an accredited nursing program at any level. Applicants submit transcripts, an essay, and recommendation letters.
Amount: $1,000-$5,000
Jane M. Klausman Women in Business Scholarship
Who Can Apply: This scholarship from Zonta International supports women enrolled in graduate and undergraduate business programs. Each year, up to 32 students receive this award. Applicants must submit transcripts, recommendation letters, and an essay to their local Zonta club.
Amount: $2,000-$8,000
