The Benefits of an MHA vs. a Healthcare MBA
The decision to pursue an advanced degree requires careful consideration. It is critical to choose a degree that will teach you the skills needed to move in the direction of greater career opportunity.
For those who decide to pursue a career in health administration, the most closely aligned advanced degrees are a Healthcare MBA or a Master of Health Administration. There are a few factors to consider when focusing on the benefits of an MHA vs. and MBA: your prior education, your professional experience and your career goals.
If your previous degree is in business or a related field (e.g. HR, Finance, Accounting, or Marketing), an MHA degree focuses on advanced business concepts as they relate specifically to health care. This degree is advantageous if your goal is to make health administration your career path. Learning the nuances of the business of health administration will help you prepare to handle the many specialized challenges of this ever-evolving industry.
If your education to date is in medicine, nursing or another allied health field, a master’s in health administration will position you for management opportunities at a higher level. Because of your previous studies and experience, you already possess invaluable knowledge about the health care field. When you build upon that knowledge with the leadership, management and health-related business skills you gain from an MHA program, you have the opportunity to become a well-rounded leader with a complete understanding of health administration from multiple perspectives.
If you already have a bachelor’s degree in health administration, chances are you have been working in the health care field for a while and may have developed a good understanding of the facet of the industry in which you work. If your goal is to continue in health care, a master’s in health administration makes more sense than the relatively unfocused MBA. While some topics in both degrees are similar, the MHA degree offers you advanced business and leadership knowledge as it applies directly to health administration.