MSN-MBA Dual Degree Online Programs
The MSN-MBA dual degree online program is comprehensive and rigorous, preparing students to excel in nursing and business. MSN-MBA online programs are designed for students who want to expand their career options and increase their earning potential by acquiring advanced knowledge and skills in both fields. Also, with the flexibility and convenience of online learning, students can balance their academic pursuits with personal and professional responsibilities.
What Is an MSN-MBA Dual Degree Program?
An MSN-MBA dual degree program is a graduate-level program that combines the study of nursing and business administration. An online MSN-MBA dual degree program is designed for those who want to further their education and pursue a career in healthcare management or healthcare entrepreneurship, as it provides clinical and business training.
The best MSN-MBA online programs equip learners with a solid healthcare administration, finance, marketing, and management foundation and advanced nursing skills such as patient care, health promotion, and disease prevention. Furthermore, upon completing the program, graduates will have the necessary knowledge and skills to take on leadership roles in healthcare organizations and other healthcare-related businesses. Like a standard online MSN, an online MSN-MBA offers convenience and flexibility. The MSN-MBA online program is a great option for students who want to make a meaningful impact in the healthcare industry while advancing their career prospects in the business world.
Students earn two degrees in this program:
A Master of Science in Nursing (MSN). You can advance your clinical nursing skills when taking this program. Also, an MSN program teaches administration and provides a to-date view of business issues in today’s healthcare settings.
A Master of Business Administration (MBA). An MBA program provides business knowledge and training to ensure you have the skills necessary for leadership and administrative roles.
The MSN-MBA program generally includes nursing theory and practice coursework, healthcare policy and ethics, healthcare finance and economics, and healthcare leadership and management. Learners in this academic program will gain extensive knowledge and skills in healthcare delivery and healthcare finance.
Additionally, MSN-MBA graduates are eligible for roles in a number of settings, including hospitals, clinics, insurance companies, pharmaceutical companies, and government agencies. They may work as hospital administrators, healthcare consultants, clinical directors, nursing directors, or healthcare entrepreneurs.
What Are the Benefits of an MSN-MBA Dual Degree Program?
An MSN-MBA dual degree online program can offer many advantages for learners interested in pursuing healthcare management or leadership careers. Some of the benefits of the MSN-MBA dual degree program are:
- Comprehensive Skill Set: Students pursuing an online MSN-MBA dual degree program can gain a broader range of healthcare and business management skills, making them more versatile and valuable to potential employers. This program also helps graduates develop strategic planning, financial management, and marketing skills that can be applied across several industries.
- Cost and Time Savings: Among the most crucial factors to consider when undertaking any academic program is time and the cost incurred during the academic timeline. By pursuing MSN and MBA degrees simultaneously, you can save time and money compared to pursuing each degree separately. Additionally, some MSN-MBA programs offer scholarships or other financial assistance to dual-degree students.
- Improved Understanding of Healthcare Systems: An online MSN-MBA dual degree program can equip students with a more profound comprehension of healthcare systems, including healthcare policy and operations. The knowledge gained from the MSN-MBA dual degree program can be valuable if you seek to lead or manage healthcare organizations.
- More Career Opportunities: MSN-MBA dual degree prepares students for the real-world work setting in healthcare and business administration. Therefore, graduates with an MSN-MBA dual degree are well equipped and prepared to take on a number of leadership and management responsibilities in healthcare settings, such as hospital administration, healthcare consulting, or healthcare technology management. This can lead to increased job opportunities and potentially higher salaries.
- Networking Opportunities: MSN-MBA dual degree is usually undertaken by several students from diverse backgrounds globally. These programs can allow you to build connections with healthcare and business professionals, expanding your professional network and potentially opening up new career opportunities.
What Careers Can You Pursue with an MSN-MBA Dual Degree Program?
The MSN-MBA dual degree online program can prepare graduates for various leadership and management roles in the healthcare industry. According to Nurse.org, here are some of the career opportunities for students pursuing an MSN-MBA degree:
Medical or Health Service Manager
This career option allows you to oversee various management functions within a health facility or other healthcare setting as a medical or health service manager. Also, with this career option, you will regularly manage budgets and handle essential business relations within your organization. According to the Bureau of Labor Statistics, medical or health service managers earn a median income of $104280 annually.
Director of Care Management
This career involves developing and implementing a patient care management program for a health facility. According to Nurse.org, the goal of the director of care management is to improve hospital patient experiences and reduce healthcare costs.
Director of Compliance
As a compliance director, you must implement practices and policies to ensure that a health facility meets accreditation requirements. Also, you are tasked to ensure that your healthcare organization complies with HIPPA and Joint Commission standards.
Human Resources Manager
A human resource manager within any health facility overseas performs recruiting, hiring, and managing employee claims. According to the Bureau of Labor Statistics, a human resource manager earns an annual median pay of $126230.
Long-term Care Coordinator
A long-term care coordinator assists patients in accessing the healthcare services they need through interdisciplinary coordination with other providers.
Chief Nursing Office
As the highest-level nurse within a medical organization, a chief nursing officer is an advisor on best nursing practices, implementing evidence-based nursing programs, and representing nursing staff at business meetings.
As a graduate of the MSN/MBA program, you can work in several healthcare settings, such as:
- Hospitals and medical centers
- Mental health institutions
- Healthcare policy organizations
- Healthcare businesses such as pharmaceutical companies
- Outpatient clinics
- Nursing homes
What Is the Curriculum for an MSN-MBA Dual Degree Program?
The curriculum for an MSN-MBA dual degree program varies depending on the institution of higher learning offering the program. Generally, the MSN-MBA program is designed to provide learners with essential knowledge and skills in nursing and business.
The Master of Science in Nursing (MSN) program covers advanced nursing practice, leadership, and healthcare policy. Typical subjects include:
- Nursing theory
- Nursing research
- Advanced nursing research theory
- Nursing informatics and technology
- Advanced nursing leadership
The Master of Business Administration (MBA) program focuses on business and management principles. Common subjects include:
- Accounting
- Corporative policy and strategies
- Advanced economics
- Advanced finance
- Human resources
Are There MSN-MBA Dual Degree Program Specializations?
You can focus on several MSN-MBA dual degree program specializations during your studies. However, the specializations can vary depending on the school offering the program.
Here are some of the MSN-MBA dual degree program specializations:
- Healthcare Administration: This MSN-MBA specialization focuses on managing and administrating healthcare organizations. By undertaking this course, you will learn about healthcare policy and leadership in healthcare organizations.
- Health Policy: This specialization focuses on healthcare policy and politics. You will be prepared to analyze and influence healthcare policy locally, state, or nationally.
- Nursing Leadership: Focusing on development, nursing leadership prepares students for the leadership skills and competencies to lead and manage nursing teams effectively.
- Health Systems Management: This specialization prepares students for leadership roles in healthcare systems and primarily focuses on healthcare finance, operations, and strategies.
How Do You Choose an MSN-MBA Dual Degree Program?
When choosing an MSN-MBA online program, you should ensure the program is accredited and the curriculum is up to date to get a quality education. The school of your choice should be accredited by a reputable organization such as the Accreditation Commission for Education in Nursing (ACEN) and the Association of Advanced Collegiate Schools of Business (AACSB).
Choosing an MSN-MBA dual degree program can be a challenging decision to make. However, to ensure you get the quality education that has been accredited by relevant organizations, here are some factors to consider when choosing the program:
- Accreditation is essential in choosing the right MSN-MBA program that meets your goal. You should ensure the program has been accredited by relevant organizations such as the Commission on Collegiate Nursing Education (CCNE) and the Association of Advanced Collegiate Schools of Business (AACSB).
- Cost: In your search for an MSN-MBA dual degree program, evaluate the program’s cost and consider how you will finance your education. You can also apply for scholarships and grants to ease the education cost burden.
- Curriculum: Ensure the program’s curriculum aligns with your career goals and interests. Also, the curriculum should offer high-quality education that prepares you for a future workplace setting.
- Faculty: You should ensure the school offering the program has experienced and trained faculty in your area of interest. The faculty should also be able to provide quality instruction during the academic duration.
Who Accredits MSN-MBA Dual Degree Programs?
MSN-MBA dual degree program accreditation is an essential factor you should prioritize when looking to be enrolled in the program in a school of your choice. Accreditation ensures you receive a quality education that meets national standards.
Several organizations provide MSN-MBA programs. These include:
- CCNE: The Commission on Collegiate Nursing Education (CCNE) accredits nursing education programs at baccalaureate and graduate levels. This accrediting body is recognized by the U.S. Department of Education and the Council for Higher Education Accreditation.
- AACSB: The Association to Advance Collegiate Schools of Business (AACSB) accredits business schools globally. AACSB accreditation is recognized as the hallmark of excellence in business education.
What Are the Financial Aid Options for an MSN-MBA Dual Degree Program?
Financial constraints can be challenging for most students, making it possible for them to complete their MSN-MBA program. However, students can benefit from several financing options for an MSN-MBA dual degree program. But it’s important to note that the financial aid options will vary depending on the specific school you are applying to and your financial situation.
Some potential financial aid options you can benefit from include:
- Scholarships and Grants: Many institutions of higher learning and private organizations nationwide offer scholarships and grants to graduate students. You can easily search for scholarships and grants online, but you should note that scholarships and grants can be either need-based or merit-based and may be specific to a particular field of study or location.
- Federal Student Loans: As a graduate, you are eligible for federal student loans, which can help cover your tuition and other expenses. In order to get federal student loans, you must complete the Free Application for Federal Student Aid (FAFSA).
- Private Student Loans: You can benefit from student loans from private lenders. But you should be aware that unlike other financial aid options such as federal student loans, private student loans have higher interest rates and less borrowing protection. Therefore, in your search for financial assistance, decide to compare different lenders before taking out a private loan.
- Work-Study Programs: If you have fixed work schedules, you can apply for your online MSN-MBA dual degree programs in schools that offer work-study programs, which allow you to work part-time to earn money
What Is the Salary for MSN-MBA Dual Degree Holders?
As a holder of an MSN-MBA dual degree, the MSN-MBA salary range can be higher than holders of a single MSN or MBA degree.
According to the Bureau of Labor Statistics, the median annual wage for registered nurses – which requires an MSN degree – was $77,600 in May 2021. Also, the BLS projected the employment of nurses to grow by 6% from 2021 to 2031.
According to the Bureau of Labor Statistics, the median annual wage for management occupations – which requires an MBA degree – for a business-related profession, chief executives, was $179,520 in May 2021. The median annual salary for general and operations managers was $97,970 in May 2021. The BLS also projects the employment of top executives to grow 6% from 2021 to 2031.
Best MSN-MBA Online Programs
To find the best MSN-MBA online programs, consider three essential factors: curriculum, cost, and accreditation.
The program’s curriculum should equip you with the necessary skills and knowledge to excel in business. It should cover financial management, marketing, and human resources and provide practical opportunities through internships or practicums.
The program’s cost varies among schools, typically $30,000-$40,000. Scholarships or financial aid options may be available to help defray the cost of tuition.
Finally, ensure that a reputable organization accredits the online MSN-MBA program you choose. This ensures the program meets high-quality standards, and employers will recognize your degree.
Why Should You Consider an MSN-MBA Dual Degree Program?
You should consider an MSN-MBA dual degree program for several reasons. This will ensure you enroll in a school that offers high-quality education in nursing and the curriculum undertaken has been accredited by relevant organizations to meet national standards. These include:
- Diverse career
- Enhanced skill set
- Increased earning potential
- Competitive advantage
Top Online MSN-MBA Dual Degree Programs
The following are some of the top online MSN-MBA dual degree programs offered by various schools across the country:
Duke University – Durham, NC
Duke university offers both MSN and MBA programs, which help to equip learners with clinical and managerial skills. This can be important for students pursuing leadership roles in healthcare organizations. This program can be completed in 3 years and requires students to complete 66 credit hours of coursework. Duke university MSN-MBA, a dual degree program accredited by CCNE and AACSB, ensures students get a quality education.
University of Pennsylvania – Philadelphia, PA
The University of Pennsylvania offers an MBA in healthcare management. This program equips students with strengths in health economics and a focus on health management. The MBA program is also offered online, allowing students with other commitments to complete their coursework at their own pace and schedule. The CCNE and Middle States Commission on Higher Education (MSCHE) also accredited the program, ensuring a quality education meeting professional standards.
Johns Hopkins University – Baltimore, MD
This institution offers an online MSN-MBA dual degree program designed to equip nurses with key industry skills and knowledge in healthcare leadership. The CCNE and AACSB accredit the MSN-MBA programs at Johns Hopkins University to ensure nursing education meets the set standards and learners receive education of high quality.
Georgetown University – Washington, DC
Georgetown University offers several MSN-MBA online programs, such as Master of Public Policy and medical doctor. These programs help to equip learners with knowledge and skills in the nursing field, preparing them for future nursing roles. The CCNE and AACSB accredit MSN-MBA dual degree programs offered by Georgetown university to ensure students get a quality education that meets standards.
The University of Michigan – Ann Arbor, MI
This institution offers various MSN-MBA dual degree programs, including public health, medicine, and public policy, equipping students with impactful skills and knowledge necessary in the nursing field. The CCNE and AACSB accredit the University of Michigan; hence, students are guaranteed a quality education meeting set standards.
Emory University – Atlanta, GA
MSN-MBA dual degree programs offered at Emory University are highly regarded by employers and offer students the opportunities to gain valuable skills and knowledge in two complementary fields. The school offers an MSN dual degree program through its Nell Hodgson Woodruff School of Nursing and Goizueta-Business School. Also, the MSN-MBA courses offered by the school are accredited by the CCNE and AACSB.
University of Alabama at Birmingham – Birmingham, AL
This institution of higher learning offers online MSN-MBA dual degree programs through its School of Nursing and Collat School of Business. The programs are designed to prepare students for future roles in the nursing field. Also, the university of Alabama is accredited by CCNE and AACSB; hence, students are guaranteed to receive a high-quality education that meets professional standards and puts them at the top of the ladder as potential employers.
University of San Francisco – San Francisco, CA
The university of San Francisco offers online MSN-MBA dual degree programs that CCNE and AASCB have accredited through its School of Nursing and Health Professions and School of Management. The accrediting bodies are nationally recognized; hence students receive a quality education. Students also gain a strong foundation in nursing with coursework covering topics such as healthcare and healthcare systems. Additionally, graduates from the MSN-MBA dual degree programs are well prepared to take on various leadership positions in healthcare organizations.
Ohio State University – Columbus, OH
Ohio State University offers online MSN-MBA dual degree programs accredited by nationally recognized accrediting bodies such as CCNE and AACSB through its College of Nursing and Fisher College of Business. The MSN-MBA, a dual degree program, is also designed to prepare nurses for leadership roles in healthcare organizations.
University of Arizona – Tucson, AZ
The University of Arizona offers numerous online MSN-MBA dual degree programs such as MBA/Doctor of pharmacy and MBA/Master of public health through its College of Nursing and Eller College of Management. The CCNE and AACSB have accredited the MSN-MBA dual degree programs; hence, students will undoubtedly receive a quality education that prepares them for their future nursing roles.
University of Maryland Global Campus – Adelphi, MD
Through its Graduate School, the University of Maryland’s global campus offers online MSN-MBA dual degree programs accredited by the CCNE. CCNE is a nationally recognized accrediting body that ensures nurses get a quality education that prepares them for future nursing roles. Also, the programs provide nurses equipped with current and updated skills and knowledge in the nursing field.
University of Massachusetts Amherst – Amherst, MA
Through its College of Nursing and Isenberg School of Management, the University of Massachusetts Amherst offers online MSN-MBA dual degree programs accredited by national accrediting organizations such as CCNE and AACSB. The accrediting bodies ensure the school provides quality education that meets national students and equips students with the knowledge and skills necessary in nursing.
Seton Hall University – South Orange, NJ
Through its College of Nursing and Stillman School of Business, Seton Hall University offers online MSN-MBA dual degree programs that the CCNE and AACSB have accredited. The accrediting bodies are nationally recognized and ensure students receive a quality education that prepares them for leadership roles in healthcare organizations. Also, students will gain a strong nursing foundation by covering healthcare systems and leadership coursework.
Loyola University Chicago – Chicago, IL
MSN-MBA dual degree programs at Loyola University Chicago are designed to equip nurses with the necessary knowledge and skills in the nursing field. Through its Marcella Niehoff School of Nursing and Quinlan School of Business, Loyola University offers online MSN-MBA dual degree programs accredited by nationally recognized organizations such as CCNE and AACSB.
Maryville University – St. Louis, MO
Maryville University offers several online MSN-MBA dual degree programs through its Catherine McAuley School of Nursing and John E. Simon School of Business. The programs are accredited by the CCNE and the Accreditation Council for Business Schools and Programs (ACBSP), ensuring nurses get a quality education that prepares them for nursing roles.
University of South Alabama – Mobile, AL
Through its College of Nursing and Mitchell College of Business, the university of South Alabama offers online MSN-MBA dual degree programs accredited by the CCNE. The programs can take about three years to be completed. The programs equip nurses with the knowledge and skills necessary for nursing.
Admission Requirements for Online MSN-MBA Dual Degree Programs
When applying for an online MSN-MBA dual degree program of your choice from the school offering the program, you should ensure you meet the requirements for acceptance. It’s also important to note that you will likely have to complete the requirements before acceptance into the program, mainly if you apply and do not have an undergraduate.
The requirements include the following:
- Accounting fundamentals
- Quantitative essentials
- Finance
- Economics
Even though admission for MSN-MBA dual degree programs varies depending on the learning institution, here are some of the standard requirements:
- A 3.0 GPA or higher
- A bachelor of science in nursing
- Unencumbered nursing license
- At least two years of working in a clinical nursing role
- Graduate Record Examination (GRE) scores
- At least 2 -3 recommendation letters
- Admission essay
- Resume
- 3 to 5 references
Is an MSN/MBA Worth It?
Graduates of MSN-MBA degree programs are more desirable to employers. Employers usually seek out nurses with MSN-MBA degrees to fill high-level administrative and leadership positions. Therefore, achieving your course and obtaining a degree in both MSN and MBA advances your position as a strong candidate for upward mobility in healthcare.
Also, as you progress in your career, you will earn a higher salary to match your skills and experience. The program can put you into nursing leadership roles to improve the healthcare setting. Additionally, in interviews, you are far ahead, especially when competing with candidates who don’t have your education.
MSN-MBA Dual Degree Program FAQ
How long does it take to complete an MSN-MBA dual degree program?
The length of an MSN-MBA dual degree program varies depending on the school and the student’s individual situation. Generally, most programs can be completed in two to three years of full-time study, though some may take longer. Students can also pursue the degree part-time, which may take longer to complete.
What costs are associated with an MSN-MBA dual degree program?
The cost of an MSN-MBA dual degree program varies depending on the school and the student’s individual situation. Most programs require students to pay for tuition, fees, and the cost of books. Additionally, students may incur expenses such as transportation, housing, and living costs. It is important to research and compare the costs associated with different MSN-MBA dual degree programs before making a decision.
The cost of an MSN-MBA dual degree program will vary depending on the school, the cost of tuition, and other fees. Additionally, students may need to factor in the cost of textbooks and other materials, as well as living expenses. Financial aid and private loans may be available to help offset the
What are the admissions requirements for an MSN-MBA dual degree program?
Admissions requirements for an MSN-MBA dual degree program will vary depending on the school. Generally, applicants must hold a baccalaureate degree and have a minimum GPA. Additionally, most schools will require applicants to submit standardized test scores such as the Graduate Record Examination (GRE) or Graduate Management Admission Test (GMAT). Many schools will also require letters of recommendation, a resume, and a personal statement.
What is the job outlook for graduates of MSN-MBA dual degree programs?
The job outlook for graduates of MSN-MBA dual degree programs is very positive. Graduates of these programs are in high demand due to their unique set of skills and knowledge. They can pursue careers in a variety of fields, including health care administration, health policy and advocacy, finance, and healthcare consulting. Additionally, many employers prefer to hire individuals with a dual degree because they offer a wider range of skills and perspectives. As a result, graduates of MSN-MBA dual degree programs have access to a variety of career opportunities.
What is the average salary of someone with an MSN-MBA dual degree?
The average salary of an MSN-MBA dual degree holder differs depending on several factors, such as experience, location, and job role. However, the average salary can be roughly $107000 annually. It’s important to do further research on particular industries and job roles to get
Is an MSN-MBA dual degree worth the investment?
Yes, an MSN-MBA dual degree program is worth the investment. As an MSN-MBA dual degree holder, there are several advantages that you will have, such as expanded career opportunities, increased earning potential and a broader skill set.
