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MSN/MBA: Is this Type of Nursing Degree Right for Me?

Higher Education Articles July 1, 2013

Due to the tremendous expansion of healthcare facilities and services, this industry offers widespread opportunities for employment both now and in the future. Among these opportunities lie openings in the field of healthcare and nursing management and administration. According to recent surveys on the future of healthcare administrative jobs, these positions will be in great demand in the years to come, with a projected growth rate of twenty-two percent in the next eight to ten years.

Those interested in establishing a prosperous nursing career have different options for their educational training as there are many types of nurse degrees to select from. Selecting the right nursing degree program is critical to the career one wants to establish. In order to advance in today’s competitive field, nurses require a comprehensive education that provides extensive training in their chosen profession. A joint Master of Science/Master of Business Administration (MSN/MBA) degree enables nurse graduates to expand their skills and abilities in both the nurse practicum and administrative fields. Of the different types of nurse degrees, a joint MSN/MBA education provides ample opportunities for nurses to launch successful and rewarding healthcare careers.

A Look at Nursing Degree Programs

Universities offer a variety of nursing degrees to coincide with the specific requirements of the nursing profession. Although it is possible to begin a career with only a two year Associates degree, most employers today require that nurses have a minimum four year Bachelor’s degree that combines theory with practical training skills for the profession. A Master of Science in Nursing (MSN) requires an additional two years of study beyond the Bachelor program; this degree program concentrates on advanced nursing practices and skills. Successful completion of an MSN degree earns one the title of Advanced Practical Nurse (APN). As an APN, one has the ability to perform any number of nursing specialties to include clinical specialist, nurse practitioner, midwifery, nurse anesthetist, etc.

Joint degree programs such as the MSN/MBA will be extremely beneficial for individuals interested in extending their careers to the administrative level. Most universities offer this joint degree program concurrently, enabling students to earn both Master’s degrees within eighteen months to three years, depending on full or part time participation. Completion of this degree program provides nurses with specialized practical nursing skills as well as the business knowledge required for executive management. As such, nurse graduates can expand their career options into the areas of administrators and managers of private practitioners’ offices, healthcare organizations, hospitals, etc. The MSN/MBA program serves the dual purpose of honing practical nursing training and providing business skills in areas such as human relations, accounting, finance, management, etc.

Benefits of an MSN/MBA Degree

Taking into consideration the growing need for qualified healthcare administrators, a joint MSN/MBA degree will be a tremendous asset for those considering nursing as a fulltime career. Potential salaries for healthcare managers were extremely promising for 2010, ranging from approximately $50,000 to $150,000 a year, depending on an individual’s education, prior experience, location and employer. A MSN/MBA degree offers qualified nurses the opportunity to establish successful professions in both spectrums of the nursing field, significantly expanding their career options for the future.

Nurses with the skills and vision for administrative service would do well to consider completing a joint degree. Graduates of an MSN/MBA program gain valuable insight into nursing leadership responsibilities and learn teamwork and people handling skills that improve their nursing careers. Interviews with current professionals in the healthcare administrative field reveal a serious need for more women executives in this area due to the increase of women patients in hospitals across the United States. Executive healthcare professionals Connie Cibrone, former CEO of Allegheny General Hospital, and Sharon O’Keefe, President, Chicago University Medical Center, encourage women nurses to pursue administrative positions not only for their own professional advancement, but to better represent the needs and interests of women patients under medical care.

An MSN/MBA degree enables nurses to meet the challenges and advancements of today’s rapidly evolving healthcare system. In addition, it offers nurses greater vision and challenge for the future, which will help them feel happier and more fulfilled in their chosen profession.

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South University , Virginia Beach
  • Several nursing programs are available at the bachelor's, post-graduate, master's, and doctoral levels.
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  • Do you aspire to fulfill an evolving healthcare role as a highly-qualified nursing professional? GCU is the place for you.
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  • The baccalaureate degree in nursing and master's degree in nursing at GCU are accredited by the Commission on Collegiate Nursing Education
  • Develop with hands-on practice, online and lab simulations and in depth peer discussions exploring best practices.
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  • Endorsed by G.I. Jobs and Military Advanced Education magazine as a Military Friendly School in 2015.
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  • Designated a 2015 Military Friendly School by Victory Media for the 4th consecutive year.
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  • Links students to hundreds of training opportunities (beyond their traditional internships and practicum) at their many “partner agencies” in each of their local communities.
  • Accredited by the WASC Senior College and University Commission (WUSCUC).
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  • Ranked among the Best National Universities in 2015 by U.S. News and World Report.
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  • Its student-faculty ratio is 13:1, and 55.1% of classes have fewer than 20 students.
  • Has distinguished alumni including Senator Harry Reid, former U.S. Secretary of State Colin Powell, and actress Courtney Cox.
Show more [+]
  • Accredited
  • Online Courses
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Searching Searching ...

Matching School Ads
5 Program(s) Found
  • Do you aspire to fulfill an evolving healthcare role as a highly-qualified nursing professional? GCU is the place for you.
  • RNs, pursue your BSN or MSN conveniently online, backed by the legacy of GCU's traditional campus.
  • GCU's bachelor's and master's programs prepare students to fill roles in direct care, management, health education and administrative disciplines.
  • The baccalaureate degree in nursing and master's degree in nursing at GCU are accredited by the Commission on Collegiate Nursing Education
  • Develop with hands-on practice, online and lab simulations and in depth peer discussions exploring best practices.
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
1 Program(s) Found
  • Recognized as a Top 20 Best Online Bachelor’s Program by U.S. News & World Report in 2016.
  • Online, campus-based, and evening courses offered in 95 areas of study, including Business, Nursing, Psychology, & more.
  • Endorsed by G.I. Jobs and Military Advanced Education magazine as a Military Friendly School in 2015.
  • Features small class sizes, with a student-to-faculty ratio of 23 to 1.
  • 88% of Regent University students receive financial aid, with $18 million awarded in institutional scholarships & aid each year.
  • Online Courses
1 Program(s) Found
  • Designated a 2015 Military Friendly School by Victory Media for the 4th consecutive year.
  • Listed on the President’s Higher Education Community Service Honor Roll in 2013, for the sixth consecutive year
  • Links students to hundreds of training opportunities (beyond their traditional internships and practicum) at their many “partner agencies” in each of their local communities.
  • Accredited by the WASC Senior College and University Commission (WUSCUC).
  • Online Courses
  • Financial Aid
1 Program(s) Found
  • Ranked among the Best National Universities in 2015 by U.S. News and World Report.
  • Ranked 8th among the Best Online Graduate Education Programs in 2015 by U.S. News and World Report.
  • A private, co-ed college founded in 1821 and located in downtown Washington, D.C.
  • Its student-faculty ratio is 13:1, and 55.1% of classes have fewer than 20 students.
  • Has distinguished alumni including Senator Harry Reid, former U.S. Secretary of State Colin Powell, and actress Courtney Cox.
Show more [+]
  • Accredited
  • Online Courses
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits

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